North American vegan ice cream is estimated to display a rapid CAGR of 8.0% during the forecast period. As per capita disposable income increased during the last decade, many consumers shifted to premium, organic and all-natural brands, helping lift vegan ice cream industry revenue. The huge presence of ice cream giants such as Ben & Jerry’s, Häagen-Dazs, and Halo Top also makes the region a colossal market for vegan ice cream. These players have entered the vegan ice cream space in the last few years, expanding the market growth.
A full report of North American Vegan Ice Cream Market is available at: https://www.omrglobal.com/industry-reports/north-american-vegan-ice-cream-market
However, the outbreak of the COVID-19 pandemic and relevant health implications have led most Americans to only leave their homes for necessities. The lockdown regulations forced retailers and small-sized vendors to shut off their operation, which resulted in a negative impact on the vegan ice cream sector in the region. Credit Suisse estimates that 80% of US household food spend now goes towards food at home rather than food away from home, which is disrupting the sales flow of the vegan ice cream vendors, which was booming before the pandemic. The cases of COVID-19 are increasing in the region, especially in the US, so the scenario is not expected to be changed for the foreseeable future, and the vegan ice cream anticipated to stagnancy and maybe even decline in demand.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- by Source, Flavor, and Distribution Channel
- Countries Covered- US and Canada
- Competitive Landscape- Alden’s Organic (Oregon Ice Cream), Danone S.A., Double Rainbow Ice Creams, Inc., General Mills, Inc. (Häagen-Dazs), NADAMOO! (Little Red Rooster Ice Cream Company), The Hain Celestial Group, Wells Enterprises, Inc., and Unilever Group
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North American 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
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
