UK markets close in 1 hour 20 minutes
  • FTSE 100

    7,230.87
    +26.32 (+0.37%)
     
  • FTSE 250

    22,977.75
    +46.09 (+0.20%)
     
  • AIM

    1,229.61
    -4.58 (-0.37%)
     
  • GBP/EUR

    1.1850
    +0.0050 (+0.42%)
     
  • GBP/USD

    1.3766
    +0.0007 (+0.05%)
     
  • BTC-GBP

    45,918.43
    +1,701.22 (+3.85%)
     
  • CMC Crypto 200

    1,507.52
    +1,264.84 (+521.20%)
     
  • S&P 500

    4,550.65
    +5.75 (+0.13%)
     
  • DOW

    35,711.84
    +34.82 (+0.10%)
     
  • CRUDE OIL

    84.98
    +1.22 (+1.46%)
     
  • GOLD FUTURES

    1,808.40
    +12.10 (+0.67%)
     
  • NIKKEI 225

    28,600.41
    -204.44 (-0.71%)
     
  • HANG SENG

    26,132.03
    +5.10 (+0.02%)
     
  • DAX

    15,585.72
    +42.74 (+0.27%)
     
  • CAC 40

    6,721.65
    -12.04 (-0.18%)
     

Assessment of the $15.8B US Ice Cream Market 2020-2027 - Insights Into General Mills, Hain Celestial Group, Unilever, and Nestle - ResearchAndMarkets.com

·3-min read

DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "United States Ice Cream Market, Forecast, Impact of COVID-19, Industry Trends, by Flavor, Category, Growth, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.

This report provides comprehensive details on the United States Ice Cream Industry.

As per the report, the US Ice Cream Market was valued at US$ 13.3 billion in 2020, and is expected to reach US$ 15.8 billion by 2027, rising at a CAGR of 2.49%.

Ice cream is one of the most popular frozen dairy products in the United States. In the US, ice cream is considered the most popular dessert and comfort food in homes, bakeries, restaurants, hotels, and other establishments.

According to the research study, more than 90% of Americans eat ice cream. The most popular flavour is chocolate, followed by vanilla. North America is currently one of the major ice-cream markets in the world. This is due to increased consumer health awareness, the prevalence of lifestyle disorders in the region, and the simple availability of healthier and creative varieties such as low-fat, lactose-free, gluten-free ice creams.

Product Analysis

The market is divided into artisanal, impulse and take-home. In industrialized nations such as Western Europe and United States, Take-home products are trendy. Packaging innovations also contribute to the increased demand for take-home products, as these new packs are more accessible to transport and store than older ones.

One of the primary factors driving market expansion in the region has been increased demand for luxury ice creams. Due to the availability of reduced-calorie/no sugar claims compared to conventional ice creams, a few of those premium ice creams have gained favour among health-conscious consumers. Ben & Jerry's introduced ice cream with 60-70 percent less fat and 35 percent fewer calories than its competitors in 2018.

The decline in the US Ice cream market consumption is primarily due to adherence to mandated mobility restriction standards, which has resulted in the closure of retail outlets, vending carts, and other similar establishments, resulting in a drop in consumption.

Ice cream manufacturers develop products with premium and novel ingredients to acquire a competitive advantage and appeal to a broader audience. As a result, their customer base grows as well. Furthermore, the advantageous regulations take into account the market's advances.

In May 2019, for example, the FDA held a public hearing on cannabidiol legalisation in the United States. As a result, significant businesses are seizing the chance to differentiate their offerings by releasing new items. One such example is the debut of CBD-infused ice cream by Ben & Jerry's.

COVID-19's Impact on US Ice Cream Trends

The COVID-19 pandemic has had a huge impact on customers' eating habits. Lockdowns and restaurant closures have contributed to meals cooked at home. Due to the coronavirus, there was supply chain disruptions that impacted the ice cream sales. The USA Ice cream industry faced a complete washout last year. Also, fear of COVID-19 caused a lot of consumers in the North American region to shun ice creams.

Flavor - Market breakup from 4 viewpoints

1. Vanilla

2. Chocolate

3. Fruit

4. Others

Category - Market breakup from 3 viewpoints

1. Impulse Ice Cream

2. Artisanal

3. Take Home-ray

Distribution Channel - Market breakup from 4 viewpoints

1. Convenience Store

2. Specialty Stores

3. Hypermarket /Supermarket

4. Others

Packaging - Market breakup from 6 viewpoints

1. Cup

2. Stick

3. Cone

4. Brick

5. Tub

6. Others

Companies - Analyzed from 3 viewpoints

(Overview, recent developments, revenues)

1. General Mills

2. Hain Celestial Group

3. Unilever

4. Nestle

For more information about this report visit https://www.researchandmarkets.com/r/31w6o

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005538/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting