Rising Prevalence of Lactose-Intolerance Population and Increasing Popularity of Organic Products Fuels the Market Growth
Furthermore, notable trends in the plant-based industry, with the growing popularity of organic milk, organic ice cream has gained popularity, resulting in expanding innovation for the production of new flavour alternatives in plant-based ice cream by market players and consumers are accessing these through a variety of sales channels and driving the growth of the market. For instance, in March 2023, Planet Food Global launched hemp-based organic vegan ice cream, made with organic hemp milk and plant-based ingredients, these are allergen-free desert, free from soy, gluten, dairy and GMO ingredients, available in butter pea cans, chocolate, coffee chips and vanilla flavour.
Increasing Innovation and Product Diversity in Food Technology Fuels the Market Growth
Furthermore, advances in food technology in the production of plant-based ice cream and to cater diverse consumer base appealing to those seeking both traditional and novel taste experiences in plant-based ice cream category expands the market leading to introduction of novel products by market players. For instance, in June 2023, Out of This World launched new vegan ice cream, made from solein, a microbial protein made by Finnish Firm Solar Foods, in conjunction with scientists at European space agency, labelling as most sustainable protein as it doesn’t use any animal products as well as photosynthetic plants.
Recent Trends in the Plant-Based Icecream Market Industry:
- Increasing demand for dairy-free products due to increasing lactose-intolerance population
- Increasing demand for keto, gluten free products
- Rising demand for rich flavours with creative topping
- Growing demand for low sugar and less processed ingredients
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Complication in Product Formulation and Rising Health Concern Hampers the Market Growth
Furthermore, rising health issues cases due to increasing contaminations in ice cream is impacting the market growth leading to hampering distribution channel and less selling. For instance, in June 2024, multiple product recalls has registered against different brands of ice cream, such as from Owings Mills, Cool Totally, Inc., Maryland due to the risk of contaminated with Listeria monocytogenes. This bacterium is capable of causing severe lethal illness in elders and children and those with compromised immune systems. While healthy people might only experience mild symptoms like a high fever, intense headache, muscle stiffness, nausea, stomach cramps, and diarrhea, and can result in miscarriages in pregnant women.
Shifting Consumers Flavour Preference in Dairy-Free Frozen Dessert Led to Rise in Market Growth
Additionally, increasing consumption of fruit bars, keto ice creams, and non-dairy products has driven the market growth, to fulfil the growing demand of consumers manufacturers are introducing new novel plant-based ice cream ranges and expanding the market growth. For instance, in June 2022, Wildgood launched caramelised fig-based ice cream first non-dairy frozen dessert made from extra virgin oil, Mediterranean-inspired featured with rich and scrumptious fig jam, balanced with brown sugar that creates an irresistible combination, available in flavours such as mango, pistachio, chocolate hazelnut, coffee and more.
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Growing Lactose-Intolerance Population in Asia-Pacific Is Expanding Market Growth
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Plant Based Ice-cream Market Research Report Covers In-depth Analysis on:
- Plant-based ice cream market detailed segments and segment-wise market breakdown
- Plant-based ice cream market dynamics (recent industry trends, drivers, restraints, growth potential, opportunities in plant-based ice cream market industry)
- Current, historical and forthcoming 10 years market valuation in terms of plant-based ice cream market size (us$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Plant-based ice cream market demand analysis
- Plant-based ice cream market pricing analysis over forecast period (by key segment and by region)
- Plant-based ice cream market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in plant-based ice cream market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in plant-based ice cream market
- Plant-based ice cream market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on plant-based ice cream market forecast by countries
- Mergers and acquisitions in plant-based ice cream market
- Essential information to enhance market position
- Robust research methodology