Ice Cream Market Will Showcase Positive Impact During 2020-2024 | The Increasing Launch of New Products to Boost the Market Growth
Technavio has been monitoring the ice cream market and it is poised to grow by $ 20.2 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Ice Cream Market 2020-2024 (Graphic: Business Wire)
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The market is fairly fragmented, and the degree of fragmentation will accelerate during the forecast period. Agropur Co-operative, Blue Bell Creameries LP, Dunkin’ Brands Group Inc., Froneri Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Mars Inc., Nestlé SA, New Forest Ice Cream Ltd., Unilever Group, and Wells Enterprises Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increasing launch of new products has been instrumental in driving the growth of the market.
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