Press release
Organic Ice Cream Market Worth USD 1.2 Bn By 2024
Shifting standard of living leading to increased spending on food products will drive the organic ice cream market. Development in the storage and transportation facilities along with technological advancement in the refrigerators and cold chain infrastructure will drive the demand.
Expansion in the overall ice cream and retail industry has positively influenced the product demand. Stringent food safety regulations along with regulatory compliance for the organic products will propel the business growth. High consumer acceptance of numerous multinational brands with superior quality products will fuel the organic ice cream market.
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High prices and limited availability of the natural based raw materials are the key restraining factors of the industry growth. However, evolution of the non-diary raw materials including almond and coconut milk will provide positive outlook for the product demand.
Take home dominated the product segment accounting for more than 50% of the overall organic ice cream market share in 2016. High consumer demand for the family packs due to its multi serving convenience in several occasions has propelled the industry demand.
Impulse organic ice cream market is the fastest growing segment accounting for more than 22% of the industry share in 2016. Global economic development has led to increase in consumer purchasing power. Ease in consumption, handling along with low refrigeration requirements enhanced the product penetration particularly in the rural regions.
Whole milk accounted for more than 22% of the industry in 2016. Increasing utilization of whole milk as basic ingredient by several manufacturers will stimulate the industry growth. Regulatory support and promotions for whole milk products will further support the product demand.
Vanilla accounted for over 29% of the organic ice cream market share in 2016. Increasing consumer preference for natural and pure ingredients have encouraged global food manufacturers to use pure vanilla.
Global organic ice cream market was dominated by on trade distribution channel accounting for more than 60% in 2016. Expansion in the restaurants, parlors and hotels along with increasing demand for deserts after the meal will drive the industry growth.
Paper & board packaging accounted for more than 43% of the overall industry share in 2016. Development of innovative products and cost-effective packaging solutions including tub, bag and wrapper to influence customers will propel the industry growth. Tub is anticipated to witness significant gains owing to easy to carry and enhanced volume storage properties over the forecast period.
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North America organic ice cream market is anticipated to value over USD 0.5 billion by 2024. Presence of multinational companies offering branded products at low prices had enhanced the product demand. Rising consumer health awareness coupled with increasing prevalence of diabetics & heart diseases are the key factors driving the industry growth.
Global organic ice cream market is highly fragmented due to presence of numerous domestic manufacturers. The major industry players include So Delicious Dairy Free, Friesland Campina, Mars, Nestle, Blue Bell, China Mengniu Dairy, Dean Foods, Grupo Lala, Tillamook, Weight Watchers International and Bliss Unlimited.
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