Sweet innovation: Healthier products and less-volatile inputs will spur industry growth

Shifts in consumer tastes have hampered performance for the Ice Cream Production industry over the five years to 2018. In response to these trends, industry operators have introduced new brands or reformulated their existing frozen dessert lines with higher-quality ingredients. Despite stagnant volume sales during most of the five-year period, plummeting milk and sugar prices in recent years have helped boost profit margins across the industry as a whole. Over the five years to 2023, the industry is forecast to decelerate. This is primarily a result of weakening demand for the industry's largest product segment, packaged ice cream, which continues to wane in line with rising health-consciousness...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Growing health concerns among consumers have placed downward pressure on industry revenue growth
  • Ice cream producers have introduced new products in response to growing health concerns
  • Volatility in milk and sugar prices will likely subside, stabilizing input costs
  • Industry Report - Starting a New Business Chapter

    Barriers to entry for the Ice Cream Production industry are moderate. The most significant barrier for new entrants is the high initial capital investment required to produce a large volume of ice cream. Due to the industry's reliance on equipment and automation, capital investments are substantial even for small-scale production facilities. Potential entrants also compete with the massive scale of the largest ice cream producers such as Nestle and Unilever. Although this industry's market share concentration is moderate, the leading industry operators experience a high degree of brand and customer loyalty. They also have considerable resources to invest in advertising and promotions to help grow and protect their market share. Lar...purchase to read more.

    Additional Insights for the Ice Cream Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ice Cream Production Industry are

  • Access to the latest available and most efficient technology and techniques
  • Establishment of brand names
  • Guaranteed supply of key inputs
  • IBISWorld analysts also discuss how external factors such as Price of milk and Per capita disposable income in the Ice Cream Production industry impact industry performance..

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    What's in this report

    What is the Ice Cream Production Industry?

    Operators in this industry make ice cream, frozen yogurt, sherbet, frozen tofu and other frozen desserts, except frozen bakery foods, which are included in the Bread Production industry (IBISWorld report 31181). The majority of raw inputs are sourced from the Dairy Farms industry (IBISWorld report 11212).

    Industry Products
  • Bulk ice cream
  • Ice cream in retail packaging
  • Frozen novelties
  • Low-fat and nonfat ice cream
  • Other frozen desserts
  • Industry Activities
  • Bulk ice cream
  • Novelty ice cream
  • Frozen fruit pops
  • Low-fat and nonfat ice cream
  • Frozen yogurt
  • Flavored ice
  • Sherbet
  • Other frozen desserts (except bakery)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Price of milk
  • Per capita disposable income
  • Per capita sugar and sweetener consumption
  • Healthy eating index
  • Price of sugar

  • Current Performance
  • Slipping demand
  • Healthy ice cream
  • Large players not nimble enough
  • Short on vanilla
  • Chart: Revenue Growth

  • Industry Outlook
  • Input prices stabilize
  • Emerging and changing markets
  • Table: Ice Cream Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ice Cream Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Dairy Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores
  • Specialty Food Stores
  • Chain Restaurants
  • Single Location Full-Service Restaurants

  • Key Selling Industries
  • Dairy Farms
  • Seasoning, Sauce and Condiment Production
  • Sugar Processing

  • Products & Services
  • Ice cream in retail packaging
  • Frozen novelties
  • Other frozen desserts
  • Low-fat and nonfat ice cream
  • Bulk ice cream
  • Chart: Ice Cream Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets, grocery stores and mass-merchandisers
  • Convenience stores and pharmacies
  • Foodservice and institutional
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Ice Cream Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Ice Cream Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ice Cream Production Industry

  • Industry Globalization
    Unilever NV, Dean Foods Co., Nestle S.A., Wells Enterprises Inc.,
  • Table: Unilever NV - financial performance
  • Table: Dean Foods Co. - financial performance
  • Table: Nestle S.A. - financial performance
  • Table: Wells Enterprises Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ice Cream Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ice Cream Production Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Price of milk (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A treatment of raw milk that ensures consistency by preventing a cream layer from separating out.
  • Pasteurization
  • A sterilization process that slows microbial growth in food.
  • Radio-Frequency Identification (Rfid)
  • A technology that tracks products by releasing continuous signals from a chip from the time they leave the assembly line to the time they leave the store.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Ice Cream Production is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ice Cream Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ice Cream Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ice Cream Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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