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The global ice cream market size reached USD 71.52 billion in 2021. The market valuation is anticipated to increase from USD 73.61 billion in 2022 to USD 104.96 billion by 2029 at 5.20% CAGR during 2022-2029. Rising consumer spending on fast food, intense research and development operations for the creation of unique product variants, and the product's widespread availability are expected to fuel the global market. Furthermore, market expansion in a number of emerging markets is projected to be aided in the coming years by greater urbanization and rising disposable income, says Fortune Business Insights™, in its report titled “Ice Cream Market, 2022-2029."


List of Key Players Profiled in the Report

Nestle S.A. (Switzerland)
Unilever Group (U.K.)
General Mills (U.S.)
Amul (India)
Dunkin Brands (U.S.)
Blue Bell Creameries (U.S.)
Dairy Queen (U.S.)
Dairy Farmers of America, Inc. (U.S.)
Cold Stone Creamery (U.S.)
CAMAL Ltd Company (Azerbaijan)
Source Link:

https://www.fortunebusinessins....ights.com/ice-cream-

Segments:

By Type, Impulse Segment to Record Fastest CAGR during 2022-2029

Based on type, the market is bifurcated into impulse and take home. The impulse segment dominated the market share in 2021, owing to rising popularity of conveniently packaged product among consumers. On the other hand, the take home segment will record notable growth through 2029.

By Flavor, Vanilla Segment to Capture Maximum Share through 2029

In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2022-2029 led by increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

By Packaging, Cup Segment to Exhibit Stellar Growth over 2022-2029

On the basis of packaging, the market is segmented into cup, stick, cone, tub, brick, and others. The cup segment is anticipated to capture the dominant market share till 2029 led by tremendous popularity of cup ice creams. Convenience associated with this type of packaging makes it extremely popular among consumers.

By Distribution Channel, Online Retailer Segment to Gain Traction through 2029

According to distribution channel, the market is segregated into ice cream parlor, supermarket/hypermarket, online retailer, and others. Among these, the online retailer segment is projected to grow substantially owing to the growing trend of home delivery. Ease of convenience of online ordering will drive the growth of this segment.

Report Coverage:

The report offers:

Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:

Increasing Product Innovation to Drive Market Growth

Traditional ice cream is nutrient-dense, yet it has no health benefits. As a result, the market players are showing growing interest in fortification and the addition of beneficial ingredients that may encourage consumers to select the product as a healthy snack option. Functional foods have advantages above and beyond basic nutrition, and they may help to reduce or eliminate the risk of certain diseases. The global consumption of fortified or functional products is predicted to rise due to increased production, thereby augmenting the ice cream market growth in the forthcoming years.

However, low shelf life and seasonality could affect the product consumption to some extent.


Regional Insights:

Asia Pacific to Dominate Market Share led by Increasing Disposable Income

Asia Pacific dominated the ice cream market share in 2021 and is expected to grow at 5.63% CAGR over the forecast period. Fast food's growing popularity, increased disposable income, rapid urbanization, and the influence of western cuisine and culture have all boosted product consumption throughout Asia Pacific.

North America is expected to capture the second-largest share in the market. The growing number of fast-food chains in the region and the widespread use of natural ingredients in the creation of frozen dairy products are pushing the product consumption.

The European market has evolved as major corporations have adjusted their product portfolios in response to consumer interest and demand.

Competitive Landscape:

Market Players Focus on New Product Development and Launches to Strengthen Position

Leading companies, such as Nestle S.A., Unilever Group, and General Mills, are focusing on new product launches and collaborative ventures with key stakeholders for portfolio expansion and product marketing. For example, Unilever Group announced the launch of the Double Red Velvet variation under its Magnum brand in January 2021.

Key Industry Development:

January 2022: Casper's Ice Cream, a Utah-based company that owns brands such as FatBoy, Jolly Llama, and Churn Baby, was acquired by MidOcean Partners, a New York-based private equity firm.

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BEST PRINT ON DEMAND SHOPIFY STORE EXAMPLES TO TAKE INTO CONSIDERATION

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There are a number of print on demand shops that are doing an excellent job with their store designs and product selection. Here are some of the best print on demand Shopify store examples.

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Read more: https://magenest.com/en/shopify-pet-store/

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According to a recent market analysis by Future Market Insights, the automotive front end module market is expected to reach US$ 22.29 billion in value by 2032. A CAGR of 6.3% is anticipated in the market during the forecast period.

Rising prevalence of Internet of Things (IoT) has a substantial impact on the automotive front end module market growth. Due to the expansion of smart technology, stakeholders have also invested in the development of automotive components that help customers stay connected with other users in automobiles.

OEMs are a desirable sales channel for front end components for automobiles. The ORM channel is additionally anticipated to support market expansion. Therefore, automotive front end module market key players should anticipate opportunities by utilizing the OEM channel in order to achieve sustainability and greater profitability.

Request a Sample of this Report: https://www.futuremarketinsigh....ts.com/reports/sampl

Additionally, the modularization of the product architecture is strongly related to the product design. The FEM modularization is growing in demand, which is likely to accelerate the demand for automotive front end modules.

This implementation is predominantly found in the U.S. automotive industry and is expected to contribute greatly to the worldwide market growth.

Modernizing automotive components, however, can be a significant market-size hurdle. In contrast to fuel economy and emissions, there have been more government mandates and restrictions, which were supposed to open up new business opportunities for the automotive front end module market.

Key Takeaways

The automotive front end module market is likely to have a CAGR of 3% during the forecast period.
The automotive front end module market is currently holding a valuation of US$ 12.13 billion
The automotive front end module market is expected to reach a value of US$ 22.29 billion through 2032.
With an appropriate revenue of 20%, North America leads the gradually expanding global automotive front end module market.
Asia Pacific is anticipated to hold the largest share for the automotive front end module market.
Europe is the second-largest market for automobile front end modules, with a revenue share of 35%.
For more details: https://www.futuremarketinsigh....ts.com/reports/autom
Key players & Startup Contribution

OEMs are putting more of an emphasis on modularization for effective production and vehicle weight reduction to increase fuel efficiency, as well as increased concerns for passenger safety. The main players are concentrating on getting a competitive edge and expanding their market presence.

Mahle Gmbh, Faurecia, Hyundai Mobis, Valeo S.A., Denso Corporation, Calsonic Kansei Corporation, Magna International Inc., Smrpbv, Sl Corporation, Montaplast Gmbh, Wheel Movers (India) Pvt. Ltd., Batsons Industries, Inteva Products, Plastic Omnium, Minda Vast Access Systems Pvt. Ltd., Hanon Systems, Hbpo Group, Aisin Seiki Co. Ltd., Samvardhana Motherson Group, Mitsui Mining & Smelting Co. Ltd., Prabha Engineering Pvt. Ltd, Strattec Security Co., U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile Gmbh & Co., Etc are major players in the automotive front end module market.

Recent Developments

They are a US-based firm that uses V2G communication to create a multi-modal charging network for micro-mobility. They offer intelligent charging hubs with built-in car adapters.
Following the acquisition of Faurecia's Exterior System division in July 2016, Plastic Omnium boosted its automotive FEM market position in the nation.
Officials from Valeo North America stated in June 2017 that they would invest US$25 million to expand their plant in Smyrna, Tennessee. The Smyrna facility expanded 130,000 square feet. to the existing area. The factory creates HVAC goods, as well as active grill shutters and front-end components.
Key Segments Profiled in The Automotive Front End Module Market Survey

By Product Type:

Radiator
Motor
Fan Condenser
Internal Air Cooler
Radiator Core Support
Oil Cooler
Headlight
Front Grill
Front Active Grill
Bumpers
Horn Assembly
Fenders
Hose Assembly
Bracket Assembly
Automotive Air Quality Sensor
Crash Management System

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