PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1119148
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1119148
Global Non-Dairy Frozen Dessert Market is valued approximately USD 5.43 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.70% over the forecast period 2022-2028. The steady migration of customers away from dairy-based frozen products and toward non-dairy-based frozen products is driving product demand. Plant-based diets are becoming increasingly popular among consumers because they are high in protein, low in calories, and promote better cholesterol levels. Socialization trends, greater health awareness, and the rising prevalence of lactose intolerance and other dairy-related health concerns are expected to drive the industry's growth throughout the projected period. As vegetarian, flexitarian, and vegan diets became more popular, the COVID-19 pandemic had a favourable influence on the non-dairy frozen dessert business. Concerns about the environment, personal health, animal welfare, and global sustainability spurred the desire for nondairy and plant-based diets. As customers grew more aware of the significance of health and good eating, the pandemic boosted the development of non-dairy dessert items. According to the International Food Information Council's (IFIC) Food & Health Survey 2020, 85 percent of Americans have changed their eating patterns as a result of the epidemic. Several product launches with varying flavours will stimulate the non-dairy frozen dessert industry throughout the projection period. Bruster's Real Ice Cream, for example, reintroduced a non-dairy ice cream line with 14 different flavours created with oats milk in April 2022. The company's goal is to provide a better, creamier product with improved flavour and quality. The increased penetration of new entrants will increase the number of distribution channels, boosting the overall sales volume of the product. The high cost of Non-Dairy Frozen Dessert, on the other hand, stifles market expansion throughout the projection period of 2022-2028.
The key regions considered for the Global Non-Dairy Frozen Dessert Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America contributed the most to the worldwide market. As clients seek a premium, healthier option, the region's non-dairy frozen dessert business has grown significantly. This region's consumers are looking for a sustainable, ethical, and low-calorie lifestyle, which has fueled product demand. During the forecast period, Europe is predicted to expand at the quickest CAGR. Consumers are seeking for non-dairy choices that fit their lifestyle and are putting a lot more attention on what they eat, which has fueled demand for non-dairy frozen treats in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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