The European vegan ice cream market is anticipated to at a CAGR of 7.5% during the forecast period. The food culture in Europe is turning more and more vegan increasingly. Finding vegetarian and vegan options is becoming easier in Europe, with increasing consumption of vegan ice cream. The number of vegan populations in Europe is on a significant rise, contributing substantially to the growth of the vegan ice cream market in the region. Much of the vegan population in Europe sees veganism as a lifestyle choice, rather than just dietary restrictions. A significant rise in desired wellness caused changes in customer diets, supporting the growth of veganism among the European population, that is ever more concerned for the environment, animal welfare, and in particular, their health. The increase in the number of shops and commercial sales area has also contributed to the growth of the European vegan ice cream market. 

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The European vegan ice cream market is segmented on the basis of 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. The e-commerce market is still on a nascent phase and reflecting exceptional growth prospect in the years to come with key players such as Tesco PLC and Unilever are focusing on their expansion of the e-commerce vegan products space.

Country-wise, the market is analyzed based on the UK, Germany, France, Italy, Spain, and Rest of Europe. Germany is dominating the market in Europe with a substantial rise in vegetarian and vegan populations. According to the US FDA, around 70 percent of the country’s households seek a greater range of vegetarian and vegan products in conventional retailing space, making it a lucrative market for vegan ice cream vendors. The UK is estimated to hold the highest potential in terms of growth rate, with the country maintaining its high retail market share and in particular, rising veganism. 

In Europe, a large number of food and beverage giants have entered the market in the last few years owing to an elevating veganism trend. Some of the key brands running the European vegan ice cream market include Danone S.A., Froneri International, Ltd., Marks and Spencer Group PLC, Oatly AB, Tesco PLC, The Hain Celestial Group, and Unilever Group

Research Methodology

The market study of the European 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. European Vegan Ice Cream Market Research and Analysis by Source
2. European Vegan Ice Cream Market Research and Analysis by Flavor
3. European Vegan Ice Cream Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the European 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 European vegan ice cream market.
• Insights about market determinants which are stimulating the European vegan ice cream market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.