Ice Cream Production in Canada - Industry Market Research Report
Description
Ice Cream Production in Canada
Canadian ice cream producers create various frozen products, including hard and soft ice cream, frozen yogourt, frozen ices and sherbet. Revenue has fluctuated over the past two decades amid a strong decline in domestic consumption of hard ice cream. Weak production activity and lower disposable income caused ice cream revenue to drop drastically during the pandemic. However, higher consumer spending and improving economic conditions led to favourable production and consumption trends, enabling the industry to expand. Similarly, demand for premium, more expensive ice cream rose, as have healthier alternatives, promoting industry growth. However, recent gains have been unable to offset pandemic-related losses. As a result, industry revenue has been declining at a CAGR of 2.6% over the past five years and is expected to reach $980.2 million in 2023. This includes a drop of 0.2% in 2023 alone.
This industry comprises enterprises that primarily manufacture ice cream, frozen yogourt, frozen ices, frozen tofu, sherbet and other frozen desserts, except frozen bakery foods, which are covered in IBISWorld report 31181CA. The majority of raw inputs comes from the Dairy Farms industry in Canada (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.
Canadian ice cream producers create various frozen products, including hard and soft ice cream, frozen yogourt, frozen ices and sherbet. Revenue has fluctuated over the past two decades amid a strong decline in domestic consumption of hard ice cream. Weak production activity and lower disposable income caused ice cream revenue to drop drastically during the pandemic. However, higher consumer spending and improving economic conditions led to favourable production and consumption trends, enabling the industry to expand. Similarly, demand for premium, more expensive ice cream rose, as have healthier alternatives, promoting industry growth. However, recent gains have been unable to offset pandemic-related losses. As a result, industry revenue has been declining at a CAGR of 2.6% over the past five years and is expected to reach $980.2 million in 2023. This includes a drop of 0.2% in 2023 alone.
This industry comprises enterprises that primarily manufacture ice cream, frozen yogourt, frozen ices, frozen tofu, sherbet and other frozen desserts, except frozen bakery foods, which are covered in IBISWorld report 31181CA. The majority of raw inputs comes from the Dairy Farms industry in Canada (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.
Table of Contents
44 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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