Market Overview:
Ice cream is a sweetened frozen food usually eaten as a snack or dessert. It is made from dairy products, such as milk and cream, and often combined with fruits, flavors and other ingredients. It is sweetened with sugar or sugar substitutes. Usually, flavouring and colouring are added into stabilizers. The mixture is stirred toorporate air spaces and chilled below the freezing point of water to avoid detectable ice crystals from forming. The result is a smooth foam which is solid at very low temperatures. It becomes softer as its temperature.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Unilever (United Kingdom), Nestle (Switzerland), General Mills (United States), Blue Bell Creameries (United States), Lotte Confectionery (South Korea), Wells Dairy Inc. (United States), Turkey Hill (United States), Mihan Dairy Inc. (Iran), Meiji Holdings Co., Ltd. (Japan), Yili Group (China), Morinaga (Japan) and Amul (India) |
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 |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Retail Ice Cream Market Study:
Unilever (United Kingdom), Nestle (Switzerland), General Mills (United States), Blue Bell Creameries (United States), Lotte Confectionery (South Korea), Wells Dairy Inc. (United States), Turkey Hill (United States), Mihan Dairy Inc. (Iran), Meiji Holdings Co., Ltd. (Japan), Yili Group (China), Morinaga (Japan) and Amul (India)
Retail Ice Cream Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Commercial, Household, Supermarket, Grocery, Ice Cream Frenzy and Food Processing Industry |
Type | Classic Ice Creams [Low-Fat or Non-Fat, Take Home, Bulk Ice Creams] and Frozen Novelties [Flavored Ice, Sorbet, Frozen Yogurt] |
Distribution Channel | Offline (Departmental Stores |
Influencing Trend:
Innovative Flavors in Ice Cream Products with Focus on Health Improvement and Growing Usage of Finer-Quality Ingredients
Market Growth Drivers:
Increasing Demand for Frozen Dessert and Increase in Demand for Lactose-Free Ice Creams
Challenges:
Health Concerns Associated With Ice-Cream
Restraints:
Large Numbers of Players are Available
Opportunities:
Development of Lactose-Free Ice-Cream and Introduction of Organic and Sugar-Free Ice Creams
. The Global Retail Ice Cream market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In India’s iconic dairy brand, Keventers, is set to expand its dessert footprint in India with the launched of its new ‘Ice Creamery’ brand that will have six exciting and fun ice cream flavours: Belgian Chocolate; Alphonso Mango; Triple Chocolate; Mocha Almond Fudge Brownie; Exotic Strawberry and Blueberry Cheesecake. The ice creams contain no added preservatives or flavour.
In December 2022, The Ferrero Group (Ferrero) and Wells Enterprises (Wells) today announced an agreement for Ferrero to acquire Wells, its operations and its strong ice cream brands, which include Blue Bunny, Blue Ribbon Classics®, Bomb Pop® and Halo Top. The acquisition is part of Ferrero's strategic growth ambitions for the ice cream category and Wells' vision for accelerated growth.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Retail Ice Cream market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Retail Ice Cream market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Ice Cream, Suppliers of Ice Cream, Wholesalers, Distributors and Retailers of Ice Cream, Food and Beverage Industry, Research Firms and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.