The Middle East & Africa Ice Cream Market size was valued at USD 3.34 Billion in 2022 and is expected to surpass USD 4.84 Billion by 2031, expanding at a CAGR of 4.2% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising demand of premium ice creams products.
Ice cream is a frozen food, which is eaten as a dessert or snack and it is usually sweet in taste. It is flavored with ingredients such as vanilla, cocoa, or with fruits including peaches or strawberries. It can be made by whipping a seasoned fluid nitrogen and cream base. Colorings are now and then addeds in addition to stabilizers. This combination is cooled beneath the edge of freezing point of water and mixed to incorporate air space and anticipate the development of perceivable ice crystal, which forms a semi-solid and smooth foam. The ice cream is solid at low temperature of below 2°C.
Market Trends, Drivers, Restraints, and Opportunities
Improving purchasing power of consumers and rising disposable income are the major drivers of the market growth.
Increasing number of online food delivery services is estimated to propel the growth of market.
Growing demand for convenience foods is anticipated to drive the market growth.
Health concerns associated with ice creams can impede the market growth.
Rising number of lactose-free ice cream and increasing demand for sugar-free ice cream are anticipated to create lucrative opportunities for the ice cream market in Middle East & Africa.
Scope of Middle East & Africa Ice Cream Market Report
The Middle East & Africa ice cream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Middle East & Africa Ice Cream Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Product Types (Take Home Ice Cream, Impulse Ice Cream, and Artisanal Ice Cream) and Distribution Channels (Convenience Stores, Supermarkets/Hypermarkets, Specialist Stores, and Others)
South Africa, Saudi Arabia, The UAE, and Rest of Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
R&R Ice Cream; Parmalat SpA; Nestle; General Mills Inc.; and The Knickerbocker Ice Cream Company
Middle East & Africa Ice Cream Market Segment Insights
Take home ice cream segment is anticipated to exhibit a high CAGR
On the basis of product types, the market is segregated into take home ice cream, impulse ice cream, and artisanal ice cream. The take home ice cream is expected to hold a large market share during the forecast period. Take home ice cream are big in size and cost-effective as compared to other product types. Water or dairy-based multi-serving sorbet tubs, ice cream tubs, and ice cream cakes are types of take home ice cream. Development of new product marketing activities, packaging, and improvement in distribution channels are anticipated to spur the market of the market segment.
Supermarkets/hypermarkets segment to hold a major market share
In terms of distribution channels, the market is categorized as convenience stores, supermarkets/hypermarkets, specialist stores, and others. The supermarkets/hypermarkets segment is projected to expand at a considerable CAGR during the forecast period due to availability of variety of flavors and ease of shopping.
South Africa is projected to expand at a considerable CAGR
Based on geography, the Middle East & Africa ice cream market is categorized as South Africa, Saudi Arabia, the UAE, and Rest of Middle East & Africa. South Africa is expected to constitute a key share of the market during the projected period due to rising preference for ice cream and existence of international players such as Baskin-Robbins, Unilever, and Haagen-Dazs. Ice creams are the main dessert in the South Africa. Innovation in concept such as magnum pop-up store, which provides consumer the opportunity to match and mix ice creams, assist them to discover new flavors.
The Middle East & Africa ice cream market is segmented on the basis of:
- Take Home Ice Cream
- Impulse Ice Cream
- Artisanal Ice Cream
- Convenience Stores
- Specialist Stores
- South Africa
- Saudi Arabia
- The UAE
- Rest of Middle East & Africa
- R&R Ice Cream
- Parmalat SpA
- General Mills Inc.
- The Knickerbocker Ice Cream Company
The key players competing in the Middle East & Africa ice cream market are R&R Ice Cream; Parmalat SpA; Nestle; General Mills Inc.; and The Knickerbocker Ice Cream Company.