Abstract
Summary
Global Vegan Dessert Market Size, Share &Trends Analysis Report By Product Type (Biscuits & Cookies, Cakes & Pastries, Ice Cream & Pudding, Frozen Desserts, and Others) and By Distribution Channel (Hotels & Restaurants, Cafes, and Online) Forecast (2022-2028)
The global vegan dessert market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. The rising health consciousness among consumers coupled with increasing awareness about the drawbacks of white sugar has encouraged producers to use healthier ingredients in their foods. People avoid white sugar in their food items and adopt other alternatives such as honey and maple syrup among others. Henceforth, producers of the vegan dessert industry have started using sugar alternatives in their desserts. For instance, in April 2022, Brakes launched a new range of traditional vegan desserts as the Veganuary frenzy continues. The new range of vegan takes on British classic hot pudding desserts includes syrup sponge pudding, raspberry jam pudding, and sticky toffee pudding.
The global vegan dessert market is segmented based on product type, and distribution channel. Based on the product type, the market is segmented into biscuits & cookies, cakes & pastries, ice cream & puddings, frozen desserts, and others. Based on the distribution channel, the market is sub-segmented into hotels & restaurants, cafes, and online. Among the type, the cakes & pastries segment is expected to hold a prominent share in the global vegan dessert market. Producers of vegan desserts offer numerous vegan sweet dishes such as cookies, cakes, pastries, ice creams, frozen desserts, and others. Furthermore, the consumers also prefer to eat vegan cakes & pastries made with low-fat cakes without eggs and less sugar. For instance, in May 2021, Just Love Food Co. launched a vegan caterpillar cake called Archie. Archie is also egg, peanut, nut, and milk-free.
Geographically, the global vegan dessert market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these, the European region is expected to be the fastest-growing region over the forecast period. The wide availability of plant-based milk and fats has fueled the supply of vegan desserts. People are becoming more aware of plant-based desserts such as oat-based desserts, soy-based desserts, and others due to which the demand for vegan desserts has also increased in this region. Major Key players are also launching vegan desserts with different flavors made with natural ingredients such as soy, oats, nuts, fruits, and so on which led to the growth of the global vegan dessert market in this region. For instance, in March 2022, DMK Group launched oat-based vegan desserts under its MILRAM brand. The desserts are of two flavors: vanilla and chocolate, prepared with natural bourbon vanilla and Rainforest Alliance-certified cocoa respectively.
The major companies serving the global vegan dessert market include Alternative Foods London Ltd. (OGGS), Bliss Unlimited, LLC (Cosmic Bliss), Danone S.A., and Unilever N.V. (Ben & Jerry's Homemade, Inc.), Wells Enterprises, Inc. (Halo Top), and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, OGGS launched vegan hot puddings. Both products are made using OGGS‘egg alternative Aquafaba and come in two flavors including chocolate fudge pudding and sticky toffee pudding. The products are available in packs of two in the chilled dessert aisle of Sainsbury’s stores across the UK priced at £2.75.
Research Methodology
The market study of the global Vegan Dessert market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
Global Vegan Dessert Market Research and Analysis by Product Type.
Global Vegan Dessert Market Research and Analysis by Distribution Channel.
The Report Covers
Comprehensive research methodology of the global vegan dessert market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global vegan dessert market.
Insights about market determinants that are stimulating the global vegan dessert market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
Table of Contents
1 Report Summary
1.1 Research Methods and Tools
1.2 Market Breakdown
1.2.1 By Segments
1.2.2 By Region
2 Market Overview and Insights
2.1 Scope of the Report
2.2 Analyst Insight & Current Market Trends
2.2.1 Key Findings
2.2.2 Recommendations
2.2.3 Conclusion
3 Competitive Landscape
3.1 Key Company Analysis
3.2 Alternative Foods London Ltd. (OGGS)
3.2.1 Overview
3.2.2 Financial Analysis
3.2.3 SWOT Analysis
3.2.4 Recent Developments
3.3 Bliss Unlimited, LLC (Cosmic Bliss)
3.3.1 Overview
3.3.2 Financial Analysis
3.3.3 SWOT Analysis
3.3.4 Recent Developments
3.4 Danone S.A
3.4.1 Overview
3.4.2 Financial Analysis
3.4.3 SWOT Analysis
3.4.4 Recent Developments
3.5 Unilever N.V. (Ben & Jerry's Homemade, Inc.)
3.5.1 Overview
3.5.2 Financial Analysis
3.5.3 SWOT Analysis
3.5.4 Recent Developments
3.6 Wells Enterprises, Inc. (Halo Top)
3.6.1 Overview
3.6.2 Financial Analysis
3.6.3 SWOT Analysis
3.6.4 Recent Developments
3.7 Key Strategy Analysis
4 Market Segmentation
4.1 Global Vegan Dessert Market by Product Type
4.1.1 Biscuits & Cookies
4.1.2 Cakes & Pastries
4.1.3 Ice-cream & Puddings
4.1.4 Frozen Desserts
4.1.5 Others
4.2 Global Vegan Dessert Market by Distribution Channel
4.2.1 Hotels & Restaurants
4.2.2 Cafes
4.2.3 Online
5 Regional Analysis
5.1 North America
5.1.1 US
5.1.2 Canada
5.2 Europe
5.2.1 UK
5.2.2 Germany
5.2.3 Italy
5.2.4 Spain
5.2.5 France
5.2.6 Rest of Europe
5.3 Asia-Pacific
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 South Korea
5.3.5 Rest of Asia-Pacific
5.4 Rest of the World
6 Company Profiles
6.1 Archer Daniels Midland Co
6.2 Arla Foods Group
6.3 Bruster’s Real Ice Cream
6.4 Cado
6.5 Cooldelight Desserts Ltd
6.6 Daiya Foods Inc
6.7 DMK Deutsches Milchkontor GmbH
6.8 General Mills (Haagen-Daz)
6.9 Grupo Bimbo
6.10 HP Hood LLC (Planet Oat)
6.11 Komo Plant Based Comfort Foods Inc
6.12 LoveEverything.com Ltd
6.13 Nestlé S.A
6.14 SunOpta
6.15 Unilever N.V. (Breyers)
6.16 Tastefull Vegan
6.17 The Hain Celestial Group, Inc
6.18 The Tofurky Company, Inc