Global Vegan Ice Cream Market Expected to Reach USD 1,027.4 Million by 2033 - IMARC Group

Global Vegan Ice Cream Market Statistics, Outlook and Regional Analysis 2025-2033

The global vegan ice cream market size was valued at USD 701.7 Million in 2024, and it is expected to reach USD 1,027.4 Million by 2033, exhibiting a growth rate (CAGR) of 4.3% from 2025 to 2033.

The increasing consumer preference for sustainable and plant-based diets is driving significant growth in the vegan ice cream market. Also, manufacturers are focusing on innovative formulations and flavors to cater to this expanding demographic with rising awareness of environmental and health benefits associated with plant-based alternatives. In contrast, key players in the vegan ice cream industry are responding by investing in R&D activities to enhance texture, flavor, and variety. For instance, in February 2024, Magnum introduced ‘chill blueberry cookie vegan ice cream sticks’ in the UK, Germany, Austria, and Switzerland. Featuring a blueberry sorbet core, vegan vanilla biscuit ice cream, and vegan milk chocolate coating, this launch highlights Magnum's commitment to innovation. It aligns with Unilever's ambitious target of €1.5 Billion in plant-based sales by 2025. At the same time, in June 2024, McDonald’s launched the vegan scoop frozen dessert in Choco and strawberry flavors, certified by The Vegetarian Society and priced affordably at £1.59. This product, available at select locations in North West England, showcases McDonald’s dedication to expanding its vegan offerings.

Moreover, the market is witnessing advancements in formulations aimed at improving the consumer experience. Ben & Jerry’s, a pioneer in the vegan ice cream segment, introduced a reformulated oat-based non-dairy ice cream portfolio in February 2024. The company developed a base that enhances texture and flavor, offering a creamier alternative to previous nut-based formulations. Overall, these developments, coupled with the increasing availability of vegan ice cream in mainstream retail channels and the growing consumer willingness to pay a premium for plant-based indulgence, are driving the expansion of the market.

Global Vegan Ice Cream Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe dominates the vegan ice cream market due to the rising health-conscious consumer behavior, the increasing lactose intolerance cases, and the growing environmental awareness driving demand for plant-based alternatives.

North America Vegan Ice Cream Market Trends:

In North America, the market is thriving due to the growing popularity of flexitarian diets, especially in the U.S. Brands like Ben & Jerry’s have introduced vegan flavors to cater to plant-based preferences. In addition to this, innovative flavors, such as Chocolate Fudge Brownie, appeal to health-conscious millennials. Also, the increasing retail availability in Canada ensures broader access to vegan ice cream across the region.

Europe Vegan Ice Cream Market Trends:

Europe is dominating the market, driven by the region significant product innovation, with key players introducing unique offerings to cater to diverse preferences. For instance, in February 2024, Magnum launched chill blueberry cookie vegan ice cream sticks across Europe, featuring a blueberry sorbet core, vegan vanilla biscuit ice cream, and chocolate coating, priced at £3.99. This development highlights the focus on expanding plant-based ranges to meet evolving consumer demand. Moreover, supportive government initiatives promoting vegan lifestyles and a strong retail network further solidify Europe’s leading position in the global market.

Asia-Pacific Vegan Ice Cream Market Trends:

In Asia-Pacific, the market growth is fueled by rising lactose intolerance and health awareness. In Japan, niche local brands are crafting unique flavors using traditional ingredients like matcha and azuki beans. Furthermore, the region also sees increased demand for coconut and almond milk-based alternatives, which cater to diverse dietary preferences and resonate with the cultural focus on health and wellness.

Latin America Vegan Ice Cream Market Trends:

Latin America is embracing vegan ice cream due to increasing environmental consciousness. Brazil, a leading market, is home to emerging brands offering tropical fruit-infused vegan flavors like açai and mango. Moreover, the rising disposable income and the growing awareness about plant-based diets are fostering market expansion, thereby making vegan ice creams an accessible indulgence for the region's urban consumers.

Middle East and Africa Vegan Ice Cream Market Trends:

The Middle East and Africa region sees a growing interest in vegan ice creams due to the rising urbanization and international brand presence. In the UAE, luxury plant-based offerings from brands like Alpro are gaining traction. In line with this, Middle Eastern consumers value halal-certified vegan products, and innovative flavors like date and saffron cater to local tastes, thereby supporting steady market growth.

Top Companies Leading in the Vegan Ice Cream Industry

Some of the leading vegan ice cream market companies include Arctic Zero, Booja-Booja, Double Rainbow Ice Cream, HappyCow, Morrisons, NadaMoo!, Over The MOO, Perry's Ice Cream, SorBabes, Tofutti Brands Inc., Unilever PLC, and Van Leeuwen Ice Cream, among many others. In March 2023, Booja-Booja relaunched its dairy-free ice cream collection with four new flavors, three recipe updates, and a striking new look launched to the trade. The new flavors are cookie dough, mango and raspberry, deep chocolate, and chocolate fudge brownie, alongside new improved editions of three existing varieties, namely caramel pecan praline, chocolate salted caramel, and vanilla.

Global Vegan Ice Cream Market Segmentation Coverage

• On the basis of the source, the market has been bifurcated into coconut milk, soy milk, almond milk, and cashew milk, wherein almond milk represents the most preferred segment. Almond milk appeals to consumers looking for dairy-free solutions, because of its inherent sweetness and lower calorie content, as compared to cow milk.
• Based on the flavor, the market is categorized into chocolate, caramel, coconut, vanilla, coffee, and fruit, amongst which caramel dominates the market. The rising demand for caramel vegan ice cream among individuals with lactose intolerance or dairy allergies because it has no animal-derived ingredients contributes to the market growth.
• On the basis of the sales type, the market has been divided into impulse, take home, and artisanal. Among these, take home exhibits a clear dominance in the market. Consumers are actively seeking convenient options to enjoy vegan ice cream at home without compromising on taste and quality, which is creating a positive market expansion.
• Based on the distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online stores, and others, wherein supermarkets and hypermarkets dominate the market. They offer a wide range of vegan ice cream varieties to cater to a broader consumer base.