On the other hand, the coconut milk segment is anticipated to register the fastest CAGR of 15.2% throughout the forecast period. Based on source, the almond milk segment held the highest market share in 2019, contributing for to nearly one-third of the global market share in 2019 and is expected to maintain its dominance throughout the forecast period. The global vegan ice cream market is segmented into source, flavor, sales type, distribution channel, and region. However, the government in various region are now easing off the relaxations, thereby allowing the market players to restart their processes. Also, the investments and demand for vegan ice cream have witnessed a drop. Most of the market players have put their business on hold for an uncertain period. The market has suffered during the initial phase of the global lockdown due to disrupted supply chain and production units. In-depth analysis of the COVID-19 impact on the vegan ice cream Nevertheless, untapped developing markets and innovation in taste& flavor of vegan ice cream are anticipated to create lucrative opportunities in the near future. Conversely, high price of dairy alternative milk hinders the growth to some extent. Surge in obese population, growth in health & wellness trend among the target customers, and rise in disposable income among people propel the growth of the global vegan ice cream market. 26, 2020 (GLOBE NEWSWIRE) - As per the report published by Allied Market Research, the global vegan ice cream industry was estimated at $520.9 million in 2019, and is projected to reach $805.3 million by 2027, registering a CAGR of 13.7% from 2020 to 2027.The report provides a detailed analysis of changing market trends, top winning segments, key segments, value chain, market size & estimations, and competitive landscape. Moreover, the market across Europe region dominated in 2019, and would lead the trail by 2027. The almond milk segment held the highest market share in 2019 and would rule the roost throughout the forecast period.
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