According to the latest report by IMARC Group, titled “Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global ice cream market size reached a value of US$ 65.8 Billion in 2020. Looking forward, IMARC Group expects the global ice cream market to exhibit moderate growth during 2021-2026. Ice cream is a milk-based frozen dessert that is a rich source of calcium, folate, thiamine, niacin, phosphorus, riboflavin, and vitamins A, C, D, E, K, B-6 and B-12. It commonly involves the use of cream, sugar, sweeteners, food colorings, butterfat, eggs, fruits, and artificial or natural flavorings in its preparation. Having a smooth and creamy texture, it is widely available in numerous flavors, including vanilla, chocolate, strawberry, butterscotch and chocolate chip and can be stored in a refrigerator over an extended period of time.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Ice Cream Market Trends:
The global market is majorly driven by the increasing uptake of convenience foods, including ice creams, by the masses. This is supported by rapid urbanization, the inflating disposable income levels of individuals and their shifting dietary preferences. There has also been a rise in the preference for online food delivery services across the globe, which has facilitated the sales of desserts and beverages, such as cakes, waffles, milkshakes, sundaes, cold coffee and floats, wherein ice creams are used as an essential ingredient in the preparation. The market is further driven by the introduction of numerous innovative flavors, such as mint chocolate, coffee, cheesecake and tiramisu, that are expected to cater to the diverse taste preferences of the customers. Moreover, several key players have launched healthy low-fat and sugar-free variants in the market. They are also introducing lactose-free ice creams, which are gaining widespread preference among the vegan and lactose-intolerant consumers. In line with this, there has been a considerable rise in the demand for ice creams with natural and organic ingredients, which is also creating a positive outlook for the market. Some of the other factors contributing to the market growth include significant growth in the dairy industry and the escalating preference for premium ice creams among the masses.
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Key Market Segmentation:
Market Breakup by Flavor:
Market Breakup by Category:
Market Breakup by Product:
Market Breakup by Distribution Channel:
- Convenience Stores
- Ice Cream Parlors
- Online Stores
Market Breakup by Region:
- Asia Pacific
- North America
- Latin America
- Middle East and Africa.
The competitive landscape of the global market has been analyzed in the report with detailed profiles of the key players operating in the market.
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