The UK vegan ice cream market is estimated to grow at a healthy CAGR of 7.0% during the forecast period. Improvements seen in this market in recent years have largely been the result of a growing vegan population, a strengthening economy, a rise in consumer purchasing power, as well as an increase in consumer confidence. Expansion of specialized convenience stores for vegan ice cream has been vital to the growth of the market, in recent times. Individuals are increasingly exposed to the new vegan products that are increasingly gaining traction in the country. Veganism in the country is primarily driven by increasing activities of vegan organizations such as ProVeg UK, Veganuary, The Vegan Society, The Humane League UK, Humane Society International UK, PETA UK, among many more. These organizations have continued to spread information regarding animal cruelty, health benefits of plant-based diets, which, in turn, have bolstered the growth of the vegan ice cream market in the country.

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The UK 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. Primarily, due to the COVID-19 pandemic, there has been a major decline in the sales of vegan ice cream in conventional stores’ space. The online stores segment is still on a nascent stage, however, expected to record significant growth in the coming years. 

Further, one of the most significant value increases is seen in the organic retail market. The UK has the second-largest organic retail market in Europe with sales escalating to more than $9 billion in 2019. The UK was the country with the highest growth of the organic market in 2018/19 achieving a 15% increase in value. Increasing organic space in the country is providing substantial rise to the vegan ice cream sector.

Research Methodology

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

The Report Covers

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