Non Dairy Ice Cream Market Share, Growth, Opportunities 2030

Report Description

The global non-dairy ice cream market size is anticipated to expand at a CAGR of 13.5% and is projected to reach USD 1,578.5 million during the forecast period, between 2021 and 2028. Rising demand from health-conscious consumers and increasing per capita income are propelling the global non-dairy ice cream market.

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Non-dairy ice cream is ice cream containing no milk or made with low-fat or skim milk. Non-dairy ice cream is made from milk substitutes like soy milk, almond milk, coconut milk, etc. The non-dairy ice cream consists of cocoa butter and guar gum. The cocoa butter and guar gum are made of guar beans act as a thickening agent and help in preventing ice crystals from forming. No-dairy ice cream contains high content of vitamins, carbohydrates, lipids, casein, and albumin that offer significant health benefits to the consumers. The non-dairy ice creams provide benefits to human health such as clearing skin and reducing bloating.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing consumer awareness about the benefits of non-dairy ice cream and nutrient intake levels are boosting the market. 
• Rising incidences of lactose intolerance, heart disease, type 2 diabetes, Alzheimer's disease, and other milk-related health issues are driving the market. 
• Growing demand for plant-based milk production, consumers are shifting towards veganism, and the rise in flexitarian population in developed and developing countries are fueling the market.
• High costs and different taste & texture associated with non-dairy ice cream is hindering the market.
• Lack of nutritional content in non-dairy ice cream and high consumption of almond milk leads to bloating and discomfort is hampering the market. 
• Increasing product innovation by adding blended flavors and enhancing ice cream tastes are creating opportunities in the market. 
• Rising environmental concern and growing consciousness towards animal welfare programs are creating opportunities in the market.

Scope of the report:

The report on the global non-dairy ice cream market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Non-Dairy Ice Cream Market Segment Insights:

Impulsive segment to grow during the anticipated period

In terms of products, the global non-dairy ice cream market is segmented into impulse, artisanal, and take-home. The take-home segment is constituted a significant market share in 2020 and is projected to grow in the near future. The growth in the impulsive segment is attributed to the increasing penetration of chocolate flavors and the rising trend of impulse buying of goods among consumers. These factors help the segment to grow in the forecast time period. 

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Coconut milk segment estimated to grow in the near future

Based on sources, the global non-dairy ice cream market is categorized as coconut milk, almond milk, cashew milk, soy milk, and others. The Coconut milk segment is expected to hold a significant share of the market during the forecast period, due to the wide-scale availability of coconut milk at low costs. Coconut milk is easily processed, compatible, and commonly used as an ideal alternative to dairy milk. Increasing demand for coconut milk among consumers owing to the high amount of saturated fat content, its creamy texture, and high compatibility with several flavors. Moreover, coconut milk offers several health benefits to the consumers such as helping weight management, increasing good HDL cholesterol in the body, and protecting from cardiovascular diseases. 

Chocolate segment is likely hold a substantial market share in the coming years

On the basis of flavors, the global non-dairy ice cream market is divided into vanilla, chocolate, butter pecan, strawberry, Neapolitan, cookies and cream, mint choco chips, caramel, and others. The chocolate segment constituted a significant market share and is projected to expand at a rapid rate during the forecast period, due to the shifting consumer’s preference for choco is fueling the product demand. The growth of the chocolate segment is attributed to the development in cocoa and the introduction of new innovative flavors. The development of coca into dark chocolate assists in the prevention of cardiac-related diseases. Additionally, cocoa is also used to add texture to ice cream, which is expected to support the growth of the segment during the forecast period.

Singles segment to grow at a significant pace in the near future

Based on forms, the global non-dairy ice cream market is fragmented into singles and blends. The singles segment is projected to expand at a significant CAGR during the forecast period. The growth in the singles segment is attributed to the strong presence of plain chocolate and vanilla flavors demand among consumers. Moreover, high preference for various single fruit flavors including mango, orange, and strawberry with add-on chips among millennials across the globe, which aid in the growth of the singles segment.  

Offline segment is likely hold a substantial market share in the coming years

On the basis of distribution channels, the global non-dairy ice cream market is segregated into online and offline. The offline segment is sub-segmented into specialty stores, supermarkets and hypermarkets, restaurants & cafes, departmental stores, and others. The offline segment constituted a significant market share and is projected to expand at a rapid rate during the forecast period, due to the easy availability of a wide variety of ice at attractive discount offers. The growth of the offline segment is attributed to the expansion of e-commerce platforms across the globe. Moreover, the continuous growth in the supermarkets and hypermarkets in developing countries like India, China, and Japan, will attract new customers into the market.

Europe dominates the global market

In terms of regions, the global non-dairy ice cream market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe constituted a significant share of the market in 2020, due to the growing trend for veganism and shifting consumer preferences towards the adoption of healthy lifestyles. A high preference for clean labels and organic & GMO certified products among consumers is boosting the demand. The market in Germany and UK excite product development and launch of new innovative flavor is driving the market. The growing incidences of lactose tolerance and nutrition deficiency among consumers increase product penetration in the region. Additionally, a rise in the consumer willingness to pay premium prices for nutritious and healthy products is anticipated to boost the market in Europe.

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