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Ice Cream Market by Product Type (Impulse Ice Cream, Take-Home Ice Cream and Artisanal Ice Cream): Global Opportunity Analysis and Industry Forecast, 2017–2023
Update Available On-Demand

FO_172372
Pages: 165
Jun 2017 | 44836 Views
 
Author(s) : Roshan Deshmukh
Tables: 80
Charts: 25
 

Ice Cream Market Outlook - 2023

The Global Ice Cream Market was valued at $68,072 million in 2016, and is projected to reach $97,301 million by 2023, registering a CAGR of 5.4% from 2017 to 2023. Ice cream is dairy product, which is sweetened with either natural sugar or artificial sweeteners. Various ice creams are provided by the companies present in the market, including hard ice cream, soft ice cream, light ice cream, low-fat ice cream, and others. Summer is an undisputed season for the consumption of ice cream and related products. The growth of the ice cream industry is driven by availability of various flavored ice creams. As a result, the ice cream consumers pay a premium price for these products, which in turn increases the revenue of the market.

Manufacturers are increasing their product range by including functional ingredients, organic herbal fillings, and exotic flavors in product formulations to meet the changing consumers’ demands. For instance, companies are including other exotic flavors such as tropical fruits, lemons, and coconuts to cater to changing taste of consumers. In addition, for health-conscious customers prefer a low-calorie and low-fat ice cream called Skinny Cow. In this way, product innovation in ice cream products drive growth and development of the market globally. Apart from this, retail channels such as hypermarkets, supermarkets, convenience stores, discounters, forecourt retailers, and grocery stores act as global marketing tool that assist in building an impressive premium image and increase brand exposure of wide variety of ice cream products. Expansion of these retail channels contributing in the growth of ice cream market size. However, the health concerns associated with ice creams restrain the ice cream market growth. Furthermore, rise in demand for innovative products and development of lactose-free ice cream provide growth opportunities for ice cream market size expansion.

Global Ice Cream Market

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The global ice cream industry is segmented based on sales type and geography. On the basis of sales type, the ice cream market is categorized into impulse ice cream, take-home ice cream, and artisanal ice cream. Geographically, the ice cream market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is expected to witness the highest growth rate, owing to rise in demand from the emerging economies such as India, China, Indonesia, and others. Moreover, increased disposable income and rise in standard of living boost the growth of market. India and China are projected witness significant growth during in the ice cream market forecast.
Australia is the most attractive market for ice cream manufactures. Ice cream market in Australia is approximately 10% of the overall country’s food industry. Hypermarkets & supermarkets were the second leading distribution channel in Australia. However, the hypermarkets & supermarkets are believed to be the fastest growing distribution channel in the country. Sweden and UK are the attractive markets for ice cream from European region owing to the growing regional demand.    

Global Ice Cream Market By Sales Type

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Product innovation, economic growth, rise in disposable income, and retail market expansion are expected to have high impact on ice cream market share. Product innovation will diversify the offerings and assist in meeting varying consumer demands while economic growth will continue to increase the spending power of customers.

Consumers consider ice cream as snack and it is one of the main reasons for the growing consumption of take-home segment. In 2016, the take-home segment accounted for the highest share, growing at a CAGR of 5.3% from 2017 to 2023. The growth is also projected because of increased disposable income, the introduction of new flavors from the manufacturers, and increased consumption of ice-cream as a snack option boosts the market for ice cream products.

Global Ice Cream Market By Region

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LAMEA is also expected to show decent growth over the forecast period owing to rising demand of ice creams from younger demographics and emerging middle class. The LAMEA region accounted for one-sixth of the global ice cream market in 2016 and is projected to witness a CAGR of 5.8% during 2017 to 2023. Brazil accounted for approximately 50% of the LAMEA ice cream market share. The prolonged summer season in the LAMEA region is also expected to drive the demand for ice creams in countries such as South Africa, Saudi Arabia and others. UAE is projected to register the highest CAGR of 10.2% during 2017 to 2023. 

The key players profiled in the ice cream market report include Unilever Group Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries, Lotte Confectionery, Wells Dairy Inc., Turkey Hill, Mihan Dairy Inc., and Meiji Holdings Co. Ltd.

The other key market players (not profiled in this report) in the value chain include United Kaipara Dairies Company, Pure Ice Cream Company, International Foodstuffs Co., Baskin-Robbins, Cold Stone Creamery, and International Dairy Queen, Inc.

Key Benefits for Ice Cream Market:

The report provides an extensive Ice Cream market analysis of the current and emerging market trends and opportunities.
The report provides detailed qualitative and quantitative analysis of the current Ice Cream market trends and future estimations that help evaluate the prevailing Ice Cream market opportunity.
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.

Ice Cream Market Segments:

By Product Type

  • Impulse Ice Cream
  • Take-Home Ice Cream
  • Artisanal Ice Cream

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Finland
    • Sweden
    • Ireland
    • Denmark
    • Italy
    • UK
    • Rest of Europe 
  • Asia-Pacific
    • New Zealand
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Availability of various flavored ice-cream
3.4.1.2. Rise in disposable income
3.4.1.3. Increased consumption of take-home ice cream products

3.4.2. Restraints

3.4.2.1. Health Concerns associated with ice-cream
3.4.2.2. Seasonal product

3.4.3. Opportunities

3.4.3.1. Development of lactose-free ice-cream

3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. ICE CREAM MARKET, BY SALES TYPE

4.1. INTRODUCTION

4.1.1. Market size and forecast

4.2. IMPULSE ICE CREAM

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. TAKE-HOME ICE CREAM

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. ARTISANAL ICE CREAM

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

CHAPTER 5. ICE CREAM MARKET, BY GEOGRAPHY

5.1. INTRODUCTION

5.1.1. Market size and forecast

5.2. NORTH AMERICA

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. U.S.

5.2.3.1. Market size and forecast, By sales type

5.2.4. Canada

5.2.4.1. Market size and forecast, By sales type

5.2.5. Mexico

5.2.5.1. Market size and forecast, By sales type

5.3. EUROPE

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Finland

5.3.3.1. Market size and forecast, By sales type

5.3.4. Sweden

5.3.4.1. Market size and forecast, By sales type

5.3.5. Ireland

5.3.5.1. Market size and forecast, By sales type

5.3.6. Denmark

5.3.6.1. Market size and forecast, By sales type

5.3.7. Italy

5.3.7.1. Market size and forecast, By sales type

5.3.8. UK

5.3.8.1. Market size and forecast, By sales type

5.3.9. Rest of Europe

5.3.9.1. Market size and forecast, By sales type

5.4. ASIA-PACIFIC

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. New Zealand

5.4.3.1. Market size and forecast, By sales type

5.4.4. Australia

5.4.4.1. Market size and forecast, By sales type

5.4.5. Rest of Asia-Pacific

5.4.5.1. Market size and forecast, By Sales type

5.5. LAMEA

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.3. Brazil

5.5.3.1. Market size and forecast, By sales type

5.5.4. Argentina

5.5.4.1. Market size and forecast, By sales type

5.5.5. South Africa

5.5.5.1. Market size and forecast, By sales type

5.5.6. UAE

5.5.6.1. Market size and forecast, By sales type

5.5.7. Rest of LAMEA

5.5.7.1. Market size and forecast, By sales type

CHAPTER 6. COMPANY PROFILES

6.1. UNILEVER GROUP

6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Business performance
6.1.5. Key strategic moves and developments

6.2. NESTLE S.A.

6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Business performance
6.2.5. Key strategic moves and developments

6.3. GENERAL MILLS, INC.

6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Business performance
6.3.5. Key strategic moves and developments

6.4. MARS

6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Business performance
6.4.5. Key strategic moves and developments

6.5. BLUE BELL CREAMERIES

6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Business performance
6.5.5. Key strategic moves and developments

6.6. LOTTE CONFECTIONERY

6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Business performance
6.6.5. Key strategic moves and developments

6.7. WELLS DAIRY INC.

6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Business performance
6.7.5. Key strategic moves and developments

6.8. TURKEY HILL

6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Business performance
6.8.5. Key strategic moves and developments

6.9. MIHAN DAIRY INC.

6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Business performance
6.9.5. Key strategic moves and developments

6.10. MEIJI HOLDINGS CO. LTD.

6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. Business performance
6.10.5. Key strategic moves and developments

List of Tables

TABLE 1. GLOBAL ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 2. GLOBAL ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 3. GLOBAL ICE CREAM MARKET VALUE FOR IMPULSE SALES TYPE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. GLOBAL ICE CREAM MARKET VOLUME FOR IMPULSE SALES TYPE, BY GEOGRAPHY, 2016-2023 (MILLION LITRES)
TABLE 5. GLOBAL ICE CREAM MARKET VALUE FOR TAKE-HOME SALES TYPE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 6. GLOBAL ICE CREAM MARKET VOLUME FOR TAKE-HOME SALES TYPE, BY GEOGRAPHY, 2016-2023 (MILLION LITRES)
TABLE 7. GLOBAL ICE CREAM MARKET VALUE FOR ARTISANAL SALES TYPE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. GLOBAL ICE CREAM MARKET VOLUME FOR ARTISANAL SALES TYPE, BY GEOGRAPHY, 2016-2023 (MILLION LITRES)
TABLE 9. NORTH AMERICA ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 11. NORTH AMERICA ICE CREAM MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA ICE CREAM MARKET VOLUME, BY COUNTRY, 2016-2023 (MILLION LITRES)
TABLE 13. U.S. ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 14. U.S. ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 15. CANADA ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 16. CANADA ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 17. MEXICO ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 18. MEXICO ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 19. EUROPE ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 20. EUROPE ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 21. EUROPE ICE CREAM MARKET VOLUME, BY COUNTRY, 2016-2023 (MILLION LITRES)
TABLE 22. EUROPE ICE CREAM MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 23. FINLAND ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 24. FINLAND ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 25. SWEDEN ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 26. SWEDEN ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 27. IRELAND ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 28. IRELAND ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 29. DENMARK ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 30. DENMARK ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 31. ITALY ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 32. ITALY ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 33. UK ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 34. UK ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 35. REST OF EUROPE ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 36. REST OF EUROPE ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 37. ASIA-PACIFIC ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 38. ASIA-PACIFIC ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 39. ASIA-PACIFIC ICE CREAM MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 40. ASIA-PACIFIC ICE CREAM MARKET VOLUME, BY COUNTRY, 2016-2023 (MILLION LITRES)
TABLE 41. NEW ZEALAND ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 42. NEW ZEALAND ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 43. AUSTRALIA ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 44. AUSTRALIA ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 45. REST OF ASIA-PACIFIC ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 46. REST OF ASIA-PACIFIC ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 47. LAMEA ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 48. LAMEA ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 49. LAMEA ICE CREAM MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 50. LAMEA ICE CREAM MARKET VOLUME, BY COUNTRY, 2016-2023 (MILLION LITRES)
TABLE 51. BRAZIL ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 52. BRAZIL ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 53. ARGENTINA ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 54. ARGENTINA ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 55. SOUTH AFRICA ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 56. SOUTH AFRICA ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 57. UAE ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 58. UAE ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 59. REST OF LAMEA ICE CREAM MARKET VALUE, BY SALES TYPE, 2016-2023 ($MILLION)
TABLE 60. REST OF LAMEA ICE CREAM MARKET VOLUME, BY SALES TYPE, 2016-2023 (MILLION LITRES)
TABLE 61. UNILEVER GROUP: COMPANY SNAPSHOT
TABLE 62. UNILEVER GROUP: OPERATING SEGMENTS
TABLE 63. NESTLE S.A.: COMPANY SNAPSHOT
TABLE 64. NESTLE S.A.: OPERATING SEGMENTS
TABLE 65. GENERAL MILLS, INC..: COMPANY SNAPSHOT
TABLE 66. GENERAL MILLS, INC.: OPERATING SEGMENTS
TABLE 67. MARS: COMPANY SNAPSHOT
TABLE 68. MARS: OPERATING SEGMENTS
TABLE 69. BLUE BELL CREAMERIES: COMPANY SNAPSHOT
TABLE 70. BLUE BELL CREAMERIES: OPERATING SEGMENTS
TABLE 71. LOTTE CONFECTIONERY: COMPANY SNAPSHOT
TABLE 72. LOTTE CONFECTIONERY: OPERATING SEGMENTS
TABLE 73. WELLS DAIR, INC.: COMPANY SNAPSHOT
TABLE 74. WELLS DAIR, INC.: OPERATING SEGMENTS
TABLE 75. TURKEY HILL: COMPANY SNAPSHOT
TABLE 76. TURKEY HILL: OPERATING SEGMENTS
TABLE 77. MIHAN DAIRY, INC.: COMPANY SNAPSHOT
TABLE 78. MIHAN DAIRY, INC.: OPERATING SEGMENTS
TABLE 79. MEIJI HOLDINGS CO.LTD.: COMPANY SNAPSHOT
TABLE 80. MEIJI HOLDINGS CO.LTD.: OPERATING SEGMENTS

List of Figures

FIGURE 1. GLOBAL ICE CREAM MARKET: SEGMENTATION
FIGURE 2. TOP INVESTMENT POCKETS, BY SALES TYPE
FIGURE 3. TOP WINNING STRATEGIES
FIGURE 4. BARGAINING POWER OF SUPPLIERS
FIGURE 5. BARGAINING POWER OF BUYERS
FIGURE 6. THREAT OF NEW ENTRANTS
FIGURE 7. THREAT OF SUBSTITUTES
FIGURE 8. COMPETITIVE RIVALRY
FIGURE 9. U.S. ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 10. CANADA ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 11. MEXICO ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 12. FINLAND ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 13. SWEDEN ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 14. IRELAND ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 15. ITALY ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 16. UK ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 17. REST OF EUROPE ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 18. NEW ZEALAND ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 19. AUSTRALIA ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 20. REST OF ASIA-PACIFIC ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 21. BRAZIL ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 22. ARGENTINA ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 23. SOUTH AFRICA ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 24. UAE ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 25. REST OF LAMEA ICE CREAM MARKET VALUE, 2015-2023 ($MILLION)

 
 

Ice creams are made up of dairy items such as milk and cream combined with dry fruits, flavors, and other ingredients. Chocolate, vanilla, and others are the traditional flavors of ice cream. However, companies are launching new flavors such as tropical fruits, lemons, and coconuts to cater to changing taste of consumers. Rise in disposable income majorly drives the growth of the global ice cream market, especially in the developing economies. In addition, increase in number of convenience stores and increased preference for different flavors fuel the market growth.

The market for ice creams is developing in the emerging economies such as India, Indonesia, Thailand, Malaysia, Brazil, Argentina, and Philippines. An increase of approximately 1% in the per capita consumption of ice cream has been overserved in these countries. New Zealand is estimated to be the largest consumer of ice creams, followed by the U.S. and Australia.

The impulse segment accounted for the largest share in 2016, owing to spontaneous craving of the consumer to indulge in ice cream and upsurge in demand for snacking options.

 

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