The individuals of the modern era are pretty concerned about their health and fitness. They are always looking for ways to cut down on the calories. Thanks to this fact it can be asserted that the global non-dairy frozen desserts market has a bright and prosperous future ahead. During the forecast period of 2017-2023, the revenues for this market are expected to double. On the other hand, in terms of CAGR, the industry is projected to tread forward at the rate of 6%.
There are numerous growth factors that have a part to play in the growth and success of this market. The heightened necessity for plant based desserts happens to act as a chief development driver for this market. Monumental lifestyle shifts, changing diet patterns and increased awareness regarding a vegetarian diet further foster the growth of the market.
Government’s nod of approval in the forms of certification and labels are expected to further speed the process of development for this industry. Additionally, the trend of following certain weight-loss diets will also have a positive impact on this market.
Gone are the days when desserts could only be made out of milk! Over the years the world has witnessed a whole lot of changes in every sector and this stays true for the frozen dessert industry as well. Earlier, when it came to having frozen sweet course the only option available was ‘ice cream’. But today non-dairy frozen desserts are available in the market that taste the same or even better than them. As people all across the globe are becoming health conscious the demand for dairy-free products has risen. And this in turn has led to the development of the global non-dairy frozen dessert market.
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In laymen terms, non-dairy frozen desserts can be explained as desserts that are prepared using lactose and casein free milk or plant milk. When compared to their milk comprising counterparts these sweet courses do have an upper hand owing to their health benefits.
Examples of non-dairy frozen products are non-dairy yoghurts, fruit purees, sorbet and even flavored water items like ice pops, snow cones etc. On the whole, it can be concluded that the global non-dairy frozen desserts market is all set to achieve grand success during the forecast period.
Market Key Players:
Some of the most renowned and long-standing players of this market can be listed as Arla Foods, Hain Celestial, Archer Daniels Midland Company and Cool Delight Desserts Ltd. The two major growth strategies used by these players to stay ahead of competition are strategic expansion and mergers.
Industry Trend and Updates:
The Global Non-Dairy Frozen Desserts Market is governed by certain industry trends that help it to achieve its target goals. Some of the major ones are high ratio of people suffering from lactose intolerance, increased preference for vegan diet and hike in annual incomes individuals.
Sep 2017 Affinity Beverage Group, Inc announced that executed a letter of intent to acquire majority interest in Artisanal Edge, LLC, 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.
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The worldwide non-dairy frozen desserts market has been divided into four distinct parts. They can be listed as ingredients, distribution channels, geographies and types.
On account of ingredients, the market has been segregated into almond milk, fruit puree, soy milk, pulp and rice milk.
When it comes to distribution channels, the market has been bifurcated into non-store based and store based.
Geographically, the market is spread around the world and the main areas where its prevalence is felt can be listed as North America, Asia Pacific, Europe and Rest of the World.
Lastly, on the basis of types, the market has been segmented into frozen yoghurt, non-dairy ice-cream, custard, sorbet and sherbets.
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