PR & Marketing Industry Today

Ice-Cream Market | Industry Trends, Business Revenue and Key Players Profile by Forecast to 2022

Ice-Cream Market - by product-form (sticks, buckets, sundae), flavors (chocolate, vanilla), specialty-diet (reduced-fat), distribution channel (hypermarket and supermarket) and Region Forecast to 2022
Published 12 January 2018

Market Overview:

Ice-cream is among the largest supermarket food categories which is generating high revenue. The global ice cream industry is a prosperous industry and the positive growth momentum has attracted food giants to diversify and expand their product lines.

Free-from and premiumisation are the major trends in the industry and industrial players are keen to leverage on these recent trends. Frozen category holds a bright spot in the ice-cream space. Ice-cream demand will grow at a progressive rate in the developing nations as the emerging economies such as India, China and Brazil has a lot of room for growth. There has been less of structural rigidities and high rates of economic and demographic growth which has indirectly contributed to the growth of Ice-cream market.

Industrial players seek to bring new flavors and innovative dessert concept in the market to keep the consumers interested. With an increasing demand for new flavors, market players are constantly innovating to meet the changing tastes and demand of the consumers. With the rapidly changing tastes and preferences of consumers, the demand for new and exotic flavors is growing. Companies are keeping themselves focused on product labelling and new product launches in high growth segment. For instance, there has been massive demand of ice-creams labelled as clean label and free-from soy, gluten, artificial colors, synthetic flavors, artificial preservatives and genetically modified ingredients in the recent years. Rising consumer awareness & their indulgence in buying products, informed consumers with clear perceptions and their willingness to engage in buying healthy goods are some of the elements that come together and fuel the demand of Ice-cream globally. Altering consumer spending patterns, consumer tastes, regional, national, and local economic conditions, demographic shifts are the major microeconomic and macroeconomic factors impacting the market growth. With growing consumers’ health awareness and pursuit of healthy attributes, as well as corresponding purchasing behaviors, has opened up new market opportunities for industrial players to tap the unexplored market horizons.

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/2691

Latest Industry Updates:

December 2017, Barry Callebaut signed the partnership agreement with Solo Gelato and aimed at product innovation

November 2017, LOTTE Confectionery, South Korean company, acquired Ahmedabad-based Havmor Ice Cream Ltd. for INR 1,020 crore. The deal has marked the entry of LOTTE Confectionery into the Indian ice cream market.

October 2017, Tetra Pak strengthened its product offering for ice cream manufacturers with the acquisition of Big Drum Engineering GmbH, a leading supplier of filling machines for the industry. The deal has strengthened the company’s ability to provide end-to-end solutions for food and beverage companies around the world, and reinforces its global leadership in the sector

June 2017, SIA Glass, Swedish ice cream producer, has launched FizzyDizzy, a new range of exotic flavored ice cream products

Competitive Analysis:

Ice-cream market offers huge growth opportunities for the industrial players. The market is fragmented and marked by the presence of several large and small scale vendors. Market players are pouring in million dollars for product and flavor innovation.  Innovative premium products and the launch of several new flavors remain the central focus of the companies.  Companies extensively invest on marketing activities including celebrity endorsement to leverage on current market trends. Most of the industrial players are diversifying and augmenting their capacities based on strategic product positioning and target audience.

 Industry players in the Ice-cream segment are well aware of the consumer product preferences and have been responding to it through various dimensions including introduction of local flavors, brand extension to include more sophisticated adult-focused flavors, specialty products for health conscious consumers and offering various snack and dessert option. It has been observed that the prices of the most private label ice creams are lower than the branded products owing to the operational efficiency. The growth potential in the market has attracted new market players to enter in the Ice-cream segment and there has been several new private labels emerging in the industry.

With manufacturers aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points from both supply and demand side. Industrial players are relying on strategic acquisition, partnership & collaboration to capture the growth opportunity. The key market players profiled in Ice-cream are Blue Bell Creameries (U.S.), Nestlé S.A. (Switzerland), Unilever (U.K.), General Mills, Inc. (U.S.), Mars, Incorporated (U.S.), Amul (India), Lotte Confectionery (South Korea), and Amy's Ice Creams (U.S.).

Market Segments:

The global Ice-cream market has been divided into shape, type, distribution channel, and region.

On The Basis Of Shape: Sticks (bars), Buckets, Sundae, Floats, and Frozen Novelties

On The Basis Of Type: Regular and specialty (free-from)

On The Basis of Distribution channel: Hypermarket and supermarket, convenience stores, retailers, specialty stores and others

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

Access Report Details @ https://www.marketresearchfuture.com/reports/ice-cream-market-2691

Regional Analysis:

The Global Ice-Cream Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global Ice-cream market is highly dominated by Europe followed by North-America. Germany, U.K., France, Spain, Netherlands and Belgium are the major importing countries in the ice-cream market. Whereas, UK and Sweden are the attractive markets from European region owing to the rising regional demand. Middle East & Africa is expected to grow at a high CAGR and will be contributing high revenue by 2022. The regional demand for ice-cream is driven by climatic conditions in Middle East which is usually warm coupled with convenience factor offered by the packaging in South Africa. Asia-Pacific is also projected to generate a high revenue during the given forecast period as the consumption in this region is found to increase. In APAC region, Australia is the most attractive market for ice cream manufactures

Other Industry News

Ready to start publishing

Sign Up today!