Gelato Market Scope
Gelato is a popular frozen dessert of Italian origin. It is generally lower in fat than other styles of frozen desserts which boosting the demand of gelato in the market. Product innovation, rise in disposable income, and retail market expansion are expected to have a high impact on gelato, market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Unilever (United Kingdom), General Mills, Inc. (United States), Nestlé S.A. (Switzerland), Haagen-Dazs (United States), High Road Craft Brands (United States), Graeter’s Inc. (United States), Steve’s Ice Cream, LLC (United States) and eCreamery (United States) |
CAGR | 6.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Gelato market throughout the predicted period.
Unilever (United Kingdom), General Mills, Inc. (United States), Nestlé S.A. (Switzerland), Haagen-Dazs (United States), High Road Craft Brands (United States), Graeter’s Inc. (United States), Steve’s Ice Cream, LLC (United States) and eCreamery (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Gelato market by Type and Region with country level break-up.
On the basis of geography, the market of Gelato has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2023, Italian gelato giant Grom announced a partnership with restaurant chain Eataly to bring its authentic gelato to new locations across the United States, aiming to expand its reach in the North American market.
In July 2023, Unilever, a major player in the ice cream and frozen dessert industry, announced an expansion of its plant-based gelato offerings under its Ben & Jerry's brand, catering to the growing demand for vegan and dairy-free options.
Influencing Trend:
Rising Demand from Younger Demographics and Emerging Middle Class
Market Growth Drivers:
Increased Consumer Spending on Dairy Consumption and Availability of Various Flavoured Gelato
Challenges:
Fluctuation in the Price of Raw Material such as Milk, Cream, Etc.
Restraints:
Availability of Substitutes like Ice-Cream and Seasonal Product
Opportunities:
Growth in the Dessert and Beverage Industry in Emerging Countries and The Demand for Innovation and Development of Different Flavour
Key Target Audience
Gelato Manufacturer, Gelato Suppliers/Distributors, Raw Material Suppliers, Desert and Beverage Industry and Potential Investor