The rising number of cold storage facilities and supermarkets is projected to escalate the GCC ice cream market at a CAGR of 6.7%
Latest market study on “GCC Ice Cream Market to 2027 – Analysis and Forecasts by Type (Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Others),”, GCC ice cream market is accounted to US$ 543.0 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 969.1 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The rapidly expanding cold storage infrastructure has been contributing significantly to the growth of the ice-cream industry worldwide. The cold storage facilities help prevent the spoilage of eatables during storage and transportation. There is a rising number of cold storage facilities around the world, which are ensuring that perishable food such as vegetables, fruits, and dairy products retain their freshness, taste, texture, and nutritional value, without leaving scope for microbial contamination. The advent of mobile refrigeration systems and active refrigerated transport systems has played a crucial role in the storage and transport of ice-cream products. Mobile refrigeration systems are used in transporting perishable food stuff such as ice-cream from the manufacturing site to refrigerated warehouses. The refrigerated warehouses store these products, along with other perishable products, in low-temperature conditions. The perishable foodstuff is then transported to supermarkets, hypermarkets, and convenience stores in refrigerated trucks. Innovations in refrigeration and cryogenics, as well as technological advancements in the design and functionality of cold chain systems, have made the storage and transportation process of ice-cream products more streamlined and efficient. The expansion of cold chain systems is expected to be a major factor in driving the ice-cream market during the forecast period.
The GCC countries such as UAE and Saudi Arabia have become a tourist hotspot in recent years. The rising number of malls, supermarkets, and hypermarkets in cities in the UAE, such as Dubai, Abu Dhabi, Manama, Riyadh, and Doha, has attracted a number of visitors and tourists. GCC region heavily relies on food imports and hence has developed a vast network of cold chains and cold storage facilities. Sprawling cold chains and cold warehouses to store perishable foods such as ice cream has underpinned the growth of the ice cream market.
Under the distribution channel segment, the specialty store segment accounted for the largest share in the GCC ice cream market. Specialist stores are shops that cater to a single retail market. Some instances of specialist stores include ice cream shops, pharmacies, book stores, camera stores, and stationeries. They specialize in sales of just one type of product of the range. Specialist stores have to compete with other types of stores such as grocery stores, department stores, supermarkets, general stores, and variety stores. Specialist stores are usually independent stores with no other branches. They maintain considerable expertise in the type of product that specializes in selling. They sell their products at premium prices while providing higher service quality and expert guidance to shoppers. Since specialty stores are category specialists, they use their buying power to negotiate lower prices, excellent terms and assured timely supply. The growing number of specialist stores selling a wide range of ice cream products is expected to drive the specialist stores market in the forecast period.
The market for GCC ice cream is concentrated with some very well-established players. Some of the key players in the GCC ice cream market include Desert Chill Ice Cream LLC, Dunkin Brands, Inc., General Mills, Inc., Maras Turka, Mini Melts Inc., Nestle S.A., IFFCO, Mars, Incorporated, Graviss Group (Pure Ice Cream Co. LLC), Unilever, Saudi Dairy & Foodstuff Co Ltd, and among others.
GCC Ice Cream Market - By Country Breakdown, 2018
The report segments the GCC Ice Cream Market as follows:
GCC Ice Cream Market – By Type
GCC Ice Cream Market – By Distribution Channel
GCC Ice Cream Market – By Country
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