Asia-Pacific Ice Cream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Asia-Pacific Ice-Cream Market is segmented by Type as Artisanal Ice-Cream, Impulse Ice-Cream and Take-Home Ice-Cream; By Distribution as Specialist Retailers, Supermarket/Hypermarket, Convenience Stores and Other Distribution Channels & by Geography

Market Snapshot

CAGR asia-pacific
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 7 %
Largest Market: China

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Market Overview

Asia-pacific Ice-Cream market is projected to grow at a CAGR of 7% during the forecast period (2020-2025).

  • There is a rise in demand for premium ice creams, across Asia-Pacific, which is expected to be one of the primary factors driving 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.
  • The Developing Economies of Asia-Pacific will see a rising trend of disposable incomes in the coming years which will raise their living standards. The greater part of the disposable income is spent on food and therefore the proportion of ice-cream consumed by the end-consumers will increase.

 

Scope of the Report

Asia-Pacific Ice-Cream Market is segmented by Type as Artisanal Ice-Cream, Impulse Ice-Cream and Take-Home Ice-Cream; By Distribution as Specialist Retailers, Supermarket/Hypermarket, Convenience Stores and Other Distribution Channels & by Geography

By Product Type
Artisanal Ice-creams
Impulse Ice-Creams
Take-Home Ice-Creams
By Distribution Channels
Specialist Retailers
Supermarket/Hypermerket
Convenience Stores
Other Distribution Channels
Geography
China
Japan
India
Australia
Rest of Asia-Pacific

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Key Market Trends

Rising Popularity of Frozen desserts

Ice-cream Segment forms a major part of the Frozen Desserts Market. The rising demand for innovative flavors and formats, and increasing impulse purchase of the product, especially in developing countries, are expected to drive the growth of the ice cream segment which in turn is driving the growth of the Frozen Dessert Market.

frozen dessert asia pacific

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Increase in preference towards pure and simple flavors

Consumer’s preferences towards ice creams has always been increasing. These major segments of people namely The purist, The Health Conscious, The Experimentalist, The Under-Indulger and The Loyalist have different characteristics towards their preferences for Ice-Creams. The purist prefers simple flavors and thinks of it as a special dessert. The health conscious considers organic ice-creams whereas the experimentalist will always try a new flavor. The Under-Indulger may buy small sizes of ice-creams whereas the loyalist buys larger sizes.

ice cream consumer segmentation

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Competitive Landscape

Unilever, General Mills Inc.,Nestlé, Amul, LOTTE Co.,Ltd., etc are some of the prominent players in the Asia-Pacific Market. Vendors compete on the basis of price, quality, product differentiation, distribution, and promotion. It is crucial for players to continuously innovate to operate and grow in the market, due to the rapidly changing consumer demands and preferences. Diversified distribution network gives an upper edge to the Asia-Pacific ice cream manufacturers to sustain their revenue sales, across the region. Unilever’s growth in ice cream was driven by margin-accretive innovations behind premium brands, including the Magnum Double range, the Ben & Jerry’s ‘Wich sandwich, and dairy free range, as well as new variants of Talenti.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Artisanal Ice-creams

      2. 5.1.2 Impulse Ice-Creams

      3. 5.1.3 Take-Home Ice-Creams

    2. 5.2 By Distribution Channels

      1. 5.2.1 Specialist Retailers

      2. 5.2.2 Supermarket/Hypermerket

      3. 5.2.3 Convenience Stores

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 Japan

      3. 5.3.3 India

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Unilever

      2. 6.3.2 General Mills Inc

      3. 6.3.3 Nestle

      4. 6.3.4 Amul

      5. 6.3.5 LOTTE Co.,Ltd

      6. 6.3.6 Yili Group

      7. 6.3.7 Bulla Dairy Foods

      8. 6.3.8 MORINAGA MILK INDUSTRY CO.,LTD

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Ice Cream Market market is studied from 2016 - 2026.

The Asia-Pacific Ice Cream Market is growing at a CAGR of 7% over the next 5 years.

The Asia-Pacific Ice Cream Market is valued at China in 2026.

Unilever, General Mills Inc., Nestlé, Amul, LOTTE Co.,Ltd. are the major companies operating in Asia-Pacific Ice Cream Market.

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