Global Ice Cream Market - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4544672
  • Report
  • Region: Global
  • 110 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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FEATURED COMPANIES

  • Amul
  • Amys Ice Creams
  • Baskin- Robbins
  • Dean Foods
  • FrieslandCampina
  • Lotte Confectionary
  • MORE
Market Insights

The global ice cream market value is expected to reach USD 89.5 billion by 2023, recording an anticipated CAGR of 4.9% during the forecast period (2018-2023). The rise in income, along with an increase in demand for sweet dishes, drives the growth of this market. Unilever dominates the global market occupying eight of the 15 top selling brands and a 22% share in the market. Nestle is the closest corporate rival of Unilever, occupying 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 companies have come up with, act as a major driver for this market. Also, private label ice-creams are cheaper, thereby increasing the demand. The emergence of private label brands, such as Kroger, has helped in establishing a market presence. The rise in demand for ice cream products from consumers above the age of 50 is another factor that contributes to the growth of the market. The availability of lactose-free ice creams is expected to enhance the ice cream market. Consumption of lactose causes several problems, such as gas, bloating, and diarrhea. This resulted in several ice-cream manufacturers formulating their lactose-free ice creams to cater to the niche market of lactose-intolerant consumers.

Market Segmentation

The ice cream market is segmented on the basis of product type, which has been further subdivided, by the recipe, into ordinary (hard), French, reduced fat, light, soft, no sugar added, lactose-free, gluten-free, and organic ice cream. By shape, 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 sale, the market is segmented into impulsive, take-home, and artisanal ice cream. The impulse segment dominated the market and accounted for a market share of 39% in 2016. Factors, such as the desire to indulge in ice cream and the rise in demand for a small portion of snacking options are expected to drive the market. The growing number of lactose-intolerant consumers in North America is expected to change the scenario of the North American ice cream market as only a few number of manufacturers have lactose-free ice creams in their product catalog.

Major players - AMUL, AMYS ICE CREAMS, BASKIN- ROBBINS, DEAN FOODS, FRIESLANDCAMPINA, GENERAL MILLS (HÄAGEN-DAZS), LOTTE CONFECTIONARY, MEIJI HOLDINGS CO. LTD., NESTLE S.A., UNILEVER, among others.

Reasons to Purchase this Report
  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amul
  • Amys Ice Creams
  • Baskin- Robbins
  • Dean Foods
  • FrieslandCampina
  • Lotte Confectionary
  • MORE
1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definitions

2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation

3. Market Overview

4. Market Dynamics
4.1 Drivers
4.1.1 Indulgence-Driven Demand
4.1.2 Growing demand for Clean Label
4.1.3 Rising Consumer Disposable Income
4.2 Restraints
4.2.1 Product Seasonality
4.2.2 Health Concerns
4.3 Opportunities
4.3.1 Growing taste for exotic varities in deveoping region
4.4 Porters 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 Sales Type
5.1.1 Impulse ice cream
5.1.2 Take-home ice cream
5.1.3 Artisanal ice cream
5.2 By Distribution Channel Type
5.2.1 Supermarket/Hypermarket
5.2.2 Convenience stores
5.2.3 Ice cream Parlour
5.2.4 Online
5.2.5 Others
5.3 By Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 France
5.3.2.3 UK
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa

6. Competitive Landscape
6.1 Strategy Adopted by Key players
6.2 Most Active Companies in the Past Five Years
6.3 Market Share Analysis

7. List of Company Profiles
7.1 Amul
7.2 Amys Ice Creams
7.3 Baskin- Robbins
7.4 Dean Foods
7.5 FrieslandCampina
7.6 General Mills (Häagen-Dazs)
7.7 Lotte Confectionary
7.8 Meiji Holdings Co. Ltd.
7.9 Nestle S.A.
7.10 Unilever

8. Appendix
8.1 Disclaimer
Note: Product cover images may vary from those shown
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  • Amul
  • Amys Ice Creams
  • Baskin- Robbins
  • Dean Foods
  • FrieslandCampina
  • General Mills (Häagen-Dazs)
  • Lotte Confectionary
  • Meiji Holdings Co. Ltd.
  • Nestle S.A.
  • Unilever
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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