Non-dairy ice cream market tops $700 million mark amid category growth

Latest studies from Global Market Insights, have unveiled that the “Worldwide Non-Dairy Ice Cream market was valued USD 700 million in 2022, and will surpass a revenue collection of USD 1.9 billion by 2032 with an annual growth rate of 10.5% over 2023 to 2032.”

Besides, non-dairy ice cream boasts of several health benefits and since these are made from plant-based ingredients, the product’s popularity will also be nurtured by the increasing awareness among the general populace about natural milk products.

Overall, the non-dairy ice cream industry is segmented in terms of source, flavour, product, form, distribution channel, and region. Based on the source, the almond milk segment is slated to grow at 10.5% CAGR during 2023-2032. Almond milk is a low-calorie drink enriched with extra nutrients such as calcium, and vitamins E & D. Besides, the rising preference for a vegan diet will be a significant factor supporting segmental growth over the foreseeable future.

On the basis of flavour, the vanilla variety segment is anticipated to be valued at over USD 470 million by 2032, as vanilla is considered to be one of the most popular spices used widely in producing ice creams. In addition, rising consumer inclination towards vanilla-flavoured products owing to their creamy and delicious texture along with easy availability will also favor the overall industry outlook.

Considering the product, the artisanal product segment will register lucrative growth through 2032, owing to the rising awareness of the unfavurable health effects of processed food coupled with budding demand for organic, local ingredients.

In terms of form, the blends segment will grow considerably owing to the rising preference for ice-cream boutiques that offer do-it-yourself products to customers. Several benefits associated with such products, such as low-calorie content, suitability for lactose intolerant consumers, creaminess, and availability of various flavours, will escalate the market demand. Besides, consumers are constantly seeking products that are unique in flavour and include natural products such as fresh fruit and seeds, thus stimulating market growth.

Based on the distribution channel, the food & drink specialists segment will exhibit a 10.5% CAGR between 2023-2032, owing to changing consumer preference towards natural ingredients. In addition, the market for plant-based alternatives is one of the rapidly expanding segments in the food product development area of functional and specialty beverages, which will also contribute to the segmental expansion.

Regionally, the Europe non-dairy ice cream market is estimated to be valued over USD 340 million by 2032. The regional market growth can be attributed to the rising preference for a vegan diet along with the easy availability of products such as non-dairy frozen desserts, ice creams, and yogurt in the form of soymilk, almond milk, and coconut milk.

The Non-Dairy Ice Cream market consists of Eden Creamery LLC, Over The Moo, Dream, Swedish Glace, NadaMoo, Trader Joe’s, Van Leeuwen Artisan Ice Cream, Unilever, Danone, General Mills, The Booja-Booja Co. Central Europe Ltd., Happy Cow Limited, Tofutti Brands, Inc. & Bliss Unlimited, LLC.