26 September 2018 -
China Ice Cream Market revenue is expected to reach USD 22.7 billion by 2025, exhibiting a significant growth over the forecast period. China is one of the largest consumers of ice cream and other confectionery products across the globe. Factors such as increasing consumer spending on food & confectionery items and increasing willingness for desserts are predicted to boost growth. In addition to this, the per capita consumption is relatively low which is therefore providing abundant of opportunities for further Chinese ice cream industry expansion.
China Ice Cream Market revenue is expected to reach USD 22.7 billion by 2025, exhibiting a significant growth over the forecast period. China is one of the largest consumers of ice cream and other confectionery products across the globe. Factors such as increasing consumer spending on food & confectionery items and increasing willingness for desserts are predicted to boost growth. In addition to this, the per capita consumption is relatively low which is therefore providing abundant of opportunities for further Chinese ice cream industry expansion.
Frozen desserts and ice creams are seasonal-sensitive
categories. The market is projected to record upsurge in confectionery and
frozen desserts consumption levels over the approaching years. The increasing
consumption of frozen desserts is attributed to the changing taste preference
of consumers towards ice cream and other dessert categories. The factors such
as affordable prices, availability of varied taste options, familiar
ingredients, introduction of varied flavors and availability of small packs of
ice creams are projected to evolve the China ice cream market demand during the
forecast period.
Health-related concerns along with the low consumption of
ice cream, when compared to the other regions across the globe, is expected to
be a major restraint, hampering the growth of the market over the forecast
period. However, the large population size of the country and growing interest
of people in frozen desserts is likely to contribute to higher consumption
rates in the near future. Rapid growth in consumption of the dairy product is
one of the crucial factor fueling the ice cream consumption in China. The
speedy change in consumption patterns amongst the consumers is possibly
expected to create new growth opportunities for frozen desserts in the country.
The speedy growth of the Chinese GDP is probably to
intensify the purchasing power of the consumers. Moreover, rapid urbanization
is increasingly evolving consumer preferences and habits. The market growth in
the country is attributed to the innovations in ice cream flavors and variety
of offerings and customizations provided by the vendors functioning in the
Chinese ice cream industry. The presence of local and private label brands in
the area is forcing the demand by offering ice creams at lower prices. The
development of private-label retail brands is contributing to the expansion of
ice cream industry.
The industry participants are undertaking many mergers and
acquisitions and launching innovations in the product to boost the performance
of the company. For instance, several ice-cream companies are manufacturing
lactose-free ice creams to cater to the demand of lactose-intolerant consumers,
as consumption of lactose causes many problems such as diarrhea, gas, and
bloating. The availability of lactose-free ice cream is probable to enhance the
market growth. Furthermore, low customer loyalty and shifting consumer habits
in the industry are providing growth prospects for the new entrants. The
companies are experiencing various mergers and acquisitions with domestic
companies to reach untouched regions in the country.
Some of the key vendors operating in the China ice cream
markets involves of Unilever, Nestle, Meiji Holdings Co., Ltd., Chinatown Ice
Cream Factory, YILI.COM INC. And General Mills Inc. The Chinese ice cream
industry has a fragmented landscape with the presence of a large number of
small and few well-established players in the market.
Hexa Research has
segmented the China ice cream market report based on type and distribution
channel:
Segmentation by
Type, 2015 - 2025 (USD Billion)
• Artisanal
• Impulse
• Take-Home (family packs)
• Artisanal
• Impulse
• Take-Home (family packs)
Segmentation by
Distribution Channel, 2015 - 2025 (USD Billion)
• Hypermarkets, supermarkets & Convenience stores
• Specialist retailers
• Others
• Hypermarkets, supermarkets & Convenience stores
• Specialist retailers
• Others
Key players
analyzed
• Unilever
• Nestle
• Meiji Holdings Co., Ltd.
• YILI.COM INC.
• General Mills Inc.
• Unilever
• Nestle
• Meiji Holdings Co., Ltd.
• YILI.COM INC.
• General Mills Inc.
Browse Related Category Market Reports@ https://www.hexaresearch.com/research-category/food-and-beverages-industry
About Us:
Hexa Research is a market research and
consulting organization, offering industry reports, custom research and
consulting services to a host of key industries across the globe. We offer
comprehensive business intelligence in the form of industry reports which help
our clients obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - https://www.hexaresearch.com
No comments:
Post a Comment