Increasing Urbanization, Asia-Pacific Economy, and Internet Penetration to Pave Way for the Asia-Pacific Vegan Ice Cream Market

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. 

Browse the full report description of "Asia-Pacific Vegan Ice Cream Market Size, Share & Trends Analysis Report by Source (Almond Milk, Cashew Milk, Coconut Milk, Soy Milk, and Others (Oat Milk, Rice Milk)), by Flavor (Caramel, Chocolate, Coconut, Coffee, Fruit, Vanilla, and Others), and by Distribution Channel (Convenience Stores, Supermarkets/Hypermarkets, and Online Stores) Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/asia-pacific-vegan-ice-cream-market

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

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia-Pacific Vegan Ice Cream Market Report Segment

By Source

• Almond Milk
• Cashew Milk
• Coconut Milk
• Soy Milk
• Others (Oat Milk, Rice Milk)

By Flavor

• Caramel
• Chocolate
• Coconut
• Coffee
• Fruit
• Vanilla
• Others

By Distribution Channel

• Convenience Stores
• Supermarkets/Hypermarkets
• Online Stores

Asia-Pacific Vegan Ice Cream Market Report Segment

• China
• Japan
• India
• Rest of Asia-Pacific 

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