The rising number of cold storage facilities and supermarkets is projected to escalate the GCC ice cream market at a CAGR of 6.7%
Latest market study on “GCC Ice Cream Market to 2027 – Analysis and Forecasts by Type (Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Others),”, GCC ice cream market is accounted to US$ 543.0 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 969.1 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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- Desert Chill
- Dunkin Brands
- General Mills
- Maras Turka
- Mini Melts
- Nestle S.A.
- Graviss Group
- Saudi Dairy & Foodstuff
Under the distribution channel segment, the specialty store segment accounted for the largest share in the GCC ice cream market. Specialist stores are shops that cater to a single retail market. Some instances of specialist stores include ice cream shops, pharmacies, book stores, camera stores, and stationeries. They specialize in sales of just one type of product of the range. Specialist stores have to compete with other types of stores such as grocery stores, department stores, supermarkets, general stores, and variety stores. Specialist stores are usually independent stores with no other branches. They maintain considerable expertise in the type of product that specializes in selling.
They sell their products at premium prices while providing higher service quality and expert guidance to shoppers. Since specialty stores are category specialists, they use their buying power to negotiate lower prices, excellent terms and assured timely supply. The growing number of specialist stores selling a wide range of ice cream products is expected to drive the specialist stores market in the forecast period.
The report segments the GCC Ice Cream Market as follows:
GCC Ice Cream Market – By Type
- Impulse Ice Cream
- Take-Home Ice Cream
GCC Ice Cream Market – By Distribution Channel
- Supermarkets & Hypermarket
- Convenience Store
- Specialty Stores
GCC Ice Cream Market – By Country
- Saudi Arabia
- Rest of GCC
- To study and analyze the GCC Ice Cream market size by key regions/countries, product type and application.
- To understand the structure of GCC Ice Cream market by identifying its various subsegments.
- Focuses on the key GCC Ice Cream players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the GCC Ice Cream with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of GCC Ice Cream submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
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This post was originally published on The Picayune Current