Plant-Based Ice Creams Market Size (2025 – 2030)

The Global Plant-Based Ice Creams Market was valued at USD 1.3 billion in 2024 and is projected to grow at a CAGR of 9.5% from 2025 to 2030. The market is expected to reach USD 2.24 billion by 2030.

Plant-based ice creams are non-dairy alternatives made from ingredients such as almond milk, coconut milk, soy milk, oat milk, and other plant-derived bases. These products cater to the growing population of lactose-intolerant, vegan, and health-conscious consumers. The market's expansion is driven by increasing awareness about environmental sustainability, animal welfare, and the health benefits associated with plant-based diets. Innovative flavor profiles and the availability of plant-based ice creams in mainstream retail channels further contribute to market growth.

Key Market Insights:

• Almond milk-based ice creams held the largest share in 2024, accounting for over 35% of the market due to their creamy texture and neutral flavor profile.

• North America dominated the market in 2024 with a 40% revenue share, driven by a robust vegan movement and a strong focus on health-conscious eating.

• The retail segment, including supermarkets and hypermarkets, is the primary distribution channel for plant-based ice creams, contributing over 60% of sales.

• Millennials and Gen Z consumers represent the largest demographic for plant-based ice creams, favoring these products for their health, ethical, and environmental benefits.

Global Plant-Based Ice Creams Market Drivers:

Rising Demand for Vegan and Plant-Based Products is driving market growth:

The growing global trend towards veganism and plant-based diets is a primary driver for the plant-based ice creams market. Increasing awareness of animal welfare and environmental sustainability has led consumers to seek alternatives to traditional dairy-based products. Plant-based ice creams align with these ethical and environmental values, making them a preferred choice among vegan and flexitarian consumers. Additionally, the health benefits of plant-based products are widely recognized. They are often lower in saturated fat and cholesterol compared to traditional ice creams, making them suitable for health-conscious individuals. The versatility of plant-based ingredients also allows manufacturers to create products that cater to specific dietary needs, such as gluten-free, sugar-free, or allergen-friendly options, further broadening the consumer base.

Growing Incidence of Lactose Intolerance and Dairy Allergies is driving market growth:

The increasing prevalence of lactose intolerance and dairy allergies is another critical driver for the market. According to global health statistics, over 65% of the human population experiences some degree of lactose malabsorption, with the prevalence being particularly high in regions like Asia and Africa. Plant-based ice creams offer an excellent alternative for these individuals, providing the creamy and indulgent experience of ice cream without the digestive discomfort caused by dairy. Moreover, as consumers become more aware of their dietary sensitivities, they are proactively seeking products that align with their health requirements. Plant-based ice creams cater to this demand, with many products specifically labeled as lactose-free or allergen-friendly, ensuring their suitability for a wide range of consumers.

Innovations in Plant-Based Ice Cream Formulations and Flavors is driving market growth:

Innovation in the development of plant-based ice creams has significantly driven market growth. Manufacturers are continually experimenting with new plant bases, such as cashew, pistachio, and hemp, to enhance the texture, creaminess, and nutritional profile of their products. Additionally, advancements in food technology have enabled the creation of plant-based ice creams with a taste and texture almost indistinguishable from traditional dairy ice creams. Flavor innovation is another major factor. Beyond traditional flavors like vanilla and chocolate, brands are introducing unique options such as lavender honey, turmeric chai, and blueberry cheesecake. These innovative flavors appeal to adventurous consumers and help differentiate products in an increasingly competitive market. Partnerships with gourmet chefs and flavor houses further enhance the appeal of plant-based ice creams, ensuring sustained consumer interest and loyalty.

Global Plant-Based Ice Creams Market Challenges and Restraints:

High Cost of Plant-Based Ingredients and Products is restricting market growth:

One of the primary challenges facing the plant-based ice creams market is the high cost of plant-based ingredients. Almond milk, coconut milk, and other non-dairy bases are often more expensive than traditional dairy ingredients. Additionally, the production processes for plant-based ice creams, which involve specialized equipment and techniques to replicate the creaminess of dairy, contribute to higher manufacturing costs. These costs are reflected in the retail prices of plant-based ice creams, which are typically higher than their dairy counterparts. While premium pricing appeals to a niche segment of health-conscious and environmentally aware consumers, it can deter price-sensitive consumers from adopting plant-based alternatives. This poses a challenge, particularly in emerging markets where affordability is a key purchasing criterion.

Limited Awareness and Availability in Developing Regions is restricting market growth:

Although the plant-based ice creams market is growing rapidly in developed regions like North America and Europe, limited awareness and availability remain significant challenges in developing regions. Many consumers in these regions are unfamiliar with plant-based products and their benefits, resulting in lower adoption rates. Furthermore, the lack of established distribution networks and limited shelf space for plant-based products in traditional retail stores hinder market penetration. To address these challenges, manufacturers need to invest in consumer education and expand their distribution channels, including e-commerce platforms, to increase product accessibility and awareness in untapped markets.

Market Opportunities:

The plant-based ice creams market is ripe with opportunities, particularly in the areas of innovation, regional expansion, and sustainability. As consumer preferences evolve, there is a growing demand for plant-based products that offer indulgence without compromising on health or ethical values. This creates a significant opportunity for manufacturers to develop products that combine superior taste, texture, and nutritional benefits. Emerging markets in Asia-Pacific, Latin America, and the Middle East present untapped potential, driven by increasing disposable incomes and growing awareness of plant-based diets. Expanding distribution networks and leveraging digital marketing strategies can help brands establish a strong presence in these regions. Additionally, the rising popularity of clean-label products offers an opportunity for brands to highlight their use of natural, minimally processed ingredients and eco-friendly packaging. Collaborations with foodservice providers, such as cafes and restaurants, can further enhance the visibility and appeal of plant-based ice creams. By offering exclusive flavors or co-branded products, manufacturers can tap into the growing trend of plant-based dining and dessert experiences.

PLANT-BASED ICE CREAMS MARKET REPORT COVERAGE:

Plant-Based Ice Creams Market Segmentation: By Type

• Almond Milk-Based

• Coconut Milk-Based

• Soy Milk-Based

• Oat Milk-Based

• Cashew Milk-Based

• Others

Almond milk-based ice creams lead the market due to their creamy texture and neutral flavor profile, which allow for versatile flavor innovations and broad consumer appeal.

Plant-Based Ice Creams Market Segmentation: By Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Retail

• Specialty Stores

• Others

Supermarkets and hypermarkets dominate the distribution channel, accounting for the majority of sales. Their widespread presence and ability to offer a wide variety of plant-based ice cream products make them the preferred choice for consumers.

Plant-Based Ice Creams Market Segmentation: By Region

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

North America is the most dominant region in the plant-based ice creams market, driven by strong consumer demand for vegan and non-dairy products. The region's well-established retail infrastructure and high level of awareness about health and sustainability further contribute to its leadership.

COVID-19 Impact Analysis on the Plant-Based Ice Creams Market:

The COVID-19 pandemic significantly impacted the plant-based ice creams market. While the initial disruptions to supply chains and manufacturing operations posed challenges, the market quickly rebounded as consumer preferences shifted towards healthier and more sustainable food choices during the lockdowns. With many people spending more time at home, the desire for indulgent and comforting foods grew, driving up demand for plant-based ice creams. E-commerce emerged as a vital channel during the pandemic, enabling brands to connect with consumers through online platforms. This shift to digital sales allowed plant-based ice cream companies to maintain and expand their customer base, despite the challenges in physical retail. Furthermore, the pandemic accelerated the adoption of plant-based diets, as consumers became increasingly aware of the health benefits and environmental impact of their food choices. These factors collectively created a favorable environment for the growth of the plant-based ice creams market. As more people embrace plant-based eating for its health and sustainability benefits, the market is poised to continue its upward trajectory in the post-pandemic era. With ongoing innovations in flavors, textures, and ingredients, the plant-based ice cream sector is expected to thrive as consumers increasingly seek alternatives to traditional dairy products.

Latest Trends/Developments:

Health and wellness remain central, as consumers increasingly seek dairy-free options that are also lower in sugar, calories, and fat. In response, brands are introducing fortified ice creams enriched with nutrients like protein, fiber, and probiotics, catering to the demand for healthier indulgence. Sustainability is another key trend shaping the market, with companies focusing on eco-friendly packaging materials and ethical sourcing of ingredients. As consumers become more environmentally conscious, these practices help brands align with values that resonate with their target audience. The rise of direct-to-consumer models and subscription services is reshaping the way plant-based ice creams are sold, providing consumers with convenient access to a variety of options. These models allow brands to engage directly with their customers, offering tailored experiences and ensuring consistent product delivery. Technological advancements in food science are also playing a significant role in the market's growth. Innovations in plant-based formulations are enabling manufacturers to create ice creams that closely mimic the taste and texture of traditional dairy products, making them more appealing to a wider audience. Additionally, collaborations with celebrity chefs and influencers are enhancing brand visibility, particularly among younger demographics, and helping to increase the appeal of plant-based ice creams. As these trends continue to evolve, the plant-based ice cream market is poised for sustained growth, driven by consumer demand for healthier, more sustainable, and innovative dessert options.

Key Players:

1. Ben & Jerry's

2. So Delicious (Danone)

3. Halo Top Creamery

4. Oatly

5. Coconut Bliss

6. Arctic Zero

7. NadaMoo!

8. Tofutti Brands

9. Swedish Glace

10. Booja-Booja