Ice cream is a dairy product that has been sweetened with natural sugar or artificial sweeteners. Companies in the market sell a variety of ice creams, including hard ice cream, soft ice cream, light ice cream, and low-fat ice cream. Summer is unquestionably the best time to consume ice cream and related products. The Ice Cream market is further subdivided by Type, Flavour, Distribution Channel, and Geography. The Ice Cream market is divided into three types: impulse ice cream, take-home ice cream, and artisanal ice cream.
Ice Cream Market Report Scope and Research Methodology
The report provides a comprehensive analysis of the Ice Cream market size, growth, supply, demand, share, innovations, and recent developments, and key stakeholders can use the statistics, tables, and figures in simple language for strategic planning that leads to the organization's success. The report covers the market players in the Ice Cream industry, including Company Profile, Revenue, Product Specifications, Production Capacity/Sales, Price, and Gross Margin Sales, as well as an in-depth analysis of the Ice Cream market's competitive landscape. The bottom-up approach was used to estimate the and regional Ice Cream market size by value. Both primary and secondary research methodologies were used and the data collected using both methodologies was combined to make the Ice Cream market report authentic and error-free. The analyst sourced these values from the Ice Cream industry experts and company representatives and externally validated them by analysing historical data of these product types and applications for getting an appropriate, overall Ice Cream market size. SWOT analysis and Porter's Five Force Analysis are used to define, characterize and analyse the Ice Cream market competition landscape, with a focus on key players.
Ice Cream Market Overview:
Stellar Market Research provides a brief description of the Ice Cream Market, which includes the latest snapshots of the market. This helps to understand its features with an overview of the Ice Cream market that highlights standard topics. This overview helps clients to understand the situation in the Ice Cream industry.
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Ice Cream Market Size was valued at USD 72.5 billion in 2021. The global Ice Cream Market size is estimated to grow at a CAGR of 6.5 % over the forecast period.
Ice Cream Market Regional Insights:
The report helps clients to understand the Ice Cream market structure by providing detailed information of key players in each key country. It is a clear representation of local energy, economic, political and geographic variables that is essential for any meaningful assessment of possible policy options in response to the development of the Ice Cream market in each region. North America, Asia Pacific, Europe, South America and the Middle East and Africa are all the regions included in the report.
Ice Cream Market Dynamics:
Increasing consumer demand for healthier and more functional foods has resulted in the development of ice cream containing ingredients with recognized nutritional properties such as probiotics, prebiotics, and natural antioxidants. Premium products are typically made from luxurious, rare, and expensive raw materials using cutting-edge manufacturing techniques. Rapid urbanization, rising millennial product popularity, and a thriving cafe culture are all expected to support the steady growth of premium product options. Furthermore, an increase in the number of craft ice cream parlors and increased consumer spending on high-end products that guarantee the production of desserts using natural ingredients and traditional methods are expected to drive future market growth.
Ice Cream Market Segmentation:
The market is divided into three types: impulse ice cream, take-home ice cream, and artisanal ice cream. In 2021, the Impulse segment will have a commanding ice cream market share. Customers' growing preference for convenient product packages is expected to support the segment's steady growth. Customers are constantly on the move and prefer products that can be used on the go. With the introduction of takeaways and small meals, brands have been able to easily create a wide range of products aimed at specific audiences and age groups, ranging from adults to teenagers to children. Furthermore, the development of impulse packages has contributed to the increased demand in this segment.
By Flavor: The market is divided into vanilla, chocolate, fruit, and other flavors. The most popular flavor among customers worldwide is vanilla, followed by chocolate. It is a natural and expensive flavor that frequently replaces artificial vanillin in the production of ice cream, with different prices for similar products. Because of their good taste, high-quality vanilla-flavored products are expected to support the segment's steady growth. Furthermore, consumers are very attached to traditional flavors and are unwilling to experiment with new, unprecedented, frequently unfamiliar, and innovative flavors of their products. As a result, prominent key players launch marketing campaigns to entice consumers to purchase new types and flavors of their products.
By Distribution Channel: The market is divided into supermarkets, specialty stores, convenience stores, and online stores based on the distribution channel. Among these, the online market has a larger market share due to continued growth in mobile phone and internet adoption, particularly in emerging markets, which has helped boost online sales. Ordering couriers online is a flexible purchasing option that is commonly used around the world. In the future, hypermarket and supermarket owners will adopt an e-commerce model that will make it easier for time-pressed, tech-savvy consumers to get the items they require.
Ice Cream Market Key Players:
Unilever Group (UK)
Nestle SA (Switzerland)
General Mills Inc (US)
Mars (US)
Blue Bell Creameries (US)
Lotte Confectionery (South Korea)
Wells Dairy Inc (US)
Turkey Hill (US)
Mihan Dairy (Iran)
Meiji Holdings Co. Ltd (Japan)
Amul (India)
Vadilal (India)
Key questions answered in the Ice Cream Market are:
- What is Ice Cream Market?
- What are the Ice Cream Market segments?
- Which Ice Cream market segment is expected to grow at a high rate during the forecast period?
- Who are the top players in the Ice Cream market industry?
- What is the expected Ice Cream Market size by 2029?
- What was the Ice Cream Market size in 2021?
- Which region is expected to grow at a high CAGR?
- Who held the largest market share in Ice Cream Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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