APAC Ice-Creams & Frozen Desserts Market Aggression on Display Is Thoroughly Surprising
According to the market research report “APAC Ice-creams & Frozen Desserts Market: Type (Ice-cream, Gelato, Frozen Custard, Frozen Yoghurt, Frozen Novelties, Sorbet) Channel (Supermarket/Hypermarket, Convenience Store, Department Store, Specialty Shop, Mobile Vendor)-Forecast (2017-2022)”, published by IndustryARC, estimates next five years will also see more rivalry from foodservice.
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Ice-creams & Frozen Desserts in both the sectors are much more substantial in the former. The ice cream sector consists of both take home products such as large tubs and multipacks, as well as wrapped impulse products designed to eat on-to-go.
Premiumisation was an important trend in the category in the late 2016, with consistent investments made with high end ingredients, sophisticated packaging and a wide variety of flavors.
Consumers demonstrate growing interest in products with premium positing not only in bulk ice cream, but also in single portion ice creams. Frozen ice cream is the most preferred, globally.
A large number of frozen dessert industry trends are available in the market, with most being region specific products.
Scope & Regional Forecast of the APAC Ice-creams & Frozen Desserts Market
While ice cream industry trends have clearly revealed that ice cream and frozen desserts usage rates have seen some flourished over the last several years in terms of percentage of total households using them. One ice cream market segment showing a definitive increase has been that of non-dairy frozen desserts.
These non-dairy frozen desserts are made of plant-based natural’s ice cream products that use milk from coconuts, avocados, cashews, bananas, almonds,., as alternatives to dairy milk. There have been soy and rice-based frozen desserts on the market for years.
But just as in the fluid milk market, these have lost ground to the newer arrivals.
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The ice cream and frozen dessert market are mainly driven by increasing disposable incomes, the inclination of teenagers towards these products and growing habits of outside dining. Even though the dried, frozen marketing is increasing at a significant rate, there are few factors that are restricting the market.
These things include increasing health concerns among consumers, leading to lower consumption of fat and chilled products. The market has a good opportunity in the snacks market.
Low fat healthy frozen desserts and ice-creams, and the innovation products in a variety of flavors and regional are the rising popularity tastes into the market.
The dessert industry analysis says that there is enough room for growth, but given the proliferation of small brands and the growing customer preference for local labels, it is becoming imperative that brands put up a strong fight for their turfs. Asia-Pacific exhibits higher growth due to increasing investments in new product launches from major players and diversification in terms of unit process.
With the help of distribution channels like supermarket, hypermarkets, convenience stores, kiosk, and mobile vendors, the market focus on the major economies of China, Japan, India, Australia, and South Korea.
Segmentations & Key Players Involved in the APAC Ice-creams & Frozen Desserts Market
The APAC Ice-creams & Frozen Desserts Market can be broken down into various segmentations on the basis of -
- Type: Ice-cream (Preference for premium ice-cream products increasing owing to higher disposable incomes), Demand for natural ice-cream exhibits high growth, Gelato (Gelato having low fat content exhibit increase in consumption), Frozen Custard, Frozen Yoghurt (Consumption set to grow owing to perceived health benefits), Frozen Novelties and Sorbet and others
- Channel: Supermarkets/Hypermarkets (Supermarkets and hypermarkets are the major retail channels in mature markets), Convenience Stores, Department Stores, Kiosk, Specialty Ice-cream shops (International players are opening more franchises in Tier 1 and Tier 2 cities in emerging markets), Mobile vendors (Mobile vendors have deeper penetration in emerging APAC markets such as India, Uber recently launched ice-cream delivery services in India and Australia) and Others
- Geography: China, Japan, Australia, South Korea and Others
Some of the key players involved in the APAC Ice-creams & Frozen Desserts Market are as follows:
- Bulla Dairy Foods
- Ezaki Glico Co ltd
- General Mills Inc.
- Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2017 - 2022, to assess how the market will develop.
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