UAE Ice Cream Market to Grow at a CAGR of 3.2% to reach US$ 157.46 Million from 2020 to 2028

UAE Ice Cream Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Type (Impulse Ice Cream, Take-Home Ice Cream, and Artisanal Ice Cream) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, and Others)

Publication Month : Aug 2021

  • Report Code : TIPRE00007530
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 42
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The UAE ice cream market is projected to reach US$ 157.46 million by 2028 from US$ 126.21 million in 2021; it is expected to grow at a CAGR of 3.2% from 2021 to 2028.

Ice cream, a sweet frozen delicacy, is usually prepared from cream or milk and sweetened with sugar, corn syrup, or artificial sweetening agents. It is added with flavoring agents such as vanilla and cocoa to impart characteristic flavors. Ice creams became more common after the development of cold warehouses, and HVAC and refrigeration systems. The burgeoning popularity of ice cream has led to the introduction of a number of variations, including frozen yogurt, frozen custard, and non-dairy versions made with ingredients such as coconut milk. Ice creams with less than 10% milk fat content are classified as ice milk and widely known as low fat ice cream. Ice creams with high milk fat content have a smoother texture and rich appearance as they contain low water content and fewer ice crystals.

The UAE has traditionally been an oil-based economy, but in the recent years, it has started to promote itself as a major tourist hub in the gulf region. With the rise in tourist footfall, the tourism industry in the country is witnessing a boom. Cities such as Dubai have become a major shopping destination owing to the development of large number of shopping malls, supermarkets, and hypermarkets. The flourishing restaurant business in UAE has generated a significant demand for desserts such as ice creams. To cater to the local tastes, international ice cream manufacturers are localizing their products according to the consumer preferences. The UAE enjoys hot sunny days during most part of the year. The hot climate and sweltering afternoons in the UAE create perfect conditions for the consumption of frozen desserts and ice creams.

The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel restrictions, and business shutdowns. The UAE also implemented a country-wide lockdown that resulted in the shutdown of restaurants, malls, retail outlets, and manufacturing plants, which adversely affected the food & beverage industry, including the ice cream production. Moreover, there has been an increase in panic buying and confusion among the consumers amid the pandemic, which disrupted the standard demand estimations of food and beverage products in the UAE. The demand for long-shelf-life products gained ~20–25% while categories such as ice cream and confectionaries experienced a decline of 30–35%. The economy is recovering with the relaxations in lockdown, and reopening of supermarkets, malls, and other retail outlets. Moreover, various ice cream manufacturing companies are also resuming operations in the UAE.

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UAE Ice Cream Market: Strategic Insights

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Market Insights

Long Summers and Hot Climate Conditions Favor Ice Cream Market Growth in UAE

Ice-cream remains the favorite frozen dessert in the UAE as it has a subtropical arid climate with long hot summers and briefly warm winters, and thus, it is consumed throughout the year by expatriates, tourists, and locals. The consumption is further likely to increase with the entry of multinational ice-cream manufacturers such as Mars GCC and Unilever Middle East. A large number of ice-cream manufacturers have been instrumental in introducing new ice-cream varieties and flavors. Moreover, the growth of the tourism sector and restaurant businesses is also expected to support the growth of the ice-cream market in the country.

Type Insights

The UAE ice cream market, by type, is further segmented into impulse ice cream, take-home ice cream, and artisanal ice cream. In 2020, the impulse ice cream segment accounted for the largest market share, and it is anticipated to account for ~45.0% of the market by 2028. Impulse ice creams such as ice cream cones, ice lollies, ice cream sandwiches, and ice cream tubs are popular among children.

The key players operating in the UAE ice cream market include Desert Chill; Dunkin' Brands Group, Inc.; General Mills Inc.; IFFCO Group; Maras Turka; MARS Incorporated; MINI Melts Inc.; Nestlé S.A.; Pure Ice Cream Co. LLC.; and Unilever. Major players in the market are focusing on strategies such as mergers and acquisitions, and product launches to expand the geographic presence and consumer base.  

Report Spotlights

  • Progressive trends in the ice cream industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the UAE ice cream market from 2019 to 2028
  • Estimation of the demand for ice cream among end users
  • Porter analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for ice cream  
  • Market trends and outlook coupled with factors driving and restraining the growth of the ice cream market
  • Understanding regarding the strategies that underpin commercial interest in the UAE ice cream market growth, aiding in the decision-making process
  • Ice Cream market size at various nodes of market
  • Detailed overview and segmentation of the UAE ice cream market as well as its industry dynamics
  • Ice cream market size in the country with promising growth opportunities

Ice Cream Market, by Type

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

Ice Cream Market, by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Others

Company Profiles

  • Desert Chill
  • Dunkin' Brands Group, Inc.
  • General Mills Inc.
  • IFFCO Group
  • Maras Turka
  • MARS Incorporated
  • MINI Melts Inc.
  • Nestlé S.A.
  • Pure Ice Cream Co. LLC.
  • Unilever
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

The List of Companies - UAE Ice Cream Market

  1. Desert Chill Ice Cream LLC
  2. Dunkin' Brands, Inc.
  3. General Mills, Inc.
  4. IFFCO
  5. Maras Turka
  6. MARS Incorporated
  7. MINI Melts Inc.
  8. Nestlé S.A.
  9. Graviss Group (Pure Ice Cream Co. LLC)
  10. Unilever

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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