Global Organic Ice Cream Market The GMI Research forecasts that the Organic Ice Cream Market is witnessing an upsurge in demand over the forecast period. This is mainly due to increasing adoption o…

Non-Dairy Ice Cream MarketThe Non-Dairy Ice Cream Market was valued around USD 512 million in 2019 and projected to expand at a CAGR of 12.6% over the forecast period (2020-2027).The factors driving the growth of Non-Dairy Ice Cream Market includes rise in the lactose intolerant population, growing consumption of ice-creams around the world, increasing emphasis on environment protection and animal welfare. According to the report published by Statista, the ice cream volume production in India has significantly increased from 136.1 million liters in FY 2015 to reach 202 million liters in 2020, which is expected to boost the Non-Dairy Ice Cream Market share in the approaching years. Moreover, the rise in the launches of innovative ice cream products, improvements in the packaging solutions, growing popularity of veganism and increasing number of supermarkets and hypermarkets around the world, are some of the additional factors supplementing the Global Non-Dairy Ice Cream Market. In addition, the increasing investments by leading players on research and development, rising disposable incomes, growing population growth rates and rapid urbanization, are further contributing to the market growth.Request a free sample of this reportHowever, the growth of Non-Dairy Ice Cream Market is hindered due to variations in the prices of raw materials.The major players operating in the market are NadaMoo, Swedish Glace, Unilever, Bliss Unlimited, LLC, Danone S.A., General Mills Inc., Tofutti Brands, Inc., Dunkin’ Brands, Eden Creamery LLC., and Trader Joes, among others.Source: Segment AnalysisBased on Source, the Coconut Milk segment is expected to hold the highest market share during the forecast period because coconut milk is easily available, extensively used by multinational brands and comes with a low-price range.Flavor: Segment AnalysisBased on Flavor, the Chocolate segment is estimated to dominate the market over the forecast period attributed to rising popularity of choco chips amongst children and increasing consumption of dark chocolate products across the globe.Distribution Channels: Segment AnalysisBased on Distribution Channels, the Supermarkets segment is projected to dominate the market over the forecast period because the supermarket stores offer wide range of vegan ice-creams with huge discounts to their customers.Regional: Segment AnalysisBased on Region, the Asia-Pacific region is projected to capture the largest market share during the forecast period. The increasing number of vegetarian populations, rise in the number of retail outlets such as supermarkets and convenience stores, growing consumption of ice cream and rapid urbanization, are some of the important factors augmenting the market growth in Asia-Pacific.Market SegmentationGlobal Non-Dairy Ice Cream Market by SourceCoconut MilkAlmond MilkCashew MilkSoy MilkOther sourcesGlobal Non-Dairy Ice Cream Market by FlavorVanillaChocolateButter PecanStrawberryNeapolitanCookies & CreamMint Choco ChipCaramelOther flavorsGlobal Non-Dairy Ice Cream Market by ProductImpulseArtisanalTake HomeGlobal Non-Dairy Ice Cream Market by FormSinglesBlendsGlobal Non-Dairy Ice Cream Market by Distribution ChannelSupermarketsConvenience StoresFood & Drink SpecialistsRestaurantsOnline StoresOther distribution channelsGlobal Non-Dairy Ice Cream Market by RegionAsia PacificChinaJapanIndiaRest of APACNorth AmericaUnited States of AmericaCanadaEuropeUnited KingdomGermanyFranceSpainRest of EuropeRoWBrazilSouth AfricaSaudi ArabiaUAEAbout GMI ResearchGMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: [email protected]: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/