28-Aug-2019: 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, according to a new
report by Grand View Research, Inc. 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.
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.
In
depth research report on Dairy-Free Ice Cream Market
Further key findings from the study suggest:
·
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.
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
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About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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