Market Insights & Analysis: GCC Ice Cream Market (2023-29)
Projected Growth: The GCC Ice Cream Market is estimated to grow at a CAGR of around 6.52% during the forecast period, i.e., 2024-29.
Comprehensive Overview of the GCC Ice Cream Market
Utilizing both primary and secondary research methodologies, the GCC Ice Cream Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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GCC Ice Cream Market Driver: Growing Demand for Gluten and Lactose Free Food products
Over the years, the increasing prevalence of lactose intolerance in the GCC region has led to a shift in consumer preferences, with more people prioritizing their health and well-being by becoming increasingly conscious of their dietary choices. This change in consumer food habits led to the demand for lactose-intolerant food products including snacks, and cooling beverages. To capture the attention of this growing segment, various food & ice cream manufacturer, made significant changes in their product formulations. For instance, in 2020, Brooklyn Creamery launched chocolate-covered ice cream bars with low-fat and lactose-free characteristics without artificial colours. Furthermore, as ice cream manufacturers establish separate production lines for gluten and lactose-free ice cream to meet the expected surge in demand, this proactive approach is poised to drive the growth of the ice cream market in the GCC region in the upcoming years.
GCC Ice Cream Market Segmentation
By Product Type
-Impulse Ice Cream
-Take Home Ice Cream
-Artisanal Ice Cream
-Single Portion Dairy Ice Cream
- Impulse ice cream is expected to witness significant growth in the market during forecast period.
By Flavor
-Mango
-Chocolate
-Vanilla
-Others (Strawberry, Butterscotch, etc.)
By Format
-Cup
-Stick
-Bricks
-Cones
-Others (Sandwich, Tubs, etc.)
By Sales Channel
-Offline
–Supermarkets & Hypermarkets
–Convenience & Grocery Store
–Brand Owned Outlets
–Ice Cream Carts
–Others (Vending Machines, etc.)
-Online
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Key Players in the GCC Ice Cream Market
The report features major players including:
Dunkin Brands, Inc., General Mills, Inc., Mini Melts Inc., Nestle SA, IFFCO Group, Mars Incorporated, Graviss Group, Unilever Group, Saudi Ice-Cream Factory Ltd, Saudi Dairy & Foodstuff Co Ltd, Others (Batterjee Foodstuffs Factory, Cone Zone Co)
Regional Analysis
The report covers a comprehensive analysis of the GCC Ice Cream Market across various regions:
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Key Questions Answered in the GCC Ice Cream Market Report
- Who are the major players in the GCC Ice Cream Market?
- Which region presents the most potential for the GCC Ice Cream Market?
- Which application area of the GCC Ice Cream Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the GCC Ice Cream Market by the end of the forecast period?
- What are the growth prospects for the GCC Ice Cream Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the GCC Ice Cream Market?
- What factors are expected to drive the growth of the GCC Ice Cream Market?
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