Plant Based Ice Creams Market Scope
Plant-based ice creams are made from plant-based ingredients such as soy milk, coconut milk, cashew milk, almond milk, and others. Plant-based ice creams, also known as vegan ice creams, promote effortless weight loss, minimize sinus issues, reduce risk of cardiac diseases, and enhances skin texture. Plant-based ice creams are available in different flavors such as chocolates, orange, caramel, coconut, strawberry, and others.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Plant Based Ice Creams market throughout the predicted period.
Hain Celestial Group (United States), Creamy Coconuts LLC (United States), Bliss Unlimited (United States), Ben & Jerry's (United States), White Wave Foods Company (United States), KLEINS ICE CREAM (United States), Wink Frozen Desserts (United States), BOOJA-BOOJA (United Kingdom), Unilever (Breyers) (United Kingdom), Virtuous Ice Cream (United States), CHLOE (United States) and Swedish Glace (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Plant Based Ice Creams market and Region with country level break-up.
On the basis of geography, the market of Plant Based Ice Creams 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).
Market Leaders and their expansionary development strategies
On 12 Feb 2019, Unilever’s Magnum launched its first ever vegan ice cream made available in New Zealand, marketed as the Magnum Dairy Free. The ice cream is made from pea proteins, hence it is considered to be as plant-based ice cream.
On 16 July 2020, HumanCo, a mission-driven holding company focused on healthier living and sustainability, announced the acquisition of a majority stake in organic, plant-based ice cream company Coconut Bliss. The companies will work together with the goal of growing the Oregon-based ice cream producer into a globally recognized brand.
Market Trend
- Manufacturers are Introducing Innovative Take Away Cups and Tubs
Market Drivers
- The Rising Demand from Vegan Based Foods
- Increase in Consumer Preference for Flexitarian Diet Has Driven Growth of the Market for Plant-Based Ice Creams
- The Rising Population with Lactose Intolerant
Opportunities
- Increase in Demand for Plant-Based Confectioneries is expected to Open Lucrative Opportunities during the Projected Period
- Emerging Demand from Developing Countries
Restraints
- High Processing Costs Acts as a Major Restraint for the Market
Key Target Audience
Plant Based Ice Creams Manufacturer, Plant Based Ice Creams Raw Material Suppliers, Plant Based Ice Creams Traders/Distributors, Regulatory & Government Bodies, End Users and Others