2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Major Innovations Are Driving the Accelerated Growth of the Vegan Ice Cream Market?

The growth in health awareness is expected to propel the growth of the vegan ice cream market. Health awareness is rising due to concerns over obesity, smoking, mental health, and infectious diseases. Vegan ice cream offers a healthier, dairy-free alternative, appealing to individuals focused on their dietary choices. For example, in May 2022, an online survey by the International Food Information Council found that 52% of Americans followed a specific diet, a rise from 39% in 2021. Therefore, the growth in health awareness is driving the development of the vegan ice cream market.

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#How Does the ProjectedVegan Ice Cream Market Growth Compare Over the Forecast Period?

The vegan ice cream market size will increase from $0.72 billion in 2024 to $0.78 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The historical growth is attributed to changing demographics, cultural diversity, dietary preferences, celebrity endorsements, influencers, and inclusion on restaurant and dessert menus.

The vegan ice cream market is expected to grow to $1.07 billion by 2029, at a CAGR of 8.2%. This growth is driven by government regulations, price competitiveness, allergen-free options, and flavor innovation. Trends include ingredient innovation, collaborations, premiumization, functional ingredients, and innovative packaging.

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What Are the Most Significant Market Trends Transforming theVegan Ice Cream Market?

Companies in the vegan ice cream market are prioritizing innovative products like sorbet centers to expand their portfolios. A sorbet center is a fruit-based filling surrounded by creamy ice cream. In February 2024, Magnum, a Unilever PLC brand, launched vegan blueberry cookie ice cream with a sorbet center. This product features a vegan vanilla biscuit-flavored ice cream coated in vegan chocolate with a blueberry sorbet core, catering to vegan diets.

What Are the Top Market Players Propelling the Growth of theVegan Ice Cream Industry?

Major companies operating in the vegan ice cream market are Nestlé S.A., McDonald’s Corporation, The Hain Celestial Group Inc., Wells Enterprises, Ben & Jerry’s Homemade Holdings Inc., Oatly Group AB, Jeni’s Splendid Ice Creams, Perfect Day Inc., Perry’s Ice Cream, Van Leeuwen Ice Cream, Tofutti Brands Inc., So Delicious Dairy Free, Coolhaus, Happy Cow Limited, NadaMoo, Bliss Unlimited LLC, Booja-Booja Company Ltd., Over The Moo, Frankie & Jo’s LLC, Three Twins Organic Inc., Oat & Mill, McConnell’s Fine Ice Creams

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Which Primary Segments of the Vegan Ice Cream Market Are Driving Growth and Industry Transformations?

The vegan ice cream market covered in this report is segmented –

1) By Source: Coconut Milk, Almond Milk, Cashew Milk, Soy Milk

2) By Product: Impulse, Artisanal, Take Home

3) By Form: Singles, Blends

4) By Flavor: Vanilla, Chocolate, Butter Pecan, Strawberry, Neapolitan, Cookies And Cream, Mint Chocolate Chip, Caramel

5) By Distribution Channel: Supermarkets, Convenience Stores, Food And Drink Specialists, Restaurants, Online Stores

Subsegments:

1) By Coconut Milk: Full-Fat Coconut Milk, Light Coconut Milk, Coconut Cream

2) By Almond Milk: Sweetened Almond Milk, Unsweetened Almond Milk, Flavored Almond Milk

3) By Cashew Milk: Sweetened Cashew Milk, Unsweetened Cashew Milk, Flavored Cashew Milk

4) By Soy Milk: Organic Soy Milk, Non-Organic Soy Milk, Flavored Soy Milk

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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Vegan Ice Cream Market?# Market?

North America was the largest region in the vegan ice cream market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the vegan ice cream market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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