Ice-cream Market Scenario
Ice-cream is a frozen-food, sweet in flavor and is enjoyed as a dessert all over the globe. It contains dairy and nondairy ingredients. The ice cream industry has developed based on supply of ingredients in reasonable rates. Ice cream is recommended as an effective delivery medium for probiotic organisms. It is valuable for its high-quality protein and easily assimilated calcium. Ice-cream comes in variety of flavors in which fruits, nuts and other ingredients can be added to enhance the nutritional value and organoleptic property of the product. It is stored in the freezing- temperature and contains mild preservatives. Ice-cream is considered as a dairy product as milk remains the key ingredient of the product. In today’s scenario, ice-cream as a specialty diet is becoming popular amongst the consumers.
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According to a recent study report published by the Market Research Future, the global market for Ice-creams is estimated for a striking growth by 2022, in terms of value and volume. Globally the market for Ice-creams is expected to grow with a staggering rate of a CAGR, witnessing a lustrous growth surpassing its previous growth records by the end of the forecasted period (2016 – 2022).
Improving economic conditions, population growth of various economies of the regions is the major driver for the growth of ice-cream market. The increased demand for frozen desserts in the developed countries is supporting the sale of ice-creams in those regions. The developing technologies have helped in enhancing and innovating new flavors in the ice-creams which have also helped in fueling up the market share of the product. Overall, the popularity of ice-cream is rising based on the above factors.
Regional Analysis
The ice cream market Size's trends and factors are examined for regional progress around the world. The ice-cream market is examined in North America, Asia-Pacific, Europe, and the Rest of the World. Due to increased ice cream consumption, the ice cream market Size in North America earns a large revenue over the study period. Furthermore, the availability of fortified ice-cream products with nutrient content appears to be gaining popularity. This could help to expand the area market. The APAC ice cream industry has the potential to grow due to the growing demand for creamy treats. Furthermore, APAC is known for its festive culture, and the increase in ice cream consumption as a dessert during these festivals can help drive regional market growth soon.
Key Players
General Mills, Inc. (US), Blue Bell Creameries (US), Mars, Inc. (US), Lotte Confectionery Co., Ltd (South Korea), Amul (India), Unilever (UK), Nestlé (Switzerland), and Amy’s Ice Cream (US) are some reputed names in the global ice-cream market that are listed by MRFR. New entrants and improvisations in systems of existing ice producers can work in favour of the market. In addition, technology such as IoT are being deployed for better manufacturing. Thus, tie-up of enterprises with renowned tech companies can also improve the market rise.
Market Segmentation
The segment assessment of the global ice-cream market is done by claim, type, and distribution channel.
The type-based segments of the global ice cream market Size are buckets/tubs, bars, and floats among others. The increase in sales of bucket or tubs can impact the rise of the market in the years to come. The ease of consumption of floats can promote the expansion of the market in the years to come.
The claim base segments of the ice cream market Size are low-fat, lactose-free, and low calorie among others. The lactose-free segment can expand at a high CAGR by 2022.
The distribution channel-based segments of the global ice-cream market are non-store-based and store-based. Supermarkets, convenience stores, hypermarkets, and specialty stores among others are store-based sub-segments of the ice cream market Size. The non-store segment can win high profit for the market.
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