GCC Ice Cream Market: Long summers and hot climate conditions are projected to boost the Growth

The GCC ice cream market is accounted to US$ 543.0 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 969.1 Mn by 2027.

Most countries in GCC, such as Saudi Arabia, UAE, Kuwait, and Bahrain, have traditionally been oil economies, but in recent years they have started to promote themselves tourist hubs in the Gulf. Therefore, the demand for ice cream has also surged due to increasing tourism in some of the countries such as the UAE and Saudi Arabia. GCC countries enjoy hot sunny days during the most part of the year. Summer is an undisputed season for the consumption of ice cream and related products. The hot climate and sweltering afternoons in the GCC make for a perfect atmosphere to relish frozen desserts and ice creams. This further boosts the ice cream market in GCC.

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Company Profiles

Desert Chill Ice Cream LLC
Dunkin Brands, Inc.
General Mills, Inc.
Maras Turka
Mini Melts Inc.
Nestle S.A.
IFFCO
Mars, Incorporated
Graviss Group (Pure Ice Cram Co. LLC)
Unilever
Saudi Dairy & Foodstuff Co Ltd

The climate in GCC countries such as Saudi Arabia, UAE, Qatar, and Bahrain, among others, is very hot. The UAE has a desert climate, characterized by pleasantly mild winters and very hot, sunny summers. Summers in the UAE are very hot, and the temperature ranges from 38 °C to 42 °C. Likewise, Saudi Arabia is an extremely dry country, and rainfall is minimal. In summers, the country witnesses blistering heat and humid temperatures thus, making it uncomfortable to get around. The climate of Qatar can be described as a subtropical dry, hot desert climate with low annual rainfall, very high temperatures in summer. The harsh climatic condition results in high demand for cold food and beverages. Therefore, ice-cream remains the favorite frozen dessert in GCC countries such as Saudi Arabia, UAE, Qatar, and Bahrain. A large number of ice-cream manufacturers operating in the GCC ice cream market are focusing on introducing new ice-cream variants in the GCC market. Additionally, the growth of the tourism sector and restaurant businesses in the UAE, Qatar, and Bahrain is also expected to support the growth of the ice-cream market.

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Lactose is one of the main constituent sugars in dairy milk. Lactose intolerance a condition found in many humans; it is characterized by the inability to digest sugar (lactose) in dairy products fully. It is usually caused by a deficiency of the lactase enzyme due to the inability of the body to synthesize it. The growing rate of lactose intolerances around the world has created a demand for gluten- and lactose-free products, including ice-creams. The rapidly expanding trend of veganism has further driven the market for vegan, lactose- and gluten-free ice-cream varieties made from ingredients that are devoid of animal products, based on other milk substitutes, such as almond milk and coconut milk. People of Arab ethnicity are more prone to lactose and gluten intolerances. The growing incidences of lactose intolerance in the GCC is expected to generate high demand for gluten- and lactose-free ice cream products during the forecast period. These factors lead to surge in demand for gluten- and lactose-free ice cream market.

The GCC ice cream market by type has been categorized in impulse ice cream, take-home ice cream, and artisanal ice cream. The demand for impulse ice cream is rising as they can be readily consumed without the need for portioning or preparation. Impulse Ice Cream includes ice cream products such as ice cream cones, ice cream sandwiches, chocolate-coated ice creams, and single-serve ice cream tubs. Impulse ice cream products such as ice cream cones and ice cream sandwiches are sold in individual packages while the traditional ice cream ball in the wafer is sold without a package. Impulse ice creams segment dominates the ice cream market owing to its high popularity among individuals of all age groups. Impulse ice creams offer the convenience of eating ice cream whenever and wherever one wants.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the GCC Ice Cream Market

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The key findings and recommendations highlight crucial progressive industry trends in the GCC Ice Cream Market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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