Market Snapshot
2016-2024
2018
Asia Pacific
North America
4.9%
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Market Overview
The Global Ice Cream Market is growing at a CAGR of 4.9% during the forecast period (2019 - 2024).
- The rise in income, along with an increase in demand for sweet dishes, drives the growth of this market.
- Whereas, the new innovative flavors that companies have come up with, act as a major driver for the market. Also, the cheaper price of the private label ice-creams are increasing the demand.
- The sales of low-quality ice cream have been declining, due to the increased preference for premium ice cream.
Scope of the Report
The market study of Ice Cream is available as impulse ice cream, take-home ice cream and artisanal ice cream. By distribution channel, the market is segmented as supermarket/hypermarket, convenience stores, specialist stores and others.
| By Type | |
| Impulse Ice Cream | |
| Take-home Ice Cream | |
| Artisanal Ice Cream |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialist Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Key Market Trends
Product Innovation is leading the Ice Cream Market
Product innovation can make Ice cream a luxury product. The ingredients added, texture, color, flavor, packaging, the technology used, the circumstances of the purchase and consumption, all these contribute to a premium product. Companies are continuously innovating their products in order to stay in the market. Children are the major consumers of Ice cream, thus companies are producing products as per the interest of children. For instance, Unilever launched a product, Wall's Cornetto Rainbow Pop Ice Cream in Thailand and Indonesia. It is a first rainbow ice cream consisting of popping candy on the top. Companies are also focussing on flavor innovation, for instance, Tasty, one of the largest social food network in the world, has launched four new limited offer flavors, Vanilla Galaxy Twist, Peanut Butter 'S'mores Smash, Chocolate Caramel Pretzel Crunch and White Chocolate Raspberry Lava Cake to attract more consumers.
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North America Being the Largest Market for Global Ice Cream Industry
The rise in income along with an increased indulgence for sweet dishes drives the growth of this market. Unilever dominates the global market followed by Nestle. The sales of low-quality ice cream have been declining due to the increased preference for premium ice cream. The innovative flavors that companies have come up with act as a major driver for this market. Moreover, private labeling reduces the price of ice creams, thereby increasing demand. The sales of basic variety ice creams have been declining in favor of premium ones. Currently, the United States is leading the way due to the introduction of handcrafted ice creams, which is relatively linked to market maturity.
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Competitive Landscape
The global ice cream market is a highly fragmented market and comprises of regional and international competitors. The most active companies in the market include key players, such as Unilever, Nestle SA and General Mills. Major players are focusing on introducing new products in the market to cater to the interests of the consumers.
Major Players
* Complete list of players covered available in the table of contents below
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Impulse Ice Cream
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5.1.2 Take-home Ice Cream
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5.1.3 Artisanal Ice Cream
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5.2 By Distribution Channel
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5.2.1 Supermarkets/Hypermarkets
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5.2.2 Convenience Stores
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5.2.3 Specialist Stores
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5.2.4 Other Distribution Channels
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Russia
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5.3.2.5 Spain
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5.3.2.6 Italy
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5.3.2.7 Rest of Europe
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5.3.3 Asia Pacific
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5.3.3.1 India
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5.3.3.2 China
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5.3.3.3 Japan
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East and Africa
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5.3.5.1 UAE
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5.3.5.2 South Africa
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5.3.5.3 Rest of MEA
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Key Staregies Adopted
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Uniler
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6.4.2 Lotte Corporation
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6.4.3 Nestle
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6.4.4 General Mills Inc.
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6.4.5 Dunkin Brands
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6.4.6 Blubell Creameries
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6.4.7 Dean Foods
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
