GCC Ice Cream Market:
Growth opportunities
in the GCC ice cream market look promising over the next six years. This is
mainly due to increasing awareness of the exceptional nutritional value offered
by dairy products and the growing consumption of dairy-related products such as
ice cream across consumers from all age groups.
Request for a FREE Sample Report on GCC Ice Cream Market
GCC Ice Cream Market Dynamics
(including market size, share, trends, forecast, growth, forecast, and industry
analysis)
Key Drivers
The augmenting
consumption of dairy-related products like ice cream among consumers of all age
groups is a major driver strengthening the growth of the Ice-Cream Market. Also, the surging consciousness
about the remarkable nutritional benefits offered by the dairy products will
promote the market size. The easy accessibility of these products through
several platforms will further contribute to the market growth. Leading
companies are emphasizing introducing advanced ice-cream packaging to enhance
their lifespan and capture the altering consumer demand. The growing focus of
companies in Saudi Arabia on marketing and advertising dairy food products will
raise the Ice-Cream market growth. Moreover, factors like varying tastes and
preferences towards nutrition-rich products, numerous health benefits from
consuming these food products, and increasing awareness among consumers are
expanding the market growth. The rapid escalation in the use of the product to
prepare shakes, sorbets, sweetening agents, and smoothies will propel the
Ice-Cream market demand.
Also, the hot climatic
conditions and long summers will fuel the market growth. For example, Qatar is
a subtropical dry region with a hot desert climate, less annual rainfall, and
very high temperatures in summers. The severe climatic condition leads to the
massive demand for cold food and beverages, which has, in turn, bolstered the
market growth. The growing trend towards veganism has stimulated the market for
lactose and gluten-free ice-cream varieties made from ingredients without
animal products, based on other milk substitutes like almond and coconut milk
may add to the market growth. However, the strict norms such as the U.S. Code
of Federal Regulations and FDA, concerning the standardization of ingredients
used to prepare ice cream to balance fat, sugar, and protein level obstruct the
Ice-Cream market size.
Distribution Channel Segment Drivers
On the basis of
distribution channels, hypermarkets/supermarkets are anticipated to lead the
market expected over the forecast period. This is owing to the heavy discounts
and easy availability of the supermarkets, which has persuaded the consumers to
purchase products from such distribution channels, thereby promoting the market
growth. Additionally, the initiation of their own '"in-house" brands
with organic ingredients and at reduced prices will allure consumers towards
the products, thus decreasing advertising cost and raising their products sale.
This factor is expected to uplift the market share.
GCC Ice-Cream Market
Segmentation:
Segmentation by
Flavour:
·
Chocolate
·
Fruit
·
Vanilla
·
Others
Segmentation by
Distribution Channel:
·
Hypermarket &
Supermarket
·
Food & Drink
Specialists
·
Convenience Stores
Segmentation by
Region:
·
UAE
·
Saudi Arabia
·
Oman
·
Kuwait
·
Rest of GCC About
GMI Research
GMI Research is a
market research and consulting company that offers business insights and market
research reports for large and small & medium enterprises. Our detailed
reports help the clients to make strategic business policies and achieve
sustainable growth in the particular market domain. The company's large team of
seasoned analysts and industry experts with experience from different regions
such as Asia-Pacific, Europe, North America, among others, provides a one-stop
solution for the client. Our market research report has in-depth analysis,
which includes refined forecasts, a bird's eye view of the competitive
landscape, key factors influencing the market growth, and various other market
insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list
of Silicon India Magazine in 2018, we at GMI Research are always looking
forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Comments
Post a Comment