Market Analysis
People of the current era are very much concerned regarding their fitness and health. No wonder they are always on the lookout for ways to shed their calories. They are choosing non-dairy frozen desserts over heavy dairy products which has fueled its demand. Most frozen desserts have a high content of calories and sugar. The non-dairy frozen products are comparatively low in calories and less sugary and thus has become a preferred choice especially amid health-conscious people. In the last couple of years, the world has undergone tremendous changes in each sector and the industry dealing with frozen dessert is no different either. During the yesteryears the only option under frozen sweet was ice-cream but now there are non-dairy frozen desserts which have the same taste or at times better than it. Increased awareness of vegetarian diet, changing diet patterns and monumental lifestyle shifts will foster the non-dairy frozen desserts market growth. Gone are the times when desserts were only made of milk.
Non-dairy frozen desserts are ideal for those that are lactose tolerant. Besides, non-dairy frozen desserts like slush, Italian ice, water ices and sorbet and frozen coffee are free from the pathogenic organisms that is generally found in the frozen desserts that are dairy based, thereby increasing the demand for the non-dairy frozen desserts market. Also, different weight loss diet trends are likely to increase the sale of non-dairy frozen desserts that are sugar-free. The revenue for the non-dairy frozen desserts market is likely to be remarkable during the forecast period (2017-2023).
Market Segmentation
In MFRF’s report, the global non-dairy frozen desserts market is segmented on the basis of type, ingredients and distribution channel.
Based on type, this market is segmented into non-dairy ice-creams, sorbet, frozen yoghurt, sherbets and custard. Of these, non-dairy ice-creams lead the market but growing health awareness has given the segment of frozen dessert more precedence for which it is likely to have a notable CAGR during the forecast period.
Based on ingredients, the non-dairy frozen desserts market is segmented into fruit pulp, fruit puree, coconut milk, almond milk, rice milk and soy milk. Of these, soy milk has the largest market share. Coconut milk however, is likely to have the largest share during the forecast period with people becoming all the more aware of its different health benefits.
Based on distribution channel, it is segmented into non-store based and store-based.
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Regional Analysis
Based on region, the global non-dairy desserts market is segmented into North America, Europe, Asia Pacific and Rest of the World. Of all, Europe leads the market with the largest market share followed by Asia Pacific. The trend for vegan diet, number of people with lactose intolerance and rising disposable income are likely to drive the growth of the global non-dairy desserts marketin the Asia-Pacific region. Moreover, rising need for the on-to-products and the increasing working-class population particularly in India and China will be a vital factor behind the growth of this market.
Competitive Analysis
Following the entry of leading players in this segment, there has been a volume-driven growth in the non-dairy desserts market with the launch of assorted varieties of non-dairy frozen desserts. The industry players are planning to target those consumers who follow a vegan diet and also those that are lactose intolerant. A noteworthy investment in R&D for coming up with innovative and new products that are custom made as per local preferences and tastes will help in the growth of the market.
Key Players
Leading players in the non-dairy desserts market include Unilever (UK), Archer Daniels Midland Company (US), Sunopta Inc (Canada), Arla Foods (Denmark), Daiya Foods Inc (Canada), Cool Delight Desserts Ltd (UK) and Hain Celestial (US).
Arctic Zero lately launched frozen desserts that are plant-based and lactose-free.
Häagen-Dazs has recently launched trio crispy layers and dessert bars under the non-dairy frozen dessert variety.
Today non-dairy ice creams are available in the market in exciting flavors such as Salted Caramel, Hint of Mint, Cake Batter, Brownie Blast and more.