GMI Research's blog : Ice Cream Market Analysis Report By Size, Growth, global market Forecast 2020-2027

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Ice Cream Market

Ice Cream Market is predicted to grow at a CAGR of 2% over the forecast period (2020-2027), owing to the growing demand for exclusive ice creams.

 For example, Halo Top, a leading ice cream company, produces low sugar, calories, high protein, and natural ingredients and flavors. Thus, as per the ice cream market analysis, the accessibility of flavoured ice cream depending on the need of customers have strengthened the ice cream market growth. Other factors such as accelerating per capita income, increasing product launch, and growing demand for premium ice creams will surge the global ice cream market growth over the coming years.

Consumers are ready to pay extra for superior and exclusive flavours, thereby encouraging the establishment of premium brands to fulfil the growing demand for market. However, the seasonal nature of ice cream owing to the continuous growth of ice cream have restrained the market growth. The advent of the coronavirus crisis has hampered the ice cream market size, owing to the disturbance in supply chain and temporary halt of ice cream. Also, the misconception that ice cream consumption makes one susceptible to the coronavirus due to cold might further hinder the ice cream market size.

By product, the artisanal ice cream segment is projected to grow at a faster CAGR over the forecast period, owing to their higher nutritional value. These ice creams are made up of natural ingredients without any added sugar, thus the growing health concerns among consumers will drive the segment’s growth.

By region, the Asia-Pacific region is predicted to expand at a promising rate during the forecast period, owing to the accelerating per capita income and growing urban population.  

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Leading players in the market include Nestle S.A., General Mills Inc., Mars Incorporated, Blue Bell Creameries, L.P, Wells Enterprises, Turkey Hill Dairy, Mihan Dairy & Ice cream Group, Lotte Confectionery Co. Ltd, and Meiji Holdings Co., Ltd.

Ice Cream Market Segmentation:

Ice Cream Market by Product

·         Impulse Ice Cream

·         Artisanal Ice Cream

·         Take Home Ice Cream

Ice Cream Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

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On: 2022-05-20 13:36:15.889