GCC Ice Cream Market 2030: Size, Growth Drivers & Competitive Landscape
Future GCC Ice Cream Market: Key Dynamics, Size & Share Analysis
The GCC Ice Cream Market is estimated to grow at a CAGR of around 6.52% during the forecast period, i.e., 2024-30. The growth of the market is attributed to various factors including GCC nation’s moving towards the digitalization of their economy, intensifying efforts for expansion, promoting local businesses & manufacturers, and the favorable weather and climate of the region for the consumption of frozen desserts.
Top Market Challenges Impacting the GCC Ice Cream Market Growth
Growing Demand for Gluten and Lactose Free Food products – Over the years, the increasing prevalence of lactose intolerance in the GCC region has led to a shift in consumer preferences, with more people prioritizing their health and well-being by becoming increasingly conscious of their dietary choices. This change in consumer food habits led to the demand for lactose-intolerant food products including snacks, and cooling beverages. To capture the attention of this growing segment, various food & ice cream manufacturer, made significant changes in their product formulations. For instance, in 2020, Brooklyn Creamery launched chocolate-covered ice cream bars with low-fat and lactose-free characteristics without artificial colours. Furthermore, as ice cream manufacturers establish separate production lines for gluten and lactose-free ice cream to meet the expected surge in demand, this proactive approach is poised to drive the growth of the ice cream market in the GCC region in the upcoming years.
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Understanding the Core Segments in the GCC Ice Cream Market
GCC Ice Cream Market Size, Share & Industry Trends Analysis- By Product Type (Impulse Ice Cream, Take Home Ice Cream, Artisanal Ice Cream, Single Portion Dairy Ice Cream), By Flavor (Mango, Chocolate, Vanilla, Others (Strawberry, Butterscotch, etc.)), By Format (Cup, Stick, Bricks, Cones, Others (Sandwich, Tubs, etc.)), By Sales Channel (Offline, (Supermarkets & Hypermarkets, Convenience & Grocery Store, Brand Owned Outlets, Ice Cream Carts, Others (Vending Machines, etc.)), Online), and Others.
Geographical Analysis of the GCC Ice Cream Market
By Country
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain.
Who Dominates the GCC Ice Cream Market Insights on Key Industry Players?
Companies are strengthening their presence in the GCC Ice Cream market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Dunkin Brands, Inc.
- General Mills, Inc.
- Mini Melts, Inc.
- Nestle SA
- IFFCO Group
- Mars, Incorporated
- Graviss Group
- Unilever Group
- Saudi Ice-Cream Factory Ltd
- Saudi Dairy & Foodstuff Co Ltd
- Others (Batterjee Foodstuffs Factory, Cone Zone Co).
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