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The vegan ice cream market size is forecast to increase by USD 1.31 billion at a CAGR of 10% between 2023 and 2028. The market is experiencing significant growth due to the increasing health awareness and dietary restrictions among consumers. The frozen dessert industry is witnessing a shift towards plant-based and dairy-free alternatives, as people seek healthier food options. Innovative flavors and wellness positioning are key trends driving market growth. Impulse buying is a key trend, with consumers purchasing vegan ice cream from convenience stores, restaurants, and online stores. Coconut milk, almond milk, cashew milk, and soy milk are some of the common plant-based bases used in vegan ice cream production. Vegan ice cream, with its rich and creamy texture, is increasingly being adopted by consumers seeking innovative flavors in the fast food and quick-service restaurant (QSR) sector. E-commerce platforms are facilitating the sale of vegan ice cream, making it more accessible to consumers. However, the market is becoming increasingly saturated, and ingredient supply can be a challenge for companies. As the vegan population base expands, companies are adopting various strategies to stay competitive, including product recalls and continuous innovation to meet consumer demands. This market analysis report provides a comprehensive overview of the market, including market size, trends, and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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