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The Herbal Ice Cream market report offers compelling information on the key factors impacting the growth in key segments including product types, shape, flavor, source, and sales channel. It also highlights the strategies adopted by players to increase sales in the Herbal Ice Cream market.
DUBAI, United Arab Emirates, July 21, 2021 / PRNewswire / – According to an IMF study, the vegetable ice cream market should reach a value of US $ 1,492.5 million in 2021. It is also expected to post a CAGR of 9.3% during the evaluation period between 2021 and 2031.
The global herbal ice cream market is expected to register an annual growth of 11.1% in 2021, despite the challenges posed by the COVID-19 epidemic. The increased emphasis on healthy eating during a pandemic will create lucrative growth prospects. the North America The market is expected to register a CAGR of 9.7%, due to increasing concerns for environmental sustainability and animal welfare during the forecast period.
The shift in consumer preferences towards conscious and healthy lifestyle habits is impacting many industries as consumers try to choose better alternatives to conventional products. This is mainly influenced by the influence of social media and the proliferation of vegan culture.
In addition, the emphasis on healthy eating and reducing the consumption of dairy products will create opportunities for plant-based ice cream sales in the years to come. While ethical reasons remain at the forefront of the paradigm shift in consumer preferences, growing health concerns should not be ignored.
The incidence of diabetes and obesity is increasing, which are often common underlying causes of various chronic diseases. Adopting a healthier lifestyle is seen as a preferred lifestyle choice by a growing number of consumers.
This trend will continue to increase in the years to come, prompting market players to focus on product launches. As companies spoil consumers with choices, sales of herbal ice cream will increase as a result.
Coupled with this, the increase in cases of lactose intolerance is creating a large customer base in the field of non-dairy products. A sedentary lifestyle can also cause lactose intolerance. The increasing prevalence of this health problem encourages consumers to adopt alternative choices for a healthier lifestyle. This bodes well for the market in the years to come.
“The major players in the global market are investing in product launches and innovations because the opportunity remains large and unexplored. They are experimenting with new ingredients and food products to carve out a niche in a highly competitive market, â€says an IMF analyst.
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Key points to remember
- Asia Pacific The demand is expected to grow due to the increasing population of lactose intolerant people in the region.
- The United States is expected to dominate the North America market because consumers are more inclined to adopt a healthy lifestyle.
- The United Kingdom and Germany will become leading markets in Europe, driven by the proliferation of the vegan trend in countries.
- Almond milk will become a preferred source for herbal ice creams. It will also remain a flavor of choice among consumers.
Key factors
- Plant-based or natural products are considered healthier than dairy alternatives, which will fuel plant-based ice cream sales.
- Growing concerns about the environment and alternative choices to avoid animal products for ethical reasons are expected to make the plant-based ice cream market a thriving industry in the future.
- The trend of vegan eating habits will fuel the demand for plant-based ice cream in the global market.
Restriction Keys
- The complicated formulation of herbal ice creams compared to their conventional counterparts results in high processing costs, hampering the growth of the market.
- Removing dairy from ice cream makes food labeling more difficult because more substitute ingredients are needed to produce a similar taste and texture. This should pose a potential threat to herbal ice cream sales.
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Competitive landscape
The major players operating in the global herbal ice cream market are investing heavily in research and development activities to innovate new products and expand their product portfolio.
For example, Hindustan Unilever bought Adityaa, the Karnataka-based ice cream brand from Vijaykant Dairy and Food Products Limited (VDFPL) to seek more market share and sell local brands internationally.
Froneri, a UK-based ice cream joint venture owned by R&R and Nestlé, has launched a new brand of plant-based ice cream called Roar. This brand of ice cream focuses on saving endangered federal cats. The new brand has formed a long-term partnership with Panthera to sponsor and financially support the Tigers Forever Fund.
The major players operating in the global herbal ice cream market as presented by IMF are:
- BEN & JERRY’S HOMEMADE, INC. (Unilever Plc.)
- Bliss Unlimited, LLC,
- LUV Ice Cream LLC
- SO DELICIOUS WITHOUT DAIRY PRODUCTS (Danone)
- Oatly AB
- Jollyum Co.
- La Booja-Booja Co.
- Ice cream for little baby
- Glace Klein’s inc.
- Frankie & Jo
- Happy Cow Ltd.
- Tofutti Brands Inc.
- Breyers (Unilever Plc.)
- Dream (Céleste Hain Group)
- Nadamoo
- ZERO ARCTIC, Inc.
- Luxury gelato with snowflakes
- Frozen desserts wink
- Nobo ltd.
- Imuraya Group Co. Ltd.
More information on the herbal ice cream market
IMF provides unbiased analysis of the Herbal Ice Cream market, presenting historical demand data (2016-2020) and forecast statistics for the forecast period 2021-2031. The study reveals compelling insights into the global Herbal Ice Cream market with detailed segmentation on the basis of
By form
By product type
- Bars
- Cones
- Cups / tubs
- Other
By flavor
- Fruits
- strawberry
- banana
- Orange
- Raspberry
- Grenade
- Lemon
- Other
- Nuts
- Coconut
- Almond
- Hazelnut
- Other
- Herbs
- Cinnamon
- mint
- Pepper mint
- Other
- Beans
- Vanilla
- Chocolate
- Coffee
- Other
By provenance
- Soy milk
- Coconut milk
- Almond milk
- Cashew milk
- Other
By sales channel
- Direct sales
- Indirect sales
- Hyper / Supermarket
- Franchise
- Online
- Other retail formats
By region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- AEM
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Key questions addressed in herbal ice cream Market report
- The report offers in-depth information on the demand outlook for Herbal Ice Cream for 2021-2031
- The market study also highlights the predicted sales growth for the Herbal Ice Cream market between 2021 and 2031.
- The Herbal Ice Cream market research identifies key growth drivers, restraints, and other forces impacting prevailing trends, assessing the current market size, and technological advancement within industry
- Analyzing the Herbal Ice Cream market share of key companies in the industry and covering strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.
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