Market Study
Market Research Future (MRFR) studied the global artisanal ice cream market 2021 through the analysis period till 2025. As per MRFR study, the artisanal ice cream market is expected to rise at 5.95% CAGR in the study tenure (between 2019 and 2025). By 2025, the artisanal ice cream market value is likely to touch USD 4,505.3 Bn.
The shift in preference of consumers for fruit-flavored ice cream is expected to underpin the expansion of the artisanal ice cream market. The increasing demand for artisanal ice cream owing to changes in living standards and increase in urban lifestyle can support expansion of the market. The ongoing snacks trend among the young population and the increase in the popularity of artisanal ice cream among them can add to the market upsurge. On the contrary, high price of artisanal ice cream and rise in health issues, such as; diabetes, are expected to pose threat to the growth of the market. However, the increase in consumer base for artisanal ice cream as healthier snack can mitigate the surfacing issues.
Key Players
Suppliers in the artisanal ice cream industry are focused on improving their global ranking, thus are striving to enter regions with untapped business potential. Key players are introducing new flavors to improve their product portfolio, thereby contributing to create global presence. Some top brands are known to acquire smaller sized companies to create brand awareness across multiple locations and garner a bigger share in the global artisanal ice cream market. Jeni's Splendid Ice Creams LLC. (US)Bi-Rite (US), Gelato & Co (Italy), , Graeter’s Inc. (US), McConnell's Fine Ice Creams (US)Van Leeuwen (US), ROGUEICECREAM (UK), , Gelato & Latte Este (Bulgaria), Lackey's Artisan Ice Cream (US), and The Saffron Ice Cream Company (UK) are some key players in the artisanal ice cream market.
Market Segmentation:
The segment analysis of the Artisanal Ice Cream Industry is based on distribution channel and type. The type-based segments of the Artisanal Ice Cream Industry are lactose-free and conventional. The conventional artisanal ice cream segment can earn around USD 3,694.6 Mn by 2025. At the same time, the lactose-free segment is expected to register the market expansion in the near future. The fastest-pace growth rate of the lactose-free segment is due to its high sales in Europe and North America regions with a large pool of lactose-intolerant people.
The global artisanal ice cream market’s segment analysis comprises supermarkets and hypermarkets, online, and specialty stores. Key distribution channels considered in the market study are specialty stores, online and supermarkets & hypermarkets. The supermarkets & hypermarkets segment is anticipated to secure share of about 20.14% of the global market share. MRFR finding suggests that the artisanal ice cream market is expected to surge at 6.14% CAGR in the study period. The market segment of specialty stores owing to the need for better shopping experience. The online segment is likely to rise at high pace owing to the increasing demand for online purchase. The online segment is likely to surge at 6.34% CAGR by 2025.
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Regional Analysis
In Europe, the artisanal ice cream market is expected to secure decent share of the global market at 34.93% by 2025. As per MRFR data, the UK is identified as prime contributor to the regional market, following Germany. The artisan ice cream market in the UK is likely to generate considerable revenue for the market in the years to come. The surge in number of artisanal ice cream manufacturers in the country that are actively involved in deploying expansionism strategies to capture a higher customer base by the introduction of new, nutrient ingredients-infused artisanal ice creams can favor the EU market.
In Asia Pacific, the Artisanal Ice Cream Industry is likely to rise at 6.53% in the analysis period from 2019 to 2025. By 2025, rapid urbanization and hike in income of middle-class population can favor APAC Artisanal Ice Cream Industry in the year to come. The inclination towards a variety of frozen desserts and surge in their consumption rate can can favor Asia Pacific Artisanal Ice Cream Industry upsurge. The market in China, New Zealand and Australia can register considerable growth pace in the foreseeable future.
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