In addition, the wide availability of ice creams through various distribution channels, such as hypermarkets, supermarkets, ice cream parlors, and convenience and online stores, is propelling the growth of the market. However, after the reopening of lockdowns, the ice cream industry is expected to grow in the coming years due to the stability in the supply chains.Īt present, the growing health consciousness among consumers, along with the increasing preference towards a nutrient-rich product, represents one of the major factors influencing the market positively. Additionally, difficulty in the procurement of milk has been witnessed by various ice cream processing facility centers, causing a slowdown in ice cream production. Brands that are largely dependent on ice cream parlors to reach customers are severely affected by the pandemic. Apart from this, ice cream street vendors were not available on the road due to the imposition of curfews and lockdowns across the globe. Besides this, there has been a rising preference for consuming hot products due to the COVID-19. Moreover, the peak season of ice cream generally starts from March to September, and it was hampered by the lockdown, which caused a downfall in sales. Shortages of ice cream and its ingredients have been reported in the initial months of the lockdown due to restrictions on transportation and personnel travel. Ice cream is a highly perishable product, and the industry faced a large hit due to the spread of the coronavirus. The COVID-19 pandemic outbreak has caused a severe problem for the ice cream industry and imposed unprecedented challenges on numerous countries. Besides this, it assists in stimulating thrombotonin, which is a hormone of happiness and helps in reducing the levels of stress in the body. It also promotes strong and healthy bones as it contains milk and related products. It is convenient, cost-effective, and aids in relaxing the nervous system and preventing symptoms of insomnia. It also contains milk fat with milk solids, sweeteners, emulsifiers, stabilizers, and flavoring materials. It is a rich source of carbohydrates, calcium, phosphorus, thiamine, riboflavin, niacin, folate, and vitamins A, C, D, E, K, B-6 and B-12. It is widely available in different sizes, shapes, colors, and flavors, such as mango, strawberry, blueberry, almond, chocolate, coffee, vanilla, and orange. Ice cream refers to frozen dairy food manufactured from cream or butterfat, milk, sugar, and artificial flavors. To get more information about this market, Request Sample Additionally, there is moderate level of product differentiation for ice cream, as key manufacturers differentiate their products based on brand, flavor, calorie content, purity, and packaging. The volume of new entrants is moderate in the ice cream industry due to the low capital investment and easy access to distribution. The market structure is fragmented with a large number of global and regional players operating in the industry. Also, detailed profiles of all major companies have been provided. In addition, the increasing health consciousness among consumers and the rising preference towards nutrient-rich products with natural and certified ingredients are contributing to the growth of the market.Ĭompetitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Moreover, the growing adoption of organic ice creams for preparing various shakes, smoothies, and sorbets is positively influencing the market. The rising popularity of organic ice creams represents one of the primary drivers resulting in the increasing sales of ice cream. The ice cream market has been experiencing continuous growth. Rising Popularity of Organic Ice Creams Stimulating Market Growth Looking forward, IMARC Group expects the market to reach US$ 94.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.14% during 2023-2028. The rising demand for organic ice creams among the masses, wide availability through various distribution channels, and the introduction of new flavors with numerous health benefits represent some of the key factors driving the market. The global ice cream market size reached US$ 70.6 Billion in 2022.
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