Ice Cream Manufacturing in Australia - Industry Research Report

Melting point: Volatile input costs and supply chains have eaten into industry margins

During the COVID-19 pandemic, ice cream products grew in popularity among consumers as they sought comfort food during government-mandated restrictions. Major manufacturers also filled supermarkets with healthy, alternative ice creams and premium products. Consumers indulged in premium ice cream as a small luxury during the pandemic, driving up demand. Rising health consciousness during the pandemic offset some demand and revenue growth, with consumers deviating towards healthier alternatives like frozen yoghurt and dairy-free ice creams. Despite trending health consciousness, industry revenue is expected to grow at an annualised 2.6% over the five years through 2022-23, but anticipated to decline 1.1% in the current year, to total $1.3 billion.

Companies in the industry manufacture ice cream, sorbet, gelato and frozen confectionery. Ice creams manufactured from non-dairy substances like soy are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.