GCC Ice Cream Market Report

Market Overview:

The GCC ice cream market is projected to exhibit a growth rate (CAGR) of 6.70% during 2023-2028. The rising product demand in the hospitality and tourism sector, several innovations in flavors and packaging designs, and changing consumer preferences toward healthier alternatives such as incorporating plant-based ingredients, with minimized sugar and fat content are some of the key factors driving the market.

Ice cream is a delightful frozen dessert produced primarily with milk, cream, sugar, and flavorings, typically fruit, chocolate, or nuts. It involves combining the ingredients and then churning the mixture while simultaneously freezing it. This whipping action creates a smooth and creamy texture by incorporating air into the mixture. It is a creamy and indulgent treat blended and frozen to achieve its smooth and luscious texture. It is a versatile dessert, often served in cones or cups or with other desserts such as cakes and pies. Additionally, it holds a special place in the hearts of consumers, being a popular choice for celebrations, family gatherings, and as a treat during hot summer days. As a result, ice cream is available in numerous flavors and varieties, ranging from traditional favorites such as chocolate, vanilla, and strawberry to more exotic options such as mango, matcha, or salted caramel across the gulf cooperation council (GCC) region.

GCC Ice Cream Market Trends:

The market is primarily driven by the evolving consumer preferences for new and innovative flavors. In addition, the increasing demand for unique taste experiences encourages manufacturers to continuously experiment with diverse flavor combinations, catering to the adventurous palates of consumers, thus influencing market growth. Moreover, the growing popularity of healthier and more wholesome options in the food industry containing natural and organic ingredients, free from artificial additives and preservatives, represents another major growth-inducing factor. Besides this, the introduction of healthier ice cream alternatives, incorporating plant-based ingredients with minimized sugar and fat content without compromising on taste and texture, is accelerating the product adoption rate. Along with this, the rise of e-commerce and online food delivery platforms offers the convenience of ordering ice cream products online and allows consumers to enjoy their favorite frozen treats from the comfort of their homes, thus propelling the market growth. It also led to opening new avenues for ice cream businesses, enabling them to reach a broader customer base and expand their market presence. Apart from this, customers are expecting personalized experiences, and key players are providing customizable options, allowing consumers to create their unique flavors and mix-ins, thus augmenting the market growth. This level of personalization also enhances customer engagement and fosters brand loyalty. Furthermore, the growing focus on sustainable and environmentally friendly practices across the food sector is resulting in brands emphasizing sustainable sourcing of ingredients, eco-friendly packaging, and adopting energy-efficient production methods, thus creating a positive market outlook.

GCC Ice Cream Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the GCC Ice cream market report, along with forecasts at the regional and country levels for 2023-2028. Our report has categorized the market based on flavor, category, product, and distribution channel.

Flavor Insights:

• Chocolate
• Fruit
• Vanilla
• Others
   

The report has provided a detailed breakup and analysis of the market based on the flavor. This includes chocolate, fruit, vanilla, and others.

Category Insights:

• Impulse Ice Cream
• Take-Home Ice Cream
• Artisanal Ice Cream
   

The report has provided a detailed breakup and analysis of the market based on the category. This includes impulse ice cream, take-home ice cream, and artisanal ice cream.

Product Insights:

• Cup
• Stick
• Cone
• Brick
• Tub
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes cup, stick, cone, brick, tub, and others.

Distribution Channel Insights:

• Supermarkets/Hypermarkets
• Convenience Stores
• Ice Cream Parlours
• Online Stores
• Others
   

A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes supermarkets/hypermarkets, convenience stores, ice cream parlours, online stores, and others.

Country Insights:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

GCC Ice Cream Market Report Coverage:

Key Questions Answered in This Report:

• How has the GCC ice cream market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the GCC ice cream market?
• What is the breakup of the GCC ice cream market on the basis of flavor?
• What is the breakup of the GCC ice cream market on the basis of category?
• What is the breakup of the GCC ice cream market on the basis of product?
• What is the breakup of the GCC ice cream market on the basis of distribution channel?
• What are the various stages in the value chain of the GCC ice cream market?
• What are the key driving factors and challenges in the GCC ice cream market?
• What is the structure of the GCC ice cream market and who are the key players?
• What is the degree of competition in the GCC ice cream market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC ice cream market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC ice cream market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC ice cream industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.