Non-Dairy is Driving Ice Cream Industry Growth

Non-Dairy is Driving Ice Cream Industry Growth

Research firm identifies “free-from” products as a driving force in the growth of the $28 billion ice cream industry.


355 Shares

This week, research firm Packaged Facts released the 9th edition of its Ice Cream and Frozen Desserts in the US report. The report reveals that the ice cream category has experienced stagnant growth in previous years due to a lack of innovation. However, products that bear a “free-from” label (i.e. soy-free, dairy-free, etc.) have greatly contributed to revitalizing ice cream sales, as consumers seek frozen desserts that are in-line with specific dietary preferences. “Despite the maturity of the ice cream market,” Packaged Facts research director David Sprinkle says, “a lot is happening in terms of new product trends and corporate development.” Packaged Facts predicted that the current ice cream industry is valued at about $28 billion and predicted it would grow through 2020. From the corporate perspective, companies such as Ben & Jerry’s have capitalized on the profit potential in this segment of the industry by developing an almond milk-based ice cream line—to which it added two new flavors this week.

Photo coutesy of Sweet Ritual

Love the plant-based lifestyle as much as we do?
Get the BEST vegan recipes, travel, celebrity interviews, product picks, and so much more inside every issue of VegNews Magazine. Find out why VegNews is the world’s #1 plant-based magazine by subscribing today!

Subscribe