The ice cream market in Asia Pacific is anticipated to increase by USD 10.8 billion till 2029 at an average annual growth of 5.7 percent as per the latest market estimates. Urbanization across the Asia-Pacific region is leading to changing dietary habits and increased demand for convenience foods, including ice cream. Urban consumers, especially in countries like China and India, are embracing ice cream as a convenient and enjoyable snack or dessert option. Also, there’s a growing awareness of health and wellness among consumers in the Asia-Pacific region. This has led to a rising demand for healthier ice cream options such as low-sugar, low-fat, and dairy-free alternatives. Ice cream manufacturers are responding by introducing healthier variants and incorporating functional ingredients to cater to health-conscious consumers.
This report provides a thorough assessment of the Asia Pacific ice cream industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like type, product type, ingredient, distribution channel, and country. Through this detailed assessment, the report helps uncover the growth potential of the ice cream industry.
Market Segmentation
The ice cream market in Asia Pacific is categorized into the following segments:
Type: dairy ice cream, water ice cream, others (plant based ice cream)
Product type: impulse ice creams, take home ice creams, frozen yogurt, others
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, others
Country: Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, others
The Asia Pacific ice cream market is segmented on the basis of type, product type, ingredient, distribution channel, and country. On the basis of type, the ice cream market in Asia Pacific has been segmented into dairy ice cream, water ice cream, and others (plant based ice cream). By product type, the ice cream market in Asia Pacific has been segmented into impulse ice creams, take home ice creams, frozen yogurt, and others. Based on ingredient, the ice cream market in Asia Pacific is categorized into fats and oils, milk, sweeteners, and others. On the basis of distribution channel, the ice cream market in Asia Pacific has been segmented into foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, and others. In terms of geographical distribution, the ice cream market in Asia Pacific has been divided into Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, and others.
Competitive Landscape
The Asia Pacific ice cream market is highly competitive. As of 2023, the major players in the Asia Pacific ice cream market were China Mengniu Dairy Company Limited, Ezaki Glico Co. Ltd., General Mills Inc., Guangzhou Yuexiu Holding Limited, Gujarat Co-operative Milk Marketing Federation Limited (GCMMF), Hangzhou Wufeng Frozen Foods Co. Ltd., Hatsun Agro Product Ltd., Henan Tianbing Cold Drinks Co. Ltd., Imkon Plus MChJ, Inner Mongolia Yili Industrial Group Co. Ltd., KIDO Corporation, Kracie Holdings Ltd., Lotte Corporation, Meiji Holdings Co. Ltd., Morinaga & Company Ltd., Morinaga Milk Industry Co. Ltd., Namchow Holdings Co. Ltd., National Dairy Development Board (NDDB), Nestle S.A., Ohayo Dairy Products Co. Ltd., PT Campina Ice Cream Industry Tbk., PT Diamond Cold Storage, PT Glico Indonesia, RJ Corporation, Shenyang Deshi Enterprise Group Co. Ltd., Shin-Line LLP, Siping Hongbaolai Beverage Co. Ltd., Thai Beverage Public Company Limited (ThaiBev), Unilever PLC, Vadilal Industries Ltd.
This report provides a comprehensive analysis of the key players in the Asia Pacific ice cream market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Asia Pacific ice cream market.
Gain deep insights into the dynamics of the Asia Pacific ice cream market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Asia Pacific ice cream market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewAsia Pacific ice cream market – type analysis
Asia Pacific ice cream market – product type analysis
Asia Pacific ice cream market – ingredient analysis
Asia Pacific ice cream market – distribution channel analysis
Asia Pacific ice cream market – country analysis
Key players and market share
– China Mengniu Dairy Company Limited
– Ezaki Glico Co., Ltd.
– General Mills, Inc.
– Guangzhou Yuexiu Holding Limited
– Gujarat Co-operative Milk Marketing Federation Limited (GCMMF)
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Asia Pacific ice cream market 2019-2029
Chart Asia Pacific ice cream market, net growth, 2019-2029
Chart Asia Pacific ice cream market, growth rates, 2019-2029
Table Asia Pacific ice cream market by type, 2019-2029
Chart Asia Pacific ice cream market by type, CAGR historic and forecast, 2019-2029
Chart Asia Pacific ice cream market by type, 2019-2029
Table Asia Pacific ice cream market by product type, 2019-2029
Chart Asia Pacific ice cream market by product type, CAGR historic and forecast, 2019-2029
Chart Asia Pacific ice cream market by product type, 2019-2029
Table Asia Pacific ice cream market by ingredient, 2019-2029
Chart Asia Pacific ice cream market by ingredient, CAGR historic and forecast, 2019-2029
Chart Asia Pacific ice cream market by ingredient, 2019-2029
Table Asia Pacific ice cream market by distribution channel, 2019-2029
Chart Asia Pacific ice cream market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Asia Pacific ice cream market by distribution channel, 2019-2029
Table Asia Pacific ice cream market by country, 2019-2029
Chart Asia Pacific ice cream market by country, CAGR historic and forecast, 2019-2029
Chart Asia Pacific ice cream market by country, 2019-2029
Table Asia Pacific ice cream market share (%), by companies, 2019-2023
Chart Asia Pacific ice cream market, by companies, 2023
Table Asia Pacific ice cream market share (%), by brands, 2019-2023
Chart Asia Pacific ice cream market, by brands, 2023
Table Asia Pacific – population (millions) and forecast
Table Asia Pacific – consumer price index (CPI) and forecast
Table Asia Pacific – gross domestic product and forecast
Table Asia Pacific ice cream market: spend as a proportion of GDP (%)
Table Asia Pacific ice cream market: consumption per capita (population)