Global Ice Cream Market 2017-2021
About Ice Cream
Ice creams are sweetened frozen food made from dairy products, combined with fruits, flavors, and other ingredients. Ice creams are sweetened with sugar or sugar substitutes. Flavorings and colors are used as stabilizers. Ice cream is often consumed as a dessert or snack. Sugar or sugar substitutes are used to sweeten ice creams. In addition to sweeteners, ice cream contains emulsifiers, stabilizers, and flavoring materials. Three types of ice cream products are available: take-home ice creams, impulse ice creams, and artisanal ice creams. Manufacturers offer the products in various sizes and forms including cones, sticks, cups, and bars.
Technavio’s analysts forecast the global ice cream market to grow at a CAGR of 4.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ice cream market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of different types of ice creams categorized into three types: take-home ice creams, impulse ice creams, and artisanal ice creams available in various forms such as tubs, cones, discs, sticks, and bars.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ice Cream Market 2017-2021
Technavio recognizes the following companies as the key players in the global ice cream market: Blue Bell Creameries, Mars, Nestlé, and Unilever.
Other Prominent Vendors in the market are: Gujarat Cooperative Milk Marketing Federation (GCMMF), Amy's Ice Creams, Bliss Unlimited, China Mengniu Dairy, Dean Foods, FrieslandCampina, Geláre, General Mills, LALA, Lotte Confectionery, Oregon Ice Cream, Pierre's Ice Cream Company, Richs Ice Cream, Three Twins Ice Cream, Tillamook, Vadilal House Vadilal Enterprises, and Yili Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is demand for lactose-free ice creams. Milk or milk products contain lactose, and it is a disaccharide sugar composed of galactose and glucose that is found in milk. It is also present in processed foods as manufacturers add milk derivatives to various products. Lactose has positive and negative effects on the human body. It results in health problems such as flatulence, nausea, and malnutrition. It has been observed that consumers have become more health conscious, and they look for healthy products.”
According to the report, one of the major drivers for this market is rise in demand for premium ice creams. Premiumization is a trend in the global ice cream market, and it has the potential to drive the market in the coming future. Premium ice creams have become the most popular product among consumers due to the high quality. It has a lower amount of aeration compared to regular ice creams. The fat content in premium ice creams is also higher than regular ice creams.
Further, the report states that one of the major factors hindering the growth of this market is increased competition from frozen yogurt brands. Owing to the demand for healthy variants, manufacturers have started focusing on producing products that are less harmful and adding more healthy ingredients. Frozen yogurt is marketed as a healthy alternative to ice creams. It does not contain cream, which has a high fat and calorie content. There is high demand for frozen yogurt due to its health benefits. It contains proteins and probiotics. Probiotics are beneficial bacteria, which help in digestion.
Blue Bell Creameries, Mars, Nestlé, Unilever, Gujarat Cooperative Milk Marketing Federation (GCMMF), Amy's Ice Creams, Bliss Unlimited, China Mengniu Dairy, Dean Foods, FrieslandCampina, Geláre, General Mills, LALA, Lotte Confectionery, Oregon Ice Cream, Pierre's Ice Cream Company, Richs Ice Cream, Three Twins Ice Cream, Tillamook, Vadilal House Vadilal Enterprises, and Yili Group.