The Asia-Pacific vegan ice cream market is anticipated to grow at a CAGR of 9.8% during the forecast period. The increasing vegetarian and vegan population, disposable income, growing economy, among others are some of the key factors that have contributed to remarkable growth in the Asia-Pacific vegan ice cream market in the last few years. A widespread move away from meat is witnessed not only in the US and the UK but in Asia-Pacific countries as well. While still in the early stages, the trend is infiltrating almost every country in the region, including meat-loving China. The outburst of the vegan population in developing economies has been a major factor in upsurging the vegan ice cream market in the region. 

Visit for Global Vegan Ice Cream Market Report at: https://www.omrglobal.com/industry-reports/vegan-ice-cream-market

The effects of the COVID-19 pandemic on the vegan ice cream sector in the Asia-Pacific have been mixed. Due to the pandemic, a large portion of the population has moved away from meat, however, the lockdown norms and regulations have caused a severe decline in the sales of vegan ice cream. Although, it can be estimated that the long-term effects of the pandemic will be positive for the Asia-Pacific vegan ice cream market.

The Asia-Pacific vegan ice cream market is segmented based on source, flavor, and distribution channel. Based on the source, the vegan ice cream market is segmented into almond milk, cashew milk, coconut milk, soy milk, and others (oat milk, rice milk). Based on flavor, the market is classified into caramel, chocolate, coconut, coffee, fruit, vanilla, and others. Based on the distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, and online stores. Due to the increasing internet penetration, the exposure of relevant data, promoting veganism and vegetarianism have been vital for the growth of all the distribution channels. The online stores category is significantly trivial at present and is not expected to witness much change during the forecast period.

Country-wise, the market is segmented into China, Japan, India, ASEAN, South Korea, and the Rest of Asia-Pacific. China is anticipated to lead the way with increasing veganism and vegetarianism. The consumption of meat in China is abundant due to agricultural inadequacy, which creates a headwind for the market. India is expected to record quite a fast CAGR during the forecast period as an increasing number of individuals are turning vegan. However, the nation is predominantly a dairy consuming nation, which could see fewer individuals going for vegan ice cream in the country.

Ben & Jerry's Homemade Holdings Inc (Unilever), DREAM, Hangyo Ice Creams Pvt. Ltd.; Papacream, Sugalight, Urban Platter, and WaHiki Limited are some of the major vendors running the Asia-Pacific vegan ice cream market. Ice cream giants such as Magnum, Breyers, and more are expected to make moves in this tremendously growing segment during the forecast period.

Research Methodology

The market study of the Asia-Pacific vegan ice cream market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Vegan Ice Cream Market Research and Analysis by Source
2. Asia-Pacific Vegan Ice Cream Market Research and Analysis by Flavor
3. Asia-Pacific Vegan Ice Cream Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Asia-Pacific vegan ice cream market.
• This report also includes a detailed and extensive market overview with the key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific vegan ice cream market.
• Insights about market determinants which are stimulating the Asia-Pacific vegan ice cream market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.