Supply Chain Challenges due to the Pandemic.Market Analysis and Insights (in Relation with COVID-19).Recent Industry Developments - Policies, Mergers & Acquisitions, and.
#BRIQS ICECREAM PLUS#
June 2020: Dairy Day launched Dairy Day Plus - a range of ice creams with immunity-boosting ingredients.īrowse Detailed Summary of Research Report with TOC: July 2020 – Mother Dairy, one of the leading dairy players in India, introduced a brand named Rocket, with two exciting flavors of French Vanilla and Belgian Chocolate. The product is made from 100 percent camel milk, and it is said to be good for health-conscious consumers as it contains less fat than cow milk. October 2020: Amul announced the launch of a new camel milk ice cream. This helped the company expand its product line. For Instance, in January 2021, Unilever Group announced the launch of a double red velvet variant under its Magnum brand. Key players are focusing on innovative product launches in order to expand their businesses, as well as their product portfolios. The global ice cream industry comprises various producers and multinational corporations contributing to the development of the industry. Introduction of New Products to Aid Key Players Expand their Product Lines A wide range of fast-food chains, coupled with the increasing demand for natural products is set to further propel the need for ice-creams in the region. The market in North America is projected to exhibit significant growth in the forecast timeline. In addition, the rising popularity of fast food in the region is estimated to enhance the demand in Asia Pacific.
The increasing disposable income and rapid urbanization in major countries including China, India, and Japan are estimated to drive the growth in the region. Rapid Urbanization to Help Asia Pacific Gain ProminenceĪsia Pacific is estimated to dominate the global market with a market value of USD 15.43 billion in 2019.
Cold Stone Creamery (Arizona, United States).Blue Bell Creameries (Texas, United States).General Mills (Minnesota, United States).Unilever Group (London, United Kingdom).List of Companies Covered in the Ice Cream Market are: The market size reached USD 70.85 billion in 2019 and is anticipated to reach USD 91.90 billion by 2027, exhibiting a CAGR of 4.01% during the forecast period. However, the seasonal nature of the primary product is projected to hinder growth during the forecast period.Īccording to Fortune Business Insights™, the global ice cream market is anticipated to showcase eminent growth owing to the constant product innovation from players. In addition, the increasing adoption of premiumized ice creams made from rich ingredients is anticipated to further enhance growth. This trend is estimated to drive the ice cream market growth. This is due to the increasing health awareness among consumers globally. Prominent enterprises are expanding their resources in research and development activities to offer options that include healthy and functional ingredients for optimum nutrition. 21, 2022 (GLOBE NEWSWIRE) - Increasing Use of Functional Ingredients in Products to Drive Growth