The new report by Expert Market Research titled, ‘Global Ice Cream Market Report and Forecast 2020-2025′, gives an in-depth analysis of the global ice cream market, assessing the market based on its segments like flavour, category, product, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
Historical Market Size (2019):USD 62.3 billion
Forecast CAGR (2020-2025):5%
Forecast Market Size (2025):USD 96.1 billion
Ice cream is used for baking many desserts and beverages, including pies, milkshakes, waffles, sundaes, cold coffee, and floats. This would increase the worldwide distribution of ice creams. In the developing regions like India and China and increased consumer buying power are rising per capita consumption. It is also forecasted that the proliferation of online food services will have a positive impact on the development of the industry. Furthermore, the demand growth is also guided by a variety of flavored ice creams sold in modern retail sizes including department stores, hypermarkets, supermarkets, and convenience stores.
Industry Definition and Major Segments
Ice cream refers to a frozen dessert made with a mixture of milk, cream, and fruits as well as artificial and natural flavours. Egg is also the main ingredient in several versions, including frozen custard as well as French ice creams. The source is abundant in carbon dioxide, phosphate, calcium, thiamine, niacin, ribophlavine, and folate, as well as in vitamins including A, C, D, E, k, b-6, or B-12. This also has many benefits for wellbeing, for instance bone strengthening, energy supply, reduction of blood pressure, brain stimulation and tissue repair. A variety of flavours, including raspberry, chocolate, coffee and other are also available on the market.
Explore the full report with the table of contents@
On the basis of flavour, the industry can be bifurcated into:
Based on the flavour, the vanilla flavour is expected to account for the largest share.
Based on the category, the market can be broadly categorised into:
On the basis of category, the impulse segment dominated the market.
The major product types in the global ice cream market are:
On the basis of the distribution channel, the industry can be segmented into:
Supermarkets and Hypermarkets
Ice Cream Parlours
Based on the distribution channel, the supermarkets and hypermarkets represent the dominant market segment.
Regional Markets for Ice Cream:
The regional markets in the global ice cream market include North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia Pacific holds the leading position in the market.
Many key players invest in R&D activities to develop new flavors and variants that generate a positive outlook for the industry. Ice cream may be a luxury food for food creativity. The addition of ingredients, texture, colour, taste, packaging, equipment used, the purchasing and consumption conditions all lead to a quality product. To order to remain on the market, businesses are actively innovating their goods. Kids are the main consumers of ice cream, and businesses manufacture goods according to children’s preferences. The Wall’s Cornetto Rainbow Pop Ice Cream was launched by Unilever, for example, in Thailand and Indonesia. The emphasis is also on flavor creativity by companies. This is likely to boost the industry in the coming years as well.
Key Market Players
The major players in the market are Nestle SA and General Mills Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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