Global Impulse Ice Cream Market Size to Grow at a CAGR of 5.70% in the Forecast Period of 2023-2028
Impulse Ice Cream Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.70%
The increasing desire for reasonably priced ice creams and ice lollipops that are ready for immediate consumption is fuelling the rise of the impulse ice cream market. However, a main challenge impeding the expansion of the market for impulse ice creams is their storage. Due to the prominence of supermarkets and hypermarkets as one of the focal areas for the purchase of groceries due to the variety of schemes and offers access to customers purchasing the products in bulk, this segment held the largest share in the market for impulse ice cream during the historical period.
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During the forecast period, the demand for impulse ice cream is anticipated to increase around the world due to the high availability of many ice cream flavours and consumers' rising spending on high-quality indulgence delicacies. Further, it is anticipated that over the coming years, the market demand for impulse ice cream among consumers around the world would be further fuelled by the increasing focus on producing low cost impulse ice cream products. Factors such as accelerated technological advancements in terms of cold chain infrastructure, commercial refrigerators, and freezing equipment are creating a positive outlook for the impulse ice cream market.
Impulse Ice Cream Industry Definition and Major Segments
Single serving ice cream variants are considered 'impulse ice creams' and are designed to appeal to impulsive purchasing inclinations. These can comprise of dairy-based ice creams such as ice cream sandwiches, chocolate-covered ice cream, and ice cream tubes, and water-based ice creams such as ice-lollies. In many economies, they are largely promoted as single-service products.
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Based on end use, the market is segmented into:
• Food Service
The market on the basis of distribution channels is divided into:
• Hypermarkets and Supermarkets
• Speciality Stores
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Impulse Ice Cream Market Trends
Major producers are concentrating on creating novel, flavourful, healthy, and inexpensive products in order to preserve their market leadership in the global market for impulsive ice cream. Businesses are also focusing on the product's functional and ecological packaging in an effort to attract buyers. Availability of individually packaged impulse ice cream in bulk is a growing trend in the market, enabling consumers to purchase in higher volume and store at home for on-demand consumption.
Asia Pacific held the largest share in the market in the historical period. The Asia Pacific impulse ice cream market is expanding as a result of the rising ice cream demand owing to the region's favourable weather conditions for enjoying ice creams. The enormous population in nations like China and India, along with consumer preferences shifting toward healthier options, as well as an increase in the consumption of instant or ready-to-eat goods like ice lollipops made of water-based, all-dairy impulse ice cream, is further boosting the development of the impulse ice cream market in the Asia Pacific region.
Key Market Players
The major players in the global impulse ice cream market report are
• Unilever plc
• Nestle S.A.
• Turkey Hill Dairy
• General Mills, Inc.
• IFFCO Group
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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