Ice Cream Production in the US - Industry Market Research Report
Description
Ice Cream Production in the US
Ice cream producers make ice cream, frozen yogurt, sherbet, frozen tofu and other desserts. These producers are competing with consumers' tastes, shifting to healthier options. To remain relevant, ice cream producers have introduced new brands or reformulated existing lines with healthier or higher-quality ingredients and have launched new products that appeal to a wider range of health-conscious consumers. In line with successful product innovation and efforts to appeal to consumers, the industry has been able to keep up with shifting consumer preferences. Consequently, industry revenue will inch up at a CAGR of 0.9% to $10.6 billion through the end of 2023, including a mere 0.1% expansion in 2023 alone. Industry profit, however, dropped during the same timeframe due to strengthened purchase costs. COVID-19 positively impacted ice cream production in 2020, despite poor economic conditions.
Ice cream producers make ice cream, frozen yogurt, sherbet, frozen tofu and other frozen desserts, except frozen bakery foods, which are included in the Bread Production industry (IBISWorld report 31181). Most raw inputs are sourced from the Dairy Farms industry (11212).
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.
Ice cream producers make ice cream, frozen yogurt, sherbet, frozen tofu and other desserts. These producers are competing with consumers' tastes, shifting to healthier options. To remain relevant, ice cream producers have introduced new brands or reformulated existing lines with healthier or higher-quality ingredients and have launched new products that appeal to a wider range of health-conscious consumers. In line with successful product innovation and efforts to appeal to consumers, the industry has been able to keep up with shifting consumer preferences. Consequently, industry revenue will inch up at a CAGR of 0.9% to $10.6 billion through the end of 2023, including a mere 0.1% expansion in 2023 alone. Industry profit, however, dropped during the same timeframe due to strengthened purchase costs. COVID-19 positively impacted ice cream production in 2020, despite poor economic conditions.
Ice cream producers make ice cream, frozen yogurt, sherbet, frozen tofu and other frozen desserts, except frozen bakery foods, which are included in the Bread Production industry (IBISWorld report 31181). Most raw inputs are sourced from the Dairy Farms industry (11212).
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
51 Pages
- 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
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Pricing
Currency Rates
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