The rise in income, along with an increase in demand for sweet dishes, drives the growth of this market. Nestle is the closest corporate rival of Unilever, occupying four brands in the top The sales of low-quality ice cream have been declining, due to the increased preference for premium ice cream. Key Deliverables in the Study Market analysis for the ice cream market, with region-specific assessments and competition analysis on the global and regional scale.
The rising demand for innovative flavors and formats and growing demand for impulsiveness to consume the product in developing countries is expected to drive the market growth during the forecast period. However, the share of North America and Europe is expected to decline owing to growing number of health-conscious consumers in the region There has been growing demand for the product in Asia Pacific countries such as India and China owing to large consumer base and favorable climatic conditions for consumption of ice creams.
There is a growing demand for lactose free product across the globe.
The increase in demand for lactose-free product is driven by increase in case 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. Lactose intolerant patient is not able to digest lactose which is sugar found in milk and dairy products. As per the U. National Library of Medicine, around This condition is also common in people of Italian, Greek, Jewish, Arab, and West African descent Companies are introducing many new and innovative flavors in the ice cream segment to increase their revenue.
The introduction of new flavors is expected to drive the sales growth by value, thereby increasing the overall market growth. Rising demand for premium products has led to decline in sales of low quality ice creams and the trend is expected to continue during the forecast period which is anticipated to drive the sales value of ice creams especially in developed regions such as North America and Europe InChina overtook U.
Consumers in the country consider ice cream as snack and it is one of the main reasons for the growing consumption of this product in the country. However, sales volume has decreased in last few years owing to growing number of health-conscious consumers who refrain from consuming any type of ice cream in order to cut down their sugar consumption levels.
Product Insights Based on product, the market is segmented into impulse, artisanal, and take-home. Impulse segment held the largest share as of Impulse ice creams are bought for immediate consumption.
These include cups, cones, ice-lollies, sandwiches, ice cream bars, and sticks. The impulse segment has outgrown the take-home segment in and is expected to dominate the market during the forecast period. Ice cream is likely to remain an impulse purchase as manufacturers in the developing regions have failed to lure consumers with their bulk products Artisanal ice cream holds a small share in the global market in The segment is expected to witness decent growth during the forecast period.
The growth is attributed to the rising demand for hand-made ice creams containing high quality ingredients. Take home products are immensely popular in developed regions such as Western Europe and North America. Innovations in packaging is also contributing to the growing demand for take home products as these new packs are more convenient to carry and store as compare to old ones Regional Insights 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 and is expected to dominate the market over the forecast period.Ice Cream, Sundae Parties, Sandwich, Deli, Propane, Garden Center, Bark Mulch, Bakery.
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Mochi ice cream is a confection made from Japanese mochi (pounded sticky rice) with an ice cream filling. It was invented by Japanese-American businesswoman and activist Frances Hashimoto. Various ice creams are provided by the companies present in the market, including hard ice cream, soft ice cream, light ice cream, low-fat ice cream, and others.
Summer is an undisputed season for the consumption of ice cream and related products. Oct 30, · While the U.S. ice cream market has been flat overall in recent years, beneath the top line a new story is unfolding that may signal shifts ahead.
Overall sales for the ice cream industry have.