The global Ice cream market was estimated to be USD 52.5 million in 2015. The United states, New Zealand, Australia, Denmark, Belgium and China dominate the global ice cream market in terms of consumption.
In the organized market, Unilever remains dominant globally. In 2015, Unilever held 22.8% share of the global ice cream market. It is projected that the global ice cream market will be worth more than USD 31 billion by 2020. The market is witnessing a slow but steady year-on-year growth from the past few years and the trend is expected to continue in the coming years.
The ice cream market in India is estimated to be over INR 4,000 crores, and is growing at a rate of 15-20% year-on-year. It is projected that by 2019, the market will reach around INR 6,198 crores.
The ice cream industry is a seasonal industry and bulk of the retail sales take place in the summer period. In this fragmented industry, there are over 10,000 players in the country. In the organised segment, Amul is the leading player and holds close to 32% of the market share followed by Vadilal Industries. Other large players in the sector include Hindustan Unilever, Mother Dairy, Havmor and Nestle.
China's ice cream market has been witnessing a steady growth over the past several years. In 2010, the market volume of ice cream in the country amounted to approximately USD 4.07 billion and this is projected to reach USD 6.65 billion by 2016. In 2014, China consumed approximately one third of the ice cream bought globally and surpassed the United States as the largest consumer. Key players in the market include Yili, Walls, Mengniu and Nestlé.
Key Topics Covered:
1. Global Ice Cream Market
2. India Ice Cream Market
3. China Ice Cream Market
4. Competitive Landscape
5. Industry Leader's Opinion
6. List of Charts and Graphs
7. Research Methodology
- Amul (Gujarat Cooperative Milk Marketing Federation)
- General Mills
- Hindustan Unilever
- Inner Mongolia Yili Industrial Group
- Mother Dairy
- Vadilal Industries Ltd
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Related Topics: Ice Cream
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SOURCE Research and Markets