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Ice Cream Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 148
  • SKU: IRTNTR40258
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The ice cream market share is expected to increase by USD 21.49 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.22%.

This ice cream market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ice cream market segmentations by product (impulse, take home, and artisanal) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The ice cream market report also offers information on several market vendors, including Agropur Dairy Cooperative, Blue Bell Creameries LP, Dairy Farmers of America Inc., Devyani Food Industries Ltd., DUMONT, Dunkin Brands Group Inc., Eclipse Foods, Erhard Patissier Glacier, Froneri International Ltd., Gujarat Cooperative Milk Marketing Federation, Humphry Slocombe Group LLC, Lotte Confectionery Co. Ltd., Mars Incorp., Morinaga and Co. Ltd., Nestle SA, New Forest Ice Cream Ltd., Nightfood, Inc., Oatly Group AB, PureCircle Ltd., Unilever PLC, Wells Enterprises Inc., and Perfect Day Inc among others.

What will the Ice Cream Market Size be During the Forecast Period?

Ice Cream Market Size

Download Report Sample to Unlock the Ice Cream Market Size for the Forecast Period and Other Important Statistics

 

Ice Cream Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The product launches is notably driving the ice cream market growth, although factors such as the increasing prevalence of obesity and related diseases among consumers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ice cream industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ice Cream Market Driver

Product launches is one of the key factors driving the ice cream market growth. The successful launch of new products will help in increasing the revenue flow and market shares of vendors. For instance, in August 2020, Amul launched Haldi Ice Cream, claiming it would boost immunity amid the COVID-19 outbreak. Similarly, in May 2022, McDonald's Corp. launched vegan Kitkat McFlurry to cater to the growing demand for vegan desserts in Germany. Such an increasing number of new product launches by the vendors in the market will help in the growth of the global ice cream market during the forecast period.

Key Ice Cream Market Trend

The rising popularity of vegan ice cream among millennia is one of the key ice cream market trends fueling market growth. The purchasing power of the millennial population base in China is increasing, and they are expected to form a large consumer segment during the forecast period. Moreover, vegan ice cream is becoming popular among millennials in the US as well. The country's millennial population, with an annual spending power of about $200 billion, forms an attractive consumer segment for the players in the global ice cream market. Thus, the players in the market are also coming up with new and innovative flavors of vegan ice cream to cater to the rising demand from the millennial population base.

Key Ice Cream Market Challenge

The increasing prevalence of obesity and related diseases among consumers is one of the key factors challenging the ice cream market growth. Typically, obesity leads to various health issues and diseases in people, including high blood pressure, diabetes, joint problems, and others. An adult who has a body mass index between 25 and 29.9 is considered overweight, while an adult who has a body mass index of more than 30 is considered obese. More than one-third of the global population suffers from obesity and related issues. Furthermore, it was estimated that more than 4% of primary-school-age children were severely obese in Greece, Italy, Spain, and San Marino in 2019. Thus, the increase in the number of obese people globally is forcing consumers to cut down on the intake of processed food products, including ice cream, which can have a negative impact on the growth of the market in focus during the forecast period.

This ice cream market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ice cream market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ice cream market during the forecast period.

Who are the Major Ice Cream Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Agropur Dairy Cooperative
  • Blue Bell Creameries LP
  • Dairy Farmers of America Inc.
  • Devyani Food Industries Ltd.
  • DUMONT
  • Dunkin Brands Group Inc.
  • Eclipse Foods
  • Erhard Patissier Glacier
  • Froneri International Ltd.
  • Gujarat Cooperative Milk Marketing Federation
  • Humphry Slocombe Group LLC
  • Lotte Confectionery Co. Ltd.
  • Mars Incorp.
  • Morinaga and Co. Ltd.
  • Nestle SA
  • New Forest Ice Cream Ltd.
  • Nightfood, Inc.
  • Oatly Group AB
  • PureCircle Ltd.
  • Unilever PLC
  • Wells Enterprises Inc.
  • Perfect Day Inc

 

This statistical study of the ice cream market encompasses successful business strategies deployed by the key vendors. The ice cream market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • bel.mars.com - Under the unified segment, the company offers chocolate, chewing gum, mints, and fruity confections.
  • bel.mars.com - The company offers ice cream that includes SNICKERS Ice creamBar, SNICKERS Ice creamPint and SNICKERS 6oz Cups.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ice cream market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ice Cream Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ice cream market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Ice Cream Market?

Ice Cream Market Share by Geography

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50% of the market’s growth will originate from APAC during the forecast period. China and Australia are the key markets for the ice cream market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Increasing disposable income and the growing number of vegan consumers will facilitate the ice cream market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a mixed impact on the regional market. However, in 2021, the initiation of vaccination drives by the governments of APAC countries led to the lifting of lockdown restrictions and the resumption of activities in offline retail channels, such as supermarkets and hypermarkets. This increased the demand for ice cream from offline retail channels. Thus, such factors are expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Product Segments in the Ice Cream Market?

Ice Cream Market Share

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The ice cream market share growth by the impulse segment will be significant during the forecast period. Consumers' impulse purchases of ice cream are meant for immediate consumption. These include various ice cream products, such as ice cream bars, ice cream sandwiches, ice lollies, ice cream cones, ice cream cups, and ice cream sticks. Meanwhile, the need for indulgence and the growing demand for small portion snacks are some of the reasons for consumers opting to buy ice cream on impulse during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the ice cream market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Sugar-free Ice Cream market - The market share is expected to increase to USD 1.58 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.48%.

Gourmet Ice Cream market - The market size has the potential to grow by USD 2.50 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

Vegan Ice Cream market - The market share is expected to increase by USD 1.55 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.49%.

US Ice Cream market - The market share will grow at a modest CAGR of around 2% by 2020. 

Ice Cream Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.22%

Market growth 2022-2026

$ 21.49 billion

Market structure

Fragmented

YoY growth (%)

5.33

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key consumer countries

US, China, Australia, Germany, and Belgium

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agropur Dairy Cooperative, Blue Bell Creameries LP, Dairy Farmers of America Inc., Devyani Food Industries Ltd., DUMONT, Dunkin Brands Group Inc., Eclipse Foods, Erhard Patissier Glacier, Froneri International Ltd., Gujarat Cooperative Milk Marketing Federation, Humphry Slocombe Group LLC, Lotte Confectionery Co. Ltd., Mars Incorp., Morinaga and Co. Ltd., Nestle SA, New Forest Ice Cream Ltd., Nightfood, Inc., Oatly Group AB, PureCircle Ltd., Unilever PLC, Wells Enterprises Inc., and Perfect Day Inc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ice Cream Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive ice cream market growth during the next five years
  • Precise estimation of the ice cream market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ice cream industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ice cream market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Impulse - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Impulse - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Impulse - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Impulse - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Impulse - Year-over-year growth 2021-2026 (%)
    • 5.4 Take home - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Take home - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Take home - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Take home - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Take home - Year-over-year growth 2021-2026 (%)
    • 5.5 Artisanal - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Artisanal - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Artisanal - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Artisanal - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Artisanal - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Belgium - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Belgium - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Belgium - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Belgium - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Belgium - Year-over-year growth 2021-2026 (%)
    • 7.12 Australia - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Australia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Australia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Australia - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Australia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Agropur Dairy Cooperative
              • Exhibit 93: Agropur Dairy Cooperative - Overview
              • Exhibit 94: Agropur Dairy Cooperative - Product / Service
              • Exhibit 95: Agropur Dairy Cooperative - Key news
              • Exhibit 96: Agropur Dairy Cooperative - Key offerings
            • 10.4 Blue Bell Creameries LP
              • Exhibit 97: Blue Bell Creameries LP - Overview
              • Exhibit 98: Blue Bell Creameries LP - Product / Service
              • Exhibit 99: Blue Bell Creameries LP - Key offerings
            • 10.5 Dairy Farmers of America Inc.
              • Exhibit 100: Dairy Farmers of America Inc. - Overview
              • Exhibit 101: Dairy Farmers of America Inc. - Product / Service
              • Exhibit 102: Dairy Farmers of America Inc. - Key offerings
            • 10.6 Dunkin Brands Group Inc.
              • Exhibit 103: Dunkin Brands Group Inc. - Overview
              • Exhibit 104: Dunkin Brands Group Inc. - Business segments
              • Exhibit 105: Dunkin Brands Group Inc. - Key offerings
              • Exhibit 106: Dunkin Brands Group Inc. - Segment focus
            • 10.7 Lotte Confectionery Co. Ltd.
              • Exhibit 107: Lotte Confectionery Co. Ltd. - Overview
              • Exhibit 108: Lotte Confectionery Co. Ltd. - Business segments
              • Exhibit 109: Lotte Confectionery Co. Ltd. - Key offerings
              • Exhibit 110: Lotte Confectionery Co. Ltd. - Segment focus
            • 10.8 Mars Incorp.
              • Exhibit 111: Mars Incorp. - Overview
              • Exhibit 112: Mars Incorp. - Product / Service
              • Exhibit 113: Mars Incorp. - Key offerings
            • 10.9 Nestle SA
              • Exhibit 114: Nestle SA - Overview
              • Exhibit 115: Nestle SA - Business segments
              • Exhibit 116: Nestle SA - Key news
              • Exhibit 117: Nestle SA - Key offerings
              • Exhibit 118: Nestle SA - Segment focus
            • 10.10 Oatly Group AB
              • Exhibit 119: Oatly Group AB - Overview
              • Exhibit 120: Oatly Group AB - Product / Service
              • Exhibit 121: Oatly Group AB - Key offerings
            • 10.11 Unilever PLC
              • Exhibit 122: Unilever PLC - Overview
              • Exhibit 123: Unilever PLC - Business segments
              • Exhibit 124: Unilever PLC - Key news
              • Exhibit 125: Unilever PLC - Key offerings
              • Exhibit 126: Unilever PLC - Segment focus
            • 10.12 Wells Enterprises Inc.
              • Exhibit 127: Wells Enterprises Inc. - Overview
              • Exhibit 128: Wells Enterprises Inc. - Product / Service
              • Exhibit 129: Wells Enterprises Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Ice Cream market growth will increase by $21.49 billion during 2022-2026.
              The ice cream market is expected to grow at a CAGR of 5.22% during 2022-2026.
              Technavio has segmented the ice cream market by product (impulse, take home, and artisanal) and geographic (North America, APAC, Europe, South America, Middle East and Africa, Europe, APAC, North America, South America, and MEA).
              Agropur Dairy Cooperative, Blue Bell Creameries LP, Dairy Farmers of America Inc., Devyani Food Industries Ltd., DUMONT, Dunkin Brands Group Inc., Eclipse Foods, Erhard Patissier Glacier, Froneri International Ltd., Gujarat Cooperative Milk Marketing Federation, Humphry Slocombe Group LLC, Lotte Confectionery Co. Ltd., Mars Incorp., Morinaga and Co. Ltd., Nestle SA, New Forest Ice Cream Ltd., Nightfood, Inc., Oatly Group AB, PureCircle Ltd., Unilever PLC, Wells Enterprises Inc., Perfect Day Inc are a few of the key vendors in the ice cream market.
              APAC will register the highest growth rate of 49.72% among the other regions. Therefore, the ice cream market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Australia
              • Germany
              • Belgium
              The key factors driving the ice cream market growth are:
              • Product launches
              • Rising popularity of vegan ice cream among millennials
              The ice cream market vendors should focus on grabbing business opportunities from the impulse segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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