Ice cream is a dairy product that has been sweetened with natural sugar or artificial sweeteners. Companies in the market sell a variety of ice creams, including hard ice cream, soft ice cream, light ice cream, and low-fat ice cream. Summer is unquestionably the best time to consume ice cream and related items. The Ice Cream market is further subdivided by Type, Flavour, Distribution Channel, and Geography. The Ice Cream market is divided into three types: impulse ice cream, take-home ice cream, and artisanal ice cream.
Ice Cream Market Report Scope and Research Methodology:
The market study includes historical data and revenue growth projections at the regional and country levels, as well as a comprehensive analysis of Ice Cream market trends in each of the key segments and their sub-segments from 2022 to 2029.The core research approach of the Stellar Market Research team is data triangulation, which comprises an examination of the impact of data factors on the Ice Cream market, data mining, and primary (industry expert) validation. The research report analyses the Ice Cream market’s past and present situation, as well as expected developments and size. The research report offers an easy-to-understand evaluation of the Ice Cream market’s complex facts. SWOT analysis was used to identify the Ice Cream industry’s top players’ strengths, weaknesses, opportunities, and threats, and a bottom-up approach was used to estimate market size.
Ice Cream Market Report Overview:
The forecast was developed mostly via the analysis of historical data and current market trends in the Ice Cream Market. It contains market size, share, regional analysis, dynamics, CAGR, and future trends, making the report a valuable resource for investors by providing a forward-looking picture of the Ice Cream Industry.
Ice Cream Market Size was valued at USD 72.5 billion in 2021. The global Ice Cream Market size is estimated to grow at a CAGR of 6.5 % over the forecast period.
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Ice Cream Market Regional Analysis:
The research covers all regions, including Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The study describes the current state and forecast for the regional Ice Cream market in terms of size, share, and volume.
Ice Cream Market Segmentation:
By Type, the market is divided into three categories: impulse ice cream, take-home ice cream, and artisanal ice cream. In 2021, the Impulse segment will have a majority ice cream market share. Customers’ increasing preference for handy product packing is projected to sustain the segment’s consistent expansion. Customers are always on the go and want products that can be used on the go. With the introduction of takeout and tiny meals, marketers have been able to readily manufacture a variety of items geared to certain audiences and age groups, ranging from adults to teens to toddlers. Furthermore, the creation of impulse packages has contributed to the rising demand in this area.
By Flavour: The market is divided into vanilla, chocolate, fruit, and others. Vanilla is the most popular flavour among customers worldwide, followed by chocolate. It is a natural and expensive flavour that frequently substitutes artificial vanillin in the creation of ice cream, with varied pricing for products of the same taste. Due of their superb taste, high-quality vanilla-flavored items are likely to maintain the segment’s consistent expansion. Furthermore, consumers are strongly committed to classic flavours and are unwilling to choose new, unexpected, often unknown, and innovative flavours for their products. As a result, significant main players launch marketing campaigns to urge people to purchase new varieties and flavours of their products.
By Distribution Channel: The market is divided into supermarkets, specialty stores, convenience stores, and internet retailers based on the distribution channel. Among these, the online market has a larger market share due to ongoing growth in mobile phone and internet penetration, particularly in emerging nations, which has helped boost online sales. Ordering couriers online is a flexible purchase option that is commonly used around the world. In the future, hypermarket and supermarket operators will adopt an e-commerce model that will make it easier for time-pressed, tech-savvy consumers to purchase the things they require.
Ice Cream Market Key Players:
Unilever Group (UK)
Nestle SA (Switzerland)
General Mills Inc (US)
Mars (US)
Blue Bell Creameries (US)
Lotte Confectionery (South Korea)
Wells Dairy Inc (US)
Turkey Hill (US)
Mihan Dairy (Iran)
Meiji Holdings Co. Ltd (Japan)
Amul (India)
Vadilal (India)
Key Questions answered in the Ice Cream Market Report are:
What are the Ice Cream market segments?
Which region of the Ice Cream market is expected to grow at a high rate during the forecast period?
What is the expected CAGR of the Ice Cream market during the forecast period?
What are the emerging trends in the Ice Cream market?
What are the factors restraining the Ice Cream market growth?
Key offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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