Ice Cream Craving Cools Down $50 Billion Market with Sweet Growth

Novelty & Health Trends Drive Demand for Specialty Ice Cream Ingredients

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, June 17, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Ice Cream Ingredients Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028,” The global ice cream ingredients market size was valued at US$ 50.1 billion in 2020 and is projected to reach $ 93.5 billion by 2028, growing at a CAGR of 8.5% during the forecast period.

▶ 𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/A13619

💡𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐎𝐟𝐟𝐞𝐫 𝐀𝐥𝐞𝐫𝐭! 🚀 𝐆𝐞𝐭 𝐚 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐍𝐞𝐱𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐁𝐮𝐲 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐥𝐢𝐦𝐢𝐭𝐞𝐝-𝐭𝐢𝐦𝐞 𝐨𝐟𝐟𝐞𝐫. 🛍️

The consumption of ice cream is on the rise globally, driven by specialty ice cream parlors, fast-food chains, and the snackification trend. Innovative and unique eating experiences, utilizing different ingredients and flavors, are emphasized by manufacturers in the ice cream industry. According to a 2019 report by DPO International, the global ice cream market was valued at US$57.9 billion in 2018, projected to reach US$84.9 billion in the next five years.

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

• Manufacturers focus on developing novel products to meet trends such as low-sugar milk fat, lactose-free solid-not-fat (SNF), sweeteners, and others.

• Rising disposable incomes, improved standards of living, and increased spending capacity contribute to higher per capita consumption of ice cream, especially impulse ice cream.

According to the report published by the DPO International 2019, the global ice cream market size was valued at US$ 57.9 billion in 2018 and was expected to reach US$ 84.9 billion over the next 5 years. Thus, the ingredient manufacturers are intensively focusing on developing and offerings novel products to meet the growing innovative ice cream ingredients market trends such as low-sugar milk fat, lactose free SNF (solid-not-fat), sweeteners, and others.

📍𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭 𝐔𝐬𝐚𝐠𝐞

• Milk fat, milk-solid-not-fat, and sweeteners are key ingredients used in significant quantities.

• Manufacturers strengthen their capabilities to meet the global demand for ice cream ingredients.

📍𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐬:

• Increasing consumer concerns over health and the environment lead to a growing demand for organic ice cream globally.

• The popularity of ice cream is rising in developing economies, contributing to the growth of the ice cream ingredient market in the dairy sector.

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

• The emergence of ice cream manufacturers and their demand for novel formulations contribute to the growth of the ice cream ingredients market.

• Variants of ice cream ingredients are required for convenient quick snacks, such as ice cream bars, sandwiches, ice-lollies, cones, cups, and sticks.

• Demand for high-fat ice cream and specialty ice cream drives the need for innovative offerings in the ideal composition.

• Increasing demand for impulse and take-home ice cream is expected to fuel the demand for varied ingredients in the global ice cream ingredients market.

Ice cream ingredients market growth is expected to rise due to increase in the emergence of ice cream manufacturers and their demand for novel formulations. Convenient quick snacks, such as ice cream bars, sandwiches, ice-lollies, cones, cups, and sticks require variants of ice cream ingredients. The demand for high fat ice cream and specialty ice cream have necessitated the ice cream ingredients manufacturers to develop innovating offerings for ice cream in the ideal composition. The rise in the demand for impulse and take-home ice cream is further expected to proliferate the demand for varied ingredients in the global ice cream ingredients market.

▶ 𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 : https://www.alliedmarketresearch.com/connect-to-analyst/A13619

📍𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐜𝐞 𝐜𝐫𝐞𝐚𝐦 𝐢𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 :

• Fonterra Co-Operative Group Limited
• BASF SE
• Tate & Lyle
• Cargill
• Incorporated
• Royal FrieslandCampina N.V.
• California Dairies, Inc.
• Dairy Farmers of America
• Grassland Dairy Products Inc.
• Westland Milk Products (yili Group)
• Hilmar Ingredients

📍𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

– On the basis of type, the dairy solids segment accounted for the highest market share in 2020, growing at a CAGR of 7.4% and milk-solid-not-fat was the fastest growing type with a CAGR of 10.5% between 2021 and 2028.

– On the basis of application, the impulse ice cream industry accounted for about 45% of market share in 2020. However, the artisanal ice cream category is expected to grow at a higher CAGR of 9.5% during the ice cream ingredients market forecast period.

– On the basis of region, Asia-Pacific accounted for about 40% of the market by share and is expected to grow at a CAGR of 9.2% during the forecast period.

▶ 𝐁𝐔𝐘 𝐍𝐎𝐖 : https://www.alliedmarketresearch.com/checkout-final/3b5636013a5beb576a048609e09d62e6

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

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