The ice cream market in the US comprises the take-home, impulse, and artisanal ice cream segments. The take-home ice cream segment led the market in 2015 with a 63.75% share. Increases in disposable income and impulse purchases, the introduction of new flavors, and consumption of ice-cream as a snack drive the consumption of ice cream products.
Technavio’s analysts forecast the Ice Cream Market in the US to grow at a CAGR of 2.09% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Ice Cream Market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of ice cream through retail stores such as supermarkets and hypermarkets, specialist retailers, convenience stores, service stations, and others (cash-and-carry retailers, vending machines, discounters).Technavio's report, Ice Cream Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Technavio Announces the Publication of its Research Report – Global Ice Cream Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Ice Cream Market: Blue Bell Creameries, General Mills, Mars, Nestlé, Lotte Confectionary, and Unilever.
Other Prominent Vendors in the market are: Amul, Amy's Ice Creams, Bliss Unlimited, China Mengniu Dairy, Dean Foods, FrieslandCampina, Grupo Lala, Marina Ice Cream, Mikawaya, Oregon Ice Cream, Rich Ice Cream, So Delicious Dairy Free, Spoldzielnia Mleczarska Mlekovita, Three Twins Ice Cream, Tillamook, Vadilal, Weight Watchers International, and Yili Group.
Commenting on the report, an analyst from Technavio’s team said: “People with lactose intolerance are unable to digest lactose, a natural sugar present in milk. They usually experience problems such as bloating, diarrhea, and gas. Ice-cream manufacturers have formulated lactose-free ice cream products to cater to this niche market of lactose-intolerant consumers.”
According to the report, one of the key drivers of the growth of the global ice cream market is the launch of new and innovative products. Vendors are coming up with new products to remain competitive and also to attract and retain consumers.
Further, the report states that the number of obese and overweight people is on the rise globally. Governments are spending large amounts of money on medical expenses related to obesity.
Blue Bell Creameries, General Mills, Mars, Nestlé, Lotte Confectionary, Unilever, Amul, Amy's Ice Creams, Bliss Unlimited, China Mengniu Dairy, Dean Foods, FrieslandCampina, Grupo Lala, Marina Ice Cream, Mikawaya, Oregon Ice Cream, Rich Ice Cream, So Delicious Dairy Free, Spoldzielnia Mleczarska Mlekovita, Three Twins Ice Cream, Tillamook, Vadilal, Weight Watchers International, Yili Group.