Ice Cream Ingredients Market

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2. The global ice cream ingredients market size was valued at US$ 50.1 billion in 2020 and is projected to reach $93.5 billion by 2028, growing at a CAGR of 8.5% during the forecast period. Asia-Pacific is the major hotspot in the global ice cream ingredients market that solely accounted for more than 40% of the overall ice cream ingredients market share in 2020. The impact of COVID-19 has been unprecedented resulting in the decline of the overall demand for ice cream and other frozen dessert products. Drivers, restraints, and opportunities- The demand for novel ice cream ingredients continues to rise steeply owing to the rapidly growing urbanization and improving technological advancements in the global dairy sector. The manufacturers are intensively launching experimental formats of ice cream products in the market. Utilization of novel ingredients and flavors such as milk fats, solids, and natural colorants are the main factors boosting the annual revenue of the market. Innovations and experimental flavors, ingredients, and source of raw materials are the key factors that strengthen the global ice cream market. • Ice Cream Ingredients Market Download Report Sample

3. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/13988 • Frontrunners in the industry- • Co-Operative Group Limited • BASF SE, Tate & Lyle • Cargill • Royal FrieslandCampina N.V. • California Dairies Inc • Dairy Farmers of America • Grassland Dairy Products Inc • Westland Milk Products • Hilmar Ingredients • Ice Cream Ingredients Market Download Report Sample

4. Ice Cream Ingredients Market Segment review The global market is segmented into type, application, and region. By type, the market is classified into milk fat, milk-solid-not-fat, sweeteners, dairy solids, and others (stabilizers, modifiers). Dairy solid is dominating among other types in the market owing to its superior properties, rich creamy offerings as ingredients. By application, the market is classified into artisanal ice cream, impulse ice cream, and take-home ice cream industries. The continuous adaption of convenience food products among the young population, millennials, and other age group all across the world have made the industry dominant over others i.e., artisanal and take-home. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. On the basis of type, the market is segmented into milk fat, milk-solid-not-fat, dairy solids, sweeteners, and others. Dairy solids are the main ingredients while manufacturing ice cream and dominates the market as it offers milky richness and textural benefits to the product. However, sweeteners and milk solids-not-fat (MSNF) are expected to exhibit a decent growth during the forecast period. On the basis of application, the market is segmented into artisanal ice cream, impulse ice cream, and take-home ice cream industries. The global ice cream ingredients market is purely driven by the abundant utility of dairy ingredients in these applications. Impulse ice cream segment dominates the market over its other variants. Download Report Sample

5. The report focuses on the market growth prospects, restraints, and opportunities during the forecast period. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the market. • Purchase this Report (Price 6,169 USD for single user license): https://www.alliedmarketresearch.com/checkout-final/eb4f175bdb0e8d1baa6a4555e7fbcd1b • Key findings of the study • On the basis of type, the dairy solids segment accounted for the highest market share in 2020, growing at a CAGR of 7.4% and milk-solid-not-fat was the fastest growing type with a CAGR of 10.5% between 2021 and 2028. • On the basis of application, the impulse ice cream industry accounted for about 45% of market share in 2020. However, the artisanal ice cream category is expected to grow at a higher CAGR of 9.5% during the ice cream ingredients market forecast period. • On the basis of region, Asia-Pacific accounted for about 40% of the market by share and is expected to grow at a CAGR of 9.2% during the forecast period. • Ice Cream Ingredients Market Download Report Sample

6. Covid-19 scenario- • The outbreak of Covid-19 led to the enforcement of lockdown in almost all the countries across the world. It caused significant hardship to several industrial verticals along with the Ice Cream Ingredients Market. There were huge disruptions in the supply chain as well. • Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their feet yet again. • Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/13988 • Ice Cream Ingredients Market Download Report Sample

7. About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Ice Cream Ingredients Market Download Report Sample

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