Plant-based Ice Creams Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities

Key Insights

The size of the Plant-based Ice Creams Market market was valued at USD 665.7 Million in 2023 and is projected to reach USD 912.01 Million by 2032, with an expected CAGR of 4.6% during the forecast period. The plant-based ice creams market is experiencing growth because of the demand for dairy-free, vegan, and healthier dessert alternatives. Typically made from plant-based ingredients like almond, coconut, soy, cashew, and oat milks, they provide a wide range of flavors and textures without dairy or animal products. The rising awareness of the health benefits of plant-based diets, including lower cholesterol, better digestion, and reduced environmental impact, has contributed to the growing popularity of plant-based ice creams among health-conscious consumers, those with lactose intolerance, or individuals following vegan and dairy-free lifestyles. In addition, plant-based ice creams have become more acceptable in taste and texture with innovations in flavoring and improved formulation, thereby widely being adopted across mainstream markets. The market is further boosted by the rising availability of these products in supermarkets, health food stores, and online platforms. It can be seen that leading players like Ben & Jerry's, Häagen-Dazs, So Delicious, and Oatly are making efforts to launch an array of plant-based ice cream products. Along with the surging sustainability and clean-label trends, the market for plant-based ice cream will continue to boom in the following years.

Plant-based Ice Creams Market Concentration & Characteristics

The Plant-based Ice Creams Market is highly concentrated with a few major players dominating the market. The top players in the market include Ben & Jerry's Homemade, Inc., Bliss Unlimited, LLC, LUV Ice Cream LLC, SO DELICIOUS DAIRY FREE, Oatly AB, Jollyum Co., The Booja-Booja Co., Little baby's Ice cream, Klein's Ice Cream Inc., Frankie & Jo's, Happy Cow ltd., Tofutti Brands Inc, Luna & Larry's Coconut Bliss, Häagen-Dazs, and Alpro. These companies have a strong brand presence, extensive distribution networks, and a wide range of plant-based ice cream products to cater to the diverse needs of consumers.

Plant-based Ice Creams Market Trends

The Plant-based Ice Creams Market is witnessing several key trends that are shaping its growth trajectory. The growing demand for plant-based alternatives to traditional dairy products is a major trend that is driving the market. Consumers are increasingly seeking plant-based options that are healthier, more sustainable, and offer a similar taste and texture to traditional dairy ice cream.

Another key trend is the rising popularity of vegan ice cream. Vegan ice cream is made without any animal-derived ingredients, making it a suitable option for vegans, lactose-intolerant individuals, and those with dairy allergies. The growing awareness of the health benefits of vegan diets is contributing to the increasing demand for vegan ice cream.

Key Region or Country & Segment to Dominate the Market

North America is the largest market for plant-based ice creams, followed by Europe and Asia Pacific. The United States is the largest market in North America, and it is expected to continue to dominate the region during the forecast period. The growing health consciousness and the rising vegan population in the United States are contributing to the growth of the plant-based ice cream market in the country.

In terms of product segment, the blends segment is expected to dominate the market during the forecast period. Blends are mixtures of two or more different flavors of ice cream, and they are popular among consumers who enjoy a variety of flavors in a single serving. The singles segment is also expected to grow at a significant rate during the forecast period, as consumers are increasingly opting for single-flavor ice creams that are made with high-quality ingredients.

Plant-based Ice Creams Market Product Insights Report Coverage & Deliverables

The Plant-based Ice Creams Market Product Insights Report Coverage & Deliverables provides a comprehensive analysis of the market, including market size, market share, and growth rate. The report also provides detailed insights into the key market segments, product trends, and competitive landscape. The report deliverables include:

• Market overview and dynamics
• Market size, market share, and growth rate
• Key market segments and trends
• Competitive landscape and company profiles
• Future market outlook

Plant-based Ice Creams Market Analysis

The Plant-based Ice Creams Market is expected to grow at a CAGR of 4.6% during the forecast period 2023-2030. The key factors driving the growth of the market include the rising demand for plant-based alternatives to traditional dairy products, the growing health consciousness among consumers, and the increasing availability of plant-based ice cream options in the market.

Plant-based Ice Creams Market Regional Insights

• North America
  • United States
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • United Arab Emirates
  • South Africa
  • Saudi Arabia

Driving Forces: What's Propelling the Plant-based Ice Creams Market

The key factors driving the growth of the Plant-based Ice Creams Market include:

• Rising demand for plant-based alternatives to traditional dairy products: Consumers are increasingly seeking plant-based alternatives to traditional dairy products due to concerns about animal welfare, environmental sustainability, and health. Plant-based ice creams are a delicious and nutritious alternative to traditional dairy ice cream, and they offer a similar taste and texture.
• Growing health consciousness among consumers: Consumers are becoming increasingly health-conscious and are seeking healthier food options. Plant-based ice creams are a healthier alternative to traditional dairy ice cream, as they are typically lower in calories, fat, and cholesterol.
• Increasing availability of plant-based ice cream options in the market: The number of plant-based ice cream options available in the market has increased significantly in recent years. This is due to the growing demand for plant-based products and the efforts of food manufacturers to meet the needs of consumers.

Challenges and Restraints in Plant-based Ice Creams Market

The key challenges and restraints in the Plant-based Ice Creams Market include:

• High cost of plant-based ingredients: Plant-based ingredients are typically more expensive than traditional dairy ingredients. This can make plant-based ice creams more expensive than traditional dairy ice creams.
• Limited availability of plant-based ice cream options: The availability of plant-based ice cream options is still limited, especially in smaller markets. This can make it difficult for consumers to find plant-based ice cream flavors that they enjoy.

Emerging Trends in Plant-based Ice Creams Market

The key emerging trends in the Plant-based Ice Creams Market include:

• The use of plant-based milk alternatives: Plant-based milk alternatives, such as almond milk, soy milk, and cashew milk, are increasingly being used in plant-based ice creams. These milk alternatives provide a creamy texture and a rich flavor to plant-based ice creams.
• The use of innovative flavor combinations: Food manufacturers are experimenting with new and innovative flavor combinations in plant-based ice creams. This includes flavors such as matcha green tea, avocado, and black sesame.
• The use of sustainable packaging: Food manufacturers are increasingly using sustainable packaging for plant-based ice cream

Key Players of Plant-based Ice Creams Market

• Ben & Jerry's Homemade, Inc.
• Bliss Unlimited, LLC
• LUV Ice Cream LLC
• SO DELICIOUS DAIRY FREE
• Oatly AB
• Jollyum Co.
• The Booja-Booja Co.
• Little Baby's Ice Cream
• Klein's Ice Cream Inc.
• Frankie & Jo's
• Happy Cow ltd.
• Tofutti Brands Inc
• Luna & Larry's Coconut Bliss
• Häagen-Dazs
• Alpro

Plant-based Ice Creams Market Segmentation

• 1. Form
  • 1.1. Blends
  • 1.2. Singles
• 2. Flavor
  • 2.1. Beans
  • 2.2. Nuts
  • 2.3. Fruits
  • 2.4. Herbs
  • 2.5. Others
• 3. Packaging Type
  • 3.1. Tubs
  • 3.2. Cones
  • 3.3. Bars
  • 3.4. Others
• 4. Source
  • 4.1. Coconut Milk
  • 4.2. Soy Milk
  • 4.3. Almond Milk
  • 4.4. Cashew Milk
  • 4.5. Others
• 5. Distribution Channel
  • 5.1. Supermarkets and Hypermarkets
  • 5.2. Convenience stores
  • 5.3. Specialty stores
  • 5.4. Online retail
  • 5.5. Others

Plant-based Ice Creams Market Segmentation By Geography

• 1. North America
  • 1.1. U.S.
  • 1.2. Canada
• 2. Europe
  • 2.1. UK
  • 2.2. Germany
  • 2.3. France
  • 2.4. Italy
  • 2.5. Spain
  • 2.6. Russia
• 3. Asia Pacific
  • 3.1. China
  • 3.2. Japan
  • 3.3. India
  • 3.4. South Korea
  • 3.5. ANZ
  • 3.6. Southeast Asia
• 4. Latin America
  • 4.1. Brazil
  • 4.2. Mexico
  • 4.3. Argentina
• 5. Middle East & Africa
  • 5.1. UAE
  • 5.2. South Africa
  • 5.3. Saudi Arabia