Moment of the week- China Remains Biggest Ice Cream Market

moment

China is currently the world’s biggest ice cream market, with sales estimated at 4.3 billion liters in 2016, followed by the US (2.7 billion liters) and Japan (756 million liters).

Norwegian consumers are the biggest ice cream eaters, consuming 9.8 litres per capita in 2016.

4% of ice cream and desserts launched in 2016 carried a vegan claim.

Whether it’s gelato, sundaes or the more traditional Mr. Whippy, ice cream in all varieties has remained popular ever since Ancient Greece. And while sales of ice cream have largely been dominated by Western markets in recent years, it seems that rising sales of this dessert are rippling throughout the East.

Indeed, new research from Mintel reveals that the global ice cream market sold 13 billion liters in 2016, with India, Indonesia and Vietnam among the world’s fastest growing markets. While India’s ice cream market has experienced a Compound Annual Growth Rate (CAGR) of 13% over the past five years, in 2017, volume sales in India are set to overtake those of more established markets, including the UK. Ice cream sales in India are forecast to reach 381.8 million liters in 2017, with the market forecast to reach 657.2 million litters in 2021.

India’s strong CAGR is closely followed by Indonesia (11%), Vietnam (9%), Turkey (9%) and Malaysia (8%). On the other hand, sales of ice cream in other markets are flakey. Volume sales of ice cream in Switzerland have had a CAGR of -3% over the past five years, followed by Thailand (-2%), Denmark (-2%), the UK (-2%) and the US (-1%).

China is currently the world’s biggest ice cream market, with sales estimated at 4.3 billion liters in 2016, followed by the US (2.7 billion liters) and Japan (756 million liters). However, in terms of individual ice cream consumption, Mintel research finds that Norwegian consumers are the biggest ice cream eaters, consuming 9.8 liters per capita in 2016, followed by Australia (9.4) and Sweden (8.9).

Growing appetite for vegan ice cream

Finally, Mintel research shows that ice cream aisles throughout the world have been experiencing a dairy-free makeover. The share of global dessert and ice cream launches featuring a vegan claim has increased from 2% in 2014 to 3% in 2015 and 4% in 2016, with Europe accounting for 59% of all launches in 2016.

The rise in innovation comes as many consumers are looking to cut down on their dairy consumption. As many as three in 10 (29%) Italians say they are actively reducing their consumption or are avoiding dairy, followed by a quarter (23%) of French consumers, 16% of Polish consumers and 14% of Germans.

Germany, meanwhile, is a hotbed of non-dairy ice cream innovation, and accounted for 19% of global vegan dessert and ice cream launches in 2016 – more than any other country. This reflects Mintel research that 63% of German ice cream consumers express an interest in non-dairy versions.

“Consumers’ aspirations to live healthier and ‘cleaner’ lifestyles are motivating them to increasingly prioritize fruits, vegetables, nuts, grains, spices and botanicals. Consequently, plant ingredients and vegan claims are becoming more prominent in a variety of food categories – including ice cream.” Alex concludes.

Source : Frozen Europe food

 

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