Market Research Future (MRFR) analysed the Ice Cream Industry 2020 across the review period till 2023. MRFR suggests that the ice cream market can expand at a decent CAGR to earn considerable revenue by 2023. COVID 19 impact assessment for the ice cream market is elaborated in the report.
The growing appreciation for creamy treat across the world is identified as one of the major factor that can drive the ice cream market. The availability of ice cream churning and chilling equipment that are driven by modern manufacturing technology can improve the growth of the market. The availability of different type of ice creams and the growing popularity of lactose-free ice cream add momentum to the market.
General Mills, Inc. (US), Blue Bell Creameries (US), Mars, Inc. (US), Lotte Confectionery Co., Ltd (South Korea), Amul (India), Unilever (UK), Nestlé (Switzerland), and Amy’s Ice Cream (US) are some reputed names in the Global Ice-Cream Industry that are listed by MRFR.
The segment assessment of the global Ice Cream Industry is done by claim, type, and distribution channel.
The type-based segments of the global ice cream market are buckets/tubs, bars, and floats among others. The increase in sales of bucket or tubs can impact the rise of the market in the years to come. The ease of consumption of floats can promote the expansion of the market in the years to come.
The claim base segments of the ice cream market are low-fat, lactose-free, and low calorie among others. The lactose-free segment can expand at a high CAGR by 2023.
The distribution channel-based segments of the global Ice Cream Industry are non-store-based and store-based. Supermarkets, convenience stores, hypermarkets, and specialty stores among others are store-based sub-segments of the ice cream market. The non-store segment can win high profit for the market.
Trends and factors of ice cream market are analysed for regional progress across the globe. North America, Asia-Pacific, Europe, and the Rest of the World are analysed for the ice-cream market. The ice cream market in North America generate a high revenue in the study period due to the increasing consumption of ice cream. Moreover, the availability of fortified ice-cream products that possess nutrient value is observed to gain high preference.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.