Ice Cream Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

 

the ice cream market and it is poised to grow by $ 20.2 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• What are the major trends in the market?
  The increasing popularity of plant-based ice creams is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 4.33% and the incremental growth of the market is anticipated to be $ 20.2 bn.
• Who are the top players in the market?
  Agropur Co-operative, Blue Bell Creameries LP, Dunkin' Brands Group Inc., Froneri Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Mars Inc., Nestlé SA, New Forest Ice Cream Ltd., Unilever Group, and Wells Enterprises Inc., are some of the major market participants.
• What is the key market driver?
  The increasing launch of new products is one of the major factors driving the market.
• How big is the APAC market?
  The APAC region will contribute 35% of the market share.

 

The market is fairly fragmented, and the degree of fragmentation will accelerate during the forecast period. Agropur Co-operative, Blue Bell Creameries LP, Dunkin' Brands Group Inc., Froneri Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Mars Inc., Nestlé SA, New Forest Ice Cream Ltd., Unilever Group, and Wells Enterprises Inc. are some of the major market participants. The increasing launch of new products will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Ice Cream Market 2020-2024: Segmentation

Ice Cream Market is segmented as below:

• Distribution Channel
• Supermarkets And Hypermarkets
• Specialty Stores
• Independent Retailers
• Geographic Landscape
• APAC
• Europe
• MEA
• North America
• South America

Ice Cream Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ice cream market report covers the following areas:

• Ice Cream Market Size
• Ice Cream Market Trends
• Ice Cream Market Industry Analysis

This study identifies the increasing popularity of plant-based ice creams as one of the prime reasons driving the ice cream market growth during the next few years.