Canadians' appetite for ice cream has been melting away, as evidenced by weakening consumption and falling revenue. Over the next five years, consumers are projected to up their total spending on health-related costs. Many Canadians will satisfy their sweet tooth by savouring the lower-fat, lower-calorie traditional ice cream varieties; consequently, industry revenue is expected to increase over the five years to 2021.
This industry comprises establishments that primarily manufacture ice cream, frozen yogurt, frozen ices, sherbet, frozen tofu and other frozen desserts (except frozen bakery foods, which are covered in IBISWorld report 31181CA). The majority of raw inputs come from the Dairy Farms industry (IBISWorld report 11212CA).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.