Non-dairy Ice Cream Market Trends, Growth Drivers, Business Developments by 2024
Category: #business  By Partha Ray  Date: 2019-09-11
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Non-dairy Ice Cream Market Trends, Growth Drivers, Business Developments by 2024

Global Market Insights, Inc. has launched a report on Non-dairy Ice Cream Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Shifting consumer preference towards the vegan diet is expected to propel non-dairy ice cream market. Growing lactose intolerance population resulted in an improved demand for plant-based food products. Approximately over 50 million U.S. population is affected by gastrointestinal malabsorption owing to the inability of the digestive system to breaks down lactose compound.

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Increasing consumer spending on functional food and confectionary items will foster non-dairy ice cream market share. Desserts are among the most preferred dishes in numerous restaurants owing to tasteful flavors such as raspberry, chocolate salted caramel, hazelnut & rose, mint and double choc chip, thereby propelling sales growth. Also, increasing popularity of tasteful flavors including almond with a cocoa twist, coconut with a passionfruit twist flavors, and raspberry ripple boosting non-dairy ice cream industry.

Fluctuating trends towards healthy lifestyle owing to increasing awareness across North America and Europe instigating sales growth. Factors such as low calories content and high protein benefits propelling dairy-free products demand. Increasing daily milk allergies are mainly stimulating rapid commercialization of plant-based milk products strongly supporting industry share.

Coconut milk segment is projected to witness more than 14% CAGR from 2018 to 2024. Improved usage of coconut milk owing to cost-effective benefits are fostering product landscape. It provides similar properties as compared to dairy milk especially the presence of fats components stimulating industrial usage. Coconut milk is highly compatible with several flavors that enhances textures are key benefits are propelling non-dairy ice cream market share.

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Vanilla segment captured over 23% market share in 2017. Rising demand for vanilla flavor owing to its pleasant taste in conventional and non-diary ice-creams are propelling industry share. Premium segment widely uses flavors including vanilla & hazelnut chocolate flavors, bourbon vanilla extract in the products. Non-dairy ice-cream products have captured strong attention from young generation due to the availability of numerous fruitful flavor options stimulating market penetration.

Take home segment is expected to experience more than 13.5% CAGR up to 2024. Rapid urbanization primarily boosting product demand, especially for take-home choices. Increasing product consumption in off-premise owing to higher convenience advantages boosting revenue share. Shifting trends toward online purchase along with home delivery options by major manufacturing companies driving non-dairy ice cream market.

Supermarket is estimated to show more than 14.4% CAGR up to 2024. Increasing the expansion of supermarket and hypermarkets offering attractive schemes & offers strongly supporting market growth. Cost effective benefits along with the easy availability of multiple brands under one roof are key factors bolstering segment growth. Different flavor variants, size and pricing benefits are mainly driving sales channel of non-dairy ice cream market.

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Asia Pacific market accounted for more than USD 150 million revenue in 2017. Improved demand for vegan products owing to growing awareness among the huge population supporting sales growth across the region. Strong presence of manufacturing companies catering lactose intolerant consumers mainly boosting market expansion in emerging countries. Increasing population across China, India, Japan, and Australia stimulating non-dairy ice cream industry growth.

Non-dairy ice cream market is highly competitive in nature owing to the large presence of manufacturing companies in the market. Key industry players are Bliss Unlimited LLC, Unilever. Danone, General Mills, Booja Booja, NadaMoo, and Swedish Glace. Companies are focusing on new product development by adding nutritional ingredients to cater to health-conscious consumer base and enhance product sales.

Partial Report Content:

Chapter 4. Non-dairy Ice cream Market, By Source

4.1. Global non-dairy ice cream market share by source, 2017 & 2024

4.2. Coconut milk

4.2.1.  Market estimates and forecast, 2013 - 2024

4.2.2.  Market estimates and forecast, by region, 2013–2024

4.3. Almond milk

4.3.1.  Market estimates and forecast, 2013 - 2024

4.3.2.  Market estimates and forecast, by region, 2013–2024

4.4. Cashew milk

4.4.1.  Market estimates and forecast, 2013 - 2024

4.4.2.  Market estimates and forecast, by region, 2013–2024

4.5. Soy milk

4.5.1.  Market estimates and forecast, 2013 - 2024

4.5.2.  Market estimates and forecast, by region, 2013–2024

4.6. Other sources (Vegetable  Oil, Rice Milk, Hemp)

4.6.1.  Market estimates and forecast, 2013 - 2024

4.6.2.  Market estimates and forecast, by region, 2013–2024

Chapter 5. Non-dairy Ice cream Market, By Flavor

5.1. Global non-dairy ice cream market share by flavor, 2017 & 2024

5.2. Vanilla

5.2.1.  Market estimates and forecast, 2013 - 2024

5.2.2.  Market estimates and forecast, by region, 2013–2024

5.3. Chocolate

5.3.1.  Market estimates and forecast, 2013 - 2024

5.3.2.  Market estimates and forecast, by region, 2013–2024

5.4. Butter pecan

5.4.1.  Market estimates and forecast, 2013 - 2024

5.4.2.  Market estimates and forecast, by region, 2013–2024

5.5. Strawberry

5.5.1.  Market estimates and forecast, 2013 - 2024

5.5.2.  Market estimates and forecast, by region, 2013–2024

5.6. Neapolitan

5.6.1.  Market estimates and forecast, 2013 - 2024

5.6.2.  Market estimates and forecast, by region, 2013–2024

5.7. Cookies & Cream

5.7.1.  Market estimates and forecast, 2013 - 2024

5.7.2.  Market estimates and forecast, by region, 2013–2024

5.8. Mint Choco-chip

5.8.1.  Market estimates and forecast, 2013 - 2024

5.8.2.  Market estimates and forecast, by region, 2013–2024

5.9. Caramel

5.9.1.  Market estimates and forecast, 2013 - 2024

5.9.2.  Market estimates and forecast, by region, 2013–2024

5.10.  Other flavors (Coffee, mango, banana, lemon, cherry)

5.10.1. Market estimates and forecast, 2013 - 2024

5.10.2. Market estimates and forecast, by region, 2013–2024

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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