Global ice cream coating market demand is anticipated to be valued at US$3160.0 Million in 2022, forecast to grow at a CAGR of 6.5%to be valued at US$ 5931.8 Million from 2022 to 2032. Growth is attributed to the increasing demand for ice cream products globally. From 2016-2021 a CAGR of 4.6% was registered for the ice cream coating market.
The ice cream coating market is likely to remain under the influence of increasing appetite for ice cream and introduction of ice cream innovations. The ongoing clean label trend in the ice cream industry is likely to influence the manufacturing of ice cream coatings as consumers demand greater transparency in their purchase.
To address the increasing demand for ice cream and ice cream coatings, manufacturers in the ice cream coating market are expanding their product offerings to capture a broader consumer base. For instance, a leading market player in the ice cream coating market Barry Callebaut has planned to introduce a new range of ice cream coating with a variety of colors and flavors to attract the consumer base of bakery goods and confectionery.
In addition, the manufacturers in the ice cream coating market are introducing new healthier alternatives in the ice cream coating market. Following the demand for low-carb ice cream, the ice cream coating manufacturers have introduced low-carb varieties and flavors of ice cream coatings. The ongoing health and wellness trend in the confectionery segment is very well supporting the healthier options available in the ice cream coating market. An upward growth trajectory of the ice cream market and a myriad of flavors and forms of ice cream coatings available in the ice cream coating market are likely to bode well for the future progress of the market.
Market Scenario
The ice cream coating market across the globe is projected to witness positive growth over the forecast period. There is a substantial increase in the ice cream coating market owing to rising demand for ice cream products globally, and ice cream coating helps to produce rich quality ice cream products. However, North America will dominate the market during the forecast period due to the high consumption of ice cream coating and more use of flavored chocolate with the ice cream followed by Europe. North America and Europe will show the stagnant growth during the forecast period due to the high penetration of these products and rising consumer preference. APEJ will grow at the fastest rate over the forecast period due to increasing population, expanding consumer preference and increase the demand for the ice creams with coatings.
Drivers and Restraints
Rising use of ice creams coatings in the ice cream parlors, dairy and HoReCa (Hotel, Restaurants, and Cafe) is the critical success factor fuelling the growth of the global ice cream coating market. Additionally, the increasing awareness among bakers and parlors regarding the utilization of coating with the ice creams to improvise the shape, quality, and taste of ice creams is expected to drive the market over the forecast period. Also, the growing demand for ice cream products in food and beverages industry due to increasing per capita income and rising consumer preference is expected to drive the global ice cream coating market. Furthermore, the ice cream coating helps to improve the taste and quality of ice cream products which will increase the growth of the market during the forecast period 2012-2027.
Segmentation
The ice cream coating market can be segmThe ented on the basis of types, end users, and applications. Furthermore, ice cream coating on the basis of types are dark, milk, yogurt, white, colored and flavored types and on the basis of end users it can be segmented into parlors, dairies and HoReCa (Hotel, Restaurants, and Cafe) and other end users. And on the basis of application, it can be classified into dipping, enrobing, spraying, co-extrusion and chocolate aeration. Geographically, the global ice cream coating market is segmented into seven regions, namely Western Europe, North America, Eastern Europe, Asia Pacific except Japan, Latin America, Middle East Africa and Japan
Key Players
Some of the major global players in the ice cream coating market are Chr. Hansen Holding A/S, FONA International, Smucker Company, Walter Rau Neusser Ol und Fett AG, Blommer Chocolate Company, Palsgaard, Göteborgsfood Budapest Ltd., Barry Callebaut and other key players.
Key Segments Profiled in the Ice Cream Coating Industry Survey
Ice Cream Coating Market by Types:
Dark
Milk
Yogurt
White
Colored
Flavored Types
Ice Cream Coating Market by Application:
Dipping
Enrobing
Spraying
Co-Extrusion
Chocolate Aeration
Ice Cream Coating Market by End-user:
Parlors
Dairies
Horeca (Hotel, Restaurants, Café)
Other
Ice Cream Coating Market by Region:
North America Ice Cream Coating Market
Latin America Ice Cream Coating Market
Western Europe Ice Cream Coating Market
Eastern Europe Ice Cream Coating Market
Asia Pacific Ice Cream Coating Market
Japan Ice Cream Coating Market
Middle East and Africa Ice Cream Coating Market
Frequently Asked Questions
- What is the anticipated growth of the ice cream coatings market until 2032?
- Which region is forecast to be the most lucrative for ice cream coatings market growth?
- Which are some prominent ice cream coatings manufacturers?
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