Ice Cream Market Overview and Insights 2014-2024 (COVID-19 Adjusted) – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)-- The "The Global Ice Cream Market and the Impact of COVID-19 in the Medium Term" report has been added to ResearchAndMarkets.com's offering.

This report presents a strategic analysis of the global ice cream market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it. It provides a comprehensive overview of the market volume and value, dynamics, segmentation, characteristics, main players, prices, international trade, trends and insights, growth and demand drivers, challenges, etc.

The global ice cream market was equal to 57.26 billion USD (calculated in retail prices) in 2014. Until 2024, the ice cream market in the world is forecast to reach 83.15 billion USD (in retail prices), thus increasing at a CAGR of 3.76% per annum for the period 2019-2024. This is an increase, compared to the growth of about 3.64% per year, registered in 2014-2018.

The average consumption per capita in value terms reached 14.45 USD per capita (in retail prices) in 2014. In the next five years, it grew at a CAGR of 1.32% per annum. In the medium term (by 2024), the indicator is forecast to speed up its growth and increase at a CAGR of 2.21% per annum.

One of the leading trends in the global ice cream market is connected with the constantly changing eating habits. Most manufacturers are constantly trying to develop new flavors in accordance with the contemporary consumers' tastes. The younger population, in particular, is more adventurous, seeking new experiences, which determines the present trend towards exotic tastes. As a result, currently on the market can be found a wide range of flavors, including the untypical savory flavors such as smoked bacon and egg, black pepper, chili, thai green curry and many more. What is more, the experiential trend extends beyond taste to include texture. In order to appeal to all of the consumers' senses, companies are innovating by introducing ice cream in a chewy crepe instead of a wafer cone.

Beside the industrial actors, numerous small and individual manufacturers produce top-range products, so-called artisanal ice cream. This category of ice cream is generally offered on the production site. Usually they promote their ice cream products as high quality and put an accent on the use of locally purchased raw materials. Although there are various differences in terms of packaging, prices and modes of distribution between artisanal and industrial ice cream, the increasing interest in the home-made ice cream suggests that there is a significant competitive pressure. Sometimes, however, smaller companies may not be able to afford their own ice cream parlors and must instead persuade supermarkets, specialist stores, and other businesses to stock their products.

Ice cream is among the food categories, which has also tapped into the growing fitness and sports nutrition trend. Consumers have been eager to try food options, including ice cream with claims such as added protein and functional energy. In response, companies are launching more ice cream products positioned for the sports nutrition space. To reach out to this consumer group, ice cream manufacturers have been also cutting sugar levels in these products.

This is the most detailed (COVID-19 updated) and comprehensive report about the global ice cream market, covering all global regions and 151 single countries. The report presents information on each indicator for each of the 151 countries covered, offering unmatched value, accuracy and expert insights.

The report on the global ice cream market covers:

• Market volume, value and dynamics for the last five years;
• Market segmentation (by region and each covered country; by product groups, etc.) for the last five years;
• Analysis of the factors, influencing the market development (market trends and insights, drivers and challenges) and the impact COVID-19 has and will have on the market in both the short and the medium term;
• Value chain analysis and structure of price formation;
• Analysis of retail price levels and their dynamics for the last five years (broken down by region and each covered country);
• Analysis of the major international trade flows;
• Volume, value, dynamics, segmentation (by region and each covered country) and analysis of imports for the last five years;
• Volume, value, dynamics, segmentation (by region and each covered country) and analysis of exports for the last five years;
• Volume and dynamics of the average import and export prices for the last five years (broken down by region and each covered country);
• Volume, value, dynamics, segmentation and analysis of per capita consumption for the last five years (broken down by region and each covered country);
• Forecast for market development in the medium term (volume, value and segmentation by region and each covered country);
• Characteristics of the main players on the market;
• Analysis of the competitive landscape;
• Five Forces analysis;
• Analysis and forecast for the global economy and demographics.

Companies Mentioned

• ADM
• Ajinomoto Foods
• Apeejay Surrendra Group
• Associated British Foods PLC
• Barry Callebaut
• Barry's Tea
• Bettys & Taylors Group Ltd.
• Blommer Chocolate
• Cargill, Inc.
• Carlyle Cocoa
• Cemoi
• Cocoa Processing Company
• Davids Tea
• Dutch Cocoa B.V.
• Eight O' Clock Coffee Company
• Haco Asia Pacific
• Industria Colombiana Decaf
• Ito En Inc.
• Jacobs Douwe Egberts
• Jindal Cocoa
• Keurig Green Mountain
• Kusmi Tea
• Luigi Lavazza S.p.A.
• Mars, Inc.
• Matthew Algie & Company Ltd.
• Mauro Demetrio
• Mcleod Russel
• Meiji Holdings
• Nestle S.A
• Paulig Group
• Peet's Coffee & Tea
• Petra Foods Limited
• Power Root
• Puratos Group
• Starbucks Corporation
• Strauss Group Ltd.
• Tata Global Beverages
• Tchibo Coffee
• Tea Forte
• The Coca-Cola Company
• The J. M. Smucker Company
• The Kraft Heinz Company
• Trung Nguyen
• Unilever PLC
• United Cocoa Processor, Inc.
• Vinacafe

For more information about this report visit https://www.researchandmarkets.com/r/c3icd2

View source version on businesswire.com: https://www.businesswire.com/news/home/20200430005481/en/

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Source: Research and Markets