Plant-Based Ice Cream Market Size Report- Industry Growth Analysis 2030
Data Bridge Market Research unveils a comprehensive study of the Plant-Based Ice Cream Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
The Plant-Based Ice Cream Market report conducts a meticulous examination of the current market landscape, encompassing a spectrum of market dynamics. It delves into how the endeavors of key players impact sales, import-export dynamics, revenue, and CAGR values. Highlighting market analysis, definition, currency and pricing, key developments, and methodical research methodologies, this Plant-Based Ice Cream Market report stands out. It caters to diverse global markets, tailoring solutions and furnishing comprehensive insights into trends within the Food & Beverage industry, aligning seamlessly with client needs.
This market research furnishes actionable insights vital for crafting sustainable and profitable business strategies. The Plant-Based Ice Cream Market report strategically profiles key market players, thoroughly assessing their core strengths and delineating their strategies, encompassing new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. These insights empower businesses to enhance their strategies for marketing goods and services effectively. Understanding today's trends is crucial for predicting tomorrow's outcomes, and this Plant-Based Ice Cream Market report serves as a compass, allowing focus on critical aspects of the Food & Beverage industry for a clearer vision of the future.
Data Bridge Market Research analyses that the plant-based ice cream market was valued at USD 2606.6 million in 2021 and is expected to reach the value of USD 27915.97 million by 2029, at a CAGR of 34.50% during the forecast period of 2022-2029.
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Market Definition
Plant-based ice creams, also known as vegan ice creams, can help you lose weight, lower your risk of cardiovascular disease, and improve the texture of your skin. It is made from soy milk, coconut milk, almond milk, cashew milk, and other ingredients obtained from plants. It comes in a variety of flavours, including chocolate, orange, coconut, caramel, strawberry, and others.
Plant-Based Ice Cream Market Dynamics
Drivers
- Rising popularity of low-fat desserts
In the coming years, the growing demand from the health and fitness enthusiast population for low sugar, low processed ingredient based, and label free desserts will positively affect the growth of the global plant-based ice cream market. Furthermore, rising consumption of non-dairy desserts, Keto-friendly ice cream cakes, and fruit bars for various purposes (snacks, protein, energy, etc.) are propelling demand and positively affecting sales in the global plant-based ice cream market.
- Rising disposable income and rising urbanisation
Furthermore, the focus of manufacturers on developing and marketing new 'clean label' and 'label free' plant based ice cream products is driving the growth of the global plant based ice creams market in the coming years. Although the high cost of these products in the global plant-based ice cream market when compared to conventional products is a significant restraining factor for the industry, rising popularity of these products is expected to fuel demand in the coming years.
Opportunity
Increasing plant-based ice cream sales, primarily through online platforms, as online retailers offer a wide variety of plant-based ice cream, will accelerate the plant-based ice cream market's growth rate.
Restraints
However, rising concerns about the product's high sugar and fat content will slow the market's growth rate. Furthermore, COVID-19's negative impact on production and the supply chain will stymie the overall growth of the plant-based ice cream market. Furthermore, the availability of substitutes and the entry of new players will present additional challenges to the plant-based Ice Cream market over the forecast period of 2022 to 2029.
This plant-based ice cream market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plant-based ice cream market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Plant-Based Ice Cream Market Regional Analysis/Insights
North America dominates the plant-based ice cream market and will continue to do so during the forecast period due to consumer preferences in this region shifting from dairy-based plant-based Ice Cream to non-dairy-based plant-based ice cream products. Furthermore, product development, a high level of disposable income, and the presence of various plant-based ice cream flavors will accelerate the market's growth rate in this region. Due to rising consumer demand for plant-based desserts and rising incidences of digestive disorders such as lactose intolerance in this region, Asia-Pacific is expected to grow at a significant rate during the forecast period of 2022-2029.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Major Points in the Report
- Understanding the entirety of the Plant-Based Ice Cream Market landscape thoroughly.
- Exploring the leading entities in this sector, delving into their range of products and core approaches.
- Examining the prominent geographical areas where Global Plant-Based Ice Cream Market demonstrates significant growth.
- Keeping abreast of the latest shifts and advancements within the industry.
- Identifying specific areas or Markets with high potential and promising expansion opportunities.
Key Questions Answered In This Report
- How is the expected to evolve by 2030, and what factors will influence its growth rate?
- What notable trends characterize the current landscape of this Market?
- What factors primarily fuel the expansion of this Market?
- What obstacles or hurdles might impede the growth trajectory of this Market?
- Which entities stand out as significant players within this Market's domain?
- What prospects and challenges are on the horizon for the key players in navigating this Market?
Target Audience:
- Businesses in the Global Plant-Based Ice Cream Market
- Investors and analysts interested in the Plant-Based Ice Cream Market
- Anyone who wants to learn more about the Plant-Based Ice Cream Market
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Some of the major players operating in the plant-based ice cream market are:
- Chr. Hansen Holding A/S (Denmark)
- Yakult Honsha Co., Ltd (Japan)
- Nestlé (Switzerland)
- DuPont (US)
- MORINAGA & CO., LTD (Japan)
- BioGaia AB (Sweden)
- Protexin (UK)
- Daflorn Probiotics UK (UK)
- DANONE (France)
- Yakult U.S.A. Inc. (US)
- Deerland Enzymes, Inc. (US)
- UAS Laboratories (US)
- Goerlich Pharma GmbH (Germany)
- SANZYME BIOLOGICS PVT. LTD. (India)
- DSM (Netherlands)
- NutraScience Labs (US)
- Kerry Group plc (Ireland)
- Lallemand Inc. (Canada)
- Lonza (Switzerland)
- Winclove Probiotics (Netherlands)
- Probi (Sweden)
By Product Source (Coconut Milk Based, Soy Milk Based, Almond Milk Based, Cashew Milk, Rice Milk Based), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Health Food Stores, Specialist Stores), Packaging (Tub, Bag/Sachet), Flavor (Beans, Nuts, Fruits, Herbs, Others), Form (Blends, Singles)
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