Opportunities in the Global Ice Cream Sector 2023

Opportunities in the Global Ice Cream Sector 2023

Summary

The global ice cream sector will grow from $77.3 billion in 2022 to $142.3 billion in 2027, achieving a CAGR of 13% during 2022–27. An improvement in consumers’ purchasing power combined with a pent-up demand for indulgent treats will fuel the sector’s growth in this period. Take-home and bulk ice cream amassed the largest value share in 2022, at 47.7%. Impulse single-serve ice cream’s value share will increase from 43.7% in 2022 to 46.9% in 2027. The consumption share of the ice cream sector in the overall food industry will increase in all regions during 2017–27, except Asia-Pacific.

This report brings together multiple data sources to provide a comprehensive overview of the global ice cream sector, analyzing data from 108 countries. It includes analysis on the following:
Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector sizes, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.
Change in consumption: Provides a shift in the consumption of ice cream over 2017–27 at global and regional levels.
High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.

Scope

Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector sizes, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.

Reasons to Buy

Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the ice cream sector.
The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.