This is in line with the snacking trend in consumers opting for a variety of snacks including Ice Cream for at home consumption. Key market trends, growth factors, and opportunities4.3.1. Online Only Key market trends, growth factors, and opportunities5.2.1.
Key market trends, growth factors, and opportunities5.5.1. On the basis of sales type, theAsia-Pacific is expected to witness the highest growth rate, owing to rise in demand from the emerging economies such as India, China, Indonesia, and others. This is due to high Take-home consumption of Ice Cream in the United States which surpasses Impulse Ice Cream sales by 200%. Jun Click here.Growth in Ice cream market encountered several challenges to post a CAGR of 2.89%. Due to rising health concerns consumers are interested in Ice Cream made of Natural flavours and natural sweeteners and handcrafted Ice Cream. The growth is also projected because of increased disposable income, the introduction of new flavors from the manufacturers, and increased consumption of ice-cream as a snack option boosts the market for ice cream products.LAMEA is also expected to show decent growth over the forecast period owing to rising demand of ice creams from younger demographics and emerging middle class. 74875 Views Key market trends, growth factors, and opportunities5.4.1. The growth of the ice cream industry is driven by availability of various flavored ice creams. These products can offer innovation inspiration to other markets, specifically with regard to sourcing ingredients from local farmers and using packaging as a distinguishing selling point that celebrates – and appeals to – a sense of individuality. Rise in disposable income majorly drives the growth of the global ice cream market, especially in the developing economies. By distribution channel, the market is segmented as off-trade and on-trade channels.
The global ice cream market size reached US$ 62 Billion in 2019. Start reading instantly. Various ice creams are provided by the companies present in the market, including hard ice cream, soft ice cream, light ice cream, low-fat ice cream, and others. As a result, the ice cream consumers pay a premium price for these products, which in turn increases the revenue of the market.Manufacturers are increasing their product range by including functional ingredients, organic herbal fillings, and exotic flavors in product formulations to meet the changing consumers’ demands. Purchase the Ice Cream and Frozen Desserts in the US country report as part of our ice cream and frozen desserts market research for September 2019. Pandemic disrupted the entire world and affected many industries.The Global Ice Cream Market was valued at $68,072 million in 2016, and is projected to reach $97,301 million by 2023, registering a CAGR of 5.4% from 2017 to 2023.
An increase of approximately 1% in the per capita consumption of ice cream has been overserved in these countries. Availability of various flavored ice-cream4.2.1.
For complete satisfaction In addition, increase in number of convenience stores and increased preference for different flavors fuel the market growth.The market for ice creams is developing in the emerging economies such as India, Indonesia, Thailand, Malaysia, Brazil, Argentina, and Philippines. Euromonitor International is the leading provider of strategic market research reports.
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