Market Overview

Market Research Future (MRFR) looked at the ice cream market in 2020 and projected it out to 2022. According to MRFR, the ice cream market can grow at a reasonable CAGR to generate the ice cream market in India reached a value of INR 165.2 Billion in 2021. Looking forward, expects the market to reach INR 436.2 Billion by 2027, exhibiting at a CAGR of 17.69% during 2022-2027.

COVID 19 Impact Analysis
The impact evaluation of COVID 19 on the ice cream market is detailed in the paper.

The ice cream industry had suffered during COVID-19 due to supply chain disruptions that impacted the ice cream sales. Also, a lot of people were avoiding ice cream as they felt it may make them susceptible to COVID-19.

Further, due to the rising health concerns with regards to ice cream consumption, consumers are now preferring ice cream products that are GMO-free, hormone-free, additive- and preservative-free, dairy-free, low in calories, and organic and fat-free in nature.

There is a rise in demand for premium ice creams, which will be one of the primary factors driving the market growth. Premium ice creams have become a popular product among health-conscious consumers due to the presence of high-quality ingredients and a lower amount of aeration compared to regular ice creams.

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Key Players

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 market that are listed by MRFR. New entrants and improvisations in systems of existing ice producers can work in favour of the market. In addition, technology such as IoT are being deployed for better manufacturing. Thus, tie-up of enterprises with renowned tech companies can also improve the market rise.

Market Segmentation

The segment assessment of the global ice-cream market 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 2022.

The distribution channel-based segments of the global ice-cream market 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.

Regional Analysis

The ice cream market's trends and factors are examined for regional progress around the world. The ice-cream market is examined in North America, Asia-Pacific, Europe, and the Rest of the World. Due to increased ice cream consumption, the ice cream market in North America earns a large revenue over the study period. Furthermore, the availability of fortified ice-cream products with nutrient content appears to be gaining popularity. This could help to expand the area market. The APAC ice cream industry has the potential to grow due to the growing demand for creamy treats. Furthermore, APAC is known for its festive culture, and the increase in ice cream consumption as a dessert during these festivals can help drive regional market growth soon.

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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.

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