Global Ice Cream Market - Growth, Trends, and Forecasts 2017 - 2022

  • ID: 4387616
  • Report
  • Region: Global
  • 174 pages
  • Mordor Intelligence
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Market Insights

The global ice cream market is expected to reach USD 87 billion by 2021, growing at a CAGR of 4.8%. The rise in income along with an increase in demand for sweet dishes drives the growth of this market. Unilever dominates the global market with eight of the 15 top selling brands and a 22% share. Nestle is the closest corporate rival of Unilever with four brands in the top 15. The sales of low-quality ice cream have been declining due to the increased preference for premium ice cream.

Market Dynamics

The new innovative flavors that the companies have come up with act as a major driver for this market. Also, private labelling reduces the price of ice creams, thereby increasing the demand. The rise in demand for ice cream products from consumers above the age of 50 is another factor that contributes to the growth of this market. Ice cream manufacturers have come up with lactose-free ice creams for lactose intolerant consumers. However, health concerns pose a threat to this market, especially in the developed countries. Unseasonable weather is another major restraint to this market.

Market Segmentation

The global ice cream market is segmented on the basis of product type, which has been further subdivided by recipe into ordinary (hard), French, reduced fat, light, soft, no sugar added, lactose-free, gluten-free , and organic ice cream. By shapes, ice creams come in sticks, buckets, sundae, floats and frozen novelties, which may include frozen custard, frozen yogurt, dondurma, gelato, sherbet, snow cones, frozen soufflé, etc. By sales, the market is segmented into impulsive, take-home, and artisanal ice cream. The report discusses the market revenue in terms of distribution channels such as specialty stores, independent stores, on-trade, convenience stores, supermarkets and hypermarkets, etc.

Regional Analysis

The ice cream market has been geographically segmented into North America, Europe, South America, Africa, and Asia-Pacific. In 2015, Europe dominated the market with more than 40% share. The global ice cream sales have grown significantly, with China and Brazil accounting for two-fifths of the global ice cream sales, while the total volume consumed by Americans declined by 59 million litres in 2015. This is due to the rise in demand for higher-priced artisanal products. India ice cream market is growing at a fast pace, with brands mostly dividing into one of the two camps of happiness or health. The market value rose by around 17% in India.

Competitive Environment

The market for ice creams is highly fragmented due to the presence of a number of large and small-scale vendors. The vendors compete for innovation, pricing, and distribution. The introduction of lactose-free ice cream has further increased competition in this market.

Some of the major players in market include:

Key Deliverables:

Market analysis for the ice cream market, with region-specific assessments and competition analysis on the global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the ice cream market on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major countries/regions where this industry is growing and to also identify the regions that are still untapped.

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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Dynamics
4.1 Drivers
4.1.1 Indulgence-Driven Demand
4.1.2 Demand for Niche Icecream Varieties
4.1.3 Rising Consumer Disposable Income
4.2 Restraints
4.2.1 Health Concerns
4.2.2 Highly Consolidated Market Environment
4.2.3 Product Seasonality
4.3 Opportunities
4.3.1 Demand for Innovative Products
4.3.2 Development of Lactose-Free Ice Cream
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Type
5.1.1 By Recipe Ordinary (Hard) Ice Cream French Ice Cream Reduced Fat Ice Cream Light Ice Cream Soft Ice Cream No Sugar Added Ice Cream Lactose-free Ice Cream Gluten-Free Ice Cream Organic Ice Cream
5.1.2 By Shape Sticks (bars) Buckets Sundae Floats Frozen Novelties
5.2 By Sales
5.2.1 Impulse ice cream
5.2.2 Take-home ice cream
5.2.3 Artisanal ice cream
5.3 By Geography
5.3.1 North America U.S. Canada Mexico Others
5.3.2 Europe Germany U.K. France Spain Italy Russia Others
5.3.3 Asia-Pacific China Japan India Australia Others
5.3.4 South America Brazil Argentina Others
5.3.5 Africa South Africa Others
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Amul
7.2 Amy Ice Creams
7.3 Baskin- Robbins
7.4 Bliss Unlimited
7.5 Blue Bell Creameries
7.6 Breyers
7.7 Cold Stone Creamery
7.8 Dean Foods
7.9 Dairy Queen
7.10 FrieslandCampina
7.11 General Mills
7.12 Grupo Lala
7.13 Häagen-Dazs
7.14 Lotte Confectionary
7.15 Marina Ice Cream
7.16 Mars
7.17 Mikawaya
7.18 Nestlé
7.19 Oregon Ice Cream
7.20 Rich Ice Cream
7.21 So Delicious Dairy Free
7.22 Spoldzielnia Mleczarska Mlekovita
7.23 Three Twins Ice Cream
7.24 Tillamook
7.25 Unilever
7.26 Vadilal
7.27 Weight Watchers International
7.28 Yili Group
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Note: Product cover images may vary from those shown