Global Vegan Ice Cream Market to Reach US$ 1,006.4 Million by 2032, Bolstered by Emerging Trend of Veganism

October 28, 2022 | Food & Beverages

According to the latest report by IMARC Group, titled “Vegan Ice Cream Market Report by Source (Coconut Milk, Soy Milk, Almond Milk, Cashew Milk), Flavor (Chocolate, Caramel, Coconut, Vanilla, Coffee, Fruit), Sales Type (Impulse, Take Home, Artisanal), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), and Region 2024-2032," the global vegan ice cream market reached a value of US$ 671.4 Million in 2023. Vegan ice cream is a dessert made from animal-free, natural, and plant-based ingredients. It is prepared using maple syrup, pea proteins, fava beans, and plant-based milk, such as almond, soy, cashew, coconut, and rice milk. Vegan ice cream is commercially available in several flavors, such as chocolate, strawberry, pistachio, coffee hazelnut, blackberries, raspberries, and mint chip. Generally consumed by the vegan population, it exhibits a smaller carbon footprint and is more environmentally sustainable while offering similar taste and quality. As compared to traditional dairy-based ice cream, vegan ice cream is highly nutritious and contains fewer calories, lower fat, and less sugar. It also assists in weight loss and easy digestion, improves skin, and provides a suitable alternative for individuals on various diets, such as keto, low-fat, and vegan.


Global Vegan Ice Cream Market Trends:

The emerging trend of veganism due to rising health consciousness among the masses is one of the primary factors driving the market growth. Vegan ice cream is widely consumed by wellness-oriented individuals as it supports detoxification, promotes glowing skin, improves heart function, supports hair growth, boosts energy, and uplifts mood. In addition, rising product adoption due to increasing consumer awareness regarding ethical consumption, animal cruelty, and the promotion of animal rights is acting as another growth-inducing factor. Furthermore, increasing product demand as a safe and suitable alternative for individuals suffering from lactose intolerance and dairy allergies that cause vomiting, hives, stomach problems, and diarrhea is providing a considerable boost to market growth. Additionally, the introduction of gluten-free product variants formulated from natural ingredients without using emulsifiers, artificial colors, and stabilizers is creating a positive outlook for market growth. Moreover, aggressive promotional campaigns by leading manufacturers through advertisements and the launch of premium products in exotic flavors, such as lemon poppy seeds, pink champagne, and chai tea coconut, are providing an impetus to market growth. Other factors, including rising expenditure capacities of consumers, easy product availability across various e-commerce platforms, and extensive research and development (R&D) activities to study the product's health benefits, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach US$ 1,006.4 Million by 2032, exhibiting a CAGR of 4.5% during 2024-2032.


Market Summary:

  • On the basis of the source, the market has been divided into coconut, soy, almond, and cashew milk.
  • Based on the flavor, the market has been classified into chocolate, caramel, coconut, vanilla, coffee, and fruit.
  • On the basis of the sales type, the market has been categorized into impulse, take home, and artisanal.
  • Based on the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience stores, online stores, and others.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being Arctic Zero, Booja-Booja, Double Rainbow Ice Cream, HappyCow, Morrisons, NadaMoo!, Over The MOO, Perry's Ice Cream, SorBabes, Tofutti Brands Inc., Unilever PLC and Van Leeuwen Ice Cream.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Source, Flavor, Sales Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arctic Zero, Booja-Booja, Double Rainbow Ice Cream, HappyCow, Morrisons, NadaMoo!, Over The MOO, Perry's Ice Cream, SorBabes, Tofutti Brands Inc., Unilever PLC and Van Leeuwen Ice Cream
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Vegan Ice Cream Market to Reach US$ 1,006.4 Million by 2032, Bolstered by Emerging Trend of Veganism
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More