Nestlé SA and General Mills Inc., among others, are the major players in the global ice cream market.
In the forecast period of 2022-2027, the global ice cream market is further expected to grow at a CAGR of 7.5%. As per the analysis by Expert Market Research, the global ice cream market is being driven by its numerous applications in the preparation of various desserts and beverages.
The use of ice creams in cakes, milkshakes, waffles, sundaes, cold coffee, and floats, is expected to increase the market growth globally. The ever increasing online food delivery services have also led to significant market growth. The rising demand for convenience foods, significant growth in the dairy industry, and the increasing premiumisation of product are also contributing to the increased demand for ice cream. The new regulations by several government bodies regarding the manufacture of ice creams, such as mentioning the percentage amount of vegetable proteins or vegetable fats on the label, and the increasing health consciousness among the people, which is leading to a shift towards organic ingredients, is expected to significantly increase the growth of the market over the forecast period. The increase in the availability of ice cream flavours in departmental stores, supermarkets, hypermarkets, and convenience stores, is driving the growth of the ice cream market exponentially.
The vanilla flavour is the most popular and holds a significant share in the market. The rising disposable incomes and increased purchasing power of consumers are increasing the consumption of ice cream in regions like India and China, leading to significant market growth.
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Nestle is the world’s largest food and beverage company, with operations in over 189 countries. The company’s products include baby food, bottled water, medical food, breakfast cereals, confectionery, coffee and tea, dairy products, frozen food, ice cream, pet foods, and snacks. The company has several world-famous brands such as Nescafé, Smarties, Kit Kat, Nesquik, Vittel, Stouffer's, and Maggi.
|Headquarters:||Minnesota, United States|
General Mills deals with the manufacture and marketing of branded consumer foods which are sold through retail stores. The company has many famous brands such as Annie's Homegrown, Betty Crocker, Colombo, Yoplait, Totino's, Old El Paso, Pillsbury, Häagen-Dazs, Cheerios, Cocoa Puffs, Trix, and Lucky Charms. The company is known for their deep understanding of the needs and expectations of their consumers and constantly meeting these demands. This company specialises in building brands and has eight brands which have a value of over billion dollars.
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