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

Global Plant-based Ice Cream Market Insights Forecasts to 2033

• The Global Plant-based Ice Cream Market Size Was Estimated at USD 701.75 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 4.32% from 2023 to 2033
• The Worldwide Plant-based Ice Cream Market Size is Expected to reach USD 1071.68 Million by 2033
• Asia Pacific is predicted to Grow at the fastest CAGR throughout the projection period

The Global Plant-based Ice Cream Market Size is Predicted to Exceed USD 1071.68 Million By 2033, Growing at a CAGR of 4.32% from 2023 to 2033.

Market Overview

The global plant-based ice cream market emphasizes dairy-free desserts made from plant-based ingredients. The market for plant-based ice cream is expanding due to environmental sustainability and health consciousness. In addition to decadent options like cookie dough and brownies, brands are introducing exotic flavors such as matcha and salted caramel. Furthermore, plant-based emulsifiers and natural sweeteners are becoming clean-label ingredients. The saturated fats, cholesterol, and lactose intolerance associated with dairy products are prompting consumers to become more conscious. Plant-based diets are gaining popularity due to concerns about dairy farming, including greenhouse gas emissions, water usage, and land consumption. Ice cream without artificial additives, sweeteners, or preservatives is becoming increasingly popular. Brands are influenced by the clean label movement, favoring straightforward, easily identifiable ingredients that are organic, non-GMO, and ethically sourced. New plant-based formulations from well-known brands like Ben & Jerry's, So Delicious, and Oatly, along with the trend toward natural and clean-label products, are driving the growth of plant-based ice cream. These products cater to consumers who are 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 utilize 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.

Report Coverage

This research report categorizes the global plant-based ice cream market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global plant-based ice cream market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global plant-based ice cream market.

Driving Factors:

The market for plant-based ice creams is expected to grow significantly over the next few years due to the rise in veganism and lactose intolerance. The increasing focus on healthy ice creams, ongoing product innovations, and the expanding availability of plant-based ice creams in convenience stores are projected to drive this growth. The market will benefit from the rising demand for healthier alternatives and is expected to be dynamic, particularly in developed countries.

Restraining Factors

The obstacles to the plant-based ice cream market include increased production costs, the expenses of raw materials, and formulation challenges. Despite the demand for a creamier mouthfeel and flavor, mass-market consumers may find it hard to accept these products at competitive prices.

Market Segmentation

The global plant-based ice cream market share is classified into form, flavor, packaging type, source, and distribution channel.

• The singles segment dominated the plant-based ice cream market in 2023 and is anticipated to grow at a CAGR of 4.1% throughout the forecast period.

Based on the form, the global plant-based ice cream market is categorized into singles and blends. Among these, the singles segment dominated the plant-based ice cream market in 2023 and is anticipated to grow at a CAGR of 4.1% throughout the forecast period. The segmental expansion is attributed to the portability, sustainability, health consciousness, consumer convenience, being free from saturated fats and lactose, nutrient-rich, best source of vitamins.

• The beans segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 4.15% throughout the projected timeframe.

Based on the flavor, the global plant-based ice cream market is categorized into fruits, herbs, beans, nuts, and others. Among these, the beans segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 4.15% throughout the projected timeframe. The sector growth is attributed to the creamy texture and appearance, natural sweetener, healthier and sustainability, and rich in protein content.

• The tubs segment accounted to grow at the fastest CAGR of 4.50% in 2023.

Based on the packaging type, the global plant-based ice cream market is categorized into cones, tubs, bars, and others. Among these, the tubs segment accounted to grow at the fastest CAGR of 4.50% in 2023. The segmental growth is ascribed to the consumer compliance, the reusable, easy-to-handle, availability in different sizes, and biodegradable packaging.

• The soy milk segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 4.21% throughout the projected timeframe.

Based on the source, the global plant-based ice cream market is categorized into soy milk, cashew milk, coconut milk, almond milk, and others. Among these, the soy milk segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 4.21% throughout the projected timeframe. The segmental dominance is facilitated by several factors such as lactose-free alternatives, protein-rich milk, longer lifespan than dairy milk, naturally lower in fats and calories, cost-effectiveness, improves metabolic health, and possesses antioxidant activity.

• The supermarkets segment accounted for the largest market 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 into specialty stores, supermarkets, online retail, convenience stores, and others. Among these, the supermarkets segment accounted for the largest market share in 2023 and is predicted to grow at a CAGR of 4.35% throughout the projected timeframe. The segmental expansion is driven by the availability of a wide variety of flavored plant-based ice cream, bulk purchasing, brand visibility, lower prices as compared to shops, and offering discounts.

Regional Segment Analysis of the Global Plant-based Ice Cream Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global plant-based ice cream market over the predicted timeframe.

North America is anticipated to hold the largest share of the global plant-based ice cream market over the predicted timeframe. The market for plant-based ice cream in North America is growing as a result of government backing, product innovation, sustainability, flexitarian and vegan lifestyles, and health consciousness. Clean-label, lactose-free, and cholesterol-free products are becoming more and more popular, and the number of vegans and flexitarians is rising. Eco-friendly plant-based options are becoming more popular among consumers due to sustainability concerns and environmental awareness. Government assistance and retail expansion help to sustain this growth. The United States continues to dominate the industry, despite a rise in single-person families and hectic lifestyles. Plant-based ice cream comes in a variety of forms from retailers, including organic, gluten-free, and allergy-free varieties. Growing vegan populations, environmental concerns, and a growing number of health-conscious and lactose-intolerant consumers are driving the industry in Canada.

Asia Pacific is anticipated to grow at the fastest CAGR throughout the projected timeframe. Rising lactose intolerance and dairy allergies, culturally relevant flavors like matcha, durian, red bean, and taro, sustainability and ethical consumption, retail expansion and accessibility, and industry and government support are all contributing to the rapidly growing Asia-Pacific plant-based ice cream market. Companies are producing regionally relevant flavors to appeal to local palates, and consumers are choosing dairy-free alternatives because of health concerns. Supermarkets and specialty shops are expanding the shelf space for plant-based ice creams, which is another factor propelling market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global plant-based ice cream market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• General Mills
• Nada Moo
• Booja- Booja
• Oatly
• Unilever
• Brave Robot
• Cado Ice Cream
• Nestle
• Siri Millets
• Saffron Ice Cream Company
• Barry Callebaut
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• 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