Market – Overview
Ice-cream is a frozen-food, sweet in flavor and is enjoyed as a dessert all over the globe. It contains dairy and nondairy ingredients. The ice cream industry has developed on the basis of supply of ingredients in reasonable rates. Ice cream is recommended as an effective delivery medium for probiotic organisms. It is valuable for its high-quality protein and easily assimilated calcium. Ice-cream comes in variety of flavors in which fruits, nuts and other ingredients can be added to enhance the nutritional value and organoleptic property of the product. It is stored in the freezing- temperature and contains mild preservatives. Ice-cream is considered as a dairy product as milk remains the key ingredient of the product. In today’s scenario, ice-cream as a specialty diet is becoming popular amongst the consumers.
According to a recent study report published by the Market Research Future, the global market for Ice-creams is estimated for a striking growth by 2022, in terms of value and volume. Globally the market for Ice-creams is expected to grow with a staggering rate of a CAGR; witnessing a lustrous growth surpassing its previous growth records by the end of the forecasted period (2016 – 2022).
Improving economic conditions, population growth of various economies of the regions is the major driver for the growth of ice-cream market. The increased demand for frozen desserts in the developed countries is supporting the sale of ice-creams in those regions. The developing technologies have helped in enhancing and innovating new flavors in the ice-creams which have also helped in fueling up the market share of the product. Overall, the popularity of ice-cream is rising based on the above factors.
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Brands adoption of innovation is the key trend with which the Key Players allure their consumers. Offering better and unique taste variants is matched by the rising aspirations of consumers and their willingness to pay a premium. Nestlé’s Movenpick offers tropical fruit sorbets and sorbet-and-ice-cream combinations while Amul has a wide range of mid-market and premium products and has recently introduced the super-premium Crème Rich.
The global Ice creams market is well-established. Matured major players with the presence in the international and regional market; illustrate the market of ice-creams as highly competitive and fragmented. Top players compete upon innovation, quality, cost, and financial stability. To maintain their market position and to drive the market players are focusing upon developing their product portfolio with the help of advance technologies. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players.
Identified and profiled in the MRFR Analysis some of the key players profiled in the Ice-cream market 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), Amy’s Ice Creams (U.S.)
Access the market data and market information presented through more than 25 market data tables and 25 figures spread over 110 numbers of pages of the project report “Ice-Cream Market – Forecast to 2022”
Ice-cream Product Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Product-form : Comprises sticks, buckets, sundae, cones, floats and others.
Segmentation By Flavors : Compriseschocolate, vanilla, strawberry, butter pecan, cookies and cream and others.
Segmentation By Specialty-diet : Comprisesreduced-fat, no-added sugar, gluten-free, lactose-free and others.
Segmentation By distribution channel : Compriseshypermarket and supermarket, convenience stores, retailers, specialty stores and others.
Segmentation On the basis of Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Sundae, Buckets and Floats segments are experiencing higher growth rate.
Chocolates segment holds a high share amongst the flavors.
No-added sugar (sugar-free) segment by specialty diet is increasing at a high growth rate.
Amongst the given distribution channel, hypermarket and supermarkets hold a prominent share.
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The global ice-cream market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these Europe has the major market share followed North-America. Asia-Pacific is projected to generate a high revenue during the given forecast period as the consumption in this region is found to increase. The fortified ice-cream products to increase the nutrient value are having a positive impact on the growth rate of the market. The Major importers of ice-cream include Germany, U.K., France, Spain, Netherlands and Belgium.
Top five exporters of Ice-cream include France, Belgium, Germany, Italy and U.S.
List of Figures
FIGURE 1 Research Methodology
FIGURE 2 Primary Data Analysis Approach
FIGURE 3 Secondary Data Analysis Approach
FIGURE 4 Trends In Ice-Cream imports 2013-16
FIGURE 5 Growth Rate in Ice-Cream imports 2013-16
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