China Ice Cream Market Analysis

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China Ice Cream Market Size, Share, Analysis, Growth, Trends,
Outlook and Forecasts to 2025 | Hexa Research
“China ice cream market revenue is expected to
reach USD 22.7 billion by 2025, exhibiting a
significant growth over the forecast period.”
21 November 2018 China Ice Cream Market revenue is expected to reach USD 22.7 billion by 2025, exhibiting a significant growth over the
forecast period. China is one of the largest consumers of ice cream and other confectionery products across the globe.
Factors such as increasing consumer spending on food & confectionery items and increasing willingness for desserts are
predicted to boost growth. In addition to this, the per capita consumption is relatively low which is therefore providing
abundant of opportunities for further Chinese ice cream industry expansion.
Frozen desserts and ice creams are seasonal-sensitive categories. The market is projected to record upsurge in
confectionery and frozen desserts consumption levels over the approaching years. The increasing consumption of frozen
desserts is attributed to the changing taste preference of consumers towards ice cream and other dessert categories.
The factors such as affordable prices, availability of varied taste options, familiar ingredients, introduction of varied
flavors and availability of small packs of ice creams are projected to evolve the China ice cream market demand during
the forecast period.
Health-related concerns along with the low consumption of ice cream, when compared to the other regions across the
globe, is expected to be a major restraint, hampering the growth of the market over the forecast period. However, the
large population size of the country and growing interest of people in frozen desserts is likely to contribute to higher
consumption rates in the near future. Rapid growth in consumption of the dairy product is one of the crucial factor
fueling the ice cream consumption in China. The speedy change in consumption patterns amongst the consumers is
possibly expected to create new growth opportunities for frozen desserts in the country.
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The speedy growth of the Chinese GDP is probably to intensify the purchasing power of the consumers. Moreover, rapid
urbanization is increasingly evolving consumer preferences and habits. The market growth in the country is attributed to
the innovations in ice cream flavors and variety of offerings and customizations provided by the vendors functioning in
the Chinese ice cream industry. The presence of local and private label brands in the area is forcing the demand by
offering ice creams at lower prices. The development of private-label retail brands is contributing to the expansion of ice
cream industry.
The industry participants are undertaking many mergers and acquisitions and launching innovations in the product to
boost the performance of the company. For instance, several ice-cream companies are manufacturing lactose-free ice
creams to cater to the demand of lactose-intolerant consumers, as consumption of lactose causes many problems such
as diarrhea, gas, and bloating. The availability of lactose-free ice cream is probable to enhance the market growth.
Furthermore, low customer loyalty and shifting consumer habits in the industry are providing growth prospects for the
new entrants. The companies are experiencing various mergers and acquisitions with domestic companies to reach
untouched regions in the country.
Some of the key vendors operating in the China ice cream markets involves of Unilever, Nestle, Meiji Holdings Co., Ltd.,
Chinatown Ice Cream Factory, YILI.COM INC. And General Mills Inc. The Chinese ice cream industry has a fragmented
landscape with the presence of a large number of small and few well-established players in the market.
Hexa Research has segmented the China ice cream market report based on type and distribution channel:
Segmentation by Type, 2015 - 2025 (USD Billion)
• Artisanal
• Impulse
• Take-Home (family packs)
Segmentation by Distribution Channel, 2015 - 2025 (USD Billion)
• Hypermarkets, supermarkets & Convenience stores
• Specialist retailers
• Others
Key players analyzed
• Unilever
• Nestle
• Meiji Holdings Co., Ltd.
• YILI.COM INC.
• General Mills Inc.
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Table of Content of China Ice Cream Market
Chapter 1. Executive Summary
Chapter 2. Methodology and Scope
2.1. Research methodology
2.2. Assumptions
2.3. List of data sources
Chapter 3. Introduction
3.1. Research scope & market segmentation
Chapter 4. Ice Cream Market Trends: Drivers & Opportunities
4.1. Key industry trends
4.1.1. Market drivers
4.1.2. Market restraints
4.2. Supply chain analysis
4.3. Porter's Five Forces analysis
Chapter 5. Ice Cream Market Trends, By Type
5.1. China ice cream market movement, by type, 2017 & 2025
5.1.1. Artisanal
5.1.1.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.1.2. Impulse
5.1.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.1.3. Take-Home (family packs)
5.1.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 6. Ice Cream Market Trends, By Distribution Channel
6.1. China ice cream market movement, by type, 2017 & 2025
6.1.1. Hyper markets, Supermarkets & Convenience Stores
6.1.1.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.1.2. Specialist Retailers
6.1.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.1.3. Others
6.1.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 7. Competitive Landscape
7.1. Competitive landscape analysis, 2017
7.2. Strategic framework
7.3. Company profiles
7.3.1. Unilever
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7.3.1.1. Company Overview
7.3.1.2. Product Benchmarking
7.3.1.3. Financial Performance
7.3.1.4. Recent Initiatives
7.3.2. Nestle
7.3.2.1. Company Overview
7.3.2.2. Product Benchmarking
7.3.2.3. Financial Performance
7.3.2.4. Recent Initiatives
7.3.3. Meiji Holdings Co., Ltd.
7.3.3.1. Company Overview
7.3.3.2. Product Benchmarking
7.3.3.3. Financial Performance
7.3.3.4. Recent Initiatives
7.3.4. General Mills Inc.
7.3.4.1. Company Overview
7.3.4.2. Product Benchmarking
7.3.4.3. Financial Performance
7.3.4.4. Recent Initiatives
7.3.5. YILI.COM INC.
7.3.5.1. Company Overview
7.3.5.2. Product Benchmarking
7.3.5.3. Financial Performance
7.3.5.4. Recent Initiatives
7.3.6. List of other vendors
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China ice cream market revenue is expected to reach USD 22.7 billion by 2025