Dairy-Free Ice Cream Market Worth $1.2 Billion By 2025 | CAGR: 14.8%: Grand View Research, Inc.

Read 80 page research report with TOC on "Dairy-Free Ice Cream Market Size, Share & Trends Analysis Report, By Source, By Flavor (Chocolate, Vanilla), By Distribution Channel (Supermarket/Hypermarket, Online), And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/dairy-free-ice-cream-market Read 80 page research report with TOC on "Dairy-Free Ice Cream Market Size, Share & Trends Analysis Report, By Source, By Flavor (Chocolate, Vanilla), By...

Read 80 page research report with TOC on "Dairy-Free Ice Cream Market Size, Share & Trends Analysis Report, By Source, By Flavor (Chocolate, Vanilla), By Distribution Channel (Supermarket/Hypermarket, Online), And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/dairy-free-ice-cream-market

Coconut is a major source for the production of vegan ice cream and it accounted for 37.4% share of the overall revenue in 2018. Easy availability and increasing consumer demand are expected to fuel the demand for coconut milk in vegan ice cream market in the forecast period. Almond milk is the fastest growing segment among all the sources, expanding at a CAGR of 15.8% in the forecast period. Nutritional benefits of almond milk are the key factor responsible for the segment growth in vegan ice cream market.

Non-dairy ice cream is found in various flavors in the market. Chocolate is the most preferred flavor among consumers and it accounted for 36% share of the overall revenue in 2018. Rising demand for chocolate chips among consumers is the key factor for the segment growth in non-dairy ice cream market.

Furthermore, flavor preferences differ from country to country. For instance, lemon is the most favorite flavor among consumers in Europe. Vanilla is the second most preferred flavor in the global non-dairy ice cream market and it is expected to expand at a CAGR of 14.4% in the forecast period.

Supermarket/hypermarket is the most preferred channel among all, expanding at a CAGR of 15.1% in the forecast period. The online segment is anticipated to expand at a CAGR of 16.7% in the forecast period. Shifting consumer preferences towards online shopping have propelled the demand for online stores in the dairy-free ice cream market.

Grand View Research has segmented the global dairy-free ice cream market on the basis of source, flavor, distribution channel, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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