Non-Dairy Frozen Desserts Market Overview:
According to the latest research, non-dairy frozen desserts will likely witness sturdy growth from 2023-to 2030. Demand for non-dairy frozen desserts will witness a higher growth outlook in the long run than that of historical growth. Increasing awareness regarding the importance of a healthy vegan lifestyle will mean limited opportunities shortly; however, rising demand for dairy alternatives by fitness enthusiasts working out and following their diet regularly will provide momentum to the non-dairy frozen desserts market.
The Non-Dairy Frozen Desserts Market size was valued at USD 1.5 billion in 2022. The non-dairy frozen desserts industry is projected to grow from USD 1.64 Billion in 2023 to USD 2.74 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.01% during the forecast period (2023 - 2030).
The surging population of vegetarianism and veganism with the mounting awareness among individuals to live a healthier lifestyle, both in developing and developed countries, are key factors that are likely to have a significant impact on the overall growth of the vegan dessert market shortly.
Evolving demand for more organic, natural, and plant-based food compared to synthetic/color-added food ingredients in desserts such as ice creams drives the demand for non-dairy frozen desserts in daily diet.
Sales of non-dairy frozen desserts have gone through a recurring boom-and-bust, which has remained an enduring challenge for manufacturers. The fluctuation was primarily evident due to the temporary halt in operations with an outbreak of uncertain diseases like COVID. Manufacturers remained unprepared concerning capacity utilization and expansion.
Market Segmentations:
The non-dairy frozen desserts market has been segmented based on the following:
By type:
● Custards and puddings
● Ice-creams
● Cakes and pastries
● Yogurt
By category:
● Lactose-free
● Conventional
By distribution channel:
● Store-based
● Non-store-based
Regional Analysis:
The growing popularity of the vegan lifestyle in developed economies of North America has been driving the market for vegan desserts across the region. The vegan dessert is increasingly gaining visibility on the menu of restaurants and cafes to appeal to consumers with dietary concerns. Consumers with cardiovascular diseases, high cholesterol levels, and allergies to eggs are creating a demand for healthier non-dairy frozen desserts to cope with their cravings.
The US non-dairy frozen desserts market is set to tread on the historical pattern of bust and boom during the assessment period 2021-2031. Demand is likely to leap and bound in the next couple of years with an upsurge in the vegan population. Companies such as Nestle are tapping into growing consumer demand for vegan products by launching a non-dairy range like Haggen-Dazs ice cream in the United States.
Key Players:
Some of the prominent belonging to the Key Non-Dairy Frozen Desserts Market Players are as follows:
● Hain Celestial
● Archer Daniels Midland
● Daiya Foods
● Arla Foods
● Cool Delight Desserts
● Sunopta
● Unilever
Industry News:
Many countries in the EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, as is the case in US and Canada, the rising vegan population and increasing awareness of veganism in the EU continue to drive demand for non-dairy frozen desserts.
European consumers will probably represent the largest share of the target group for non-dairy frozen desserts due to the strong rise in demand for bakery products and the growing vegan trend. Germany, Italy, and France are the most visited countries in Europe, creating opportunities for non-dairy frozen desserts providers to offer on-the-go non-dairy frozen desserts in the form of packaged foods.
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