Global ice cream coating market demand is anticipated to be valued at US$ 3,486.1 million in 2023, forecast to grow at a CAGR of 3.3%to be valued at US$ 4,819.0 million from 2023 to 2033. Growth is attributed to the increasing demand for ice cream products globally. From 2018 to 2022 a CAGR of 2.3% was registered for the ice cream coating market.
| Report Attribute | Details |
|---|---|
| Projected Growth Rate (2023 to 2033) | 3.3% CAGR |
| Expected Market Value (2023) | US$ 3,486.1 million |
| Anticipated Forecast Value (2033) | US$ 4,819.0 million |
Ice cream coating is usually a very high-fat product that will change its viscosity and behavior during production. Ice cream coatings are thin layers that are manufactured from comparatively inexpensive fats like coconut oil or hydrogenated palm kernel fat. Coconut oil and palm kernel oil provide a decent snap of coating and pleasant cool melting. The total fat content present in ice cream coating is often above 60% than their counterparts (28 to 35%) to achieve a sufficiently thin layer and a short crystallization time.
The excellent-tasting coating increases the quality and production and decreases the price problems. Ice Cream coating is heated up to 30 to 35 degrees Celsius. The deep-frozen ice cream stick is dipped into the warm ice cream coating. The coatings solidify quickly on the ice cream stick, so the coating is sufficiently solid at the time of packaging. The ice cream coatings are supplied via buckets, containers, or liquid food tankers.
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The increasing demand for ice cream coatings in the ice cream parlors, dairy, and HoReCa (hotels, Restaurants, and cafes) is driving the growth of the ice cream coating market during the forecast period. The increasing awareness among bakers and parlors regarding the utilization of coating with 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 the food and beverages industry due to increasing per capita income and rising consumer preference is expected to drive the global ice cream coating market. 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. Rapid urbanization is increasing the demand for food products and also changing the eating trends of consumers which are expected to propel the global ice cream coating market.
No market is devoid of challenges and the global ice cream coatings market is no exception. Rising health concerns among the consumers and growing popularity of low-calorie products may hamper the growth of the ice cream coating market. The high storage cost, the short lifespan of ice creams, and seasonal demand for the product may also impede the growth of the market.
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North America was the largest market for the ice cream coating market and the trend is expected to continue into the forecast period owing to the high consumption of ice creams in the region. Due to the changing lifestyle and urbanization, ice cream consumption is increasing which is driving the ice cream coating market. North America accounts for a total 29.3% share of the global ice cream coating market.
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 in North America. For instance -According to IDFA in 2012, ice cream makers in the US churned out more than 1.3 billion gallons of ice cream.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the ice cream coating market, due to the myriad of flavors and forms of ice cream coatings available in the region. Europe’s ice cream coating market accounts for a 27.1% share of the total global ice cream coating market.
In addition, the manufacturers in the ice cream coating market are introducing new healthier alternatives in the ice cream coating market which also boosts the demand in Europe. For instance -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.
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The Asia Pacific will continue to account for a leading share of the global ice cream coating market due to rising consumer preferences. China’s market will grow at the fastest rate over the forecast period due to the increasing population, expanding consumer preference, and increased demand for ice creams with coatings.
The increasing per capita income, and rapidly changing food habits is offering a better market scenario to the manufacturers in the global ice cream coating market. With the high presence of manufacturers and suppliers in the region, the market growth of ice cream coating in the Asia Pacific is anticipated to rise rapidly.
Montrose, Hooren Food Products, Kiddor Foods, Choco Nutri, and khushboo cool products private limited, are some of the start-up companies operating in the ice cream coating market.
Some of the key participants present in the global ice cream coatings market include Chr. Hansen Holding A/S, FONA International, Smucker Company, Walter Rau Neusser Ol und Fett AG, Blommer Chocolate Company, Palsgaard, Göteborgsfood Budapest Ltd., and Barry Callebaut among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Chr. Hansen Holding A/S, FONA International, and Smucker account for a considerable market size, and several regional-level players are also operating across key growth regions, particularly in Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.3% from 2023 to 2033 |
| Expected Market Value (2023) | US$ 3,486.1 million |
| Anticipated Forecast Value (2033) | US$ 4,819.0 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The market is valued at US$ 3,486.1 million in 2023.
Puratos, Callebaut, and Ghirardelli are key market players.
The food service industry is the primary consumer of the ice cream coating market.
The market is estimated to reach US$ 4,819.0 million by 2033.
The market is forecast to register a CAGR of 3.3% through 2033.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Types 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Types, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Types, 2023 to 2033 5.3.1. Dark 5.3.2. Milk 5.3.3. Yogurt 5.3.4. White 5.3.5. Colored 5.3.6. Flavored Types 5.4. Y-o-Y Growth Trend Analysis By Types, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Types, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Dipping 6.3.2. Enrobing 6.3.3. Spraying 6.3.4. Co-Extrusion 6.3.5. Chocolate Aeration 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-user 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-user, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-user, 2023 to 2033 7.3.1. Parlors 7.3.2. Dairies 7.3.3. Horeca (Hotel, Restaurants, Café) 7.3.4. Other 7.4. Y-o-Y Growth Trend Analysis By End-user, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By End-user, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Types 9.2.3. By Application 9.2.4. By End-user 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Types 9.3.3. By Application 9.3.4. By End-user 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Types 10.2.3. By Application 10.2.4. By End-user 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Types 10.3.3. By Application 10.3.4. By End-user 10.4. Key Takeaways 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Types 11.2.3. By Application 11.2.4. By End-user 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Types 11.3.3. By Application 11.3.4. By End-user 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Types 12.2.3. By Application 12.2.4. By End-user 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Types 12.3.3. By Application 12.3.4. By End-user 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Types 13.2.3. By Application 13.2.4. By End-user 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Types 13.3.3. By Application 13.3.4. By End-user 13.4. Key Takeaways 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Types 14.2.3. By Application 14.2.4. By End-user 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Types 14.3.3. By Application 14.3.4. By End-user 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Types 15.2.3. By Application 15.2.4. By End-user 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Types 15.3.3. By Application 15.3.4. By End-user 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Types 16.1.2.2. By Application 16.1.2.3. By End-user 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Types 16.2.2.2. By Application 16.2.2.3. By End-user 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Types 16.3.2.2. By Application 16.3.2.3. By End-user 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Types 16.4.2.2. By Application 16.4.2.3. By End-user 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Types 16.5.2.2. By Application 16.5.2.3. By End-user 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Types 16.6.2.2. By Application 16.6.2.3. By End-user 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Types 16.7.2.2. By Application 16.7.2.3. By End-user 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Types 16.8.2.2. By Application 16.8.2.3. By End-user 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Types 16.9.2.2. By Application 16.9.2.3. By End-user 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Types 16.10.2.2. By Application 16.10.2.3. By End-user 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Types 16.11.2.2. By Application 16.11.2.3. By End-user 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Types 16.12.2.2. By Application 16.12.2.3. By End-user 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Types 16.13.2.2. By Application 16.13.2.3. By End-user 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Types 16.14.2.2. By Application 16.14.2.3. By End-user 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Types 16.15.2.2. By Application 16.15.2.3. By End-user 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Types 16.16.2.2. By Application 16.16.2.3. By End-user 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Types 16.17.2.2. By Application 16.17.2.3. By End-user 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Types 16.18.2.2. By Application 16.18.2.3. By End-user 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Types 16.19.2.2. By Application 16.19.2.3. By End-user 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Types 16.20.2.2. By Application 16.20.2.3. By End-user 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Types 16.21.2.2. By Application 16.21.2.3. By End-user 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2022 16.22.2.1. By Types 16.22.2.2. By Application 16.22.2.3. By End-user 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2022 16.23.2.1. By Types 16.23.2.2. By Application 16.23.2.3. By End-user 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Types 17.3.3. By Application 17.3.4. By End-user 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Chr. Hansen Holding A/S 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. FONA International 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Smucker Company 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Walter Rau Neusser Ol und Fett AG 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Blommer Chocolate Company 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Palsgaard 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Göteborgsfood Budapest Ltd. 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Barry Callebaut 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Bunge Loders Croklaan 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Kwality Icecreams 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Ice Cream Coating Market
