November 28, 2019
According to the latest study titled ‘Global Artisanal Ice cream Market: Analysis by Distribution channel, By Region, By Country: Opportunities and Forecast (2018-2023)- By Region (North America, Europe, Asia Pacific, ROW), By Country (U.S., Canada, UK, Italy, France, Netherland, China, India, Australia)’ available with Market Study Report LLC, the global artisanal ice cream market is estimated to grow with a CAGR of 7.20% through the year 2023.
Artisanal ice creams are hand-made with natural ingredients, stabilizers or emulsifiers. They are rich in nutrient content and have natural and organic composition. Increasing health consciousness among consumers is majorly driving the demand for sugar-free and low-fat ice creams, which is fueling the growth of artisanal ice cream market. Moreover, factors such as rising preference for fruit flavored ice cream in developing countries coupled with increasing disposable income will continue to augment the industry growth.
The study examines the market for revenue shares of each segment and offers insight about the expansion strategies adopted by manufacturers. It analyses the competitive landscape of artisanal ice cream market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics influencing the market growth is also given in the report.
Additionally, the report also provides strategic recommendations such as innovation in making different flavors and increasing consumption of organic ice cream that can be incorporated by competitors to expand their business footprint.
Based on distribution channel, artisanal ice cream market is segmented into on trade and off trade. Considering the geographical landscape, the industry is bifurcated into four major regions as Europe, North America, APAC and rest of the world, with key focus on countries like Canada, U.S., Italy, UK, Netherland, France, India, China, and Australia.
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The report cites that North America artisanal ice cream market held the largest regional share in 2017. Moreover, APAC artisanal ice cream market is presumed to grow substantially in the upcoming years, owing to rising consumer inclination towards flavored ice cream and demand for more flavor options across the region.
The key players of artisanal ice cream market are Nyes Cream, Unilever, Van Leeuwen, Sandwiches, Bi-Rite Creamery, and Nestle.
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