Vegan Ice Cream Market expansion shortly at a CAGR of 11.20% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the Global Vegan ice cream Market that contains information from 2018 to 2032. The Vegan ice cream market is estimated to register a CAGR of 11.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Vegan ice cream market— GeBen & Jerry's (Unilever), Häagen-Dazs (Nestlé), So Delicious Dairy Free (Danone), NadaMoo, Oatly, Alpro (Danone), Coconut Bliss, Tofutti Brands Inc., Van Leeuwen Ice Cream and Luna & Larry's Coconut Bliss.

Market Highlights

The global Vegan ice cream market is accounted to register a CAGR of 11.20% during the forecast period and is estimated to reach USD 1.59 billion by 2032.

The vegan ice cream market is growing due to a surge in demand for plant-based alternatives driven by health and environmental concerns. Consumers seek dairy-free options without compromising on taste and texture. The growing vegan and lactose-intolerant consumer base, coupled with innovative product formulations, contributes to market expansion. Increased awareness of ethical and sustainable practices in food production further propels the growth of the vegan ice cream market as individuals increasingly embrace plant-based lifestyles.

Segment Analysis

The global Vegan ice cream market has been segmented based Source, Flavor, Sales Type and Distribution Channel.

On the basis of source, the market is segmented into Coconut Milk, Soy Milk, Almond Milk, and Cashew milk. The Coconut Milk segment was attributed to holding the largest market share in 2022. Coconut milk is becoming more and more popular since it suits the tastes of people looking for dairy-free solutions. The flexibility of coconut milk to create a broad variety of flavours and its accessibility to a large market further establish its leadership in the vegan ice cream industry.

Based on flavor, the global Vegan ice cream market has been segmented into Caramel, Chocolate, Coconut, Coffee, Vanilla, and Fruit. The Coffee segment was expected to hold the largest market share in 2022. Because coffee flavour is so widely liked and popular among customers, it has the most market share in the vegan ice cream industry. Coffee's strong, rich flavour works well with frozen desserts to provide a comforting, decadent experience.

Based on sales type, the global Vegan ice cream market has been segmented into Impulse, Take Home, and Artisanal. The Take Home segment was expected to hold the largest market share in 2022 because it provides customers with convenience. Take-home alternatives encourage impulsive purchases and repeat business by giving customers the freedom to enjoy their favourite flavours of vegan ice cream whenever it's convenient for them.

Based on distribution channel, the global Vegan ice cream market has been segmented into Supermarket/Hypermarket, Convenience Stores, and Online. The Supermarket/Hypermarket segment was expected to hold the largest market share in 2022 because to its broad appeal, large selection of products, and ease of one-stop shopping. Customers like the ease of having access to a variety of vegan ice cream selections in one location.

Regional Analysis

The global Vegan ice cream market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Vegan ice cream market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Vegan ice cream market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Vegan ice cream market comprises of Middle East, Africa, and Latin America.

The largest market share for Vegan ice cream was maintained by the North American regional sector. North America has captured the largest market share in the vegan ice cream market due to the region's heightened awareness of health and wellness, a growing vegan population, and increased adoption of plant-based diets. The demand for dairy alternatives aligns with changing consumer preferences. Additionally, the availability of a wide variety of vegan ice cream products, including premium and artisanal options, across supermarkets, specialty stores, and online platforms contributes to North America's dominant position in the market.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has secured the second-largest market share in the vegan ice cream market due to a surge in consumer interest in plant-based alternatives, health consciousness, and environmental sustainability. The region exhibits a well-established market infrastructure, fostering the growth of diverse vegan product offerings. The popularity of veganism, along with a strong presence of premium and artisanal vegan ice cream brands, contributes to Europe's substantial market share. Consumers' receptiveness to innovative flavors and a variety of plant-based ingredients further solidifies Europe's position in the vegan ice cream market.

The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the vegan ice cream market due to the increasing adoption of plant-based diets, rising health awareness, and a growing population. Changing consumer preferences, especially in countries like China and India, contribute to the surge in demand for vegan alternatives. The expansion of retail infrastructure and the availability of diverse vegan ice cream options in the region fuel the market's rapid growth, positioning Asia Pacific with the highest CAGR.

Furthermore, the rest of the world's Vegan ice cream market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the vegan ice cream market due to a global shift toward plant-based diets, increased awareness of ethical and environmental concerns, and expanding lactose-intolerant and health-conscious consumer demographics. Innovations in flavors and textures contribute to the growing popularity of vegan ice cream across diverse regions.

Key Findings of the Study

• The global Vegan ice cream market is expected to reach USD 1.59 billion by 2032, at a CAGR of 11.20% during the forecast period.


• The Asia Pacific region is the fastest-growing in the vegan ice cream market due to a rising population, increasing awareness of health and sustainability, and a growing interest in plant-based alternatives. Changing consumer preferences and lifestyle trends contribute to the region's rapid market expansion.


• Based on distribution channel, the Supermarket/Hypermarket segment was attributed to holding the largest market in 2022, with an approximate market share of 45%.


• GeBen & Jerry's (Unilever), Häagen-Dazs (Nestlé), So Delicious Dairy Free (Danone), NadaMoo, Oatly, Alpro (Danone), Coconut Bliss, Tofutti Brands Inc., Van Leeuwen Ice Cream and Luna & Larry's Coconut Bliss.