Ice Creams Market by Trend, Share, Size and Streamline
The global Ice Creams Market size is projected to reach a CAGR of 5.0% from 2023-2030.
Ice cream is a dairy product, which is sweetened with either natural sugar or artificial sweeteners. Various ice creams are provided by the companies present in the market, including hard ice cream, soft ice cream, light ice cream, low-fat ice cream, and others. Summer is an undisputed season for the consumption of ice cream and related products.
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The ice cream market across the globe is majorly driven by product innovations, especially in terms of taste profile and nutritional value. There is also a rise in demand for premium ice creams, which will be one of the primary factors driving the market growth. Premium ice creams have become a popular product among health-conscious consumers due to the presence of high-quality ingredients and a lower amount of aeration compared to regular ice creams.
Recent Developments
March 2022: Yuengling’s Corporation, an American ice cream manufacturing company, acquired Revolution Desserts, LLC, an Atlanta-based ice-cream manufacturing company that owns Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo Creamery brands. Revolution Desserts operates in more than 600 retail stores nationwide.
January 2022: Unilever announced the launch of a new vegan ice cream under its magnum brand in Germany. The newly added vegan classic, vegan almond, and vegan hazelnut crunch bars are available on retail shelves across the country.
Prominent Players
- Unilever Group
- Nestle S.A.
- General Mills, Inc.
- Mars
- Blue Bell Creameries
- Lotte Confectionery
- Wells Dairy Inc.
- Turkey Hill
- Mihan Dairy Inc.
- Meiji Holdings Co. Ltd
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Asia Pacific to Dominate the Market
The Asia Pacific region is anticipated to dominate the market during the forecast period. The increasing popularity of fast food, rising disposable income, rapid urbanization, and the impact of Western cuisine and culture have supported the consumption of the product in Asia Pacific.
The growing product acceptability, stiff competition, and large consumer base have pushed operators to strive for competitive advantages through innovations concerning product offerings and service delivery. Major regional players are rigorously trying to strengthen their footprints in the Asian market through the acquisition of small local players or the expansion of their business.
Ice Creams Market Segmentation:
Based on type
· Impulse
· Take Home
Based on flavour
· Vanilla
· Chocolate
· Fruit
· Others
Based on packaging
· Cup
· Cone
· Stick
· Brick
· Tub
· Others
Based on the distribution channel
· Hypermarket/Supermarket
· Ice cream Parlour
· Online Retailer
· Others
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Ice Creams Market?
· Which region holds the largest market share in Ice Creams Market?
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