Top Emerging Trends Of Ice Cream Market Progress Forecast 2025 |Grand View Research, Inc.
Posted by Mrudula Karmarkar on July 20th, 2022
The global ice cream market is anticipated to reach USD 78.8 billion by 2025, growing at a CAGR 4.1%, according to a new report by Grand View Research, Inc. The growing demand for premium products especially in developed regions such as North America and Europe is expected to drive the ice creams sales in these regions. The major growth is expected to come from developing regions such as Asia Pacific, Latin America, and MEA. Countries such as India and China have a large consumer base which is expected to drive the sales in terms of both volume and value. However, a growing number of health-conscious consumers is expected to limit market growth over the forecast period.
The demand for lactose-free is also expected to contribute to market growth during the forecast period. The increase in demand for lactose-free ice creams is driven by an increase in cases of food intolerances and allergies. Thus, the consumers having lactose intolerance pick lactose-free ice creams. Also, these products are opted by consumers who are health conscious and prefer healthy foods.
Companies are introducing many new and innovative flavors in the ice cream segment to increase their revenue. For instance, in 2017, Ben & Jerry's introduced three new flavors in summer to increase their sale. The introduction of new flavors and formats is also expected to contribute significantly to the growing sales across the globe.
There has been a growing demand for the product in Asia Pacific countries such as India and China owing to a large consumer base and favorable climatic conditions for the consumption of ice creams. There is a growing demand for lactose-free products across the globe. The increase in demand for lactose-free products is driven by an increase in the cases of food intolerances and allergies. Thus, the consumers having lactose intolerance pick lactose-free ice creams. Also, these products are opted by consumers who are health conscious and prefer healthy foods. Lactose intolerant patient is not able to digest lactose which is a sugar found in milk and dairy products. As per the U.S. National Library of Medicine, around 65.0% of the human population is lactose intolerant. This condition is also common in people of Italian, Greek, Jewish, Arab, and West African descent
To Request Sample Copy of this report, click the link:
Companies are introducing many new and innovative flavors in the ice cream segment to increase their revenue. For instance, in 2017, Ben & Jerry's introduced three new flavors in summer to increase their sale. These flavors include Oat of this Swirled, Truffle Kerfuffle, and Urban Bourbon. The introduction of new flavors is expected to drive sales growth by value, thereby increasing the overall market growth. Rising demand for premium products has led to declining sales of low-quality ice creams and the trend is expected to continue during the forecast period which is anticipated to drive the sales value of ice creams especially in developed regions such as North America and Europe
Further Key Findings From the Study Suggest:
Some of the key players in the market are Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries. There are numerous small and mid-size players in individual countries that also contribute to the overall market. Manufacturers are introducing new flavors and formats to enhance their sales volume which has been decreasing especially in developed regions such as North America and Western Europe.
Grand View Research has segmented the ice cream market on the basis of product type.
Ice Cream Product Outlook (Revenue, USD Million, 2014 - 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Like it? Share it!
About the AuthorMrudula Karmarkar
Joined: March 30th, 2020
Articles Posted: 404
More by this author