According to the latest report by IMARC Group titled, “Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 57.7 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 91.2 Billion by 2024, exhibiting a CAGR of around 8% during 2019-2024.
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Ice cream is an extremely preferred frozen dessert that is sweetened with either artificial sweeteners or natural sugar. There are several ice cream products with different flavors and shapes available in the market, which offer a large variety and unique features to the consumers. Some of the most popular flavors include chocolate, vanilla and strawberry, which come in various shapes such as cones, cups and bars.
Over the years, the rapid growth of the fast-food industry across the globe has augmented the consumption of ice cream. Factors such as easy availability, different flavor variants and extensive distribution networks, have contributed significantly to the rising demand for ice cream among the consumers. Moreover, there has been an emerging trend of premiumization of ice cream products in the market. Owing to rapid urbanization and rising disposable incomes, consumers are now willing to pay a higher price for premium products, which are believed to be made from fine-quality ingredients. Additionally, the launch of lactose-free and eggless ice creams has further fueled the market growth.
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Market Segmentation:
Breakup by Flavour:
• Chocolate
• Fruit
• Vanilla
• Others
Breakup by Category:
• Impulse Ice Cream
• Take-Home Ice Cream
• Artisanal Ice Cream
Breakup by Product:
• Cup
• Stick
• Cone
• Brick
• Tub
• Others
Breakup by Distribution Channel:
• Supermarkets/Hypermarkets
• Convenience stores
• Ice cream Parlours
• Online Stores
• Others
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Competitive Landscape:
The competitive landscape of the global market has been analyzed in the report along with the detailed profiles of the key players operating in the industry.
Key highlights of the report:
• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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