USD 5.9 billion
Report ID:
SQMIG30I2106 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
60
|Figures:
80
Global Non-Dairy Frozen Dessert Market size was valued at USD 5.9 billion in 2022 and is poised to grow from USD 6.41 billion in 2023 to USD 12.50 billion by 2031, at a CAGR of 8.70% during the forecast period (2024-2031).
Non-dairy frozen dessert is a type of frozen dessert that is made without the use of dairy products like milk, cream, or butter. Instead, it uses non-dairy milk alternatives such as almond milk, soy milk, or coconut milk as the base ingredient. This makes it a great option for people who are lactose intolerant or follow a vegan diet. Non-dairy frozen desserts come in a variety of flavors, and some manufacturers use natural ingredients like fruits, nuts, and spices to enhance the taste. They are generally lower in fat and calories than traditional dairy-based ice creams, and can be found in most grocery stores alongside other frozen desserts. The demand for the product is being driven by consumers' progressive switch from frozen dairy products to non-dairy alternatives. Because plant-based diets are high in protein, have less calories, and support healthy cholesterol levels, consumers are adopting them in greater numbers. The market is anticipated to grow as a result of socialization trends, increased health awareness, an increase in lactose intolerance and other dairy-related health issues, and more. Many consumers are unaware of the potential benefits of non-dairy frozen desserts for overall health and the immune system. However, non-dairy frozen dessert producers will soon have a great chance to inform customers about gut health. A plant-based diet is beneficial for people's health because it promotes the development of more stable and diverse microbial communities, according to the National Library of Medicine. Market players are improving their marketing strategies, researching the specific health benefits of non-dairy frozen desserts, and interacting with consumers to develop new products with improved taste and texture.
US Non-Dairy Frozen Dessert Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.9 billion
Largest Segment
Non-Dairy Ice Cream
Fastest Growth
Non-Dairy Ice Cream
Growth Rate
8.70% CAGR
To get more reports on the above market click here to Buy The Report
Global Non-Dairy Frozen Dessert market is segmented by product type, distribution channel, and region. Based on product type, the Non-Dairy Frozen Dessert Market can be segmented into Non-Dairy Ice Cream, and Non-Dairy Frozen Yogurt. Based on distribution channel, the Non-Dairy Frozen Dessert Market is segmented into online retail, and offline retail. Based on region, the Non-Dairy Frozen Dessert Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Non-Dairy Frozen Dessert Market Analysis by Product Type
By product type the market can be segmented into Non-Dairy Ice Cream and Non-Dairy Frozen Yogurt. Non-Dairy Ice Cream dominated the market. The growing demand for vegan and lactose-free products is driving the growth of Non-Dairy Ice Cream. Additionally, the increasing prevalence of lactose intolerance and milk allergies among consumers contributes to this segment’s growth.
Non-Dairy Frozen Yogurt, on the other hand, is expected to be the fastest-growing segment in the market. The rising health and wellness trend among consumers is driving the demand for Non-Dairy Frozen Yogurt. This product is perceived as a healthier alternative to traditional frozen yogurt as it contains less fat and calories. Additionally, the growing popularity of plant-based diets contributes to this segment’s growth.
Non-Dairy Frozen Dessert Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline retail, and online retail. Offline retail segment dominated the global market during the forecast period. This is due to the widespread availability of Non-Dairy Frozen Desserts in supermarkets, hypermarkets, convenience stores, and other brick-and-mortar stores. Consumers generally prefer to purchase food items, especially frozen desserts, in physical stores to ensure quality and freshness.
However, online retail segment is expected to be the fastest-growing segment in the market. The increasing penetration of the internet and smartphones, coupled with the growing popularity of e-commerce platforms, is driving the growth of this segment. Consumers increasingly turn to online channels to purchase Non-Dairy Frozen Desserts, as it offers convenience, wider product variety, and doorstep delivery.
To get detailed analysis on other segments, Request For Free Sample Report
North America dominated the global market during the forecast period. The high demand for Non-Dairy Frozen Desserts in this region can be attributed to the increasing prevalence of lactose intolerance and milk allergies among consumers. Additionally, the growing health-consciousness and the trend of veganism are driving the growth of this market in North America.
APAC is expected to be the fastest-growing region in the market. The market in this region is expanding as a result of consumers' changing dietary preferences and rising disposable income in nations like China and India. Additionally, the growing awareness regarding the health benefits of Non-Dairy Frozen Desserts and the increasing number of lactose intolerant individuals in the region are further contributing to the growth of the market.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Non-Dairy Frozen Dessert Market Drivers
Increasing prevalence of lactose intolerance and milk allergies among consumers
Non-Dairy Frozen Dessert Market Restraints
High cost of Non-Dairy Frozen Desserts
Request Free Customization of this report to help us to meet your business objectives.
The global Non-Dairy Frozen Dessert market is highly competitive, with several players operating in the market. The key players in the market are focused on product innovation, research and development, and strategic collaborations to expand their market presence. The presence of both global and regional players characterizes the market. The competition is expected to intensify further with the increasing demand for Non-Dairy Frozen Desserts and the entry of new players in the market.
Non-Dairy Frozen Dessert Market Top Player’s Company Profiles
Non-Dairy Frozen Dessert Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Non-Dairy Frozen Dessert market analysis, the market is experiencing significant growth due to various factors such as the increasing prevalence of lactose intolerance and milk allergies, the growing trend of veganism, and the rising awareness regarding the health benefits of Non-Dairy Frozen Desserts. The market is segmented based on product type, distribution channel, and region. The key players in the market are focused on product innovation, research and development, and strategic collaborations to expand their market presence. While North America is expected to dominate the market, APAC is expected to be the fastest-growing region. The high cost of Non-Dairy Frozen Desserts remains a major restraint for the growth of the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5.9 billion |
Market size value in 2031 | USD 12.50 billion |
Growth Rate | 8.70% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Non-Dairy Frozen Dessert Market Recent Developments
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Non-Dairy Frozen Dessert Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Non-Dairy Frozen Dessert Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Non-Dairy Frozen Dessert Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Non-Dairy Frozen Dessert Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30I2106
sales@skyquestt.com
USA +1 351-333-4748