Global Retail Ice Cream Market Overview:
Ice cream is a sweetened frozen food usually eaten as a snack or dessert. It is made from dairy products, such as milk and cream, and often combined with fruits, flavors and other ingredients. It is sweetened with sugar or sugar substitutes. Usually, flavouring and colouring are added into stabilizers. The mixture is stirred toorporate air spaces and chilled below the freezing point of water to avoid detectable ice crystals from forming. The result is a smooth foam which is solid at very low temperatures. It becomes softer as its temperature.
- Increasing Demand for Frozen Dessert
- Increase in Demand for Lactose-Free Ice Creams
- Innovative Flavors in Ice Cream Products with Focus on Health Improvement
- Growing Usage of Finer-Quality Ingredients
- Large Numbers of Players are Available
- Development of Lactose-Free Ice-Cream
- Introduction of Organic and Sugar-Free Ice Creams
- Health Concerns Associated With Ice-Cream
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined collaborations.
Some of the key players profiled in the report are Unilever (United Kingdom), Nestle (Switzerland), General Mills (United States), Blue Bell Creameries (United States), Lotte Confectionery (South Korea), Wells Dairy Inc. (United States), Turkey Hill (United States), Mihan Dairy Inc. (Iran), Meiji Holdings Co., Ltd. (Japan), Yili Group (China), Morinaga (Japan) and Amul (India). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Retail Ice Cream market by 2024. Considering Market by Distribution Channel, the sub-segment i.e. Offline (Departmental Stores will boost the Retail Ice Cream market.
On August 20, 2019 Lotte Confectionery has partnered with DKSH, which is a market expansion service provider. Whch will help Lotte to expand its confectionery products footprint in Singapore.
On October 16, 2018 Unilever have launched probiotic ice cream brand Culture Republick, which includes seven flavours such as Milk & Honey, Turmeric Chai & Cinnamon, Cold Brew & Chocolate Chip, Pistachio & Caramel, Lemon & Graham, Chocolate & Cherry, and Matcha & Fudge.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Retail Ice Cream market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Retail Ice Cream market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Ice Cream, Suppliers of Ice Cream, Wholesalers, Distributors and Retailers of Ice Cream, Food and Beverage Industry, Research Firms and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.