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Vegan Mochi Ice Cream Flavour and Retail Packs Market Segmented By Mango, Green Tea, Chocolate, Strawberry, Red Bean, Cookies and Cream, Vanilla, Banana chocolate cream, Mint chocolate Flavours in Business to Business, Business to Consumer Sales Channel
According to the latest research by Persistence Market Research, the vegan mochi ice cream flavour and retail packs market is set to have a steady growth during 2021-2031. Demand for vegan mochi ice cream flavour has increased in the covid-19 situation, with the growing awareness among the consumers about the health benefits.
The nutritional and healthy factor among the consumers is among the driving factors behind the increasing sales of the vegan mochi ice cream flavour market. Many companies around the world are offering various flavours and coming up with new product innovation in the vegan mochi ice cream flavour segment, there are wide opportunities for the key players.
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The increasing preference towards rising health consciousness and vegan lifestyle among the people are the driving factor for the vegan mochi ice-cream market in the forecasted period. One major factor driving the growth of vegan mochi ice cream is the increasing prevalence of lactose intolerant and milk-related allergies among consumers.
These lactose intolerant consumers are looking for an alternative to dairy ice creams and that is where the vegan mochi ice cream becomes an alternative to dairy ice cream.
Vegan mochi ice cream is a confectionary item that is made from Japanese mochi having an ice cream filling. These types of ice creams have the added benefit of having mochi in it. Mochi ice cream provides human health with a number of substantial nutrients.
Mochi ice cream includes low saturated fat and cholesterol which prevents weight gain, blood-pressure-lowering potassium, bone-strengthening calcium, and energizing B vitamins. These are some of the nutritional benefits due to which consumers prefer vegan mochi ice cream over many other desserts.
Increasing commercialization and rising plant milk production in emerging countries is also a factor for driving the growth of vegan mochi ice cream. Technological advancement in the manufacturing sectors will allow manufacturers to introduce new flavours and innovative products in the market.
Vegan mochi ice cream also serves as a grab-and-go snack option for kids and busy professionals as well. These ice creams do not require a spoon or a bowl to be eaten so the requirement of eating such an item is also less making it a perfect snack item for any time of the day.
The market growth of vegan mochi ice cream is driven by health and diet-conscious consumers across the globe. This type of ice cream is gaining popularity in mature and emerging markets due to its uniqueness.
However, fluctuations in raw materials prices and the high cost of plant-based milk are considered major restraints in the global market. But the change in lifestyle of the consumers and the demand for vegan ice creams are sure to drive the market growth of vegan mochi ice cream flavour and retail packs.
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Get a Customized VersionCovid-19 has slowed down the growth of the vegan mochi ice cream flavour and retail packs market. Thus, there is a significant drop in the sales of vegan mochi ice cream across the globe due to various travel restrictions and lockdown.
There is an imbalance in demand and supply due to disruptions in the supply chain. During the pandemic, many consumers were also avoiding ice creams and this also affected the market of vegan mochi ice cream.
Though, the online retail stores are the ones that are helping the vegan mochi ice cream market to stay afloat in this situation as the consumers were not able to travel at that time due to restrictions and e-commerce helped them to buy items from the comfort of their house.
The change in consumer preference towards healthy and nutritious ice cream and people's interest in buying vegan products over artificial ingredients from an online retail store are some of the factors which are anticipated to drive the market growth.
Europe has one of the largest markets for vegan mochi ice cream products around the world. Besides, it is one of the largest exporters of dairy-free products. Due to the increase in the demand for plant-based food products among health-conscious consumers and high presence of manufacturers and suppliers in Europe, the market growth of vegan mochi ice cream in Europe is anticipated to rise rapidly.
Major players in Europe also utilizes new product innovation and focuses on new product launches. Due to this product innovation, the market players are able to produce dairy-free ice creams which are creamier and more delicious than standard ice creams.
Many new advanced technologies are used by European manufacturers operating in the vegan mochi ice cream market to have a competitive edge over their competitors in the market. European customers are open to new product development and adopt new food trends compared to any other region.
In Europe, there is also a high prevalence of consumers who are dairy allergic or lactose intolerant, this has led to the rise in the demand for vegan products in Europe. The acceptance of Japanese culture among the Europeans is also a driving factor for the market in this region.
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There is a presence of a lot of developing countries in the region that are looking for vegan ice cream products, especially vegan mochi ice cream. One of the major factors for driving the growth of vegan mochi ice cream is the growing urban population in the Asia-Pacific region.
Japan is the major market shareholder in the vegan mochi ice cream as the mochi concept mainly originated from Japan and they are experts in making these king of mochi products. Asia Pacific region has a high density of farmers growing vegetables and plants, which are a good source of natural ingredients and can be used to make mochi.
Many companies in the Asia Pacific region are also focusing on different strategies like partnerships, mergers, acquisitions, and collaborations to increase their market share.
Some of the leading manufacturers and suppliers of vegan mochi ice cream and retail packs include
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
