About Vegan Dessert
Vegan Dessert comprises of plant based food products which concludes the meal or is often consumed in the end of the meal. The dessert is something which is sweet or cold in nature. Frozen Desserts, cakes & pastries, custards and puddings are some popular dessert foods. The growth of vegan culture which asks for avoidance of dairy based products has resulted in increasing demand for vegan dessert products which are sourced from plants and fruits. Growth of disposable income is another major factor driving the market of vegan dessert. Although slightly expensive costs of vegan desserts compared to regular desserts make act as a limiting factor for the growth of the vegan dessert market. Geographically, Asia Pacific is expected to emerge as Significant Portion of the market along with North America because of large population and high spending powers among the consumers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.1% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Vegan Dessert market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danone S.A. (France), Unilever Plc (United Kingdom), HP Hood LLC (United States), Nature’s Bakery (United States), Enjoy Life Foods (United States), Daiya Foods Inc. (Canada), Arla Foods (Denmark), Bliss Unlimited LLC (United States) and Hain Celestial Group, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Grupo Bimbo (Mexico), Haagen-Daz (United States) and Halo Top Creamery (United States).
Segmentation Overview
AMA Research has segmented the market of Global Vegan Dessert market by Type (Frozen Desserts, Cakes and Pastries, Custards and Puddings and Others) and Region.
On the basis of geography, the market of Vegan Dessert has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online {E-Commerce Stores} will boost the Vegan Dessert market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Packets/Pouches will boost the Vegan Dessert market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Fruits will boost the Vegan Dessert market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Frozen Desserts Account for the Largest Market Share
Market Growth Drivers:
Growing Culture of Veganism and Augmenting Demand for Plant Based Alternatives
Challenges:
Expensive Compared to Regular Desserts
Restraints:
Concern regarding the Taste of the Vegan Desserts
Opportunities:
Cakes and Pastries Have Largely Untapped Vegan Market
Market Leaders and their expansionary development strategies
In 2020, Baskin Robbins, a US based multinational ice cream manufacturer has announced launch of their two vegan flavours in India as the flavour of the month. The two new flavours launched include the Fresh Alponso Mango, and Mississippi Mud.
Key Target Audience
Vegan Dessert Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.