****** Ice Cream Market to be valued at US$ 84.3 Billion by 2023

The ****** ice cream market has witnessed a positive growth over the past several years. The health benefits of ice cream coupled with the increasing demand for handmade and artisanal products have further provided an impetus to the market growth.

Request for free sample report: https://www.imarcgroup.com/request?type=report&id=712&flag=B

Ice cream is a rich sweet food made from frozen cream and milk products stirred or churned to a smooth consistency. It represents a popular snack food worldwide and is used to make desserts such as sundaes, ice cream floats, ice cream cakes, milkshakes and even baked goods. Over the years, numerous ice-cream flavours have been created ranging from exotic fruits like mango and pomegranate to unconventional flavours like avocado or basil. A new research report by IMARC Group, titled “Ice cream Market: ****** Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the ****** ice cream market was worth US$ 53.6 Billion in 2017. The report further anticipates the market to cross US$ 84.3 Billion by 2023, at a projected CAGR of nearly 8% over the forecast period.

Market Drivers/Constraints:

  • The availability of a large number of ice cream products in different shapes and sizes, such as cups, bars, tubs, sandwiches, sticks, ice lollies and cones, acts as a major driver for the ****** ice cream market.
  • The rising demand for artisanal ice cream containing healthy or high-quality ingredients, coupled with the growing sales of products which are low in fat and sugar; free of lactose and gluten; and made with organic ingredients, are also bolstering the market growth worldwide.
  • The growing disposable income of the consumers and rising standards of living, particularly in the developing regions, further stimulates the demand for ice cream.
  • The health concerns associated with ice cream consumption, such as obesity and cardiovascular diseases, can restrain the market growth. Moreover, the perishable nature of ice cream also acts as a major deterrent.

Market Breakup by Region:

1. Asia-Pacific

2. North America

3. Europe

4. Latin America

5. Middle East and Africa

On a geographical front, Asia-Pacific enjoys the leading position in the ****** ice cream market on account of the availability of innovative and healthier products. Increase in the number of ice cream parlours along with the rising disposable income and growing population have also contributed to the market growth in the region. Other major markets include North America, Europe, Latin America, and Middle East and Africa.

Competitive Landscape:

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of price, innovation and distribution. The industry has also experienced increased merger and acquisition activities in the recent years. Some of the leading players operating in the market are:

1. Unilever

2. Nestlé

3. Inner Mongolia Yili Industrial Group

4. General Mills

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group

309 2nd St, Brooklyn, NY 11215, USA

Website: http://www.imarcgroup.com/

Email: sales@imarcgroup.com

USA: +1-631-791-1145

Follow us on twitter: @imarcglobal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.