Ice Cream Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Bars, Buckets and Tubs, Cups, Others); Category (Sugar Free, Conventional); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others) and Geography
Report Code: TIPRE00006113 No. of Pages: 150 Category: Food and Beverages Status: Upcoming
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MARKET OVERVIEW
Ice cream is a sweetened frozen treat that is commonly consumed as a dessert or snack. It's made with dairy milk or cream and flavored with sugar or an alternative sweetener, as well as any spice like cocoa or vanilla. Ice cream may be eaten with a spoon, served in bowls, or licked from edible cones. Ice cream may be combined with other desserts, such as apple pie, or used to make floats, sundaes, milkshakes, and ice cream cakes etc.
MARKET SCOPE
The "Global Ice Cream Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ice cream market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading ice cream market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers
Restraints
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ice cream market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ice cream market in these regions.
IMPACT OF COVID-19 ON ICE CREAM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the ice cream market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ice cream market are anticipated to lucrative growth opportunities in the future with the rising demand for ice cream in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ice cream market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Ice cream is a sweetened frozen treat that is commonly consumed as a dessert or snack. It's made with dairy milk or cream and flavored with sugar or an alternative sweetener, as well as any spice like cocoa or vanilla. Ice cream may be eaten with a spoon, served in bowls, or licked from edible cones. Ice cream may be combined with other desserts, such as apple pie, or used to make floats, sundaes, milkshakes, and ice cream cakes etc.
MARKET SCOPE
The "Global Ice Cream Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ice cream market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading ice cream market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global ice cream market is segmented into bars, bucket & tubs, cups, others.
- On the basis of category, the market is segmented into sugar free and conventional.
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS
Drivers
- Manufacturers are expanding their product range by incorporating functional ingredients, organic herbal fillings, and exotic flavours in product formulations to meet evolving customer demands. By changing customer tastes, companies add other exotic flavours such as tropical fruits, lemons, and coconuts. In this way, ice cream market innovation drives the global market's growth and development.
- Hypermarkets, supermarkets, convenience stores, discounters, and grocery stores are examples of retail outlets that serve as global marketing tools to help create an impressive quality reputation and raise brand awareness for a wide range of ice cream items. The expansion of these distribution outlets is helping to boost the size of the ice cream industry.
- Due to a broad customer base and favorable climatic conditions for ice cream consumption, Asia Pacific countries such as India and China have seen increased demand for the product, propelling the ice cream market forward.
Restraints
- The demand for the product is typically at its peak during the summer, but it declines during the winter and monsoon months due to changing climatic conditions and health concerns that hammer the ice cream market's growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ice cream market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ice cream market in these regions.
IMPACT OF COVID-19 ON ICE CREAM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the ice cream market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ice cream market are anticipated to lucrative growth opportunities in the future with the rising demand for ice cream in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ice cream market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Blue Bell Creameries
- Nestlé
- Unilever
- General Mills, Inc.
- Mars, Inc.
- Amul
- Lotte Confectionery Co., Ltd
- Amy's Ice Cream
- Wells Dairy Inc.,
- Turkey Hill,
- Mihan Dairy Inc.,
- Meiji Holdings Co. Ltd.
- Halo Top Creamery
- Froneri Ice Cream
- Blue Bell Creameries
- HP Hood LLC
- Wells Enterprises Company
- Dean Foods
- Alamance Foods, Inc.
- Bubbies Homemade Ice Cream & Desserts
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.