The global artisanal ice cream market size is expected to reach USD 9.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. Increasing desert consumption and rising adoption of natural and organic sweet dishes are projected to remain prominent trends in the market.
Growing
lactose intolerant population is contributing to the increased demand for
artisanal ice cream. Therefore, lactose-free ice cream allows user to enjoy
these products without any intolerance or allergies. Moreover, the focal point
lies on aesthetics and flavors. Therefore, companies often use pestle colors
for packaging that expresses flavor and creates an appetite. For instance, in
2017, Van Leeuwen witnessed a 50% increase in its sale post its product
redesigning and packaging.
Furthermore,
key players in the market focus on innovative flavors as their new product
development strategy. These innovative yet healthy defined flavors are
introduced to gain wider acceptance of consumers. For instance, in May 2018,
Taj West End introduced aam-panna ice cream flavor in the IPL catering for
cricket players and VIPs.
Moreover,
The Oberoi (Bangalore) serves South-Indian flavor ice cream to the city
dwellers consisting of coffee, jaggery, and jamun with activated charcoal. In
addition, in January 2019, Eden Creamery LLC., manufacturer of low-calorie ice
cream brand Halo Top, has expanded their product line to non-dairy ice
cream. The brand exhibits flavors such as peanut butter, chocolate hazelnut,
and mint fudge cookie. The product is manufactured with coconut milk and
contains less calories and more proteins.
Hypermarket
and supermarket is anticipated to witness the highest growth in the coming
years on account of the availability of a wide variety of products and
convenience factor. Prominent brand of ice creams are easily located on the
shelves of supermarket as well as hypermarket.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/artisanal-ice-cream-market
Artisanal Ice
Cream Market Report Highlights
- By distribution channel, specialty stores
dominated the global market with a share of 35.9% in 2018. Hypermarket and
supermarket is projected to ascend at a CAGR of 7.4% from 2019 to 2025
- North America dominated the global artisanal ice
cream market in 2018, accounting for 41.4% share
- Asia Pacific is expected to expand at the fastest
CAGR of 8.1% from 2019 to 2025 owing to increasing consumption of premium
ice cream in countries such as India and China
- The industry is highly competitive in nature with
the main players including Unilever, Nye’s Cream Sandwiches, Van Leeuwan,
Nestlé, BI-RITE FAMILY OF BUSINESSES, Carmel, Ice Cream, and Toscanini’s.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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