Asia Pacific Ice Cream Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

Asia Pacific Ice Cream Market Definition:

Ice cream is a mixture of milk, cream, sugar and other ingredients that is frozen into a soft, creamy treat using special techniques. It usually contains stabilizers such as gluten and vegetable gum to give the mix a consistent texture. Ice cream also contains milk protein. Further, the Asia Pacific Ice Cream market is segmented by Type, Flavour, Distribution Channel, and geography. On the basis of type, the Ice Cream market is segmented under impulse ice cream, take-home ice cream, and artisanal ice cream. Based on the flavour, the Ice Cream market is segmented under vanilla, chocolate, fruit, and others. Based on the Distribution Channel, the Ice Cream market is segmented under the channels Online, supermarkets, convenience stores, and specialty stores.  By geography, the market covers the major countries in Asia Pacific i.e., India, China, Japan, Australia and Rest of Asia Pacific For each segment, the market sizing and forecasts have been done on the basis of value (in USD /Billion).

 

 

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Asia Pacific Ice Cream COVID 19 Insights:

During COVID-19, the international ice cream market was hit hard. The rules of social distance and the closure or blockage of many countries have disrupted the world's ice cream supply chain. the ice cream market suffered from supply chain disruptions that affected ice cream sales, primarily due to transportation and logistical restrictions on transportation. As a result, sales of ice cream products were affected.  The key players have saved the market. At the right time, major players launched additives and preservatives, genetic engineering, hormones, dairy products, and organic, fat-free, low-calorie ice cream. Therefore, this has helped re-grow the international ice cream product market.

 

Asia Pacific Ice Cream Market Dynamics:

Increasing demand for premium ice creams:

The international market shows certain trends in different regions. These trends include the introduction of dairy and gluten-free ice cream, cinnamon roll ice cream, and chewy corn choice crepes. And these trends are increasing day by day and are expected to offer more opportunities to manufacturers and key players during the forecast period. In addition, an increase in the number of craft ice cream parlors and increased consumer spending on high-end products guaranteed to produce desserts using natural ingredients and traditional methods are expected to boost the future market growth.

 

Increasing demand of vegan ice cream:

The vegan ice cream market is expanding due to the growing vegan population base around the world. Many people adopt the vegan lifestyle for ethical reasons and have health associated with vegan dietary intake, including vegan protein sources, vegan cheese, vegan eggs, vegan gelatin, vegan cakes, vegan butter, and other vegan foods. Raising awareness about the benefits of vegan recipes.

 

Ice cream products require high storage costs and logistics to maintain the required temperature of the product. The storage location must maintain a very low freezing temperature, which requires high energy consumption. These products must be shipped in specially designed vehicle components with state-of-the-art freezing capabilities, and these shipping requirements are enormously costly. These factors are also expected to slow market growth over the next few years.

 

Asia Pacific Ice Cream Market Segment Analysis:

By Type, the market is segmented to impulse ice cream, take-home ice cream, and artisanal ice cream. The Impulse Ice Cream segment is the most profitable segment in the international ice cream market due to its easy transport and growing popularity of Impulse Ice Cream around the world. This type of ice cream is in great demand, especially among children and adolescents.

 

By Flavours:  the market is segmented into vanilla, chocolate, fruit, and others. the vanilla segment dominates the market with the largest market share. This is due to the growing demand for vanilla ice cream. Vanilla ice cream is a traditional ice cream that people of all ages enjoy.

 

 

By Distribution Channel: the market is segmented into supermarkets, specialty stores, convenience stores, and online stores. Online distribution channels are the fastest-growing segment of the international ice cream market. This is due to the widespread use of the Internet and the increasing use of smartphones. In addition, online sales channels offer benefits such as discounts and free courier services.

 

Asia Pacific Ice Cream Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Asia Pacific Ice Cream market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Ice Cream market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Ice Cream Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Asia Pacific Ice Cream market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Ice Cream market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Ice Cream market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Asia Pacific Ice Cream market. The report also analyses if the Asia Pacific Ice Cream market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Ice Cream market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Ice Cream market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Ice Cream market is aided by legal factors.

 

Asia Pacific Ice Cream Market Scope:

Asia Pacific Ice Cream Market Scope
Market Size in 2023	USD 28.22 Bn.
Market Size in 2030	USD 41.60 Bn.
CAGR (2024-2030)	5.7%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Impulse Ice cream Take-home Ice cream Artisanal Ice cream
	By Flavour Vanilla Chocolate Fruit Others
	By Distribution Channel Supermarket Convenience stores Specialty stores Online stores
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

Asia Pacific Ice Cream Market Key Players: 

• Meiji Holdings Co. Ltd (Japan)
• Amul (India)
• Vadilal (India)
• Bulla Dairy Foods (Australia)
• Morinaga Milk Industry (Japan)
• Yili group (China)
• Cold rock ice creamery (Australia)
• Creambell (India)