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Published March 8, 2018
Ice cream is a very cold sweet food which is made from frozen cream or a substance like cream and has a flavor such as vanilla, chocolate, or strawberry. It is served as dessert and loved by the all age group people. The innovative flavors that companies have come up with, act as a major driver for this market. Also, private label ice-creams are cheaper, thereby growing the demand. The emergence of private label brands, such as Kroger, which has helped in establishing a market presence. The rise in demand for ice cream products from consumers above the age of 50 is another factor that contributes to the growth of the market. The availability of lactose-free ice creams is expected to enhance the ice cream market. Consumption of lactose causes several problems, such as gas, the bloating, and diarrhea. This resulted in several ice-cream manufacturers formulating their lactose-free ice creams to cater to the niche market of lactose-intolerant consumers.
Ice Cream Market Segments Size & Growth:
Global Ice Cream Market is accounted as USD 78.35 billion in 2017 and expected to grow at a CAGR of 5.21% to reach 90.15 billion by 2024 during the forecast period 2018-2024. There are key drivers which are driving the growth of this market. Indulgence-Driven Demand, Emerging markets drives impulse ice cream to become the largest subcategory, but demand for take-home varieties is also rising fast outside the developed world. A range of positive macroeconomic factors, such as infrastructural developments, contribute to the dynamic growth, but the high demand for indulgence and affordable luxury are key to growth globally. Growing demand for clean label drives the market. So demand for the clean label is been increasing which leads to having a growth in ice cream market. Rising Consumer disposable income is another driving factor for ice cream market. People standard of living is been increased. People are more interested to buy the dessert type, which in turn fuels the growth for this market.
One of the major restraints for this market is product seasonality which hinders the market growth. It is mostly consumed during the summer season. So in winter season people are less interested to consume this kind of dessert which is a disadvantage for this market. Another major restraint is a health concern. As ice cream contains more calorie people who are more concerned about their health less likely to have this.
In developing region growing taste for exotic variation will lead to the path for this market. As the number of variety is been increased people are more keen to buy this kind of products.
Ice Cream Market Share:
In terms of geography, the market is segmented into Asia Pacific, Europe, Middle East & Africa, North America, and South America. Asia-Pacific is expected to have the highest growth rate, owing to rise in demand from the emerging economies such as India, China, Indonesia, and others. Moreover, increased in disposable income and raise in standard of living fuels the market growth. India and China are projected to have significant growth during the forecast period. The growing number of lactose-intolerant buyers in North America is expected to change the scenario of the North American ice cream market as only a few numbers of manufacturers have lactose-free ice creams in their product catalog.
In terms of sales, the market is segmented as Impulse Ice Cream, take-home ice cream, artisanal ice cream. By distribution channel market the market is segmented as follows.
In terms of product type ice cream market is segmented into the recipe which is further segmented into ordinary, French, reduced fat, light, no sugar added, lactose-free, gluten-free, organic ice cream.
Ice Cream Market Trends:
Ice Cream Market Research Report:
Major Key players are as follows.
Along with these companies, there were many other companies considered/cited in the report while analyzing the Ice Cream market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.4 SWOT Analysis
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1.1 Indulgence-Driven Demand
4.1.2 Growing demand for clean label
4.1.3 Rising Consumer disposable income
4.2 Restraints & Challenges
4.2.1 Product Seasonality
4.2.2 Health Concerns
4.3.1 Growing taste for exotic varieties in developing the region
Chapter 5 Ice Cream Market Segmentation, by sales type
5.1 Impulse Ice Cream
5.2 Take-home Ice Cream
5.3 Artisanal Ice Cream
Chapter 6 Ice Cream Market Segmentation, by distribution Channel Type
6.2 Convenience Stores
6.3 Ice Cream Parlor
Chapter 7 Ice Cream Market Segmentation, by Geography
7.2 North America
7.2.1 United States
7.5 South America
7.6 Middle East & Africa
7.6.1 Middle East
Chapter 8 Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted By Top Companies
Chapter 9 Company Profiles
9.1 Amy’s Ice Creams
9.2 Baskin- Robbins
9.4 General Mills (Häagen-Dazs)
9.5 Lotte Confectionary
9.6 Dean Foods
9.8 Nestle S.A.
9.10 Meiji Holdings Co. Ltd
9.11 Mars, Incorporated
9.12 Blue Bell Creameries
9.13 Wells Dairy Inc.
9.14 Turkey Hill
9.15 Mihan Dairy Inc.
Chapter 10 Market Insights
10.1 Insights of Industry Experts
10.2 Analyst Opinion (Market Understanding)
10.3 Investment Opportunities
Chapter 11 Appendix
11.1 List of Tables
11.2 List of Figures