Future
Market Insights’ recent report on the global market for plant-based
ice-creams reveals the impact of lactose intolerance in creating a
vast consumer base for such non-dairy products. Increasing population
of lactose intolerant consumers is observed to be driving force for
growing consumption of plant-based ice-creams. Moreover, higher
protein content in plant-based ice-creams is making them healthier
options among ice-creams. Producers of plant-based ice-creams are
focusing towards improving the taste of these ice-creams as consumers
are demanding a wide variety of flavours. Following highlights from
the report will elucidate the growth of global
plant-based ice-creams market during the forecast period,
2017-2027.
According
to the report, the global market for plant-based ice-creams will
reach a value of US$ 1 Bn by the end of 2017, recording an estimates
sales of 194.5 thousand tonnes of plant-based ice-creams. Towards the
end of 2027, the global consumption of plant-based ice-creams will
reach 500 thousand tonnes, reflecting an estimated value of US$ 2.45
Bn.
Voluminous
growth of the global plant-based ice-creams market will be marginally
lower than its revenue growth as the market is expected to reflect of
a volume CAGR of 9.1% and a value CAGR of 9.3% over the forecast
period.
In
2017, close to 60% of global plant-based ice-creams revenues will be
accounted by sales of bars and cones. Demand for cups or tubs of
plant-based ice-creams, on the other hand, will gain traction as
global sales recorded in this product segment will contribute to
nearly 30% of global market value by the end of 2027.
Fill
the form for an exclusive sample of this report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-2461
In
2017 and beyond, the global demand for plant-based ice-creams in
single-flavour form will be slightly lower than that of blends as the
latter form of plant-based ice-cream will dominate with a global
revenue share of 51% and above.
The
report predicts that fruits, dry fruits (nuts) and beans will be
prominent flavours of plant-based ice-creams. By 2027, nearly 140
thousand tonnes of fruit-flavoured plant-based ice-creams are
expected to be consumed across the globe.
Majority
of plant-based ice-creams produced in the world will be sourced from
soy milk. Through 2027, plant-based ice-creams sourced from soy milk
are predicted to reflect a 10.1% CAGR in terms of revenue.
Global
revenues accounted by direct sales of plant-based ice-creams will be
gaining traction throughout the forecast period, registering a value
CAGR of 10%. On the other hand, indirect sales channels for
plant-based ice-creams are dominating the market with nearly 60%
value share, albeit, their global revenue contribution is expected to
incur a considerable decline by 2027-end.
By
the end of 2027, North America and Western Europe are expected to
dominate the global plant-based ice-creams market as these regions
will individually attribute to an estimated 34% of global revenues.
The
Asia-Pacific excluding Japan (APEJ) region is also accounting for a
considerable share in global revenues, however, consumption of
plant-based ice-creams is expected to lose traction in the APEJ
market towards the latter half of the forecast period.
The
report also profiles prominent players in the global plant-based
ice-cream market, which include Ben & Jerry’s Homemade Inc.,
Bliss Unlimited, LLC, LUV Ice Cream LLC, SO DELICIOUS DAIRY FREE
(Danone), Oatly AB, Jollyum Co., The Booja-Booja Co., LITTLE BABYS
ICE CREAM LLC, Klein’s Ice Cream Inc., and Frankie & Jo's.
Other key players in the market are observed to be Happy cow ltd.,
Tofutti, Breyers, Dream, Nadamoo, ARCTIC ZERO, Inc., Snowflake Luxury
Gelato, Wink Frozen Desserts, Nobó ltd., Imuraya Group Co. Ltd.
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