Global Vegan Ice Cream Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Source;

Coconut Milk, Soy Milk, Almond Milk, and Cashew milk.

By Flavor;

Caramel, Chocolate , Coconut, Coffee, Vanilla, and Fruit.

By Distribution Channel;

Supermarket/Hypermarket, Convenience Stores, Online, and Education.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn842798320 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Vegan Ice Cream Market (USD Million), 2021 - 2031

In the year 2024, the Global Vegan Ice Cream Market was valued at USD 756.20 million. The size of this market is expected to increase to USD 1,287.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.9%.

The growth of the vegan ice cream market is fueled by an increasing number of consumers adopting vegan and diet-conscious lifestyles worldwide. Rising concerns over lactose intolerance, caused by a deficiency in the intestinal enzyme lactase, further drive demand for dairy-free and vegan food products. Vegan ice cream has gained popularity in both mature and emerging markets due to a growing population allergic to dairy products. Additionally, heightened health awareness and higher disposable incomes have boosted market growth.

Market expansion is also propelled by the introduction of healthy ingredients by key players such as Wells Enterprises, Inc., NadaMoo!, Booja, Happy Cow Limited, Over The Moo, and Swedish Glace. Despite these positive factors, challenges such as fluctuating prices of raw materials and high costs associated with extracting plant-based milks hinder market growth.

However, the increasing demand for dairy-free products among the vegan population and the introduction of new flavors and varieties of vegan ice cream present promising opportunities for market expansion. These factors indicate a positive trajectory for the global vegan ice cream market, driven by evolving consumer preferences and innovation in product offerings.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Flavor
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Vegan Ice Cream Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increase in obese population
        2. Increase in disposable income
      2. Restraints
        1. Higher Price Point
        2. Limited Availability
      3. Opportunities
        1. Product Development
        2. Strategic Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Vegan Ice Cream Market, By Source, 2021 - 2031 (USD Million)
      1. Coconut Milk
      2. Soy Milk
      3. Almond Milk
      4. Cashew milk
    2. Global Vegan Ice Cream Market, By Flavor, 2021 - 2031 (USD Million)
      1. Caramel
      2. Chocolate
      3. Coconut
      4. Coffee
      5. Vanilla
      6. Fruit
    3. Global Vegan Ice Cream Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarket/Hypermarket
      2. Convenience Stores
      3. Online
      4. Education
    4. Global Vegan Ice Cream Market, By Geography, 20254 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Amy’s Kitchen
      2. Double Rainbow Ice Creams
      3. Wells Enterprises, Inc
      4. NadaMoo! Booja-Booja
      5. Happy Cow Limited
      6. Over The Mo
      7. Swedish Glace
      8. RCTIC ZERO
      9. Perry’s Ice Cream
      10. Coolhaus
      11. Beyond Better Foods, LLC.
  7. Analyst Views
  8. Future Outlook of the Market