Plant based ice creams have emerged as a boon for people with lactose intolerance. In the sector of non-dairy products these ice creams are creating a huge buzz and a wide customer base. This factor and their increased consumption are estimated to be a major factor contributing to the growth of the global plant based ice creams market. Moreover, protein rich content in these ice creams makes them a much healthier option for everyone and not just lactose intolerant people, which is likely to drive the market growth during the forecast period.
The global plant based ice creams market is anticipated to project significant growth avenues in the coming years. This is attributed to surging number of lactose intolerant people across the world and rising number of vegans. In addition, the key players are also introducing new flavors and variants of these ice creams which would drive the market. The manufacturers are investing in new flavors like hemp milk, avocado puree, rice milk, and other protein extracts through plants in the form of healthy ice creams.
The global plant based ice creams market is widely categorized into product type, form, flavor, sales channel, source, and region. In terms of form, the global market is divided into singles and blends. On the basis of product type, the market is fragmented into bars, cups/tubs, cones, and others. Based on flavor, the market is segmented into nuts, beans, herbs, fruits, and others. The source segment is divided into almond milk, cashew milk, soy milk, coconut milk, and others. In terms of sales channel, the global plant based ice creams market is bifurcated into indirect sales (comprising online, franchise outlet, supermarket, & other retail stores) and indirect sales.
Geographically, the global plant based ice creams market is likely to be dominated by North America, with the US being the key manufacturer in the region during the forecast period. This is credited to the rising population of vegan people. Moreover, owing to the rising trend of these ice-creams, the market in Europe is also projected to mark growth with a significant market share. In fact, in Latin America, the plant based ice creams are available in salty and spicy flavors as well and are mostly consumed in Argentina.
The leading players in the global plant based ice creams market include Ben & Jerry’s, Bliss Unlimited, So Delicious Dairy Free, The Booja-Booja, Luv Ice Cream, Oatly, Klein’s Ice Cream, Jollyum, Little Baby’s Ice Cream, Frankie & Jo’s, Happy Cow, Tofutti Brands, Arctic Zero, Nadamoo, Hain Celestial Group, Snowflake Luxury Gelato, Wink Frozen Desserts, Imuraya Group, Nobo, and others.
To cite, recently, a UK-based ice cream venture co-owned by R&R and Nestlé , named Froneri launched a new range of herbal ice creams. The range aims to save feral cats and is named Roar; it encourages finding them a new home.