Increasing Veganism Coupled with Urbanization to Give Rise to the Sales of Vegan Ice Cream in the US

US vegan ice cream is estimated to exhibit a sturdy CAGR of 8.2% during the forecast period (2020-2026). Increasing veganism, growing overall economy, premiumization, and increasing disposable income have all contributed to the growth of the US vegan ice cream market. However, food retailers are one of few sectors able to stay operating during shelter-in-place directives, reports of various COVID-19-related grocery store employee deaths have led to store closures and increasing anxiety among grocery store workers, which has caused a severe disruption in sales of nearly all food categories, including vegan ice cream. Although, the demand for vegan foods is expected to reach significant heights in the coming years as focus on healthy plant-based/non-dairy diets increase. 

Browse the full report description of "US 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/us-vegan-ice-cream-market

Supermarkets/hypermarkets are increasingly expanding their vegan ice cream offering in the US. The rise in conventional retail distribution channel penetration in mature markets has formed new ways for the growth of the market. Besides, a surge in deals and discounts offered to consumers by these supermarkets/hypermarkets results in the dominance of conventional retailing in the US vegan ice cream market. Additionally, supermarkets/hypermarkets are expected to endure as the most favored sales channel in the country, during the forecast period.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segments Covered- by Source, Flavor, and Distribution Channel
• Country Covered- the US
• Competitive Landscape- Alden’s Organic (Oregon Ice Cream), Danone S.A., Double Rainbow Ice Creams, Inc., General Mills, Inc. (Häagen-Dazs), NADAMOO! (Little Red Rooster Ice Cream Company), The Hain Celestial Group, Wells Enterprises, Inc., and Unilever Group

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?

US 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

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