The UK vegan ice cream market is estimated to grow at a healthy CAGR of 7.0% during the forecast period. Improvements seen in this market in recent years have largely been the result of a growing vegan population, a strengthening economy, a rise in consumer purchasing power, as well as an increase in consumer confidence. Expansion of specialized convenience stores for vegan ice cream has been vital to the growth of the market, in recent times. Individuals are increasingly exposed to the new vegan products that are increasingly gaining traction in the country. Veganism in the country is primarily driven by increasing activities of vegan organizations such as ProVeg UK, Veganuary, The Vegan Society, The Humane League UK, Humane Society International UK, PETA UK, among many more. These organizations have continued to spread information regarding animal cruelty, health benefits of plant-based diets, which, in turn, have bolstered the growth of the vegan ice cream market in the country.
The UK vegan ice cream market is segmented based on source, flavor, and distribution channel. Based on the source, the vegan ice cream market is segmented into almond milk, cashew milk, coconut milk, soy milk, and others (oat milk, rice milk). Based on flavour, the market is classified into caramel, chocolate, coconut, coffee, fruit, vanilla, and others. Based on the distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, and online stores. Primarily, due to the COVID-19 pandemic, there has been a major decline in the sales of vegan ice cream in conventional stores’ space. The online stores segment is still on a nascent stage, however, expected to record significant growth in the coming years.
Further, one of the most significant value increases is seen in the organic retail market. The UK has the second-largest organic retail market in Europe with sales escalating to more than $9 billion in 2019. The UK was the country with the highest growth of the organic market in 2018/19 achieving a 15% increase in value. Increasing organic space in the country is providing substantial rise to the vegan ice cream sector.
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UK Vegan Ice Cream Industry Market Segmentation
By Source
- Almond Milk
- Cashew Milk
- Coconut Milk
- Soya Milk
- Others (Oat Milk, Rice Milk)
By Flavour
- Caramel
- Chocolate
- Coconut
- Coffee
- Fruit
- Vanilla
- Others
By Distribution Channel
- Convenience Stores
- Supermarkets/Hypermarkets
- Online Stores
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Company Profiles
- Alpro, Ltd.
- Danone S.A.
- Froneri International, Ltd.
- General Mills, Inc. (Häagen-Dazs)
- Marks and Spencer Group PLC
- Northern Bloc, Ltd.
- Tesco PLC
- The Coconut Collaborative, Ltd.
- The Hain Celestial Group
- Unilever Group
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