Healthier Scoops: The Propelling Appeal of Sugar-Free Ice Cream
The "Sugar-free ice cream" industry has been seeing a various transformation, the sugar free industry which was considered as a niche market, has now being experiencing a wider popularity in various regions. This industry's growth is driven by various factors such as the changing consumer trends, and technological advancement. Today's sugar-free ice creams offer a compelling proposition: the creamy indulgence and delightful flavours of traditional ice cream, without added sugar. The growth of the industry is fuelled by several factors such as the increasing health conscious consumers particularly the health freak younger generation who are more concerned about their health and has been choosing alternatives to sugar. Moreover, the rising cases of diabetic and obesity across the globe is also acting as a growth driver for the industry for instance, According to the IDF projections 1 in 8 adults, approximately 783 million, will be living with diabetes, an increase of 46%. By 2045. Additionally, the rise of dietary restrictions like lactose intolerance has spurred the development of sugar-free and dairy-free options, further expanding the market. Furthermore, as the industry continuous to come up with natural sweetener options the demand for sugar free ice cream would keep growing.
Key Industry Trend:
The sugar-free ice cream industry is witnessing numerous key trends which are reshaping the market panorama and driving its growth globally. One prominent trend is the growing customer demand for healthier alternatives to standard ice cream. This shift is fuelled by means of rising health focus and concerns over the adverse consequences of immoderate sugar consumption, which includes obesity problems and diabetes. In reaction, producers are innovating with sugar substitutes like erythritol, stevia, and monk fruit extract, which provide sweetness without the caloric load and glycaemic impact of sugar. Another considerable trend is the expansion of flavour options and product variety inside the sugar-free section. Consumers nowadays have access to a diverse range of flavours, from classic favourites like vanilla and chocolate to greater adventurous selections along with salted caramel and raspberry swirl. This variety not simplest caters to extraordinary taste possibilities however also enhances the overall appeal of sugar-unfastened ice cream, making it a feasible option for a broader audience.
Moreover, technological advancements in food science and production techniques are enhancing the feel and mouth feel of sugar-unfastened ice cream, making it more similar to traditional types. These improvements make sure that clients can revel in a satisfying dessert enjoy without compromising on flavour or quality.
Industry Growth Prospect:
The global Sugar Free Ice Cream Market was valued at US$ 1.4 billion in 2023 and is predicted to reach US$ 2.1 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period (2023-2030).
In terms of region the North America, in particular, is leading the sugar-free ice cream business because of the region's high degree of consumer health concern. Demand has increased significantly as concerns about diabetes, obesity, and other health problems linked to sugar consumption have grown. The area is renowned for its wide range of innovative products and flavours that appeal to consumers who are health-conscious. Businesses are making significant investments in R&D to enhance the flavour and consistency of sugar-free ice cream. Large supermarkets and retail chains are expanding the amount of shelf space dedicated to sugar-free goods, thereby boosting accessibility to a wider range of consumers.
On the basis of type, the global sugar free ice cream industry has been segmented as less than 720 calories, 720 to 1,000 calories, and More than 1,000 calories. The sugar free ice cream with less than 720 calories is expected to hold the highest market share during the forecasted period pertaining to the growing consumer’s inclination towards healthy foods.
On the basis of distribution channel, the sugar free ice cream industry has been segmented as online retail, Specialty stores, Modern trade, Convenience stores, Small groceries stores, others. The speciality store and convenience store is expected to hold a significant market share in the industry, however, the modern trade and convenience store is also likely to have a steady growth rate during the forecasted period.
Key Players Analysis:
The processed food industry is highly fragmented in nature with the presence of large number of national as well as international players. Most of the company operating in this industry has been working continuously and investing heavily in the research and developmental activities in order to come up with new taste and flavour. The U.S. Food and Drug Administration (FDA) sets standards of identity for many foods, including ice cream and frozen desserts, so that consumers will get a consistent product, no matter what brand or type they buy. Some of the key players operating in the industry includes Unilever, Kroger, General Mills, Rich Ice Cream, Amy's Ice Creams, Amul, Nestle and Lotte Confectionery, etc. Companies has also been working towards collaboration and mergers and acquisition in order to expand its reach and enhance its product line. The majority of U.S. ice cream and frozen dessert manufacturers have been in business for more than 50 years.
Key Industry Key/Development:
19 Mar 2024, Unilever announced the spinning off its ice cream division as a standalone business and cutting 7,500 jobs. The separation begins immediately and is part of an overhaul which Unilever says will save around (US$867.8 million) in costs over the next three years.
October 2022: To ensure prompt delivery of its ice cream products, Unilever teamed up with ASAP. In accordance with the collaboration, ASAP will additionally transport desserts and ice cream from Unilever's online store.
Ben & Jerry's announced its commitment to source all its dairy from farms participating in its Caring Dairy program, which focuses on animal welfare and environmental sustainability.