The global ice cream market is anticipated to
reach USD 78.8 billion by 2025, growing at a CAGR 4.1%, according to a new
report by Grand View Research, Inc. The growing demand for premium products
especially in developed regions such as North America and Europe is expected to
drive the ice creams sales in these regions. The major growth is expected to
come from developing regions such as Asia Pacific, Latin America and MEA.
Countries such as India and China have a large consumer base which is expected
to drive the sales in terms of both volume and value. However, growing number
of health-conscious consumers is expected to limit the market growth over the
forecast period.
The demand
for lactose free is also expected to contribute to the market growth during the
forecast period. The increase in demand for lactose-free ice creams is driven
by increase in cases of food intolerances and allergies. Thus, the consumers
having lactose intolerance pick lactose-free ice creams. Also, these products
are opted by the consumers who are health conscious and prefer healthy foods.
Companies
are introducing many new and innovative flavors in the ice cream segment to
increase their revenue. For instance, in 2017, Ben & Jerry's introduced
three new flavors in summer to increase their sale. The introduction of new
flavors and formats is also expected to contribute significantly to the growing
sales across the globe.
Full research report on ice cream market analysis: https://www.grandviewresearch.com/industry-analysis/ice-cream-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=minakshi13feb_thumblr&utm_content=content
Further Key Findings From the Study Suggest:
·
The impulse segment has outgrown the
take-home segment in 2016 and is expected to dominate the market during the
forecast period. The ice cream is likely to remain an impulse purchase as
manufacturers in the developing regions have failed to lure consumers with
their bulk products. Manufacturers are expected to extend their impulse product
portfolio during the forecast period.
·
The ice cream market is dominated by
various countries which includes China, U.S, Japan, Brazil, Italy and Germany.
Asia Pacific held the largest market share in 2016 and is expected to dominate
the market over the forecast period. Growth is shifting towards emerging
countries such as China, India, Brazil, Indonesia, Vietnam, and South Africa
and developed regions such as North America and Europe are expected to show
slow growth during the forecast period.
·
Some of the key players in ice cream market
are Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell
Creameries. There are numerous small and mid-size players which also contribute
significantly to the retail sales.
View more reports of this category by Grand
View Research at: https://www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the ice
cream market on the basis of product type and region.
Ice Cream
Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Impulse
·
Artisanal
·
Take Home
Ice Cream
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
Italy
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa (MEA)
o
South Africa
Access press release by
Grand View Research: https://www.grandviewresearch.com/press-release/global-ice-cream-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
