Global Plant-Based Ice Creams Market was valued at US$ 1.7Bn in 2019 and is expected to reach US$ 3.4Bn by 2026 at a CAGR of 9.5%.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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The plant-based ice creams market is anticipated to witness lucrative growth prospects and opportunities in the upcoming years, due to the growing number of lactose-intolerant individuals and increasing rates of veganism. These major two aspects are likely to lead to the dynamic development of the plant-based ice creams market globally, particularly in developed nations.
The demand is estimated to get a robust impetus from the rising focus on healthy variants of ice creams. Constant innovations in products are also expected to fuel the swift expansion of the plant-based ice cream market globally. The rising accessibility of plant-based ice creams in convenience stores has been imparting a robust impetus to the consumption of plant-based ice creams.
Cups/tubs is a fast-growing segment by packaging shape as cups/tubs are easy to handle and are available in different sizes. Cups/tubs also help raise the shelf life of ice creams. North America has witnessed major growth in the plant-based ice cream market, as manufacturing companies are marketing their products in different types, for instance, ice cream bars, ice cream cones, and cups/tubs in the form of quartz (946 gm) & pints (473 gm) that are gaining adoption among consumers.
Bend plant segment is leading the plant-based ice cream market. Global demand for plant-based ice cream in single plant form will be slightly lower than that of blends as the latter form of plant-based ice-cream will dominate with a global revenue share of 50% and above.
Region-wise, the Asia-pacific region accounts for the largest share and is also anticipated to witness the highest CAGR in the upcoming years owing to an increase in the population who are lactose intolerant. The customers are shifting their preferences towards almond-based ice- cream as it consists of high nutritional values and tastes better than soy milk ice-cream. The demand for lactose-free ice-cream is increasing in U.S., UK, and Germany is expected to rise in the future.
The global plant-based ice cream market report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.
Key players operating in the global plant-based ice cream market, BEN & JERRY’S HOMEMADE, INC.,
Bliss Unlimited, LLC, LUV Ice Cream LLC, SO DELICIOUS DAIRY FREE (Danone), Oatly AB, Jollyum Co.
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Global Plant-Based Ice Creams Market, by Ingredient
• Single Plant
• Blend Plant
Global Plant-Based Ice Creams Market, by Packaging Shape
Global Plant-Based Ice Creams Market, by Flavour
Global Plant-Based Ice Creams Market, by Sales Channel
• Direct Sales
• Franchisee Outlet
Global Plant-Based Ice Creams Market, by Region
• North America
• Middle East and Africa
• South America
Key Players Operating in the Global Plant-Based Ice Creams Market
• BEN & JERRY’S HOMEMADE, INC.
• Bliss Unlimited, LLC
• LUV Ice Cream LLC
• SO DELICIOUS DAIRY FREE (Danone)
• 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.
• Breyers (Unilever Plc.)
• Dream ( Hain Celestial Group)
• ARCTIC ZERO, Inc.
• Snowflake Luxury Gelato
• Wink Frozen Desserts
• Nobo ltd.
• Imuraya Group Co. Ltd.
This Report Is Submitted By : Maximize Market Research Company
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