APAC Ice Cream Market Size

Asia Pacific Ice Cream Market Analysis

The Asia-Pacific Ice Cream Market is expected to register a CAGR of 7.3% in the forecasted period.

• The Asia-Pacific ice cream market is growing as consumers have a higher disposable income and are more likely to buy high-quality ice cream. Food products such as ice cream and frozen desserts have seen rapid growth in the region, as disposable income is predominantly spent on food. Ice cream production is also spurred by the growing dairy market in the Asia-Pacific region. 
• The demand for ice creams in the region is also boosted by the trend of health-conscious consumers who prefer ice creams with functional and health benefits. Health-conscious consumers are favoring brands that use high-quality ingredients such as mung bean and others. For instance, after launching in 2018, the healthy ice cream producer Joyday expanded to 260 Indonesian cities in 2021.
• There is a rise in demand for premium ice creams across Asia-Pacific, which is expected to be one of the primary factors driving the market growth. Latest innovations in ice creams offered by manufacturers to meet consumer demand, such as sugar-free or low-sugar ice creams, are expected to accelerate the growth of the Indian ice cream industry during the forecast period. For instance, in March 2022, the Verka brand launched three new varieties of ice creams in India. One of them is sugar-free vanilla in an 80 ml cup, and the other two are amour range family packs in Afghan dry fruit and American nuts. 
• Premium ice creams have become a popular product among consumers due to the presence of high-quality ingredients and a lower amount of aeration compared to regular ice creams. Significant growth in the dairy industry, rising demand for convenience foods, and increasing product premiumization are also expected to contribute to the increased demand for ice creams in the coming years.