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Ice Cream Market Size to Reach USD 95200 Million by 2027 at a CAGR of 4.9% | Valuates Reports

08-11-2021 03:02 PM CET | Fashion, Lifestyle, Trends

Press release from: Valuates Reports

Ice Cream Market Size to Reach USD 95200 Million by 2027 at a CAGR

The global Ice Cream market size is projected to reach USD 95200 Million by 2027, from USD 67940 Million in 2020, at a CAGR of 4.9% during 2021-2027.

The ice cream market is highly fragmented with the top 3 players occupying about 25% shares of the global Ice Cream market.

Major factors driving the growth of the ice cream market are:

• The proliferation of retail ice cream outlets along with increasing disposable income is also anticipated to exhibit a positive impact on the ice cream market.

• Significant dairy sector expansion, rising convenience food demand, and expanding product premiumization are all contributing to higher ice cream consumption in the coming years. Due to the presence of high-quality ingredients and less aeration than conventional ice creams, premium ice creams have become a popular product among health-conscious consumers.

View Full Report: https://reports.valuates.com/reports/QYRE-Auto-16N571/global-ice-cream

TRENDS INFLUENCING THE GROWTH OF THE ICE CREAM MARKET

• Continuous Innovation in the ice cream industry is expected to drive the growth of the market. Market participants' growing interest in fortification and the addition of beneficial ingredients may encourage consumers to select the product as a healthy snack option. This in turn is expected to drive the growth of the ice cream market.

• Rising Expenditure on R&D and Digitalization to Drive Growth. The rising expenditure by prominent players on the research and development of innovative products is anticipated to positively impact the market growth.

• Furthermore, the availability of various flavored ice creams in modern retail formats such as departmental stores, hypermarkets, supermarkets, and convenience stores is also driving the market growth.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-16N571/Global_Ice_Cream_Market

ICE CREAM MARKET SHARE

Based on region, Europe and North America are the main markets, they occupy about 55% of the global market. Commercial and Residential are two main applications.

Based on type, the Soft Ice Cream segment is expected to hold the largest market share of about 80%.

ICE CREAM MARKET SEGMENTATION

By the product type, the market is primarily split into

• Soft Ice Cream
• Hard Ice Cream.

By the end users/application, this report covers the following segments

• Commercial
• Residential.

Inquire for regional: https://reports.valuates.com/request/regional/QYRE-Auto-16N571/Global_Ice_Cream_Market

Key Companies

• Unilever
• Nestlé
• Lotte Confectionery
• Dean Foods
• General Mills
• Mars
• Yili Group
• Morinaga
• Meiji
• Mengniu
• Turkey Hill
• Blue Bell Creameries
• Amul.


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Similar Reports:

1. Ice cream machine market: https://reports.valuates.com/market-reports/QYRE-Auto-17109/global-ice-cream-machine

2. Soft ice cream machines market: https://reports.valuates.com/market-reports/QYRE-Auto-5172/global-soft-ice-cream-machines

3. Hard ice cream machines market: https://reports.valuates.com/market-reports/QYRE-Auto-29Y52/global-hard-ice-cream-machines

4. Non dairy ice cream market: https://reports.valuates.com/market-reports/QYRE-Auto-7M1107/global-non-dairy-ice-cream

5. Organic ice cream market: https://reports.valuates.com/market-reports/QYRE-Auto-9R3334/global-organic-ice-cream

Valuates Reports
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