Non-Dairy Ice Cream Market Analysis, Competitive Strategies and Forecasts to 2024
By Market Study Report  Date: 2020-08-31Product ID: 1258238

Non-Dairy Ice Cream Market Analysis, Competitive Strategies and Forecasts to 2024 New research report on Non-Dairy Ice Cream market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Non-Dairy Ice Cream market also includes an in-depth study of the industry's competitive scenario.

Increasing consumer spending on functional food and confectionary items will foster non-dairy ice cream market share. Desserts are among the most preferred dishes in numerous restaurants owing to tasteful flavors such as raspberry, chocolate salted caramel, hazelnut & rose, mint and double choc chip, thereby propelling sales growth. Also, increasing popularity of tasteful flavors including almond with a cocoa twist, coconut with a passionfruit twist flavors, and raspberry ripple boosting non-dairy ice cream industry.

Fluctuating trends towards healthy lifestyle owing to increasing awareness across North America and Europe instigating sales growth. Factors such as low calories content and high protein benefits propelling dairy-free products demand. Increasing daily milk allergies are mainly stimulating rapid commercialization of plant-based milk products strongly supporting industry share.

Shifting consumer preference towards the vegan diet is expected to propel non-dairy ice cream market. Growing lactose intolerance population resulted in an improved demand for plant-based food products. Approximately over 50 million U.S. population is affected by gastrointestinal malabsorption owing to the inability of the digestive system to breaks down lactose compound.

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Coconut milk segment is projected to witness more than 14% CAGR from 2018 to 2024. Improved usage of coconut milk owing to cost-effective benefits are fostering product landscape. It provides similar properties as compared to dairy milk especially the presence of fats components stimulating industrial usage. Coconut milk is highly compatible with several flavors that enhances textures are key benefits are propelling non-dairy ice cream market share.

Vanilla segment captured over 23% market share in 2017. Rising demand for vanilla flavor owing to its pleasant taste in conventional and non-diary ice-creams are propelling industry share. Premium segment widely uses flavors including vanilla & hazelnut chocolate flavors, bourbon vanilla extract in the products. Non-dairy ice-cream products have captured strong attention from young generation due to the availability of numerous fruitful flavor options stimulating market penetration.

Manufacturers are anticipated to enhanced nutritional value and product quality by usage of fruits, nuts, peanut butter and beans with add on flavors. Vegan milk such as coconut milk, soy milk, and almond milk are extensively used as raw material in the manufacturing of non-diary ice cream. Effective health benefits owing to the presence of nutritional elements in the products will boost market share during the forecast period.

Take home segment is expected to experience more than 13.5% CAGR up to 2024. Rapid urbanization primarily boosting product demand, especially for take-home choices. Increasing product consumption in off-premise owing to higher convenience advantages boosting revenue share. Shifting trends toward online purchase along with home delivery options by major manufacturing companies driving non-dairy ice cream market.

Singles form segment generated over USD 270 million in 2017. Rising demand for tangy flavors including strawberry, vanilla, and chocolate are primarily driving market growth. Manufacturing companies are providing attractive fruity flavors in different variants positively stimulating market penetration in several countries. Strong consumer preferences in among kids and young generation are supporting industry expansion for non-diary ice-cream.

Major Highlights from Table of contents are listed below for quick lookup into Non-Dairy Ice Cream Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Non-Dairy Ice Cream Market
  • Product trends
  • Application trends

Chapter 3. Non-Dairy Ice Cream Industry Insights

  • Non-Dairy Ice Cream Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Non-Dairy Ice Cream industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Non-Dairy Ice Cream Market Technology & innovation landscape
  • Industry impact forces
  • Non-Dairy Ice Cream Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Non-Dairy Ice Cream Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Non-Dairy Ice Cream Market
  • SWOT Analysis

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