Non-Dairy Frozen Desserts Market Expected to Show Steady Growth during the forecast period
Global Non-Dairy Frozen Desserts Market – Overview
The consumers are
largely shifting from heavy dairy based to non-dairy based frozen desserts
which is fuelling the demand for the product on the global stage. Market
Research Future, a firm which specializes in market reports related to the
Food, Beverages & Nutrition sector among others, recently forecasted in its
report on Global Non Dairy Frozen
Dessert Market Size Research Report- Forecast to 2023 that the market
will demonstrate an exceptional CAGR % while achieving million dollar growth
readily in the forecast period.
Majority of the frozen
desserts have the reputation of being high in sugar and calories, however, as
the consumers are focusing on health and well-being, a swift change in
consumers’ preference have been observed in recent years. Non-Dairy frozen
desserts are relatively less sugary and low in calories and therefore have become
preferred choice for many health conscious consumers. In addition, various
weight loss diet trends are set to boost the sale of sugar-free non-dairy
frozen desserts.
Growing demand for
plant based products and vegan diet trends are another factors supporting the
growth of non-dairy frozen dessert market. Furthermore, these products are
suitable for people who are lactose intolerant. Furthermore, non-dairy frozen
desserts such as sorbet, water ices, Italian ice, slush and some frozen coffee
beverages are considered to be free from pathogenic organisms usually found in
dairy based frozen desserts, thereby spiking the demand for the product.
However, some of the
ingredients such as soy can cause allergic reaction which can hinder the growth
of the market. Furthermore, there is a growing concern over inclusion of
genetically modified ingredients in non-dairy frozen desserts which can impede
the growth the market.
Latest Industry
Updates
Sep 2017 Affinity
Beverage Group, Inc announced that executed a letter of intent to acquire
majority interest in Artisanal Edge, LLC, the parent company of JAWEA
dairy-free desserts. JAWEA product portfolio include all natural, vegan, gluten
and soy free, coconut based “ice cream” which is available in five flavors.
JAWEA products contains less sugar. Through this acquisition, the company aims
to strengthen its health and wellness product portfolio.
July 2017 Nestle
launched a non-dairy range of Häagen-Dazs ice cream in the US. The product
contains ingredients such as Belgian chocolate, peanut butter, and coconut
cream but does not contain animal products. Through this launch, the company
aims to tap the growing demand for vegan products.
Feb 2016 Ben &
Jerry’s launched four vegan ice-creams under non-dairy frozen dessert category.
The products are made from almond milk base. Through this product launch, the
company aims to target consumers who follow vegan diet and to people who are
allergic to dairy based products.
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Global Non-Dairy
Frozen Desserts Market - Competitive Analysis
With the entry of key
industry players in the Non Dairy Frozen Dessert segment, a trend of solid,
volume-driven growth has been observed in the market with the development of
different varieties of product types. With companies aiming to tap a
considerable share of the market as early as possible, they are following both
organic and inorganic growth strategies. For instance, key industry giant such
as Nestle, ventured into non-dairy range of frozen dessert and launched
Häagen-Dazs ice cream in the US. Similarly, Ben & Jerry’s launched four
vegan ice-creams under non-dairy frozen dessert category. The industry players
aims to target consumers’ following vegan diet as well as people who are
lactose intolerant. Significant investment in research and development for
introduction of novel products which are customized as per local tastes and
preferences will support the company in revenue generation.
The key players
profiled in Non Dairy Frozen Dessert are as Hain Celestial (U.S.),
Cool Delight Desserts Ltd (U.K.), Daiya Foods Inc. (Canada), Arla Foods
(Denmark), Sunopta Inc. (Canada), Archer Daniels Midland Company (U.S.),
Unilever (U.K.), Ben & Jerry’s (U.S.), and Affinity Beverage Group, Inc
(U.S.) among many others.
Global Non Dairy
Frozen Dessert Market Size – Segments
The global Non Dairy Frozen
Dessert Market Size has been divided into type, ingredients, distribution
channel, and region.
On The Basis Of Type:
Custard, Sherbets, Frozen Yogurt, Sorbet, Nondairy ice-creams, and others
On The Basis Of
Ingredients: Soy Milk, Rice Milk, Almond Milk, Coconut Milk, Fruit puree &
pulp, and Others
On The Basis Of
Distribution Channel: Store-Based and Non-Store Based
On The Basis Of
Region: North America, Europe, Asia Pacific and ROW.
Global Non Dairy
Frozen Dessert Market Size - Regional Analysis
The global Non-dairy
frozen desserts market is segmented into North America, Europe, Asia Pacific,
and Rest of the World (RoW). Among this European region has major market share
followed by Asia Pacific and Europe. Growing number of consumers suffering from
lactose intolerance, vegan diet trend and rising disposable income in Asia
Pacific region are anticipated to drive the demand for Non-dairy frozen
desserts in that particular region. Furthermore rising working class population
and growing demand for on-the-go products especially in China and India will be
the crucial factor underlining the market growth.
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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