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Summary and extracts
1 Market Overview
1.1 Definition and scope of the study
Ice cream is a creamy, cold dessert that is prepared using ingredients such as milk, sugar, and often cream. During preparation, these ingredients are mixed and frozen, resulting in a thick, velvety consistency. Sorbet, on the other hand, is a lighter frozen dessert made with a base of water, sugar and fruit or fruit juice. Unlike ice cream, sorbet contains no milk or cream, making it less creamy but cooler and more refreshing.
The value of the global ice cream and sorbet market is expected to grow steadily from 2024 to 2030, increasing by 25.8 percent over the period. The market will grow from $117.82 billion in 2024 to $148.23 billion in 2030 at a compound annual growth rate (CAGR) of 3.90%. Factors such as increasing demand for innovative flavors, types of ice cream, and impulse ice creams such as cones and popsicles in developing countries are expected to spur market growth.
The size of the ice cream market in Europe reached about US$19.51 billion in 2023. The market is expected to grow further at a compound annual growth rate (CAGR) of 4.2 percent between 2024 and 2032, reaching a value of USD 28.3 billion by 2032. European ice cream production showed a growth trend from 2021 to 2022, rising from 3.04 billion liters to 3.3 billion liters, an increase of 8.5 percent. However, 2023 saw a slight decline of 1.4 percent, bringing production to 3.2 billion liters.
In recent years , the turnover of Italian ice cream and sorbet companies has been fluctuating, but showed an increase of 34.91 percent overall.The Italian market value forecast for 2023-2032 is positive by 45%,at a European CAGR of 4.20%.Good news also regarding the values of productions made and sold, both of which increased by 12.22% and 13.90% respectively. As for the market, ihe number of active enterprises has decreased by 11.9% in recent years. In contrast, the number of employees has fluctuated, with a total decline of 5.88%. This trend indicates that despite the reduction in the number of enterprises, those that remain have maintained or increased their workforce, indicating a consolidation of the industry.
1.2 The global market
The value of the global ice cream and sorbet market is expected to grow steadily from **** to ****, increasing by **.* percent over the period. The market will grow from $***.** billion in **** to $***.** billion in **** at a compound annual growth rate (***) of *.**%. Factors such as increasing demand for innovative flavors, types of ice ...
1.3 The European market
The size of the ice cream market in Europe reached about USD **.** billion in ****. The market is expected to grow further at a compound annual growth rate (***) of *.* percent between **** and ****, reaching a value of USD **.* billion by ****. Increased spending on indulgent desserts such as ice cream, due to growth in ...
1.4 The Italian market
Between **** and ****, the turnover of Italian ice cream and sorbet companies showed a seesaw trend. After moderate growth from **** to ****, rising from *.** billion euros to *.** billion euros, there was a significant drop in ****, falling to *.*** billion euros, probably due to the impact of the pandemic. However, in ****, turnover recovered, returning to ...
1.5 Imports and Exports
Between **** and ****, Italy's exports of ice cream and sorbets showed significant growth, rising from $***.* million in **** to a peak of $***.* million in ****, then declining slightly to $***.* million in ****. Imports also increased, rising from $***.* million in **** to $***.* million in ****, signaling growing domestic demand for foreign products. The coverage rate, which measures the ...
1.6 Inflation suffered by the sector
In recent years, the ice cream and sorbet sector in Italy has faced significant challenges due to inflation, which has affected various aspects of production and consumption. Manufacturers have had to deal with rising costs of raw materials, such as milk, sugar and fruit, which are the main ingredients in their ...
2 Demand analysis
2.1 Overview of demand
Average household spending on ice cream and sorbet in Italy showed a slight decline between **** and ****. Starting from *.** euros in ****, spending increased slightly in **** to *.** euros, and then gradually decreased in the following years. In ****, during the pandemic, spending dropped to *.** euros, showing a negative impact on demand. Although there was ...
2.2 Geographical distribution of demand
In ****, average monthly household spending on ice cream and sorbets in Italy showed clear geographic differentiation. Households in the Northeast and Northwest spent more, with an average of *.** euros, perhaps reflecting greater purchasing power or consumption habits for these products. In the Center, spending was slightly lower, standing at *.** euros. In ...
2.3 Demand drivers
According to a survey, ** percent of respondents said they buy ice cream especially in summer. On average, nearly one-third of Italians eat ice cream at least once a week. Almost half of the population says they eat it less often. In addition, Italians prefer to eat ice cream in the afternoon ...
2.4 Trend in online demand for ice cream and sorbets
Online searches for ice cream in Italy between **** and **** show a very pronounced seasonal trend. The highest peaks occur in the summer months, with the index reaching **.* in June ****, **.* in June ****, and even **.* in August ****, signaling strong interest during the warmer periods. In contrast, in the winter months, interest declines significantly, ...
2.5 New trends in demand
Emerging trends in the ice cream and sorbet market reflect a combination of changes in consumer tastes, technological innovations, and social and environmental influences. These trends indicate a rapidly evolving market driven by increasingly discerning and informed consumers:
*. Health and Wellness:
Natural and Organic Ingredients: There is a growing demand ...
3 Market structure
3.1 Structure and dynamics of the Italian market
The number of enterprises active in ice cream production without direct sales to the public in Italy showed a slight decline between **** and ****. Starting from *** enterprises in ****, the number dropped to *** in ****, with a partial recovery in **** to ***. However, from **** onward, there has been a steady decline, reaching *** enterprises in ****. This ...
3.2 Value Chain
*. Receipt of raw materials: This is the initial stage in which the ingredients required for the production of ice cream and sorbet, such as milk, sugar, fruit, flavorings, and additives, are received and checked. Accuracy in the selection and control of raw materials is crucial to ensure the final quality of ...
3.3 Distribution channels
Ice cream and sorbet distribution channels are a crucial part of the value chain in the food industry, greatly influencing the accessibility of the product to the end consumer, as well as profitability for manufacturers and distributors. The structure of distribution channels varies according to market, product type and brand strategy, ...
3.4 The main players in the market
The main Italian ice cream and sorbet production companies are as follows:
Grom (***): This is an Italian company famous for producing high-quality ice cream and sorbets. Founded in Turin in **** by Guido Martinetti and Federico Grom, the company was born with the goal of creating ice cream "like it used to ...
4 Supply analysis
4.1 A rich and varied offer in supermarkets
Ice creams are divided into artisanal and packaged. The two types differ in production method, ingredients, flavor, storage, and price[***]:
Production: Artisanal ice cream is produced in small batches using traditional methods, often directly in the store or in local workshops. Packaged ice cream, on the other hand, is produced on ...
4.2 Type of the offer
The types of ice cream and sorbet offerings in Italy are extremely varied and reflect both tradition and innovation in the food industry. Below is a detailed description of the main categories and types of offerings
4.3 The price analysis
The Consumer Price Index for ice cream in Italy shows a clear upward trend from July **** to July ****. The index rose from ***.* to ***.*, marking a **.* percent increase over this two-year period. After a steady growth until December ****, peaking at ***.* in January ****, the index began to decline gradually in the following months, ...
4.4 New supply trends
In recent years, the ice cream and sorbet market has seen considerable evolution, influenced by changes in consumer preferences, technological innovations, and a growing focus on health and sustainability. These trends indicate a dynamic market in which continuous innovation and attention to consumer needs are essential to compete successfully.
*. Health ...
5 Regulations
5.1 Regulations on sorbet, ice cream and popsicle designations
Even today, in Italy and Europe, there is no specific legislation on ice cream. However, since ****, the Italian Ice Cream Institute has developed a code for the production of industrial ice cream that is a fundamental reference point for the entire Italian ice cream industry.
This code regulates the main types ...
6 Positioning of players
6.1 Market segmentation
- Grom (Uniliver)
- Algida (Unilever)
- Sammontana
- Motta (Bauli)
- Emmi Dessert Italia
- Eskigel (Froneri)
- Gelato d'Italia
- G7 Gelati
- Venchi
- Gelateria La Romana
List of charts presented in this market study
- Breakdown of the ice cream market by country
- Global ice cream and sorbet market value
- Breakdown of global market value
- European ice cream and sorbet market value
- European production of liters of ice cream
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the icecream market | Italy
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