Plant based ice cream market to Touch $3.9 Billion by 2031; increasing demand for plant based foods, growing popularity of veganism, rising demand for vegan ice creams

Market Overview:

The Plant Based Ice Cream market size is estimated to reach $3.9 Billion by 2031, growing at a CAGR of 10.7% during the forecast period 2025-2031, according to a recent report published by IndustryARC, titled, “Plant Based Ice Cream Market – By Product Type (Tubs/Pints, Bars, Sandwiches, Cups and Others), By Source (Almond Milk, Coconut Milk, Oat Milk, Cashew Milk, Soy Milk and Others), By Flavour (Fruits, Nuts, Herbs, Beans and Others), By Sweetener Type (Sugar-Sweetened, Sugar-Free), By Distribution Channel (Offline, Online) and By Geography - Opportunity Analysis & Industry Forecast, 2025-2031”

Rising vegan diet with more consumers adopting plant-based diets, increasing demand for soft-serve ice cream, growing lactose intolerance and dairy allergies fueling the demand for dairy-free alternatives, health and wellness trends towards low-calorie, natural, and nutrient-rich desserts, and sustainability and environmental concerns are encouraging the shift towards plant-based options to reduce carbon footprints.

North America Dominated the Market in 2024:

North America dominated the plant-based ice cream market in 2024 driven by high consumer demand for dairy alternatives, increasing lactose intolerance awareness, and strong retail distribution networks. Major brands have expanded their plant-based ice cream offerings, while food service chains have also introduced dairy-free dessert options, further boosting market growth. In 2024, USA-based company Aldi introduced Vegan Ice Cream Cones inspired by Cornetto, available in Strawberries & Cream and Hazelnut & Praline flavors. In 2024, USA-based company Eclipse Foods launched Plant-Based Ice Cream Bonbons, featuring creamy non-dairy ice cream encased in a velvety chocolate shell with various crunchy toppings. Additionally, USA-based company Urban Dessert Lab expanded its menu with new plant-based desserts. 

Plant based ice cream market: Key Takeaways

Increasing Case of Lactose Intolerance to Drive Market 

The increasing prevalence of lactose intolerance is significantly driving the demand for plant-based ice cream. As more individuals seek dairy-free alternatives to avoid digestive discomfort associated with lactose consumption, the market for plant-based ice creams is expanding. According to the Association of Lactose Intolerant People, most people in Northern Europe suffer from lactose intolerance. In recent years, there has been a rise in awareness about lactose intolerance and as a result consumers are gravitating towards plant based foods and desserts including ice creams.

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Increasing Demand for Plant Based Soft-Serve Ice Cream

The plant based soft-serve ice cream market is experiencing notable growth, driven by increasing consumer demand for customizable and freshly made dessert options. According to Planteneers, soft-serve ice cream is experiencing a notable resurgence, including plant-based options. The company's FiildDairy ICM series can produce plant-based soft-serve ice cream mixes using the UHT process, ensuring good melting properties, a creamy texture, and a smooth finish, which are essential for soft-serve ice cream dispensed in cones. Additionally, Planteneers offers classic scoop-based ice cream solutions that provide a soft melt, authentic flavor, and a rich, creamy mouthfeel, comparable to traditional dairy ice cream. 

Scope of the Report: 

Recent Developments:

•  In January 2025, Ben & Jerry's introduced a plant-based version of their popular Bohemian Raspberry flavor in the UK, that features raspberry swirls and fudge brownies.
•  In April 2024, Global fresh produce supplier Greenyard acquired Belgian food tech company Crème de la Crème, known for producing plant-based ice cream and frozen desserts. This move aims to enhance Greenyard's offerings in the plant-based sector. 

Plant Based Ice Cream Market: Competitive Landscape

Key companies profiled in the Plant based ice cream market are Unilever plc, Nestlé S.A., Danone S.A., Oatly, General Mills, Inc., Wells Enterprises, Inc., The Booja Booja Company Limited, Van Leeuwen Ice Cream, JUDE’S, Forager Project and Others

Related Reports:

Plant Based Dairy Products Market- Plant Based Dairy Products Market size is estimated to reach $28 billion by 2030, growing at a CAGR of 8.7% during the forecast period 2023-2030. Market is driven by shifting consumer preferences towards healthier and more sustainable dietary choices. 

Plant-based Food Market- Plant based Food Market size is forecast to reach $68.4 billion by 2026, growing at a CAGR of 14.3% during the forecast period 2021-2026. The increasing awareness regarding cruelty towards animals and their health in the food industry has been encouraging people to shift their source of nutrition from animal-based to plant-based ingredients.

Plant Based Meat Market- The Plant Based Meat Market is projected to expand significantly, with an estimated size of $24.80 billion by 2030 with a CAGR of 19.0% fueled by a rising consumer appetite for food choices that are both sustainable and health-conscious.
 

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