
Asia Pacific Ice Cream Market Size, Share & Trends Analysis Report By Source (Dairy & Water-based, Vegan), By Flavor, By Packaging, By Distribution Channel, By Country, And Segment Forecasts, 2024 - 2030
Description
Asia Pacific Ice Cream Market Size, Share & Trends Analysis Report By Source (Dairy & Water-based, Vegan), By Flavor, By Packaging, By Distribution Channel, By Country, And Segment Forecasts, 2024 - 2030
Asia Pacific Ice Cream Market Growth & Trends
The Asia Pacific ice cream market size is anticipated to reach USD 58.79 billion by 2030 and is projected to grow at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The Asia-Pacific market is witnessing expansion attributed to consumers' increased disposable incomes and their inclination towards premium ice cream products. This growth is driven by a rising preference for food items such as ice cream and frozen desserts, with a significant portion of disposable income directed towards food purchases.
The surge in ice cream production is bolstered by the growing dairy sector in the Asia-Pacific region. A notable trend is the preference among health-conscious consumers for ice creams offering functional and health benefits, leading to a heightened demand for top-notch products featuring ingredients like mung bean and other nutritious components.
Increasing product prices, driven by inflation and the emphasis on creating viral content online, are expected to impact ice cream market sales negatively. This effect is especially evident in China, a major global ice cream market. Consequently, newly launched ice cream brands like Chicecream have gained substantial market share in China's premium ice cream segment, partly due to the elevated pricing of established brands like Häagen-Dazs.
Major players in the Asia-Pacific market, such as Nestle SA, General Mills Inc., Appolo Ice Cream Co Ltd, Unilever PLC, Yili Group, CAMPINA ICE CREAM INDUSTRY Tbk., Diamond Food Indonesia, and Dairy Bell Ice Cream, are implementing various strategies to stay competitive and maintain their market positions. These companies are focusing on continuous product innovation to meet changing consumer preferences and market trends. This includes introducing new flavors, formulations, packaging designs, and healthier options to cater to diverse consumer segments.
In March 2023, Healthy ice cream brand NOTO introduced three new Indian-flavored gelatos that are denser, richer, and creamier, containing half the fat and sugar. Each of these flavors has a significant historical connection with the Indian palate, resonating deeply with consumers.
Asia Pacific Ice Cream Market Report Highlights
- Based on source, the dairy & water-based segment led the market with the largest revenue share of 94.5% in 2023. Dairy-based ice creams have been enduring favorites throughout Asia Pacific nations, valued for their creamy texture, flavorful richness, and luxurious appeal that resonate with a diverse consumer base. This segment of dairy-based ice creams is also experiencing a trend towards premiumization, characterized by the rising popularity of gourmet flavors, artisanal craftsmanship, and the use of high-quality
- Based on flavor, the fruit segment is projected to grow at the fastest CAGR of 5.5% from 2024 to 2030. In the Asia Pacific, consumers are placing a growing emphasis on health and wellness. Fruit-flavored ice cream is seen as a more health-conscious option compared to conventional flavors such as chocolate or caramel, particularly when crafted with genuine fruit purees or extracts. This type of ice cream provides natural sweetness and lively flavors, free from excessive added sugars or artificial components
- Based on packaging, the bars segment led the market with the largest revenue share of 32.8% in 2023. Bars packaging provides convenience and portability, making it a perfect option for consumption on the move. Ice cream bars allow consumers to enjoy their treats without requiring bowls or utensils, making them suitable for outdoor excursions, travel, and spontaneous indulgences. These bars are available in a wide range of flavors and styles, catering to a variety of consumer tastes
- Based on distribution channel, the supermarkets & hypermarkets segment led the market with the largest revenue share of 32.2% in 2023. Brands have expanded their product ranges in supermarkets and hypermarkets by introducing a diverse selection of items, including sundaes, fudge, bars, popsicles, and fusion products that blend two or more flavors
Table of Contents
80 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Source Outlook
- 2.3. Flavor Outlook
- 2.4. Packaging Outlook
- 2.5. Distribution Channel Outlook
- 2.6. Competitive Landscape Outlook
- Chapter 3. Asia Pacific Ice Cream Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunities
- 3.4.4. Market Challenges
- 3.5. Industry Analysis - Porter’s Five Forces Analysis
- 3.6. Market Entry Strategies
- Chapter 4. Asia Pacific Ice Cream Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Behavior
- 4.4. Consumer Service Adoption Trends
- 4.5. Key Observations & Findings
- Chapter 5. Asia Pacific Ice Cream Market: Source Estimates & Trend Analysis
- 5.1. Asia Pacific Ice Cream Market, by Source: Key Takeaways
- 5.2. Source Movement Analysis & Market Share, 2023 & 2030
- 5.3. Dairy & Water-based
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 5.4. Vegan
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- Chapter 6. Asia Pacific Ice Cream Market: Flavor Estimates & Trend Analysis
- 6.1. Asia Pacific Ice Cream Market, by Flavor: Key Takeaways
- 6.2. Flavor Movement Analysis & Market Share, 2023 & 2030
- 6.3. Vanilla
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 6.4. Chocolate
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 6.5. Fruit
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 6.6. Cookie & Cream
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 6.7. Nut
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 6.8. Others
- 6.8.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- Chapter 7. Asia Pacific Ice Cream Market: Packaging Estimates & Trend Analysis
- 7.1. Asia Pacific Ice Cream Market, by Packaging: Key Takeaways
- 7.2. Packaging Movement Analysis & Market Share, 2023 & 2030
- 7.3. Cartons
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 7.4. Tubs
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 7.5. Cups
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 7.6. Cones
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 7.7. Bars
- 7.7.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- Chapter 8. Asia Pacific Ice Cream Market: Distribution Channel Estimates & Trend Analysis
- 8.1. Asia Pacific Ice Cream Market, by Distribution Channel: Key Takeaways
- 8.2. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 8.3. Hypermarkets & Supermarkets
- 8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 8.4. Convenience Stores
- 8.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 8.5. Ice Cream Parlor
- 8.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 8.6. Online
- 8.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 8.7. Others
- 8.7.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- Chapter 9. Asia Pacific Ice Cream Market: Regional Estimates & Trend Analysis
- 9.1. Asia Pacific Ice Cream Market: Regional Outlook
- 9.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 9.3. Hong Kong
- 9.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 9.4. Taiwan
- 9.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 9.5. South Korea
- 9.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 9.6. Thailand
- 9.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 9.7. Singapore
- 9.7.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 9.8. Indonesia
- 9.8.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 9.9. Australia
- 9.9.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 9.10. New Zealand
- 9.10.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- 9.11. Japan
- 9.11.1. Market estimates and forecast, 2018 - 2030 (USD Million, Million Litres)
- Chapter 10. Competitive Analysis
- 10.1. Recent Developments & Impact Analysis, by Key Market Participants
- 10.2. Company Categorization
- 10.3. Participant’s Overview
- 10.4. Financial Performance
- 10.5. Product Benchmarking
- 10.6. Company Market Share Analysis, 2023 (%)
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.9. Company Profiles
- 10.9.1. Nestle SA
- 10.9.1.1. Company Overview
- 10.9.1.2. Financial Performance
- 10.9.1.3. Product Portfolios
- 10.9.1.4. Strategic Initiatives
- 10.9.2. General Mills Inc.
- 10.9.2.1. Company Overview
- 10.9.2.2. Financial Performance
- 10.9.2.3. Product Portfolios
- 10.9.2.4. Strategic Initiatives
- 10.9.3. Appolo Ice Cream Co Ltd
- 10.9.3.1. Company Overview
- 10.9.3.2. Financial Performance
- 10.9.3.3. Product Portfolios
- 10.9.3.4. Strategic Initiatives
- 10.9.4. Unilever PLC
- 10.9.4.1. Company Overview
- 10.9.4.2. Financial Performance
- 10.9.4.3. Product Portfolios
- 10.9.4.4. Strategic Initiatives
- 10.9.5. Yili Group
- 10.9.5.1. Company Overview
- 10.9.5.2. Financial Performance
- 10.9.5.3. Product Portfolios
- 10.9.5.4. Strategic Initiatives
- 10.9.6. CAMPINA ICE CREAM INDUSTRY Tbk.
- 10.9.6.1. Company Overview
- 10.9.6.2. Financial Performance
- 10.9.6.3. Product Portfolios
- 10.9.6.4. Strategic Initiatives
- 10.9.7. Diamond Food Indonesia
- 10.9.7.1. Company Overview
- 10.9.7.2. Financial Performance
- 10.9.7.3. Product Portfolios
- 10.9.7.4. Strategic Initiatives
- 10.9.8. Dairy Bell Ice Cream
- 10.9.8.1. Company Overview
- 10.9.8.2. Financial Performance
- 10.9.8.3. Product Portfolios
- 10.9.8.4. Strategic Initiatives
- 10.9.9. PT. United Family Food
- 10.9.9.1. Company Overview
- 10.9.9.2. Financial Performance
- 10.9.9.3. Product Portfolios
- 10.9.9.4. Strategic Initiatives
- 10.9.10. Froneri International Limited
- 10.9.10.1. Company Overview
- 10.9.10.2. Financial Performance
- 10.9.10.3. Product Portfolios
- 10.9.10.4. Strategic Initiatives
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