What is Gourmet Ice Cream Market?
The global gourmet ice cream market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Introduction of rich flavour gourmet ice cream and high demand in summer season across the world is expected to be one of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next one year due to high demand & supply gap, but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Frozen Custard, Gelato, Sarbet and Others) and major geographies with country level break-up.
Amorino (Italy), Braum's Inc. (United States), Conagra Brands, Inc. (United States), Focus Brands (United States), Gelato Italia Ltd. (United Kingdom), General Mills, Inc. (United States), Kwality Wall's (India), Nestle (Switzerland), R&R Ice Cream (United Kingdom), Unilever (United Kingdom) and Vadilal Icecreams (India) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing new products in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Gourmet Ice Cream market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Gourmet Ice Cream market by Type, Application and Region.
On the basis of geography, the market of Gourmet Ice Cream has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Introduction of Rich Flavor Gourmet Ice Cream
- High Demand in Summer Season
- Rising Adoption of Online Sales Channel
- The Outbreak of COVID-19 Pandemic is One of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis & is Leading to Stopped Operations of Transportation & Logistics Sector Across the World Creating a Demand-Supply Gap for an Ambiguous Period of Time
- Opportunities in the Asia Pacific Region
- Declining of Market During the Next One Year Due to Closed Markets Caused by COVID-19 Pandemic Across the World
Stringent Worldwide Government Regulations Regarding Shutting Down the Production & Services Across Different Countries of the World to Avoid the Spread of COVID-19
Analyst CommentThe increasing demand for premium products is identified as one of the key trends behind the growth of the gourmet ice cream market. The rising disposable income of the consumers, the rising standard of living, and the growing health consciousness of the consumers has influenced the consumers demand for premium and gourmet ice cream items due to their higher quality, specific origin, fine flavors, and exotic and ethically sourced ingredients.