As per current published report by Markntel Advisors the Ice Cream Market is estimated to grow at a CAGR of around 6.52% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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GCC Ice Cream Market Driver:
Growing Demand for Gluten and Lactose Free Food products – Over the years, the increasing prevalence of lactose intolerance in the GCC region has led to a shift in consumer preferences, with more people prioritizing their health and well-being by becoming increasingly conscious of their dietary choices. This change in consumer food habits led to the demand for lactose-intolerant food products including snacks, and cooling beverages. To capture the attention of this growing segment, various food & ice cream manufacturer, made significant changes in their product formulations. For instance, in 2020, Brooklyn Creamery launched chocolate-covered ice cream bars with low-fat and lactose-free characteristics without artificial colours. Furthermore, as ice cream manufacturers establish separate production lines for gluten and lactose-free ice cream to meet the expected surge in demand, this proactive approach is poised to drive the growth of the ice cream market in the GCC region in the upcoming years.
The Ice Cream Market has segmented the market into the following categories:
By Product Type
(Impulse Ice Cream, Take Home Ice Cream, Artisanal Ice Cream, Single Portion Dairy Ice Cream),
By Flavor
(Mango, Chocolate, Vanilla, Others (Strawberry, Butterscotch, etc.)),
By Format
(Cup, Stick, Bricks, Cones, Others (Sandwich, Tubs, etc.)),
By Sales Channel
(Offline, (Supermarkets & Hypermarkets, Convenience & Grocery Store, Brand Owned Outlets, Ice Cream Carts, Others (Vending Machines, etc.)), Online)
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By Region
– The UAE
– Saudi Arabia
– Qatar
– Kuwait
– Oman
– Bahrain
Competitive Environment Featuring Key Players:
Dunkin Brands, Inc., General Mills, Inc., Mini Melts Inc., Nestle SA, IFFCO Group, Mars Incorporated, Graviss Group, Unilever Group, Saudi Ice-Cream Factory Ltd, Saudi Dairy & Foodstuff Co Ltd, Others (Batterjee Foodstuffs Factory, Cone Zone Co)
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-Market segmentation based on both economic and non-economic characteristics, analyzed both qualitatively and quantitatively
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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
-Comprehensive company profiles for the main market players that include a company overview, company insights, product benchmarking, and SWOT analysis
-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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