Ice Cream Production in the US - Industry Market Research Report

Ice Cream Production in the US - Industry Market Research Report

  • December 2019 •
  • 42 pages •
  • Report ID: 198662 •
  • Format: PDF
Cold front: the industry is forecast to decline marginally due to weakening demand for packaged ice cream

Abstract

Ice Cream Production in the US
Shifting consumer tastes have hampered the performance of the Ice Cream Production industry during the current five-year period to 2018. In response to a growing preference for healthier, premium food stuffs, industry operators have introduced new brands or reformulated their existing frozen dessert lines with higher-quality ingredients. Operators have also experimented with new flavor combinations and launched single-serving varieties that appeal to a wider range of health-conscious consumers. Despite stagnant sales during most of the five-year period, falling milk prices in recent years have helped boost profit margins across the industry. Over the five years to 2023, the industry is forecast to decline marginally due to weakening demand for packaged ice cream, the industry’s largest product segment, from increasingly health-conscious consumers as well as by continued declines in the price of milk. Conversely, the development of nutritious frozen treats and innovative flavors will drive demand for premium ice cream brands.

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).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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