# Plant Based Ice Creams Market Expected to Grow at a CAGR of 9.3% During 2021-2031
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-03-02
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Plant-Based Ice-Cream Market Report: Growth Forecast 2021-2031
Meta Description: Discover the rising demand for plant-based ice-creams fuelled by lactose intolerance and higher protein content. Get insights on market growth and prominent
URL: https://financedigest.com/plant-based-ice-creams-market-expected-to-grow-at-a-cagr-of-9-3-during-2021-2031html

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Future Market Insights’ recent report on the global market for [plant-based ice-creams](https://www.futuremarketinsights.com/reports/plant-based-ice-creams-market) reveals that the rising prevalence of lactose intolerance in creating a vast consumer base for such non-dairy products. Increasing population of lactose intolerant consumers is observed to be driving force for growing consumption of plant-based ice-creams.

Moreover, higher protein content in plant-based ice-creams is making them healthier options among ice-creams. Producers of plant-based ice-creams are focusing towards improving the taste of these ice-creams as [consumers are demanding](https://www.financedigest.com/global-emi-shielding-market-significantly-hit-by-lack-of-consumer-demand-scenario-post-covid-19-crisis-likely-to-remain-gloom.html "Global EMI Shielding Market Significantly Hit By Lack Of Consumer Demand; Scenario Post Covid-19 Crisis Likely To Remain Gloom") a wide variety of flavours.

Following [highlights from the report will elucidate the growth of global plant-based ice-creams market](https://www.financedigest.com/atlantia-exit-highlights-milans-battle-to-retain-market-heavyweights.html "Atlantia exit highlights Milan’s battle to retain market heavyweights") during the forecast period, 2021-2031. According to the report, [towards the end](https://www.financedigest.com/boe-raises-rates-again-as-investors-look-towards-end-of-hikes.html "BoE raises rates again as investors look towards end of hikes") of 2027, the global consumption of plant-based ice-creams will reach 500 thousand tonnes, reflecting an estimated value of US$ 2.45 Bn.

Growth of the global plant-based ice-creams market will be marginally lower than its [revenue](https://www.financedigest.com/generator-up-to-20-kva-market-poised-to-garner-maximum-revenues-during-2019-2027.html "Generator (Up to 20 kVA) Market Poised to Garner Maximum Revenues During 2019-2027") growth as the market is expected to reflect of a volume CAGR of 9.1% and a value CAGR of 9.3% over the forecast period.

Demand for cups or tubs of plant-based ice-creams, on the other hand, will rise as global sales [recorded](https://www.financedigest.com/global-energy-related-co2-emissions-edged-up-to-record-high-in-2022-iea.html "Global energy-related CO2 emissions edged up to record high in 2022 – IEA") in this product segment will contribute to nearly 30% of global market value by the end of 2031.

In 2021 and beyond, the [global demand for plant-based ice-creams in single-flavour form will be slightly lower than that of blends as the latter form of plant-based ice-cream will dominate with a global revenue share](https://www.financedigest.com/mldw-technology-market-size-share-top-leading-companies-consumption-drivers-trends-forces-analysis-revenue-challenges-and-global-forecast-2028.html "MLDW Technology Market: Size, Share, Top Leading Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges And Global Forecast 2028") of 51% and above.

The report predicts that fruits, dry fruits (nuts) and beans will be prominent flavours of plant-based ice-creams. By 2031, nearly 140 thousand tonnes of        plant-based ice-creams are [expected to be consumed](https://www.financedigest.com/chemicals-and-consumer-industry-are-expected-to-drive-demand-for-heptaldehyde-market.html "Chemicals And Consumer Industry Are Expected To Drive Demand For Heptaldehyde Market") across the globe.

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Majority of plant-based ice-creams produced in the world will be sourced from [soy milk](https://www.financedigest.com/the-soy-milk-market-to-prove-its-servility-to-technological-advancements.html "The Soy Milk Market To Prove Its Servility To Technological Advancements"). Through 2031, plant-based ice-creams sourced from soy milk are predicted to register above [10% CAGR](https://www.financedigest.com/air-treatment-products-market-is-projected-to-expand-at-nearly-10-cagr-over-the-2021-2031.html "Air Treatment Products Market is projected to expand at nearly 10% CAGR over the 2021-2031") in terms of revenue.

Global revenues accounted by direct sales of plant-based ice-creams will be gaining traction [throughout the forecast period](https://www.financedigest.com/ultra-wideband-chipset-market-to-witness-robust-expansion-throughout-the-forecast-period-2020-2030.html "Ultra Wideband Chipset Market to Witness Robust Expansion throughout the Forecast Period 2020 – 2030"), registering a value CAGR of 10%. On the other hand, indirect sales channels for plant-based ice-creams are dominating the market with nearly [60% value share](https://www.financedigest.com/permitted-share-of-chinas-yuan-in-russian-wealth-fund-doubled-to-60-finance-minister.html "Permitted share of China’s yuan in Russian wealth fund doubled to 60% -Finance Minister"), albeit, their global revenue contribution is expected to incur a considerable decline by 2031-end.

By the end of 2031, North America and Western Europe are [expected to dominate the global plant-based ice-creams market](https://www.financedigest.com/digital-pathology-market-is-expected-to-reach-us-22870-2-million-by-2032-at-a-cagr-of-13-5.html "Digital Pathology Market is expected to reach US$ 22,870.2 Million by 2032 at a CAGR of 13.5%") as these regions will individually attribute to an estimated 34% of global revenues.

The Asia-Pacific excluding Japan (APEJ) region is also accounting for a considerable share in global revenues, however, consumption of plant-based ice-creams is [expected to lose traction in the APEJ market](https://www.financedigest.com/automotive-wiring-harness-market-is-expected-to-grow-at-considerable-cagr-of-7-9-through-2032-fmi-reveals-key-details.html "Automotive Wiring Harness Market is expected to Grow at considerable CAGR of 7.9% through 2032: FMI reveals key details") towards the latter half of the forecast period.

**Contact Sales for Further Assistance in Purchasing this Report @** [https://www.futuremarketinsights.com/checkout/2461](https://www.futuremarketinsights.com/checkout/2461)

The [report also profiles prominent players in the global plant-based ice-cream market](https://www.financedigest.com/prefabricated-homes-market-report-2021-by-global-key-players-types-applications-countries-market-size-forecast-to-2029.html "Prefabricated Homes Market Report 2021 By Global Key Players, Types, Applications, Countries, Market Size, Forecast To 2029"), which include Ben & Jerry’s Homemade Inc., Bliss Unlimited, LLC, LUV Ice Cream LLC, SO DELICIOUS DAIRY FREE (Danone), Oatly AB, Jollyum Co., The Booja-Booja Co., LITTLE BABYS ICE CREAM LLC, Klein’s Ice Cream Inc., and Frankie & Jo’s. Other key players in the [market are observed](https://www.financedigest.com/non-dairy-creamer-market-is-expected-to-observe-a-cagr-of-6-4-over-2021-2031-fmi.html "Non Dairy Creamer Market is expected to observe a CAGR of 6.4% over 2021-2031 | FMI") to be Happy cow ltd., Tofutti, Breyers, Dream, Nadamoo, ARCTIC ZERO, Inc., Snowflake Luxury Gelato, Wink Frozen Desserts, Nobó ltd., Imuraya Group Co. Ltd.

Market Taxonomy

**By Form**

- Singles
- Blends

**By** [Product Type](https://www.financedigest.com/extruded-soy-products-market-overview-analysis-by-source-type-product-regional-outlook-industry-analysis-report-and-forecast-2022-2029.html "Extruded Soy Products Market Overview & Analysis by Source, Type, Product, Regional Outlook, Industry Analysis Report and Forecast, 2022 – 2029")

- Bars
- Cones
- Cups/Tubs
- Others

**By Flavor**

- Fruits
  - Strawberry
  - Banana
  - Orange
  - Raspberry
  - Pomegranate
  - Lemon
  - Others
- Nuts
  - Coconut
  - Almond
  - Hazelnut
  - Others
- Herbs
  - Cinnamon
  - Mint
  - Peppermint
  - Others
- Beans
  - Vanilla
  - Chocolate
  - Coffee
  - Others

**By Source**

- Soy Milk
- [Coconut Milk](https://www.financedigest.com/the-coconut-milk-market-to-prove-its-servility-to-technological-advancements.html "The Coconut Milk Market To Prove Its Servility To Technological Advancements")
- [Almond Milk](https://www.financedigest.com/continual-inventions-to-accelerate-the-almond-milk-market.html "Continual Inventions To Accelerate The Almond Milk Market")
- Cashew Milk
- Others

**By Sales Channel**

- Direct Sales
- Indirect Sales
- Hyper/Supermarket
- Franchise Outlet
- Online
- Other Retail Formats

**About [Future Market Insights](https://www.financedigest.com/plant-based-protein-market-is-expected-to-grow-at-a-cagr-of-around-7-2-during-2022-to-2032-future-market-insights-inc.html "Plant-Based Protein Market is expected to grow at a CAGR of around 7.2% during 2022 to 2032 | Future Market Insights Inc.") (FMI)**

[Future Market Insights (FMI)](https://www.futuremarketinsights.com/) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest [market research reports](https://www.futuremarketinsights.com/reports) and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated [market research reports deliver actionable insights](https://www.financedigest.com/premium-chocolate-market-is-expected-to-have-a-cagr-of-8-8-through-2032-future-market-insights-inc.html "Premium Chocolate Market is Expected to have a CAGR of 8.8% through 2032 | Future Market Insights Inc. ") that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks [emerging trends](https://www.financedigest.com/blood-bag-tube-sealer-market-to-witness-excellent-revenue-growth-overview-emerging-trends-and-forecast-by-2028.html "Blood Bag Tube Sealer Market to Witness Excellent Revenue Growth, Overview, Emerging Trends and Forecast by 2028") and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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