Ice Cream Market Scenario:
Market Research Future (MRFR) analysed the ice cream market 2022 across the review period till 2030. MRFR suggests that the ice cream market can expand at a decent CAGR to earn considerable revenue by 2030. COVID 19 impact assessment for the ice cream market is elaborated in the report.
Ice Cream Market size was valued at USD 68,124.7 million in 2021. The ice cream market industry is projected to grow from USD 68,124.7 million in 2021 to USD 1,11,754.3 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.74%during the forecast period (2022 - 2030).
The growing appreciation for creamy treat across the world is identified as one of the major factors that can drive the ice cream market. The availability of ice cream churning and chilling equipment that are driven by modern manufacturing technology can improve the growth of the market. The availability of different type of ice creams and the growing popularity of lactose-free ice cream add momentum to the market. Moreover, the rise in preference of ice creams of numerous flavors among a large number of consumers can promote the global ice cream market through the assessment period. The expanding dairy industry can significantly contribute to the ice cream market rise.
The manufacturers in the region offer new flavors of ice cream in convenient packaging that is known to boost consumer convenience. The emerging trends, such as gluten- and dairy-free ice creams, cinnamon roll ice creams, and chewy crepes instead of wafer cones are observed to create opportunities for modern marketers, this is expected to bolster the rise of the ice cream market in the assessment period.
Market Segmentations:
The segment assessment of the global ice-cream market is done by claim, type, and distribution channel.
The type-based segments of the global ice cream market are buckets/tubs, bars, and floats among others. The increase in sales of bucket or tubs can impact the rise of the market in the years to come. The ease of consumption of floats can promote the expansion of the market in the years to come.
The claim base segments of the ice cream market are low-fat, lactose-free, and low calorie among others. The lactose-free segment can expand at a high CAGR by 2022.
The distribution channel-based segments of the global ice-cream market are non-store-based and store-based. Supermarkets, convenience stores, hypermarkets, and specialty stores among others are store-based sub-segments of the ice cream market. The non-store segment can win high profit for the market.
Regional Assessments:
Trends and factors of ice cream market are analysed for regional progress across the globe. North America, Asia-Pacific, Europe, and the Rest of the World are analysed for the ice-cream market. The ice cream market in North America generates a high revenue in the study period due to the increasing consumption of ice cream. Moreover, the availability of fortified ice-cream products that possess nutrient value is observed to gain high preference. This can promote the expansion of the regional market. APAC ice cream market can surge as the frequency for creamy treat is high. In addition, APAC is known for its festive culture, and the increase in consumption of ice cream as a dessert in these festivals can also support the regional market growth in the near future.
Key Players:
General Mills, Inc. (US), Blue Bell Creameries (US), Mars, Inc. (US), Lotte Confectionery Co., Ltd (South Korea), Amul (India), Unilever (UK), Nestlé (Switzerland), and Amy’s Ice Cream (US) are some reputed names in the global Key Ice Cream Market Players that are listed by MRFR. New entrants and improvisations in systems of existing ice producers can work in favor of the market. In addition, technology such as IoT are being deployed for better manufacturing. Thus, tie-up of enterprises with renowned tech companies can also improve the market rise.
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