A plant-based substitute for conventional dairy ice cream, vegan ice cream is produced without the use of any substances obtained from animals. To get a rich flavor and creamy texture, it substitutes non-dairy bases such cashew, coconut, soy, almond, or oat milk for milk or cream. Customers who are lactose intolerant, vegan, or looking for better, cruelty-free dessert alternatives are served by vegan ice cream. It may contain organic or sustainably sourced ingredients and is frequently sweetened with natural or organic sweeteners. Vegan ice cream is a well-liked and expanding market niche in the frozen dessert industry due to the increased demand for plant-based goods and mindful eating practices.

According to SPER Market Research, “South Korea Vegan Ice Cream Market Size- By Source, By Flavor, By Sales Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033” states that South Korea Vegan Ice-Cream Market is estimated to reach 0.054 USD billion by 2033 with a CAGR of 5.14%.

Drivers:

Growing consumer awareness of environmental sustainability, animal welfare, and health is driving the demand for vegan ice cream. The need for dairy-free substitutes has increased due to the rise in lactose intolerance and dairy allergy. The market is expanding because to the rising popularity of plant-based diets, particularly among Gen Z and millennials. A larger market has been drawn in by improvements in the flavor and texture of non-dairy formulations and ingredients, such as cashew, coconut, oat, and almond milk. Product exposure is also influenced by social media impact and celebrity vegan endorsements. Growth is further aided by the availability of vegan choices in well-known stores and foodservice companies. Clean-label trends and novel tastes increase consumer interest and market penetration even further.

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Restraints:

The market for vegan ice cream has a number of obstacles that hinder its expansion. Premium plant-based ingredients and intricate formulas lead to high production costs, which frequently translate into higher retail pricing when compared to regular ice cream. It can be challenging to replicate the rich flavor and creamy texture of dairy-based goods, which results in inconsistent brand flavors. Logistical constraints are also presented by limited shelf life and storage problems. Additionally, first-time purchasers may be discouraged by customer mistrust regarding flavor and quality. Marketing and distribution are made more difficult by regional differences in regulations and labeling requirements. Widespread adoption is further hampered by restricted availability in rural or small-scale retail shops and a lack of knowledge in some regions, despite growing demand.

Seoul held the biggest revenue share in the South Korea Vegan Ice-Cream Market. The expansion is attributed to broader factors like increasing health consciousness, concerns for animal welfare, and the rise of plant-based alternatives impacting consumer choices across the country. Some of the key market players are Beyond Better Foods, LLC, Lotte Confectionary Co., Ltd and Unilever Plc.

For More Information, refer to below link: –   

South Korea Vegan Ice Cream Market Size

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