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U.S. Ice Cream And Frozen Dessert Market. Analysis And Forecast to 2025

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Article Publishing Date: Jun 14, 2019

Ice Cream Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Ice Cream And Frozen Dessert Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the ice cream market in the U.S. amounted to $8.1B in 2018, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, ice cream consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, with an increase of 2.6% y-o-y. Over the period under review, the ice cream market reached its maximum level in 2018, and is expected to retain its growth in the immediate term.

In 2018, per capita ice cream consumption in the U.S. was estimated at 10 kg per person. Over the analyzed period, per capita consumption ranged in the interval from 10 kg per person in 2013 to 11 kg per person in 2008. In value terms, per capita ice cream consumption in the U.S. showed mixed trend pattern, finally falling from $26 in 2008 to $25 in 2018.

Ice Cream Production in the USA

In value terms, ice cream production totaled $8.2B in 2018. Overall, ice cream production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the the output figure increased by 2.8% y-o-y.

Ice Cream Exports
Exports from the USA

In 2018, ice cream exports from the U.S. amounted to 75K tonnes, surging by 10% against the previous year. In general, ice cream exports continue to indicate a strong increase.

In value terms, ice cream exports stood at $249M (IndexBox estimates) in 2018.

Exports by Country

Mexico (18K tonnes) was the main destination for ice cream exports from the U.S., accounting for a 24% share of total exports. Moreover, ice cream exports to Mexico exceeded the volume sent to the second major destination, Australia (7.1K tonnes), threefold. The third position in this ranking was occupied by Canada (6.7K tonnes), with a 8.9% share.

From 2008 to 2018, the average annual rate of growth in terms of volume to Mexico stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+40.5% per year) and Canada (+6.2% per year).

In value terms, Mexico ($52M), Australia ($26M) and Saudi Arabia ($23M) were the largest markets for ice cream exported from the U.S. worldwide, together comprising 41% of total exports. Canada, the UK, the United Arab Emirates, Malaysia, Brazil, Trinidad and Tobago, South Korea, Bahamas and China lagged somewhat behind, together accounting for a further 34%.

Export Prices by Country

In 2018, the average ice cream export price amounted to $3.3 per kg, growing by 7.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%.

Export prices varied noticeably by the country of origin; the country with the highest export price was the UK ($4.3 per kg), while the average price for exports to Mexico ($2.8 per kg) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the United Arab Emirates (+6.4% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Ice Cream Imports
Imports into the USA

Ice cream imports into the U.S. amounted to 29K tonnes in 2018, increasing by 13% against the previous year. The total import volume increased at an average annual rate of +4.4% from 2008 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. In value terms, ice cream imports stood at $86M (IndexBox estimates) in 2018.

Over the period under review, imports of ice cream in the U.S. were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for ice cream.

Imports by Country

In 2018, Mexico (9.8K tonnes) constituted the largest ice cream supplier to the U.S., accounting for a 34% share of total imports. Moreover, ice cream imports from Mexico exceeded the figures recorded by the second largest supplier, Canada (2.8K tonnes), threefold. South Korea (2.6K tonnes) ranked third in terms of total imports with a 9% share.

From 2008 to 2018, the average annual growth rate of volume from Mexico totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-10.4% per year) and South Korea (+6.6% per year).

In value terms, Thailand ($13M), Italy ($9M) and South Korea ($7.7M) were the largest ice cream suppliers to the U.S., with a combined 35% share of total imports. These countries were followed by Canada, Hungary, South Africa, Germany, Australia, Mexico, France, Israel and India, which together accounted for a further 52%.

Import Prices by Country

The average ice cream import price stood at $3 per kg in 2018, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%.

Import prices varied noticeably by the country of origin; the country with the highest import price was Thailand ($7.6 per kg), while the price for Mexico ($344 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of import prices was attained by Mexico (+11.1% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Wells Enterprises, Ben & Jerry's Homemade, Blue Bell Creameries, The Jel Sert Co, Friendly's Ice Cream, Hershey Creamery Company, Fieldbrook Foods Corporation, Dianne's Fine Dessert, Chobani Idaho, Baldwin Richardson Foods Company, Edy's Grand Ice Cream, Graeter's Manufacturing, Perry's Ice Cream Company, House of Flavors, Talenti I, Hain Refrigerated Foods, Rocky Mountain Pies, Ice Cream Specialties, Shenandoah's Pride, TLC-Lc, Blue Bell Creameries Usa, Ffc Holding Corporation and Subsidiaries, Vasari, WEI Sales

Source: IndexBox AI Platform

Product coverage:
• NAICS 311520 - Ice cream and frozen dessert manufacturing

This report provides an in-depth analysis of the ice cream market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007-2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2018
Figure 5:
Trade Balance, In Physical Terms, 2007-2018
Figure 6:
Trade Balance, In Value Terms, 2007-2018
Figure 7:
Per Capita Consumption, 2007-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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