Likearmour Group

The global vegan ice cream market is anticipated to witness remarkable growth, reaching an estimated USD 1.59 billion by 2032, with a compound annual growth rate (CAGR) of 11.20% from 2023 to 2032. This robust expansion is fueled by the increasing adoption of plant-based diets, rising health consciousness among consumers, and the growing demand for sustainable and cruelty-free food products. As more people seek alternatives to traditional dairy products, the vegan ice cream market stands poised to capitalize on these shifting consumer preferences.

Key Market Drivers:

1. Rising Adoption of Plant-Based Diets

 The surge in the popularity of plant-based diets is a significant factor propelling the growth of the vegan ice cream market. Consumers are increasingly turning to plant-based alternatives due to health concerns, ethical considerations related to animal welfare, and environmental sustainability. Plant-based diets are often perceived as healthier options, with lower levels of saturated fats and cholesterol compared to…

The sugar paste market was valued at approximately USD 12.58 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2032. This growth is being fueled by the rise in consumer demand for customized cakes and desserts, especially for special occasions like weddings, corporate events, and birthdays. Sugar paste is an essential ingredient in cake decoration, offering flexibility, ease of use, and aesthetic appeal, which has cemented its place in modern baking practices.

The market has also benefited from the rapid growth of the baking industry and the increased use of social media platforms, where aesthetically appealing cakes and desserts have become a significant trend. Home baking has risen as a popular hobby, further expanding the customer base for sugar paste.

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Competitive Landscape:

The global sugar paste industry is highly competitive, with the presence of…