UK vegan ice cream is expected to exhibit a rapid CAGR of 7.0% during the forecast period. The consumers in the UK are conscious about what they eat and there is a growing awareness of the benefits of healthy eating, which is driving the vegan ice cream market. Individuals are increasingly becoming interested in organic food. The increasing median age of the population means more elders, who are conscious about diet, are ready to spend more on food products, such as vegan ice cream. Additionally, the extensive range of vegan products offered in supermarkets/hypermarkets and convenience stores is more striking for variety-seeking UK consumers.
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The competition between brands is fierce in the country, owing to the restricted level of product differentiation and consumers’ negligible switching costs, combined with a challenging and volatile market environment. Increasing internet penetration has allowed the brands to constructively market their products. Consumers are more and more exposed to the relevant veganism information and data and are switching their diets to plant-based/non-dairy. Further, the increasing competition is expected to encourage growth over the forecast period as leading ice cream chains to adapt their business strategies to changing consumer behaviors, by offering options in vegan ice creams.
Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- by Source, Flavor, and Distribution Channel
- Country Covered- UK
- Competitive Landscape- Danone S.A., Froneri International, Ltd., Marks and Spencer Group PLC, Oatly AB, Tesco PLC, The Hain Celestial Group, and Unilever Group
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from 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?
UK 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
A full report of UK Vegan Ice Cream Market is available at: https://www.omrglobal.com/industry-reports/uk-vegan-ice-cream-market
