Market Overview
The globalice-cream market is ever increasing owing to the popularity this frozen dessert
enjoys across the globe. This high-calorie diet is enriched with the fruits,
nuts and other health benefitting ingredients which increases its nutritional
value. Moreover, the availability of various flavors makes it popular among
consumers, suiting their palates. As aresult, ice-cream is consumed extensively by the young and adults equally. The high consumption leading to high demandand production, in turn, drives the ice-creams market, globally.
Acknowledgingthe phenomenal upsurges, the market is witnessing and gauging the potential of
the market to go further in the years to come, Market Research Future (MRFR) in
its recently published study report asserts that the global ice-cream market
will grow exponentially, registering a staggering CAGR during the period (2018
-2023).
Theburgeoning food industry including, chocolate, bakery & confectionaries is
providing impetus to the market growth. The emergence of specialty diet
ice-cream has provided huge traction to the market increasing its popularity
extensively. Undoubtedly, popularity & consumption are two of the key
driving forces pushing up the market growth. Moreover, the expansion of
distribution channels is fostering the market growth excellently.
In additionto driving the market growth, increasing consumption and popularity also
encourage ice-cream makers to bring novelty to the product in terms of flavors,
and exoticness. To do so, these ice-cream formers make substantial investments
in R&D activities which, in turn, propels the market growth largely.
On the flipside, factors such as the availability of various low-cost counterfeited
products hamper not only the popularity of ice-creams but also its market
growth. Simultaneously, high calorie and fat content in ice-cream restrict its
uptake especially in the health-conscious populace, further limiting its market
growth.
Nevertheless,the increased shelf life of ice-creams and the growing urbanization,
industrialization along with the improving economic conditions worldwide are
expected to support the market growth over the forecast period.
GlobalIce-Cream Global Market - CompetitiveAnalysis
The severallarge and small players adorn the well-established ice-cream market; some of
them even have a good international presence. Ice-cream producers are striving
to create ice-creams with coloration that can approximate natural ingredients.
Key trendsof the market players observed during the analysis include acquisition,
collaboration, expansion, product launch, and partnership are some of the
trends observed among the market players.
Key Players:
Leaders inthe global ice-cream market include Unilever (UK), General Mills, Inc.(US), Blue Bell Creameries (US), Nestlé (Switzerland), Lotte Confectionery Co.,
Ltd (South Korea), Mars, Inc. (US), Amul (India), Amy’s Ice Cream (US).
Global Ice-CreamMarket Analysis by Segments
MRFR has segmented its analysis into five key dynamics for theconvenience of understanding;
By Product-Forms : Buckets, Sticks, Cones, Sundae, Floats, and others.
By Flavors : Chocolate, Vanilla, Strawberry, Butter Pecan,Cookies, Cream, and others.
By Specialty-Diet : Reduced-Fat, No-Added Sugar, Gluten-Free,Lactose-Free, and others.
By Distribution Channels : Convenience Stores, Retailers,Specialty Stores, and Supermarket & Hypermarket, among others.
By Regions : NorthAmerica, APAC, Europe, and Rest-of-the-World.
Subsegments - Sundae, Buckets, and Floats are expected to witness highergrowth rate by Product-Forms due to their verities & novelties.
The subsegment – Chocolates accounts for the dominating segment byFlavors.
The subsegment – No-Added Sugar/ Sugar-free will register a high growthrate, growing rapidly.
The subsegment – Supermarket & Hypermarket leads the segment -Distribution Channels due to the availability of a range of products &
convenience of buying.
Global GeographicalIce-CreamMarket Size Analysis
TheEuropean region, heading with the high consumption of desserts, is expected to
remain the largest market for ice-cream trends. Besides, the significant ice-creamimporting countries such as the UK, France, Germany, Netherlands, Spain, and
Belgium foster the growth of the regional market.
The ice-creammarket share in the North American region holds the second position due to the
enormous contributions from the countries like Canada and the US.
The AsiaPacific region is rapidly emerging as a promising market for ice-creams.
Factors such as increasing urbanization and improving economic conditions in
the region propel the market growth of ice-creams. Growing market in some of the emergingeconomies such as India and China are allowing the ice-cream market revenue in
the region to witness exponential growth. Increasing consumption of ice-cream is a key driving force behind thegrowth of the APAC market.
Industry/ Innovation/ Related News:
November 11, 2018– Luigi’s Ice Cream (US), an eminent ice-creammaker and Ani Ramen (US), a leading restaurant chain announced their
partnership to bring their customers rich frozen treats AND alcohol in one
delicious cup for those who like their vices in pairs. Luigi’s all ice creams
are made in small batches at its Red Bank, NJ facility and presented their
hand-rolled ice cream, boozy and non-boozy at Ani Ramen.
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