Market Scenario
Market Research Future (MRFR) analyzed the ice cream market 2020 across the review period till 2022. MRFR suggests that the ice cream market can expand at a decent CAGR to earn considerable revenue by 2022. COVID 19 impact assessment for the ice cream market is elaborated in the report.
The growing appreciation for creamy treats 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 the different types of ice creams and the growing popularity of lactose-free ice cream add momentum to the market. Moreover, the rise in preference for ice creams of numerous flavors among many 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.
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Key Players
General Mills, Inc. (US), Blue Bell Creameries (US), Mars, Inc. (the 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 ice-cream market 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 is being deployed for better manufacturing. Thus, the tie-up of enterprises with renowned tech companies can also improve the market rise.
Market Segmentation
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 buckets 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 profits for the market.
Regional Analysis
Trends and factors of the ice cream market are analyzed for regional progress across the globe. North America, Asia-Pacific, Europe, and the Rest of the World are analyzed 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 the 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 soon
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
