Top Companies (Unilever, Nestle, Inner Mongolia Yili Industrial Group, General Mills) and Forecast – Business Merseyside
According to the latest report from the IMARC group, entitled “Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the The global ice cream market reached a value of US$68.0 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$89.8 billion by 2027, exhibiting a CAGR of 4.92% over the period 2022-2027. Ice cream is a milk-based frozen dessert that is a rich source of calcium, folate, thiamin, niacin, phosphorus, riboflavin, and vitamins A, C, D, E, K, B-6 and B-12. It usually involves the use of cream, sugar, sweeteners, food coloring, fat, eggs, fruits, and artificial or natural flavorings in its preparation. Having a smooth and creamy texture, it is widely available in many flavors including vanilla, chocolate, strawberry, butterscotch and chocolate chip and can be stored in the fridge for a long time.
As the novel coronavirus (COVID-19) crisis grips the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values planned after taking into account the impact of this pandemic. These observations will be incorporated into the report.
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Global Ice Cream Market Trends:
The global market is mainly driven by the increasing adoption of convenience foods, including ice cream, by the masses. This is supported by rapid urbanization, inflation of individuals’ disposable income levels and changing food preferences. There has also been an increase in the preference for online food delivery services around the world, which has made it easier to sell desserts and drinks, such as cakes, waffles, milkshakes, sundaes, cold coffee and floats, where ice cream is used as an essential ingredient in the preparation. The market is further boosted by the introduction of many innovative flavors, such as mint chocolate, coffee, cheesecake and tiramisu, which are expected to cater to various taste preferences of customers.
Additionally, several key players have launched healthy low-fat and sugar-free variants in the market. They are also introducing lactose-free ice cream, which is gaining popularity among vegan and lactose-intolerant consumers. At the same time, the demand for ice cream made from natural and organic ingredients has increased significantly, which also creates a positive outlook for the market. Some of the other factors contributing to the growth of the market include significant growth in the dairy industry and growing preference for premium quality ice cream among the masses.
Analysis and segmentation of the global ice cream market 2022-2027:
Competitive landscape with key players:
- Inner Mongolia Yili Industrial Group
- General Mills
Read also the full blog: the best ice cream companies in the world
Market Breakdown by Flavor:
Breakdown of the market by category:
- Bring back home
Market breakdown by product:
- Chopped off
- To stick on
Market breakdown by distribution channel:
- convenience stores
- ice cream parlors
- Online stores
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Breakdown by region:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
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