ReportsnReports.com adds Global Ice Cream Market 2016-2020 latest research report, analysts forecast the global ice cream market to grow at a CAGR of 4.59% during the period 2016-2020.This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Complete report on Ice Cream market is now available at http://www.reportsnreports.com/reports/524614-global-ice-cream-market-2016-2020.html.
One of the key drivers of the growth of the global ice cream market is the launch of new and innovative products. Vendors are coming up with new products to remain competitive and also to attract and retain consumers.
According to the ice cream market report, people with lactose intolerance are unable to digest lactose, a natural sugar present in milk. They usually experience problems such as bloating, diarrhea, and gas. Ice-cream manufacturers have formulated lactose-free ice cream products to cater to this niche market of lactose-intolerant consumers.
This report covers the present scenario and the growth prospects of the global ice cream market for the period 2016-2020. The market size and forecast provided in this report are calculated using the revenue from retail sales of ice cream.
Product Segmentation and Analysis of the Ice Cream Market – Impulse ice cream, Take-home ice cream and Artisanal ice cream
In 2015, the impulse ice cream segment dominated the market and accounted for a market share of close to 39%. Factors such as the desire to indulge in ice cream and the rise in demand for small portion snacking options are expected to drive the market in the future.
Geographical Segmentation and Analysis of the Ice Cream Market – APAC, MEA, America and Europe
During 2015, Europe dominated the ice cream market and accounted for more than 40% of the market share. The increasing demand for innovative premium products and the launch of several new flavors is expected to drive this market in the coming years. For instance, in 2015, Ledo ice creams launched 35 new flavors of ice cream in the Croatian market. Moreover, the rising demand for ice cream products from consumers above the age of 50 is another factor fuelling the growth of this market.
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The global ice cream market very dynamic in nature as it is subject to rapidly changing consumer preferences and demand. The market is highly fragmented because of the presence of a number of small and large vendors. The providers in the market compete in terms of product pricing, quality, innovation, service, reputation, and distribution. Therefore, to survive and succeed in this competitive environment it is imperative for the vendors to distinguish their product offerings through a unique value proposition.
Key players in the global ice cream market: Blue Bell Creameries, General Mills, Mars, Nestlé, Lotte Confectionary, and Unilever.
Other prominent vendors in the market are: Amul, Amy's Ice Creams, Bliss Unlimited, China Mengniu Dairy, Dean Foods, FrieslandCampina, Grupo Lala, Marina Ice Cream, Mikawaya, Oregon Ice Cream, Rich Ice Cream, So Delicious Dairy Free, Spoldzielnia Mleczarska Mlekovita, Three Twins Ice Cream, Tillamook, Vadilal, Weight Watchers International, and Yili Group.
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