The organic ice cream market is expected to cross a billion dollars by 2024, according to a report by KenResearch.
United States and China represent the major regions in the organic ice-cream market with the largest consumer base. Sweden, Australia, Italy, New Zealand, U.S. and Denmark are the major countries consuming the highest amounts of ice-cream. Unilever dominates the global market with eight of the fifteen top selling brands and more than one-fifth the market share. Nestle is the closest corporate rival of Unilever with four brands in the top fifteen. The demand for premium ice-cream has been on the rise. The introduction of lactose-free ice-cream has further increased competition and improved the market. Asia-Pacific is expected to witness the highest growth rate owing to the demand from emerging economies like India, China and Indonesia among others.
The rising demand for innovative flavors and impulsiveness to consume the product is expected to drive the market. Asia-Pacific, Latin America and Middle East Asia are believed to be the major regions that will drive the market. However; the share of North America and Europe is expected to decline owing to growing number of health-conscious consumers in these regions. Despite this the ice-cream sector has come up with solutions and these days awareness and popularity of organic ice-creams has begun to grow. Big ice–cream manufacturers are investing in this strategy which results in gains not only for the company but also for the consumers.
Organic ice creams are made from organic milk which contains more beneficial omega-3. Alden’s and Coconut Bliss are among the most popular in this respect. The rising health consciousness and changing health preferences of consumers is creating demand for organic ice-creams. Further, growth of this sector is supported by introduction of novel flavors and technological advancements in cold chain infrastructure and refrigerated transport systems. Despite the options presented by organic ice-cream in view of nutritional concern it still faces high competition from regular ice-cream.