Global Plant Based Ice Creams Market: Overview
Available in a diverse set of flavors such as nuts, beans, fruits, and herbs, the products in the global plant based ice creams market receive high demand owing to their healthy and tasty nature. Sourced from various types of plant derived milk products or vegan milk products, such as coconut milk, cashew milk, soy milk, and almond milk, these products in the global plant based ice creams market are becoming increasingly popular amongst the millennial and young population in various developed as well as several developing economies around the world. These solutions offered by the manufacturers and players operating within the global plant based ice creams market are available to the consumers through various sales channels such as indirect sales, franchise outlets, direct sales, online sales, and supermarkets or hypermarkets, among others.
While the global plant based ice creams market experienced a slow down during the pandemic situation caused by the outbreak of the novel coronavirus, it is anticipated that the industry will pick up pace and record substantial growth in the post-pandemic period. Additionally, the global vegan movement is bolstering the development of various vegan only products or conventional products, such as ice creams, to be made with different and all plant based ingredients. This trend is also likely to work out favorably for the development of the global plant based ice creams market o in years to come. This trend can be attributed to the rising awareness regarding animal treatment and cruelty in various industries as well as the increasing inclination of health conscious population towards opting for all organic and natural products.
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Global Plant Based Ice Creams Market: Major Trends and Drivers
Increasing demand from healthy and fitness enthusiast population for low sugar, low processed ingredient based, and label free desserts is positively affecting the growth within the global plant based ice creams market in coming years. Furthermore, rising consumption of non-dairy desserts, ice cream cakes made for people who follow the Keto diet, as well as fruit bars intended for different purposes (snacks, protein, energy, etc.) are also propelling the demand and positively affecting the sales in the global plant based ice creams market. Additionally, manufacturer focus on developing and marketing new ‘clean label’ and ‘label free’ plant based ice cream products is also motivating the development of the global plant based ice creams market in coming years. Although the high cost of these products in the global plant based ice creams market as compared to the conventional products is one significant restraining factors for the industry, the rising popularity of these products is anticipated to fuel the demand within the industry in coming years.
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Global Plant Based Ice Creams Market: Key Players and Manufacturers
Some of the leading manufacturers and players functional within the global plant based ice creams market include Unilever PLC, Danone, Hain Celestial Group Ltd., Breyer’s and Klein’s Ice Cream, Oatly AB, Ben & Jerry’s, Dream, and So Delicious Dairy Free, among others. Manufacturers and players functional within the global plant based ice creams market are focused on product innovation as well as the new product launches in order to amass a large share in the global plant based ice creams market in coming years. For instance, an ice cream manufacturer, owned by Nestle and RR, called Froneri launched a new plant based ice cream product range called ‘ROAR’. This range includes various new and interesting vegan ice cream flavours such as oat cookie, hempseed chocolate brownie, coconut mango passion fruit, and hazelnut chocolate cookie, among others.
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Global Plant Based Ice Creams Market: Regional Assessment
Regionally, North America accounted for the highest share in the global plant based ice creams market in recent past. This trend can be attributed to increasing focus on veganism by the regional population as well as te rising concerns pertaining to environmental sustainability as well as animal welfare in the region.
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