Global vegan ice cream market is estimated to record a substantial CAGR of 8.5% during the forecast period (2020-2026). The global vegan ice cream is on an all-time high as the global vegan population has continued to increase. The past few years have witnessed a skyrocketing increase in the shelves of supermarkets/hypermarkets with vegan ice cream. More and more convenience store chains are seeking to tap into the area of vegan ice cream through business-to-business e-commerce with an increasing digital wholesale marketplace. The boom of urbanization has played a significant role in the acceleration of the vegan ice cream market. As projected by the UN (United Nations), around 68% of the global population is expected to live in urban areas against 55% in 2018, which would increase the exposure of veganism. Increasing urbanization is one of the key factors that foretell the potential of the global vegan ice cream market.
According to Orion’s estimation, the vegan ice cream market is expected to witness record-breaking growth in not only the developing nations but in developed countries as well, in the coming years. The industry is anticipated to be one of the fastest-growing in the overall food and beverage sector. Customers are increasingly asking for non-dairy, healthy food products that set the tone for the vegan ice cream market, globally.
OMR Global Recently Published Report on: https://www.omrglobal.com/industry-reports/vegan-ice-cream-market
Global Vegan Ice Cream Market Report Segment
By Source
- Almond Milk
- Cashew Milk
- Coconut Milk
- Soy Milk
- Others (Oat Milk, Rice Milk)
By Flavor
- Caramel
- Chocolate
- Coconut
- Coffee
- Fruit
- Vanilla
- Others
By Distribution Channel
- Convenience Stores
- Supermarkets/Hypermarkets
- Online Stores
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