The Ice Cream Market Size was valued at USD 74.49 billion in 2022 and is expected to reach USD 109.20 billion by 2030, and grow at a CAGR of 4.9% over the forecast period 2023-2030.
Ice cream is a combination of milk, cream, industrial sugar, and other ingredients that has been frozen into a soft, creamy treat using unique procedures. It was originally known as iced cream. Stabilizers, such as gluten and plant-based butter, are commonly used to give the mixture a uniform texture. Ice creams also contain milk proteins such as whey and casein, which absorb water and form micelles to improve the product's consistency. Strawberry, vanilla, chocolate, and butterscotch are some of the most popular ice cream flavours. Ice cream is one of the most popular dairy products in India, and it comes in a variety of price levels.
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Ice cream is a sweetened dairy product made with either natural sugar or artificial sweeteners. Companies on the market provide a variety of ice creams, including hard ice cream, soft ice cream, light ice cream, low-fat ice cream, and others. Summer is unquestionably the best time to eat ice cream and other frozen treats. The availability of diverse flavoured ice creams is driving the ice cream industry's expansion. As a result, ice cream buyers pay a higher price for these items, resulting in increased market income.
Driving Factors:
Industry-wide innovation is needed to keep product demand high.
R&D spending is expected to rise, as is digitalization.
Restraining Factors:
Performance is hampered by short shelf life and seasonality.
Opportunities:
Globally, product innovation in ice cream products fuels market growth and development.
Hypermarkets, supermarkets, convenience shops, discounters, forecourt merchants, and grocery stores are examples of retail channels that serve as worldwide marketing tools to help develop an attractive premium image and improve brand exposure for a wide range of ice cream goods. The expansion of these retail channels helps to boost the size of the ice cream market.
The development of lactose-free ice cream and the rise in demand for novel products are providing potential prospects for the ice cream industry.
Challenges:
The well-being concerns related with ice creams.
The Ice cream industry had endured during COVID-19 because of production network interruptions, significantly inferable from the strategic limitations on shipping and delivery that influenced the ice cream deals. Moreover, the deficiency of the enormous workforce required in the assembling units and the break of on-premise deals through specialty stores, stores, and corner shops because of the resulting lockdowns and the conclusion of retail locations further impacted the market deals. In spite of seeing a significant hit because of the pandemic, a few organizations revealed that the business is confronting a significant lift in the bring-back home utilization portion toward the finish of 2020.
Side-effect type, the drive ice cream fragment is the most worthwhile in the worldwide ice cream market, as it is not difficult to convey and attributable to rising prominence of motivation ice cream universally. This sort of ice cream is popular, particularly by kids and teens.
By Flavor:
By flavor, the vanilla fragment is overwhelming the market with the biggest piece of the pie. This is credited to flood sought after for vanilla ice cream. Vanilla ice cream is a customary type of ice cream enjoyed by individuals of all ages gatherings.
By Distribution channel:
The web-based deals channel is the quickest developing fragment in the worldwide ice cream market. This is because of the expansion in web entrance and ascends in use of cell phones. Likewise, online deals channel gives advantages like limits and free home conveyance.
By Product Type:
Impulse Ice Cream
Take Home Ice Cream
Artisanal Ice Cream
By Flavor:
Vanilla
Chocolate
Fruit
Others
By Distribution Channel
Supermarkets And Hypermarkets
Convenience Stores
Specialty Stores
Online Sales Channel
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North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Asia-Pacific is supposed to observe the most elevated development rate, attributable to ascend popular from the arising economies like India, China, Indonesia, and others. In addition, expanded discretionary cashflow and ascend in way of life support the development of market. India and China are projected to observe critical development during the ice cream market conjecture period.
Australia is the most appealing business sector for ice cream fabricates. Sweden and the UK are the appealing business sectors for ice cream from European locale, attributable to developing provincial interest.
Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries, Lotte Confectionery, Wells Dairy Inc., Turkey Hill, Mihan Dairy Inc., Meiji Holdings Co. Ltd.
Blue Bell Creameries-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 74.49 Billion |
| Market Size by 2030 | US$ 109.20 Billion |
| CAGR | CAGR 4.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Impulse Ice Cream, Take Home Ice Cream, Artisanal Ice Cream) • by Flavor (Vanilla, Chocolate, Fruit, Others) • by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Sales Channel) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries, Lotte Confectionery, Wells Dairy Inc., Turkey Hill, Mihan Dairy Inc., Meiji Holdings Co. Ltd |
| Key Drivers | •Industry-wide innovation is needed to keep product demand high. •R&D spending is expected to rise, as is digitalization. |
| Market Opportunities | •Globally, product innovation in ice cream products fuels market growth and development. |
Ice cream is a combination of milk, cream, sugar, and other ingredients that has been frozen into a soft, creamy treat using unique procedures. It was originally known as iced cream.
The Ice Cream Market Size was valued at USD 74.49 billion in 2022.
The major players in market Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries, Lotte Confectionery, Wells Dairy Inc., Turkey Hill, and others in final report.
Forecast period of ice cream market is 2022-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Ice Cream market segmentation, By Product Type:
8.1 Impulse Ice Cream
8.2 Take Home Ice Cream
8.3 Artisanal Ice Cream
9. Global Ice Cream Market segmentation, by Flavor
9.1 Vanilla
9.2 Chocolate
9.3 Fruit
9.4 Others
10. Global Ice Cream Market segmentation, by Distribution Channel
10.1 Supermarkets And Hypermarkets
10.2 Convenience Stores
10.3 Specialty Stores
10.4 Online Sales Channel
11. Global Ice Cream Market, by region/ country
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company profiles
12.1 Unilever Group
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 Nestle S.A.
12.3 General Mills, Inc.
12.4 Mars
12.5 Blue Bell Creameries
12.6 Lotte Confectionery
12.7 Wells Dairy Inc.
12.8 Turkey Hill
12.9 Mihan Dairy Inc.
12.10 Meiji Holdings Co. Ltd
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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