Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Non-Dairy Frozen Dessert Market size is expected to reach $8.7 billion by 2028, rising at a market growth of 8.5% CAGR during the forecast period.
The Ice Cream segment acquired maximum revenue share in the Global Non-Dairy Frozen Dessert Market by Type in 2021 thereby, achieving a market value of $2.8 billion by 2028. It is due to the increase in consumers who are concerned about their health and the environment. Almonds, coconut, soy, and other plant-based milk are used to make dairy-free ice cream. It has a high fiber content, which lowers body mass index. Ice creams made with soymilk are also a great source of isoflavones, which have anti-cancer benefits.
The Food Service segment is showcasing CAGR of 9.5% during (2022 - 2028). It is due to the consumption of premium flavored non-dairy frozen desserts that have recently surged in bars, cafes, restaurants, and other food service establishments. Because these food service establishments provide dairy-free, gut-friendly frozen desserts with unique ingredients and flavors, their consumption through these channels has expanded.
The North America market dominated the Global Non-Dairy Frozen Dessert Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.2 billion by 2028.The Europe market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 9.2% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Yoga-urt, Jeni's Splendid Ice Creams, LLC, Perfect Day, Inc. (The Urgent Company, Inc.), Miyoko's Creamery, NadaMoo!, Ripple Foods, DiNoci Natural Foods LLC, NOONA’S ICE CREAM, LLC., Breyers (Unilever), and So Delicious Dairy Free (WhiteWave Foods) (Danone SA).
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