Industry Background:
The ice cream bar is a frozen dessert in a stick or a candy bar that has ice cream in it. Its coating is a thin layer made of chocolate used to prevent the melting and dripping of ice cream. The bar is also known as a Choc ice in the UK. Moreover, the ice cream bar is distinct from the Popsicle, which does not contain any ice cream. The ice cream bar comes in different flavors such as mint, cherry, and vanilla.
According to AMA Research, the market for Ice Cream Bar is expected to register a CAGR of 4.9% during the forecast period to 2030. This growth is primarily driven by Increasing Popularity of Desserts is Fuelling the Market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Häagen-Dazs (United States), Magnum (Belgium), Unilever (United Kingdom), Yili (China), Mengniu (China), Friendly's (United States), Ben & Jerry's (United States), Mario's Gelati (Canada), LOTTE (South Korea) and Meiji (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2019, Wells Enterprises, Inc. has acquired Fieldbrook Foods from Arbor Investments effective April 15, 2019. This purchase expands Wells’ current manufacturing capacity and diversifies its ability to support customers geographically to help meet future demand and adds an important footprint on the East Coast.
In December 2022, Ferrero Group agreed to acquire Wells Enterprises, maker of ice cream brands like Blue Bunny and Bomb Pop.The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Influencing Trend:
Changing Lifestyle of Individuals and Introduction of New Flavors
Market Growth Drivers:
Increasing Popularity of Desserts is Fuelling the Market
Challenges:
Lack of Manpower Required for the Production
Restraints:
Changing Raw Material Prices
Opportunities:
Increased Disposable Income and Increasing Promotional Activities is Boosting the Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Ice Cream Bar Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Ice Cream Bar Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Ice Cream Bar players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ice Cream Bar Study Sheds Light on
The Ice Cream Bar Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ice Cream Bar industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ice Cream Bar industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.