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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A full Report of Asia-Pacific Vegan Ice Cream Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-vegan-ice-cream-market
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
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
