The global dairy-free ice creams market size is projected to gain substantial growth in the forthcoming years. The growing vegan trend and the expanding admiration of dairy-free products amongst consumers are likely to fuel market growth. Fortune Business Insights™ has presented this information in an upcoming report titled, “Dairy-Free Ice Creams Market, 2022-2029”.
Dairy-free ice creams possess less fat content but have high protein content when compared to conventional dairy ice creams. The growing vegan population and the expanding inclination of consumers towards healthy eating habits are anticipated to boost the market growth in the upcoming years.
The dairy-free ice creams market has witnessed a negative impact of the global pandemic. Ice creams have been avoided during the pandemic because of the myths and fears of catching a cold or cough on its consumption. The lack of government support to boost the sector has impeded market growth. Additionally, the reduced production due to lockdown and curfews has affected the market. The demand and consumption of dairy-free ice creams have declined significantly during the pandemic. However, the global economies are ramping up their vaccination drives, and the market is expected to witness a growth spurt post-pandemic.
Fortune Business Insights™ lists out all the dairy-free ice creams market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
Tofutti Brands Inc.
Booja Booja Company Ltd.
Bliss Unlimited LLC
Little Red Rooster Ice Cream Company
Drivers & Restraints-
Prevalence of Lactose Intolerance to Fuel Market Growth
The growing vegan population and the consumer’s shift towards dairy-free and animal cruelty-free products are anticipated to bolster the global dairy-free ice creams market growth. The increasing prevalence of lactose intolerance amongst adults and children is anticipated to propel market growth. Similarly, the expanding prevalence of the Celiac disease is likely to boost the market growth in the upcoming years.
The health consciousness amongst the consumers has increased in the past years. The dairy-free ice creams are rich in protein and contain less fat contents. These attributes are expected to boost the market growth.
The launch of dairy-free products by key manufacturers due to rising product demand is projected to fuel the market growth in the forthcoming years. Recently, two new flavors of dairy-free ice creams were launched by Morrisons supermarket in March 2020. The new flavors called chocolate brownie and salted caramel swirl are produced using coconut milk.
However, the high prices of dairy-free ice creams are likely to impede the market growth.
North America to Emerge as Global Leader
North America is anticipated to emerge as the leader in the global dairy-free ice creams market share. The rising prevalence of lactose intolerance and the growing health consciousness amongst consumers are anticipated to fuel the market growth. The growing vegan population and the shifting consumer inclination towards consuming dairy-free products are expected to boost the market growth. Additionally, the improvements in taste through continuous product innovation are expected to fuel market growth.
Asia Pacific is projected to witness substantial growth in the global market. The increasing per capita income and rapid urbanization are expected to boost market growth. Additionally, the expanding population in emerging countries like India, China, South Korea and the rising health consciousness amongst them are anticipated to augment market growth in the forthcoming years.
Europe is expected to witness exponential growth in the forthcoming years. The growing adoption and consumption of plant-based milk products are expected to boost the market growth.
On the basis of source, the market segments into soy milk, almond milk, coconut milk, etc. On the basis of distribution channels, the market divides into online retail, specialty stores, convenience stores, and supermarkets/hypermarkets. Geographically, the market is classified into North America, South America, Europe, Asia Pacific, and the Middle East & Africa.
The global dairy-free ice creams market experiences stiff competition due to the presence of key players operating at domestic and international levels. The key players majorly focus on organic growth strategies such as new product launches, product innovations, patents, etc. For instance, a unique flavor, ‘chocolate brownie,’ was launched by Jude’s for its dairy-free ice cream range in March 2020.
The Global Dairy-free Ice Creams Market Research/Analysis Report Contains Answers to your following Questions:
Which Manufacturing Technology is used for Dairy-free Ice Creams ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Dairy-free Ice Creams Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was Global Market Status of Dairy-free Ice Creams Market? What Was Capacity, Production Value, Cost and PROFIT of Dairy-free Ice Creams Market?
What Is Current Market Status of Dairy-free Ice Creams Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Dairy-free Ice Creams Market Trends by Taking Applications and Types in Consideration?
What Are Projections of Global Dairy-free Ice Creams Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
What Is Dairy-free Ice Creams Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Dairy-free Ice Creams Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Dairy-free Ice Creams Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Dairy-free Ice Creams Industry?
March 2020: A new salted caramel flavor for the vegan Magnum ice cream range was launched by Unilever. The product is produced using pea protein base, cocoa beans, and coconut oil.
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