Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 2570.880243001893 USD Million |
| 2019 | 2728.791732484608 USD Million |
| 2020 | 2840.251115535829 USD Million |
| 2021 | 3078.9107732589428 USD Million |
| 2022 | 3317.8608530315823 USD Million |
| 2023 | 3542.7834244373826 USD Million |
| 2024 | 3747.8894031125774 USD Million |
| 2025 | 3968.508154314112 USD Million |
| 2026 | 4206.030428463893 USD Million |
| 2027 | 4461.989422810949 USD Million |
| 2028 | 4705.444829803837 USD Million |
| 2029 | 4967.028508326189 USD Million |
| 2030 | 5248.353754554206 USD Million |
| 2031 | 5551.198930283083 USD Million |
| 2032 | 5877.526213584504 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The U.K. ice cream market is full of opportunities with increasing demand for frozen desserts among the younger and health-conscious generations. Over the past few years, there has been a rise in health-conscious consumers and this trend has shaped up the U.K. ice cream market. To meet this demand, producers have introduced various kinds of ice cream flavours, organic and health-promoting options, gluten-free options, and innovative packaging ideas.In 2018, the U.K. ice cream market was worth £1.5 billion and is expected to be worth £2.3 billion by 2032. To meet the demands of health-conscious consumers, manufacturers are continuing to come up with innovative product and packaging ideas. Ice cream manufacturers are also expanding their share of the market via joint ventures, investments, and acquisitions to gain access to new technologies and markets.Ice cream producers have also begun to diversify their product portfolios and have introduced a range of ice cream flavours, texture, and formats such as sundaes, ice cream bars, and other novelty items. Likewise, there has been an upsurge in the number of ice cream parlours opening in the U.K.
Specialised ice cream parlours have become a popular hang-out spot for people of all ages and ice cream parlours continue to attract customers with creative and innovative flavours.In the last couple of years, the U.K. ice cream market has seen several successful products, such as Magnum Tubs, Cornetto Cones, and Wall's Take 5' Bars. The launch of such products has further compelled manufacturers to introduce various indulgent products to differentiate their products from the rest.Cold Stone Creamery, a U.S.-based ice cream retailer, is also setting up its first store in the U.K. Cold Stone Creamery shops will serve gourmet ice cream and mix-ins which have been gaining popularity in North America and Australia. Such product diversification is expected to further boost growth of the U.K. ice cream market in the coming years.Overall, the U.K. ice cream market is expected to experience significant growth by 2032, attributed to changing preferences of consumers, product innovations, and increasing number of ice cream parlours. Consistent increases in demand are expected to fuel further innovations in product and packaging ideas for the U.K. ice cream market.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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