Ice Cream Ingredients Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 18.7 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global ice cream ingredients market was valued at approximately USD 23.8 billion in 2022, with a compound annual growth rate (CAGR) of 5.4% projected from 2023 to 2028. This growth is driven by the increasing consumer preference for diverse and premium ice cream flavors, as well as innovations in ingredient formulations that cater to health-conscious and dietary-specific needs. Additionally, the rising popularity of plant-based and organic ice creams is contributing to the expansion of the market. The North American region holds a significant share, but there is notable growth in emerging markets across Asia-Pacific, where increasing disposable incomes and urbanization are fueling demand for varied ice cream products.
Opportunity analysis indicates that there is substantial potential in developing countries where the ice cream sector is experiencing rapid growth. These emerging markets offer lucrative prospects due to expanding middle-class populations and changing consumer preferences towards indulgent and novel ice cream flavors. Moreover, advancements in freezing technologies and ingredient innovation are creating new avenues for market expansion. Companies focusing on sustainable and eco-friendly ingredient sourcing are also likely to gain a competitive edge in these burgeoning markets, capitalizing on the growing trend towards environmental responsibility and health-conscious consumption.
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Denali Ingredients
DÖHLER
HB Ingredients
Kerry
Puratos
Zeelandia
AGRANA
Frulact
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Ice Cream Ingredients Market
Dairy-based Ice Cream
Dairy Alternative Based Ice Cream
Based on Types the Market is categorized into Below types that held the largest Ice Cream Ingredients market share In 2023.
Chocolates
Fudges
Caramels
Peanut Butters
Marshmallows
Fruits
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Ice Cream Ingredients Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ice Cream Ingredients Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ice Cream Ingredients Market, By Type
6. Global Ice Cream Ingredients Market, By Application
7. Global Ice Cream Ingredients Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Ice Cream Ingredients Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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