Asia-Pacific Vegan Ice Cream Market Growth, Size, Share, Industry Report and Forecast 2020-2026
Asia-Pacific vegan ice cream market is estimated to witness a strong CAGR of 9.8% during the forecast period (2020-2026). With rapid economic growth, increasing urbanization, rising veganism, and accelerated integration into the global market, there has been a surge in the number of vegan and vegetarian population in most of the countries in the region. Increasing focus on cruelty-free foods and products has been a major factor for the growth of the vegan ice cream market in the Asia-Pacific.
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The vegan ice cream options in
supermarkets/hypermarkets in the 1st and 2nd tier cities of developing nations
such as China and India have skyrocketed in the last two years. Individuals are
increasingly exposed to such products and are buying these as purchasing
patterns among consumers changes. Growth witnessed in this sector across the
region has resulted in the emergence of established ice cream players in the market.
Ice cream giants in developed countries have been looking to seek opportunities
overseas, such as in the Asia-Pacific, responding to the impact of increasing
domestic competition.
Tapping on the opportunities overseas has been
supported by the liberalization of rules relevant to FDI (Foreign Direct
Investment) in numerous countries. However, as the Asia-Pacific being the
highest growing economies and holding the maximum potential growth for the
vegan ice cream market, the developments have not been driven only by
international retailers, the past two years have also witnessed the emergence
of national chains in the region.
Market Coverage
·
The market number available for – 2019-2026
·
Base year- 2019
·
Forecast period- 2020-2026
·
Segments Covered- by Source, Flavor, and Distribution
Channel
·
Countries Covered- China, India, Japan, ASEAN, South
Korea, and Rest of Asia-Pacific
·
Competitive Landscape- Ben & Jerry's Homemade
Holdings Inc (Unilever), DREAM, Hangyo Ice Creams Pvt. Ltd.; Papacream, and
WaHiki Limited
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Asia-Pacific Vegan Ice Cream Market Report Segment
By Source
·
Almond Milk
·
Cashew Milk
·
Coconut Milk
·
Soy Milk
·
Others (Oat Milk, Rice Milk)
By Flavour
·
Caramel
·
Chocolate
·
Coconut
·
Coffee
·
Fruit
·
Vanilla
·
Others
By Distribution Channel
·
Convenience Stores
·
Supermarkets/Hypermarkets
·
Online Stores
Asia-Pacific Vegan Ice Cream Market Report Segment
·
China
·
Japan
·
India
Rest of Asia-Pacific
Company Profiles
·
Hangyo Ice Creams Pvt. Ltd.
·
Happy Cow, Ltd.
·
NADAMOO! (Little Red Rooster Ice Cream Company)
·
NOMOU
·
Oatly AB
·
Over The Moo Pty, Ltd.
·
Papacream
·
The Hain Celestial Group
·
Urban Platter
·
WaHiki Limited
·
WhiteCub
·
Unilever Group
·
Veganarke Enterprises Pvt. Ltd.
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