Market research reports, consulting: Global Market Insights Inc.
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Non-Dairy Ice Cream Market Size By Source (Coconut Milk, Almond Milk, Cashew Milk, Soy Milk), By Flavor (Vanilla, Chocolate, Butter Pecan, Strawberry, Neapolitan, Cookies & Cream, Mint Choco Chip, Caramel), Product, Form, Distribution Channel, 2023 - 2032

Report ID: GMI1786
   |
Published Date: February 2023
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Report Format: PDF

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Non-Dairy Ice Cream Market Size

Non-Dairy Ice Cream Market size crossed USD 700 million in 2022 and is projected to exhibit a 10.5% CAGR from 2023 to 2032.
 

Non-Dairy Ice Cream Market

The increasing prevalence of lactose intolerance and milk allergies among people worldwide, particularly across the U.S. and Canada, will propel the consumption of non-dairy ice cream. Approximately 30 million adults in the U.S. suffer from some degree of lactose intolerance by the age of 20. Meanwhile, the East Asian population continues to show a high incidence rate, with more than 70% of the general public suffering from lactose intolerance, as per the National Institutes of Health (NIH).
 

Over the last decade, the number of people with an allergic reaction to animal-derived dairy products have witnessed a dynamic rise, emphasizing the consumption of plant-based alternatives such as coconut, soy, almond, and oat milk-based ice creams. Moreover, the rising advancements in the production of low-fat, gluten-free, and lactose-free dairy alternatives will stimulate the market outlook.
 

High cost of non-dairy ice cream could restrain the industry growth

Plant-based dairy alternatives, including non-dairy ice creams are relatively more expensive than traditional ice creams, which may impede the market demand. The production of non-dairy alternatives involves fortification in order to keep up with the nutritional value offered by conventional dairy products, adding to the manufacturing costs. Several manufacturers are forced to invest in novel manufacturing technologies along with superior-quality ingredients to ensure an improved nutritional profile of the product.
 

Non-Dairy Ice Cream Market Analysis

Non-Dairy Ice Cream Market Size By Flavor

The non-dairy ice cream market size from the chocolate flavor segment is expected to depict a 10.5% CAGR during the forecast timeline. The emergence of new trends in the food sector, such as vegan chocolate, owing to their health benefits, such as low cholesterol and fat, is accelerating the demand for chocolate-based flavorings. In addition to its taste appeal, cocoa is also considered to have significant health benefits due to its high magnesium and iron content. Several leading chocolate manufacturers are thus foraying into the vegan trends with the development of innovative recipes. 
 

The impulse product segment is anticipated to record a 10.5% CAGR through 2032, attributed to the surging young population and the increasing female workforce. However, the fast-paced lifestyles and hectic schedules have popularised on-the-go food products across developed and developing economies. A remarkable growth in the number of impulse buyers credited to the multiple benefits associated with these products, including affordability and convenience will also spur the industry outlook. As proof, according to a surgery conducted by Slickdeals, one of the largest shopping platforms, the average spending of shoppers on impulse purchases has jumped from USD 276 in 2021 to USD 314 in 2022.
 

Authors: Kiran Pulidindi, Kunal Ahuja
Non-Dairy Ice Cream Market Scope
  • Non-Dairy Ice Cream Market Size
  • Non-Dairy Ice Cream Market Analysis
  • Non-Dairy Ice Cream Market Share
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    Premium Report Details

    Base Year: 2022

    Companies covered: 14

    Tables & Figures: 395

    Countries covered: 21

    Pages: 317

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