Ice Cream Market:
Growth opportunities in the Ice Cream Market look promising over the next six years. This is mainly due to the expansion in the product by key manufacturers and the increasing health consciousness drifting them towards low-fat health items.
Ice Cream Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Several prominent drivers contributing to the growth of the global ice cream market include the augmenting consumption of takeaway ice cream products, accelerating disposable incomes, and accessibility of different flavors. Also, the rising inclination to buy distinct varieties of ice creams across individuals is strengthening the ice cream market size. Thus, producers are emphasizing on promoting inventions in their product portfolio which include organic flavours, exotic colours, and natural herbal filling to fulfilling the altering needs of consumers. Additionally, the surging preference towards low-fat products led by the expanding health awareness among individuals. This is persuading the manufactures to evolve a novel product range with less sugar content. For instance, Halo Top an ice cream company with natural ingredients and flavors, high in protein, low calories, and sugar. Thus, the availability of flavored ice creams according to the customer’s requirement will bolster the market growth.
Moreover, the escalating purchase of premium ice creams accounted by the preference of consumers towards better quality and exclusive tastiness is stimulating the market growth. Therefore, manufacturers are involved in introducing premium brands and alternatives of traditional products to serve the new and extending market demand. However, as per the ice cream market research, one of the major factors that would curb the market growth can be the seasonal nature of ice cream.
The widespread outbreak of the coronavirus pandemic has negatively influenced the market growth, primarily in 2020. Their overall supply got contracted owing to the misapprehension that they can make one susceptible to the COVID-19 as one can catch a cold through its consumption. Furthermore, the swift disturbance in the supply chain and temporary closure of ice cream parlors and restaurants because of the stringent lockdown imposed throughout the world will curb the market share. Nevertheless, the market is anticipated to recover in 2021 while growing significantly from 2022 onwards.
Ice Cream Market’s leading Manufacturers:
- Meiji Holdings Co., Ltd.
- Turkey Hill Dairy
- Blue Bell Creameries, L.P
- Nestle S.A.
- Mihan Dairy & Ice cream Group
- Wells Enterprises
- Lotte Confectionery Co. Ltd
- Mars Incorporated
Ice Cream Market Segmentation:
Segmentation by Product
- Impulse Ice Cream
- Artisanal Ice Cream
- Take Home Ice Cream
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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