Vegan Ice Cream Market by Product and Geography - Forecast and Analysis 2020-2024

  • Published: May 2020
  • Pages: 120
  • SKU: IRTNTR43725

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The vegan ice cream market size is expected to grow by USD 601.21 mn and record a CAGR of 7% during 2020-2024.

This post-pandemic global vegan ice cream market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this vegan ice cream market analysis report, key drivers such as expanding global vegan population base have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges that will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Vegan Ice Cream Market Size be in 2020?

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Who are the Key Vendors in the Vegan Ice Cream Market?

The vegan ice cream market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Bliss Unlimited LLC
  • Danone SA
  • General Mills Inc.
  • Wells Enterprises Inc.
  • Happy Cow Ltd.
  • McDonald Corp.
  • Nestle SA
  • Tofutti Brands Inc.
  • Unilever Group
  • Wm Morrison Supermarkets Plc

 

The vegan ice cream market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This vegan ice cream market report further entails segmentations by Product (Take home, Impulse, and Artisanal) and Geography (North America, Europe, APAC, South America, and MEA). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Vegan Ice Cream Market?

Vegan-Ice-Cream-Market-Market-Share-by-Region-2019-2024

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The report offers an up-to-date analysis of the geographical composition of the market. North America had the largest market share in the vegan ice cream market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The new product launches will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

38% of the market’s growth will originate from North America during the forecast period. The US is the key market for vegan ice cream market in the region. This report provides estimations of the contribution of all regions to the growth of the vegan ice cream market size.

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What are the Key Factors Covered in this Vegan Ice Cream Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive vegan ice cream market growth during the next five years
  • Precise estimation of the vegan ice cream market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vegan ice cream market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vegan ice cream market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The vegan ice cream market growth will increase by $601.21 million during 2019-2024.
The vegan ice cream market is expected to grow at a CAGR of 6.93% during 2019-2024.
Technavio has segmented the vegan ice cream market by product (Take home, Impulse, and Artisanal) and geographic (North America, Europe, APAC, South America, and MEA).
Bliss Unlimited LLC, Danone SA, General Mills Inc., Wells Enterprises Inc., Happy Cow Ltd., McDonald Corp., Nestle SA, Tofutti Brands Inc., Unilever Group, Wm Morrison Supermarkets Plc are a few of the key vendors in the vegan ice cream market.
North America will register the highest growth rate of 38.23% among the other regions. Therefore, the vegan ice cream market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the vegan ice cream market growth are:
  • Expanding global vegan population base
The vegan ice cream market vendors should focus on grabbing business opportunities from the take home segment as it accounted for the largest market share in the base year.

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