Plant Based Ice-Creams Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
Growth of the global plant-based ice-creams market will be marginally lower than its revenue growth as the market is expected to reflect of a volume CAGR of 9.1% and a value CAGR of 9.3% over the forecast period. Demand for cups or tubs of plant-based ice-creams, on the other hand, will rise as global sales recorded in this product segment will contribute to nearly 30% of global market value by the end of 2031. As per newly released data by Future Market Insights, plant-based ice cream sales will rise consistently at 9.3% CAGR between 2021 and 2031. Driven by surging focus on veganism, the plant-based ice cream market valuation is forecast to surpass US$ 1,492.5 Mn in 2021. Despite challenges posed by covid-19 outbreak, the market is likely to gain impetus, exhibiting 11.1% year-on-year growth in 2021. Growth predictions remain positive for North America due to increasing concern towards animal welfare and environmental sustainability. Spurred by this, North America is anti