Ice Cream & Chocolate Market Scope
Ice cream & chocolate are very popular among kids, young ones as well as old peoples. There are various benefits of ice cream & chocolates in daily life. Chocolate contains a high level of antioxidants and ice cream is a big source of vitamins, contains minerals and it gives a lot of energy. Ice cream may reduce the chances of cancer.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Pillsbury (United States), Nestlé (Switzerland), Ferrero Group (Italy), Meiji Co. (Japan), Hershey Co. (United States), Lindt & Sprugli (Switzerland), Perfetti Van Melle (Netherlands), Haribo (Germany) and Grupo Arco (Argentina) |
CAGR | 20.3% |
Global Ice Cream & Chocolate is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Ice Cream & Chocolate market throughout the predicted period.
Pillsbury (United States), Nestlé (Switzerland), Ferrero Group (Italy), Meiji Co. (Japan), Hershey Co. (United States), Lindt & Sprugli (Switzerland), Perfetti Van Melle (Netherlands), Haribo (Germany) and Grupo Arco (Argentina) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Mondelez International (United States) and Mars, Incorporated (United States).
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 Ice Cream & Chocolate market by Type and Region with country level break-up.
On the basis of geography, the market of Ice Cream & Chocolate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 May 2021, HERSHEY has acquired Lily’s. The acquisition is the existing offering in the growing segment of the confection category for Hershey. The acquisition enables Hershey to accelerate segment and regional growth.
In February 2024,Tillamook County Creamery Association (TCCA), the co-op behind America's fastest growing family-sized ice cream brand1, has launched the brand's first ever curated collection of Chocolate Ice Cream, just in time for Valentine's Day. But these are not your average chocolate ice cream offerings. Created for lovers (and the people that love chocolate), the new collection is made with 45% more cocoa than Tillamook's classic chocolate ice cream, creating flavors that are richer, darker, decadent, and provide maximum delight by the spoonful.
As per the Food Safety and Standards, “The material should be free from rancidity or off odor, insect and fungus infestation, filth, adulterants, and any harmful or injurious matter.”
Influencing Trend:
Rising Consumer Preference towards Tasty Food Materials
Market Growth Drivers:
Increasing Demand for the Ice Cream & Chocolate to reduce Cholesterol, improve Blood Flow, etc
Challenges:
Regulatory Guidelines on the Ice Cream & Chocolate Manufacturers
Restraints:
High Consumption of Ice Cream & Chocolate cause side effects like nervousness, increased Urination, Sleeplessness, and a Fast Heartbeat and High Fat and Sugar Content in Ice Cream & Chocolate
Opportunities:
Growing Consumption of Ice Cream & Chocolate among Big Population can create Opportunities for the Market Growth and Various Health Benefits of Ice Cream & Chocolate
Key Target Audience
Ice Cream & Chocolate Manufacturers, Ice Cream & Chocolate Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others