Vegan Ice Cream Market Report 2025 (Global Edition)

Global Vegan Ice Cream Market Report 2025 Market Size Split by Source (Coconut Milk, Soy Milk, Almond Milk, Cashew Milk), by Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online),...

Vegan Ice Cream Market Report Description

We have various report editions of Vegan Ice Cream Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Vegan Ice Cream Market Insights Video

Competitive Landscape of the Vegan Ice Cream Market

The Vegan Ice Cream Market is highly competitive and has seen rapid growth, driven by the rising demand for plant-based products. Major companies, start-ups, and niche brands are actively competing, offering a wide variety of flavors, textures, and plant-based ingredients.

In April 2024, Researchers from the State University of Campinas (UNICAMP) did not use any substances originating from animals when creating their low-calorie ice cream. The results were published in the Brazilian Journal of Food Science Technology, volume 24, with the title Plant-based frozen desserts: Temporal Sensory Profile and Preference. (Source: https://www.news-medical.net/news/20240426/Sweet-success-UNICAMP-researchers-produce-vegan-ice-cream-with-soy-and-rice-protein.aspx)

Top Companies Market Share in Vegan Ice Cream Industry: (In no particular order of Rank)

• Bliss Unlimited
• LLC.
• General Mills Inc.
• Wells Enterprises
• Happy Cow Ltd.
• McDonald's
• Nestlé S.A.
• Tofutti Brands
• Inc.
• Unilever
• Wm Morrison Supermarkets Limited
• Boojabooja
• Eden Creamery LLC.
• Over The Moo
• Waitrose & Partners
• DREAM
• NADAMOO
• Van Leeuwen Ice Cream LLC
• Trader Joe's
• Ben & Jerry's Homemade
• Inc.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Vegan Ice Cream Market

Which Region Dominates the Vegan Ice Cream Market in 2024?

According to Cognitive Market Research, North America currently dominates the Vegan Ice Cream market, and the region is expected to have significant growth during the projected period. This is due to the region's growing demand for plant-based diets.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The segment expansion is attributable to the increasing disposable income.

The current report Scope analyzes Vegan Ice Cream Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Vegan Ice Cream Market Analysis

According to Cognitive Market Research, the global Vegan Ice Cream market size was estimated at USD 715.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 286.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Vegan Ice Cream market with a market size of USD 225.84 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. The U.S. market's growing investment.
• The Canada Vegan Ice Cream market had a market share of USD 34.35 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Canada’s rising investment in the food industry.
• The Mexico Vegan Ice Cream market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 26.05 million in 2024.

Europe Vegan Ice Cream Market Analysis

According to Cognitive Market Research, the global Vegan Ice Cream market size was estimated at USD 715.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 214.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• The United Kingdom Vegan Ice Cream market had a market share of USD 36.07 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. In the UK, Vegan Ice Cream sales witness an upswing due to the increasing demand for healthier food.
• The France Vegan Ice Cream market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 19.75 million in 2024.
• According to Cognitive Market Research, the German Vegan Ice Cream market size was valued at USD 42.51 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. In Germany, Vegan Ice Cream surged due to the presence of major market players.
• The Italy Vegan Ice Cream market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 18.46 million in 2024.
• The Russia Vegan Ice Cream market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 33.28 million in 2024.
• The Spain Vegan Ice Cream market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 17.60 million in 2024
• The Luxembourg Vegan Ice Cream market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 6.66 million in 2024.
• The Portugal Vegan Ice Cream market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 4.51 million in 2024.
• The Greece Vegan Ice Cream market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 2.58 million in 2024.
• The Rest of Europe's Vegan Ice Cream market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 33.28 million in 2024.

Asia Pacific Vegan Ice Cream Market Analysis

According to Cognitive Market Research, the global Vegan Ice Cream market size was estimated at USD 715.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 164.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Vegan Ice Cream market size was valued at USD 74.06 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Vegan Ice Cream surged in China due to technological innovation.
• The Japan Vegan Ice Cream market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 22.71 million in 2024.
• The India Vegan Ice Cream market had a market share of USD 19.75 million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. India's rising trends of healthier lifestyles.
• The South Korean Vegan Ice Cream market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 16.46 million in 2024.
• The Australian Vegan Ice Cream market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 8.56 million in 2024.
• The South East Asia Vegan Ice Cream market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 11.36 million in 2024.
• The Rest of Asia Pacific Vegan Ice Cream market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 11.69 million in 2024.

South America Vegan Ice Cream Market Analysis

According to Cognitive Market Research, the global Vegan Ice Cream market size was estimated at USD 715.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 35.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Vegan Ice Cream market size was valued at USD 15.31 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. Vegan Ice Cream flourished in Brazil due to increasing demand for plant based food.
• Argentina's Vegan Ice Cream market had a market share of USD 6.01 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Argentina's rising technical advancements.
• Colombia Vegan Ice Cream market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 3.18 million in 2024.
• Peru Vegan Ice Cream market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 2.93 million in 2024.
• Chile Vegan Ice Cream market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 2.58 million in 2024.
• The Rest of Latin America's Vegan Ice Cream market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 5.76 million in 2024.

Middle East Vegan Ice Cream Market Analysis

According to Cognitive Market Research, the global Vegan Ice Cream market size was estimated at USD 715.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 14.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031..

• The GCC Countries Vegan Ice Cream market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 6.13 million in 2024. Ultrasonic Air Bubble Detector sales flourish due to the presence of major market players.
• The Egypt Vegan Ice Cream market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 1.50 million in 2024.
• The South Africa Vegan Ice Cream market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 2.26 million in 2024. The market sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Vegan Ice Cream market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 1.23 million in 2024.
• The Nigeria Vegan Ice Cream market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 1.50 million in 2024.
• The Rest of the MEA Vegan Ice Cream market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 1.69 million in 2024.

Vegan Ice Cream Market Analysis

Vegan Ice Cream Market Source Segment Analysis

According to Cognitive Market Research, Coconut Milk is likely to dominate the Vegan Ice Cream Market over the forecast period. Because of the increase in lactose intolerance, milk allergies, and the trend toward plant-based diets, there has been an increasing demand for dairy-free goods. Coconut milk's creamy smoothness and widespread consumer acceptability have made it a top option for vegan ice cream producers. This change has increased sales of vegan ice cream with coconut milk as more people choose dairy-free options.

Soy Milk is the fastest-growing segment in the Vegan Ice Cream Market. Soy milk has been a staple in the vegan and plant-based market for decades. As one of the first widely available dairy alternatives, soy milk has an established consumer base. This has translated into consistent demand for soy milk-based vegan ice cream, contributing to steady revenue growth over the years.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vegan Ice Cream Industry. Request a Free Sample PDF!

Vegan Ice Cream Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Supermarket/Hypermarket segment holds the largest share of the market. The segment expansion is attributed to the availability of a variety of products under one roof.

In the Vegan Ice Cream Market, the online has been expanding at a rapid pace. The segment growth is attributed to the convenience offered through shopping online.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Vegan Ice Cream flavor Segment Analysis

Vegan Ice Cream Market Flavor Segment Analysis

According to Cognitive Market Research, the Chocolate Vegan Ice Cream segment holds the largest market share. Chocolate is a universally beloved flavor, and in the vegan ice cream market, it remains a top choice. The deep, rich flavor of chocolate appeals to a broad consumer base, ranging from strict vegans to flexitarians and those with lactose intolerance or milk allergies.

In the Vegan Ice Cream market, the rapidly growing sector is the Coconut Vegan Ice Cream category. The growth in this category is attributed to the rising product launch.

• Chocolate Vegan Ice Cream
• Caramel Vegan Ice Cream
• Coconut Vegan Ice Cream
• Vanilla Vegan Ice Cream
• Coffee Vegan Ice Cream
• Fruit Vegan Ice Cream

Author's Detail

Sneha Singh

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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