Press Release
Press Release
The global ice cream market growth is driven by the availability of ice cream on different channels and the rising demand for artisanal ice cream in the market. Ice cream manufacturers are innovating with a range of toppings and mix-ins to elevate their products and attract a broader customer base. The surge in demand for artisanal ice cream reflects a consumer shift towards distinctive and premium desserts. Crafted with unique flavours, premium ingredients, and traditional methods, artisanal ice cream appeals to those craving a truly indulgent and authentic frozen treat.
Table: Global Milk and Milk Products Production by Region, KMT, 2020-2023
To meet evolving consumer demands, manufacturers are diversifying their product offerings with functional ingredients, organic options, and unique flavours. According to industry reports, there is a growing trend of utilising functional ingredients like plant sterols and lecithin to emphasize the health benefits of frozen desserts. Additionally, there is a shift towards replacing synthetic ingredients with alternatives like Propylene Glycol Monoester (PGME) in ice cream formulations.
In response to evolving consumer preferences, ice cream manufacturers can drive customer engagement and loyalty by pioneering inventive and distinct offerings. By introducing innovative flavors, textures, and ingredient pairings, manufacturers can captivate new audiences while retaining current customers, creating lasting brand connections.
Technological innovations in freezing and production have transformed the ice cream sector, introducing methods like low-temperature extrusion and cryogenic freezing for premium-quality products. These advancements present new avenues for industry players. Ice cream's versatility extends beyond retail to foodservice and catering, serving as a versatile ingredient in diverse dessert offerings, highlighting its broad market appeal and potential.
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The major players in the global ice cream market are Unilever plc, General Mills, Inc., Ashby's Ice Cream, Tillamook County Creamery Association, Gujarat Cooperative Milk Marketing Federation Limited (Amul), Turkey Hill Dairy, HP Hood, LLC, Wells Enterprises, Inc, Dairy Farmers of America, Inc., Nestlé S.A., Lotte Confectionary Co, Ltd, The Kroger Company, Meiji Holdings Co, Ltd, and Danone S.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Flavour |
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Breakup by Category |
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Breakup by Product Type |
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Breakup by End-Use |
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Breakup by Sales Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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