About Frozen Novelty
Frozen novelties may be defined as easy-to-consume, individual servings of ice cream, or other frozen confections, with an ‘added value' within the form of shape, size, color, texture, flavor, or a combination of two or more of these.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Frozen Novelty market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Frozen Novelty market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Novelty market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Blue Bell (United States), Private label (United States), Perry’s Ice Cream (United States), Blue Bunny (United States), Outshine (Canada), Haagen-Dazs (United States), Klondike (United States) and Nestle (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Frozen Novelty market by Type (Ice Cream Bars, Ice Pops, Ice Cream Sandwiches and Others), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Frozen Novelty 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). If we see Market by Sales Channel, the sub-segment i.e. Supermarkets will boost the Frozen Novelty market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The veganism wave proliferating across the globe is highly influencing innovations
Market Growth Drivers:
Increasing Disposable Income and Rising Preference of Healthy as well as Low Fat Food
Challenges:
Covid-19 Impact
Restraints:
Rising Concern with the Quality of Product and Higher Cost of The Product
Opportunities:
Emergence of Low-fat & Gluten-free Products
Market Leaders and their expansionary development strategies
In January 2022, MidOcean Partners, a premier middle market private equity firm focused on the consumer and business services sectors, announced that it has acquired Casper’s Ice Cream (“Casper’s” or the “Company”), a leading manufacturer and supplier of branded and co-packed frozen novelty products sold through leading grocery and mass customers throughout the United States. The Company primarily sells through the FatBoy brand, one of the fastest growing frozen novelty brands in the US, as well as the Jolly Llama and ChurnBaby brands
In January 2021, Unilever, the world’s largest ice cream company, announced 25 new innovations across six of its packaged ice cream and frozen novelty brands, including Breyers, Good Humor, Klondike, Magnum ice cream, Popsicle, and Talenti Gelato & Sorbetto. These new creations are now available in major retailers nationwide in the US.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.