Global Plant-based Ice Cream Market Size To Worth USD 1071.68 Million By 2033 | CAGR of 4.32%
Category: Food & BeveragesGlobal Plant-based Ice Cream Market Size To Worth USD 1071.68 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Plant-based Ice Cream Market Size is Expected to Grow from USD 701.75 Million in 2023 to USD 1071.68 Million by 2033, at a CAGR of 4.32% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 115 Market data tables and figures & charts from the report on the "Global Plant-based Ice Cream Market Size, Share, and COVID-19 Impact Analysis, By Form (Singles and Blends), By Flavor (Fruits, Herbs, Beans, Nuts, and Others), By Packaging Type (Cones, Tubs, Bars, and Others), By Source (Soy Milk, Cashew Milk, Coconut Milk, Almond Milk, and Others), By Distribution Channel (Specialty Stores, Supermarkets, Online Retail, Convenience Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/plant-based-ice-cream-market
The global plant-based ice cream market is expanding due to environmental sustainability and health consciousness. It offers dairy-free desserts made from plant-based ingredients, including exotic flavors like matcha and salted caramel. The market is gaining popularity due to concerns about dairy farming, greenhouse gas emissions, water usage, and land consumption. Brands are favoring organic, non-GMO, and ethically sourced ingredients. New plant-based formulations from brands like Ben & Jerry's, So Delicious, and Oatly are driving the growth of plant-based ice cream. These products cater to consumers concerned about their diet and the environment, including vegetarians, lactose-intolerant individuals, and those seeking sustainable food sources. High-end brands like Ben & Jerry's, So Delicious, and Oatly use innovative plant-based milk bases and responsibly sourced organic ingredients. Producers are also exploring novel taste profiles and functional variations to appeal to a broader range of consumers, including high-protein and low-sugar options. However, increased production costs may impede the market growth.
The singles segment held the largest share in 2023 and is predicted to grow at a CAGR of 4.1% during the predicted period.
Based on the form, the global plant-based ice cream market is categorized as singles and blends. Among these, the singles segment held the largest share in 2023 and is predicted to grow at a CAGR of 4.1% during the predicted period. This is driven by portability, sustainability, health consciousness, convenience, nutrient-rich, and vitamin-rich products, free from saturated fats and lactose, and providing the best source of vitamins.
The beans segment accounted for the highest market share in 2023 and is expected to grow at a CAGR of 4.15% throughout the projected timeframe.
Based on the ingredients, the global Plant-based Ice Cream market is categorized as tea tree, peppermint, charcoal, neem, turmeric, lemon, aloevera, and lavender. Among these, the beans segment accounted for the highest market share in 2023 and is expected to grow at a CAGR of 4.15% throughout the projected timeframe. The growth of the sector is attributed to its creamy texture, natural sweetener, healthiness, sustainability, and protein content.
The tubs segment accounted to grow at the highest CAGR of 4.50% in 2023.
Based on the distribution channel, the global plant-based ice cream market is categorized as offline and online. Among these, the tubs segment accounted to grow at the highest CAGR of 4.50% in 2023. Consumer compliance, reusable, easy-to-handle products, availability in various sizes, and biodegradable packaging contribute to segmental growth.
The soy milk segment held the greatest share in 2023 and is predicted to grow at a CAGR of 4.21% throughout the projected timeframe.
Based on the end-user, the global plant-based ice cream market is categorized as soy milk, cashew milk, coconut milk, almond milk, and others. Among these, the soy milk segment held the greatest share in 2023 and is predicted to grow at a CAGR of 4.21% throughout the projected timeframe. This is attributed to its lactose-free alternatives, protein-rich nature, longer lifespan, lower fat and calorie content, cost-effectiveness, improved metabolic health, and antioxidant activity.
The supermarkets segment held the greatest share in 2023 and is predicted to grow at a CAGR of 4.35% throughout the projected timeframe.
Based on the distribution channel, the global plant-based ice cream market is categorized as specialty stores, supermarkets, online retail, convenience stores, and others. Among these, the supermarkets segment held the greatest share in 2023 and is predicted to grow at a CAGR of 4.35% throughout the projected timeframe. The segmental expansion is fueled by the availability of diverse flavored plant-based ice cream, bulk purchasing, brand visibility, lower prices, and discounts.
North America is expected to hold the greatest share of the global plant-based ice cream market over the forecast period.
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North America is expected to hold the greatest share of the global plant-based ice cream market over the forecast period. The North American plant-based ice cream market is expanding due to government support, product innovation, sustainability, flexitarian and vegan lifestyles, and health consciousness. Clean-label, lactose-free, and cholesterol-free options are becoming popular, with a rise in vegans and flexitarians. Eco-friendly plant-based options are also gaining popularity. The United States continues to dominate the industry, while Canada sees a growing demand for vegan, gluten-free, and allergy-free options. Government assistance and retail expansion support this growth.
Asia Pacific is predicted to grow at the fastest CAGR throughout the estimated period. The Asia-Pacific plant-based ice cream market is expanding due to rising lactose intolerance, dairy allergies, culturally relevant flavors, sustainability, ethical consumption, retail expansion, and government support. Companies are producing regionally relevant flavors, and consumers are choosing dairy-free alternatives due to health concerns. Supermarkets and specialty shops are expanding shelf space for plant-based ice creams, further driving market growth.
Major key players in the global plant-based ice cream market are General Mills, Nada Moo, Booja-Booja, Oatly, Unilever, Brave Robot, Cado Ice Cream, Nestle, Siri Millets, Saffron Ice Cream Company, Barry Callebaut, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In April 2025, New Zealand-based EatKinda launched an allergen-free cauliflower-based ice cream in the U.S., backed by market research and strategic input from graduate students at San Diego State University. The product, made from surplus cauliflower, aims to cater to plant-based and allergen-friendly consumers.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global plant-based ice cream market based on the below-mentioned segments:
Global Plant-based Ice Cream Market, By Form
- Singles
- Blends
Global Plant-based Ice Cream Market, By Flavor
- Fruits
- Herbs
- Beans
- Nuts
- Others
Global Plant-Based Ice Cream Market, By Packaging Type
- Cones
- Tubs
- Bars
- Others
Global Plant-Based Ice Cream Market, By Source
- Soy Milk
- Cashew Milk
- Coconut Milk
- Almond Milk
- Others
Global Plant-Based Ice Cream Market, By Distribution Channel
- Specialty Stores
- Supermarkets
- Online Stores
- Convenience Stores
- Others
Global Plant-based Ice Cream Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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