Market Analysis Report China Ice Cream Market | Página 2

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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)
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