Global Non-Dairy Frozen Desserts Market Information- by Type (Custard, Sherbets, Frozen Yogurt, Sorbet, Nondairy ice-creams, and others), Ingredient (Soy Milk), Distribution Channel (Store-Based) and Region - Forecast to 2023
pune, India -- (SBWIRE) -- 03/05/2018 -- Market Overview:
The consumers are largely shifting from heavy dairy based to non-dairy based frozen desserts which is fuelling the demand for the product on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Non Dairy Frozen Dessert Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Majority of the frozen desserts have the reputation of being high in sugar and calories, however, as the consumers are focusing on health and well-being, a swift change in consumers' preference have been observed in recent years. Non-Dairy frozen desserts are relatively less sugary and low in calories and therefore have become preferred choice for many health conscious consumers. In addition, various weight loss diet trends are set to boost the sale of sugar-free non-dairy frozen desserts.
Growing demand for plant based products and vegan diet trends are another factors supporting the growth of non-dairy frozen dessert market. Furthermore, these products are suitable for people who are lactose intolerant. Furthermore, non-dairy frozen desserts such as sorbet, water ices, Italian ice, slush and some frozen coffee beverages are considered to be free from pathogenic organisms usually found in dairy based frozen desserts, thereby spiking the demand for the product.
However, some of the ingredients such as soy can cause allergic reaction which can hinder the growth of the market. Furthermore, there is a growing concern over inclusion of genetically modified ingredients in non-dairy frozen desserts which can impede the growth the market.
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Latest Industry Updates:
Sep 2017 Affinity Beverage Group, Inc announced that executed a letter of intent to acquire majority interest in Artisanal Edge, LLC and the parent company of JAWEA dairy-free desserts. JAWEA product portfolio include all natural, vegan, gluten and soy free, coconut based "ice cream" which is available in five flavors. JAWEA products contains less sugar. Through this acquisition, the company aims to strengthen its health and wellness product portfolio.
July 2017 Nestle launched a non-dairy range of Häagen-Dazs ice cream in the US. The product contains ingredients such as Belgian chocolate, peanut butter, and coconut cream but does not contain animal products. Through this launch, the company aims to tap the growing demand for vegan products.
Feb 2016 Ben & Jerry's launched four vegan ice-creams under non-dairy frozen dessert category. The products are made from almond milk base. Through this product launch, the company aims to target consumers who follow vegan diet and to people who are allergic to dairy based products.
With the entry of key industry players in the Non Dairy Frozen Dessert segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to tap a considerable share of the market as early as possible, they are following both organic and inorganic growth strategies. For instance, key industry giant such as Nestle, ventured into non-dairy range of frozen dessert and launched Häagen-Dazs ice cream in the US. Similarly, Ben & Jerry's launched four vegan ice-creams under non-dairy frozen dessert category. The industry players aims to target consumers' following vegan diet as well as people who are lactose intolerant. Significant investment in research and development for introduction of novel products which are customized as per local tastes and preferences will support the company in revenue generation.
The key players profiled in Non Dairy Frozen Dessert are as Hain Celestial (U.S.), Cool Delight Desserts Ltd (U.K.), Daiya Foods Inc. (Canada), Arla Foods (Denmark), Sunopta Inc. (Canada), Archer Daniels Midland Company (U.S.), Unilever (U.K.), Ben & Jerry's (U.S.), and Affinity Beverage Group, Inc (U.S.) among many others.
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The global Non-dairy frozen desserts market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this European region has major market share followed by Asia Pacific and Europe. Growing number of consumers suffering from lactose intolerance, vegan diet trend and rising disposable income in Asia Pacific region are anticipated to drive the demand for Non-dairy frozen desserts in that particular region. Furthermore rising working class population and growing demand for on-the-go products especially in China and India will be the crucial factor underlining the market growth.