(Entertainment-NewsWire.com, November 23, 2021 ) The ice cream had its origins in Europe; it is known as a traditional and favorite dessert. It is a sweetened iced food typically eaten as a snack or dessert. Ice cream is promoted as an effective delivery medium for probiotic organisms. Already a hotspot for luxury cakes, Europe welcomed top-quality ice cream into the product mix. Owing to increasing health-consciousness among the consumers and a rise in the lifestyle diseases like obesity, ice creams without dairy ingredients are gaining momentum in the European industry. According to Renub Research report, European Ice Cream Industry will grow with a CAGR of 4.59% during 2021-2027.
Average consumption of ice cream across Europe is 6. 20 liters per/capita Per Year
Furthermore, various ice cream products with different nutritional values are available on the European market; they provide great taste, enjoyment, refreshment, happiness and pleasure to consumers of all ages. The per capita consumption of ice-cream is high in Europe because it is a country filled with traditional ice cream of more than 100 varieties. The ice-cream industry has great potential for growth in the country due to good cold chain infrastructure, growing disposable income and changing lifestyle of the people. According to EuroGlaces (European Ice Cream Association), the average consumption of ice cream across Europe is 6. 20 liters per/capita per year.
Europe Ice Cream Market Size will reach US$ 28.4 Billion by 2027
European is choosing Premium ice cream due to the preferred flavors in individual premium portions are authentic and original combinations. Premium ice cream has fewer air particles per ice cream particle, and it has a higher percentage of butterfat. Additionally, with the rapidly growing urbanization and improving technology advancements in the European dairy sector, the demand for luxury ice cream and daily ice cream desserts products continues to rise steeply in the European marketplace. The utilization of novel ingredients like whole milk, skim milk and sweetening & flavoring agent are the main factors raising the annual revenue of the European ice cream market.
Europe Ice Cream Market was US$ 21.7 Billion in 2021
The German ice cream sector is driven by the take-home and Impulse ice cream' category. Take-home is getting popular among the higher-income consumers as well among the younger buyers. Hypermarkets & supermarkets are the leading channels for the distribution of Take-Home ice cream in the country. It includes multiple-serving ice cream tubs and ice-cream cakes.
While there is escalating demand for impulse ice cream due to favorable climatic conditions (moderately hot and humid) for consuming ice creams in Germany. An Increased impulse variety of flavors, especially the innovative ones like Prosciutto and Whisky Prune, have acted as a catalyst for demand generation of ice cream in the country. As per Statista, in 2018, around 14.31 million people in the German population aged 14 and over had eaten impulse ice cream.
Impact of COVID-19 on Europe Ice Cream Industry
The European ice cream industry had suffered during COVID-19 due to supply chain disruptions that impacted the ice cream sales. Due to the economic slowdown in the COVID-19 pandemic and a declining demographic, market revenues continue to hit the ice cream industry by rising health issues concerning lifestyle diseases and the pandemic. Also, European people were avoiding ice cream as they felt it made them susceptible to COVID-19.
Key European Ice Cream Companies Focusing on Novel Product Launches to help Companies expand their Product Lines
Major players such as General Mills Inc., Nestle S.A., Unilever, Baskin Robbins, Lotus Bakeries are focusing on fresh and healthy, launching innovative and affordable products for maintaining their market prominence in the European market. Companies are also focusing on the sustainable and suitable packaging of the product to attract consumers.
Renub Research latest Report “Europe Ice Cream Market By Product Type (artisanal, impulse and takes home), Ingredients (Whole Milk, Skim Milk, Cream, Sweetening & Flavoring Agent, Other (Egg Yolk, Stabilizers, Emulsifiers)), Category (Choc Snacks, Premium Ice-Cream, Luxury Ice Cream, Filled Cones, Children's, Standard Ice-Cream, Adult Refresh, and Daily Ice Cream Desserts, and Individual Ice-Cream), Application (Commercial, Residential), Distribution Channels (On Tread, Hypermarket & Supermarket , Food & Drink Specialists, Convenience Stores and Others), producing country (Germany, Italy, Spain ,France and United Kingdom), Companies (General Mills Inc., Nestle S.A., Unilever, Baskin Robbins, Lotus Bakeries)" provides complete details on Europe Ice Cream Industry.
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