Increasing Urbanization, Veganism, and Focus on Cruelty-Free Foods to Bolster the Global Vegan Ice Cream Market

Global vegan ice cream is estimated to record a substantial CAGR of 8.5% during the forecast period (2020-2026). The global vegan ice cream is on an all-time high as the global vegan population has continued to increase. The past few years have witnessed a skyrocketing increase in the shelves of supermarkets/hypermarkets with vegan ice cream. More and more convenience store chains are seeking to tap into the area of vegan ice cream through business-to-business e-commerce with an increasing digital wholesale marketplace. The boom of urbanization has played a significant role in the acceleration of the vegan ice cream market. As projected by the UN (United Nations), around 68% of the global population is expected to live in urban areas against 55% in 2018, which would increase the exposure of veganism. Increasing urbanization is one of the key factors that foretell the potential of the global vegan ice cream market.   

Browse the full report description of "Global Vegan Ice Cream Market Size, Share & Trends Analysis Report by Source (Almond Milk, Cashew Milk, Coconut Milk, Soy Milk, and Others (Oat Milk, Rice Milk)), by Flavor (Caramel, Chocolate, Coconut, Coffee, Fruit, Vanilla, and Others), and by Distribution Channel (Convenience Stores, Supermarkets/Hypermarkets, and Online Stores) Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/vegan-ice-cream-market

According to Orion’s estimation, the vegan ice cream market is expected to witness record-breaking growth in not only the developing nations but in developed countries as well, in the coming years. The industry is anticipated to be one of the fastest-growing in the overall food and beverage sector. Customers are increasingly asking for non-dairy, healthy food products that set the tone for the vegan ice cream market, globally.

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Product and Distribution Channel
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- Unilever Group, Danone S.A., Wells Enterprises, Inc., General Mills, Inc., and NADAMOO! (Little Red Rooster Ice Cream Company).

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Vegan Ice Cream Market Report Segment

By Source

• Almond Milk
• Cashew Milk
• Coconut Milk
• Soy Milk
• Others (Oat Milk, Rice Milk)

By Flavor

• Caramel
• Chocolate
• Coconut
• Coffee
• Fruit
• Vanilla
• Others

By Distribution Channel

• Convenience Stores
• Supermarkets/Hypermarkets
• Online Stores

Global Vegan Ice Cream Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe 

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific 

Rest of the World

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