Arunachal Pradesh Headlines

Dairy-Free Ice Cream Market Expected To $1.2 Billion Revenue Boom By 2025: Grand View Research Inc.

 Breaking News
  • No posts were found

Dairy-Free Ice Cream Market Expected To $1.2 Billion Revenue Boom By 2025: Grand View Research Inc.

September 27
10:34 2019
Dairy-Free Ice Cream Market Expected To $1.2 Billion Revenue Boom By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Increasing awareness about health issues due to lactose present in the milk is propelling the demand for vegan ice cream.

According to a report,”Dairy-Free Ice Cream Market Size, Share & Trends Analysis Report, By Source, By Flavor (Chocolate, Vanilla), By Distribution Channel (Supermarket/Hypermarket, Online), And Segment Forecasts, 2019 – 2025″, published by Grand View Research, Inc., the global dairy-free ice cream market size is expected to reach USD 1.2 billion by 2025, expanding at a CAGR of 14.8% in the forecast period. Increasing awareness about health issues due to lactose present in the milk is propelling the demand for vegan ice cream.

Coconut is a major source for the production of vegan ice cream and it accounted for 37.4% share of the overall revenue in 2018. Easy availability and increasing consumer demand are expected to fuel the demand for coconut milk in vegan ice cream market in the forecast period. Almond milk is the fastest growing segment among all the sources, expanding at a CAGR of 15.8% in the forecast period. Nutritional benefits of almond milk are the key factor responsible for the segment growth in vegan ice cream market.

Key Takeaways from the report:

  • In terms of revenue, supermarket/hypermarket distribution channel is projected to expand at a CAGR of 15.1% over the forecast period

  • Coconut is the most preferred source in the market due to its compatibility, easy availability, and increasing consumer demand

  • Almond milk is the fastest growing source for the production due to increasing awareness about health and nutritional benefits of almond.

Global Dairy-Free Ice Cream market size, by flavor, 2015 - 2025 (USD Million)

Browse More Reports in Consumer Goods Industry:

  • Drinkware MarketThe market is driven by factors, such as significant product demand from the hospitality and food service industry and increasing beverage consumption. In addition, initiatives by major companies to introduce innovative, designer products made of eco-friendly materials will boost the market growth.
  • Home Water Filtration Unit MarketIn recent years, the market has gained immense traction as a result of changing lifestyle, especially in urban areas. Scarcity of drinking water has obligated the domestic authorities to provide the population with an adequate supply of the same. Taking advantage of this opportunity, companies such as Eureka Forbes and Aquaguard have emerged as the market leaders in the domestic segment.

Global Dairy-Free ice cream market share, by region, 2018 (%)

Non-dairy ice cream is found in various flavors in the market. Chocolate is the most preferred flavor among consumers and it accounted for 36% share of the overall revenue in 2018. Rising demand for chocolate chips among consumers is the key factor for the segment growth in non-dairy ice cream market.

Furthermore, flavor preferences differ from country to country. For instance, lemon is the most favorite flavor among consumers in Europe. Vanilla is the second most preferred flavor in the global non-dairy ice cream market and it is expected to expand at a CAGR of 14.4% in the forecast period.

Supermarket/hypermarket is the most preferred channel among all, expanding at a CAGR of 15.1% in the forecast period. The online segment is anticipated to expand at a CAGR of 16.7% in the forecast period. Shifting consumer preferences towards online shopping have propelled the demand for online stores in the dairy-free ice cream market.

Grand View Research has segmented the global Dairy-Free ice cream market on the basis of source, flavor, distribution channel, and region:

Dairy-Free Ice Cream Source Outlook (Revenue, USD Million, 2015 – 2025)

  • Coconut

  • Almond

  • Soy

Dairy-Free Ice Cream Flavor Outlook (Revenue, USD Million, 2015 – 2025)

  • Chocolate

  • Vanilla

  • Strawberry

Dairy-Free Ice Cream Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Supermarket/Hypermarket

  • Convenience Stores

  • Online

Dairy-Free Ice Cream Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • Rest of the World

    • Brazil

    • Argentina

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/dairy-free-ice-cream-market

Related Articles