While ice cream production did not suffer significantly in the worst of the recession, manufacturers are shifting their focus to develop health-conscious and premium products that will boost demand and revenue. The prices of key inputs like milk and sugar will continue to threaten profit, but will be far less volatile than in previous years. Despite this threat, innovation will help companies develop products targeted toward healthier consumers, and rising incomes will support demand.
Operators in this industry make ice cream, frozen yogurt, sherbet, frozen tofu and other frozen desserts, except frozen bakery foods, which are included in the Bread Production industry (IBISWorld report 31181). The majority of raw inputs are sourced from the Dairy Farms industry (IBISWorld report 11212).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.