The
global Dairy-Free Ice Cream Market size is expected to
reach USD 1.2 billion by 2025, expanding at a CAGR of 14.8% in the forecast period,
according to a new report by Grand View Research, Inc. Increasing awareness
about health issues due to lactose present in the milk is propelling the demand
for vegan ice cream.
Coconut is a
major source for the production of vegan ice cream and it accounted for 37.4%
share of the overall revenue in 2018. Easy availability and increasing consumer
demand are expected to fuel the demand for coconut milk in vegan ice cream
market in the forecast period. Almond milk is the fastest growing segment among
all the sources, expanding at a CAGR of 15.8% in the forecast period.
Nutritional benefits of almond milk are the key factor responsible for the
segment growth in vegan ice cream market.
Non-dairy ice
cream is found in various flavors in the market. Chocolate is the most
preferred flavor among consumers and it accounted for 36% share of the overall
revenue in 2018. Rising demand for chocolate chips among consumers is the key
factor for the segment growth in non-dairy ice cream market.
Furthermore,
flavor preferences differ from country to country. For instance, lemon is the
most favorite flavor among consumers in Europe. Vanilla is the second most
preferred flavor in the global non-dairy ice cream market and it is expected to
expand at a CAGR of 14.4% in the forecast period.
Supermarket/hypermarket
is the most preferred channel among all, expanding at a CAGR of 15.1% in the
forecast period. The online segment is anticipated to expand at a CAGR of 16.7%
in the forecast period. Shifting consumer preferences towards online shopping
have propelled the demand for online stores in the dairy-free ice cream market.
Request
a sample copy or view summary of this report@ https://www.grandviewresearch.com/industry-analysis/dairy-free-ice-cream-market
Further
key findings from the study suggest:
- In terms of revenue, supermarket/hypermarket
distribution channel is projected to expand at a CAGR of 15.1% over the
forecast period
- Coconut is the most preferred source in the market due
to its compatibility, easy availability, and increasing consumer demand
- Almond milk is the fastest growing source for the
production due to increasing awareness about health and nutritional benefits
of almond.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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