The global ice cream market is
anticipated to reach USD 78.8 billion by 2025, growing at a CAGR 4.1%,
according to a new report by Grand View Research, Inc. The growing demand for
premium products especially in developed regions such as North America and
Europe is expected to drive the ice creams sales in these regions. The major
growth is expected to come from developing regions such as Asia Pacific, Latin
America and MEA. Countries such as India and China have a large consumer base
which is expected to drive the sales in terms of both volume and value.
However, growing number of health-conscious consumers is expected to limit the
market growth over the forecast period.
The demand for lactose free is also
expected to contribute to the market growth during the forecast period. The
increase in demand for lactose-free ice creams is driven by increase in cases
of food intolerances and allergies. Thus, the consumers having lactose
intolerance pick lactose-free ice creams. Also, these products are opted by the
consumers who are health conscious and prefer healthy foods.
Companies are introducing many new and
innovative flavors in the ice cream segment to increase their revenue. For
instance, in 2017, Ben & Jerry's introduced three new flavors in summer to
increase their sale. The introduction of new flavors and formats is also
expected to contribute significantly to the growing sales across the globe.
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https://www.grandviewresearch.com/industry-analysis/ice-cream-market
https://www.grandviewresearch.com/industry-analysis/ice-cream-market
Further Key Findings From the Study Suggest:
· The impulse segment has outgrown the
take-home segment in 2016 and is expected to dominate the market during the forecast
period. The ice cream is likely to remain an impulse purchase as manufacturers
in the developing regions have failed to lure consumers with their bulk
products. Manufacturers are expected to extend their impulse product portfolio
during the forecast period.
· The ice cream market is dominated by
various countries which includes China, U.S, Japan, Brazil, Italy and Germany.
Asia Pacific held the largest market share in 2016 and is expected to dominate
the market over the forecast period. Growth is shifting towards emerging
countries such as China, India, Brazil, Indonesia, Vietnam, and South Africa
and developed regions such as North America and Europe are expected to show
slow growth during the forecast period.
· Some of the key players in ice cream market
are Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell
Creameries. There are numerous small and mid-size players which also contribute
significantly to the retail sales.
Grand View Research has segmented the ice
cream market on the basis of product type and region.
Ice Cream Product Outlook (Revenue, USD
Million, 2014 - 2025)
·
Impulse
·
Artisanal
·
Take Home
Ice Cream Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
