Market Overview:

Plant-based ice-creams are majorly advantageous for lactose intolerance people. These ice creams are creating a large customer base in the non-dairy items domain. The growing population base of lactose-intolerant consumers is likely to be the major factor for elevating the consumption of these ice creams and driving the plant based ice creams market. In addition to that, high amounts of protein content in these plant-based ice-creams is likely to make them a healthier ice-cream option, which will further drive the plant based ice creams market on a worldwide scale. Global plant based ice creams market is estimated to grow at 9.10% CAGR from 2018 to 2023 and it is expected that the world market was worth at USD 1.89 billion in 2018 and is anticipated to reach USD 2.92 billion by 2023.

Market drivers and restraints:

The world plant based ice creams market is estimated to witness lucrative growth prospects and opportunities in the upcoming years, due to the growing number of lactose-intolerant individuals and rising rates of veganism. These major two aspects are likely to result in a dynamic development of the world plant based ice creams market, especially in developed nations. Besides this, new variants with different flavors of these ice creams are expected to propel the market in the near future.

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Report segmented as:

By form:

Blends
singles
By type:

cones
bars
tubs/cups
others
By flavor:

beans
nuts
fruits
herbs
others
By source:

cashew milk
almond milk
coconut milk
soy milk
others
By end user:

direct sales
indirect sales
Geographical analysis:

The world plant based ice creams market is segmented into Europe, North America, the Middle East and Africa, Asia Pacific, and Latin America. In the North American region, the U.S. is likely to be the key maker of plant based ice creams and dominate the market in the coming years. North America is expected to be the biggest regional plant based ice cream market, owing to growing of these ice creams and increasing vegan population.

Important market players:

Some of the major market players operating in the world plant based ice creams market are Bliss Unlimited, Ben & Jerry’s, So Delicious Dairy Free, Luv Ice Cream, The Booja-Booja, Oatly, Jollyum, Klein’s Ice Cream, Little Baby’s Ice Cream, Happy Cow, Frankie & Jo’s, Tofutti Brands, Nadamoo, Arctic Zero, Hain Celestial Group, Wink Frozen Desserts, Snowflake Luxury Gelato, Imuraya Group, and Nobo, among others.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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