Organic Ice Cream Market to hit $1.2bn by 2024
Published Date: June 19, 2017 Author: Global Market Insights, Inc.
Organic Ice Cream Market size is estimated to hit USD 1.2 billion by 2024; according to a new research report by Global Market Insights, Inc.
Increasing consumer preference for nutrient rich ice cream due to rising prevalence for healthy lifestyle will drive organic ice cream market size. Presence of naturally processed sweeteners and preservatives will remain key factors stimulating product demand.
Rising product adoption for preparing smoothies, sorbets, and shakes will enhance organic ice cream market penetration. Growing preference for homemade ice cream due to its natural content will fuel artisanal ice cream market growth. The segment will surpass USD 350 million in revenue by 2024.
Take home dominates the overall product demand and accounted for over 50% of industry share in 2016. Rising demand from families for multi serving frozen food items providing improved ease of handling in occasions and gatherings will propel demand.
Impulse product will observe over 3.5% growth up to 2024. Rising economies with an upsurge in consumer purchasing power coupled will drive demand. Sandwiches, snow lollies, popsicles, and cones are key revenue generating product type.
Whole milk accounted for over 22% of the overall ingredient segment in 2016. Increasing whole milk usage as an ingredient for product due to growing preference for fat free products will propel demand.
Limited material availability at premium price will impact organic ice cream market profitability. Emergence of non-dairy ice creams with naturally processed coconut and almond milk will open new opportunities for industry growth.
Browse key industry insights spread across 270 pages with 415 market data tables & 12 figures & charts from the report, “Organic Ice Cream Market Size By Product (Artisanal, Impulse, Take Home), By Ingredient (Whole Milk, Skimmed Milk, Cream, Sweetening & Flavoring Agent), By Flavor (Vanilla, Chocolate, Butter Pecan, Strawberry, Coffee, Black Raspberry, Mint Chocolate Chip), By Distribution Channel (On Trade, Hypermarket & Supermarket, Food & Drink Specialists, Convenience Stores), By Packaging (Paper & Board, Rigid Plastics, Flexible Packaging), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Denmark, Sweden, Ireland, Finland, Russia, Norway, China, India, Japan, South Korea, New Zealand, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Vanilla flavor accounted for more than 29% in the overall organic ice cream market share in 2016. Rising consumer awareness regarding pure and natural ingredients have propelled food manufacturers to use pure vanilla in recent times.
Chocolate industry expansion owing to increasing awareness associated to natural cocoa will drive demand in this segment. Mint chocolate, butter pecan, strawberry, and black raspberry are among the key revenue contributing flavors.
Among several key distribution channels, on trade holds largest industry share with over 60% of the overall demand. Shifting preference to consume product before or after meals along with increase in number of local restaurants, hotels and product parlours will fuel industry growth.
Paper & board packaging accounted for over 43% in 2016, attractive packaging at competitive price is among the key factor fuelling demand in this segment. Rigid plastics packaging will witness highest gains over the forecast period. Superior properties including improved impact strengthen along with attractive decorative and see through prints for labelling will propel demand.
U.S. organic ice cream market will generate over USD 500 million in revenue by 2024. Large presence of domestic producers coupled consumer preference for organic products even at premium price will positively influence regional industry growth.
Australia, New Zealand, U.S., Sweden, Denmark, and Italy are among the highest per capita/ litre consuming countries. New Zealand and Australia witnessed around 28 and 18 per capita ice cream consumption in 2015.
Global industry share is at nascent stage with Nestle, Lotte Confectionary, Weight Watchers International, Mars, Tillamook, Blue Bell, So Delicious Dairy Free, Dean Foods, Amul, Unilever and Mikawaya being the major industry players.
Organic ice cream market research report includes in-depth coverage of the industry with estimates & forecast of volume in Kilotons, revenue in USD million from 2013 to 2024, for the following segments:
Organic Ice Cream Market, By Product
- Artisanal ice cream
- Impulse ice cream
- Take home ice cream
Organic Ice Cream Market, By Ingredient
- Whole milk
- Skimmed milk
- Sweetening & flavoring agents
- Others (Egg, stabilizers, emulsifiers, water based ice cream ingredient)
Organic Ice Cream Market, By Flavor
- Butter pecan
- Black raspberry
- Mint chocolate Chip
- Others (Chocolate Raspberry, Coconut Almond, Vanilla Fudge Ripple)
Organic Ice Cream Market, By Distribution Channel
- On trade
- Hypermarket & supermarket
- Specialists food & drink retailers
- Convenience stores
- Others (Dollar stores, Vending machines, duty free shops)
Organic Ice Cream Market, By Packaging
- Paper & board
- Rigid plastics
- Flexible packaging
The above information has been provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- New Zealand
- Latin America (LATAM)
- Middle East and Africa
- Saudi Arabia
- South Africa