The global demand for ice cream coatings is expected to reach USD 3,486.1 million in 2023, with projections indicating a 3.3% compound annual growth rate (CAGR) leading to a value of USD 4,819.0 million by 2033. This growth is driven by rising global demand for ice cream products. From 2018 to 2022, the ice cream coating market saw a CAGR of 2.3%.
Ice cream coating is usually a very high-fat product that will change its viscosity and behavior during production. Ice cream coatings are thin layers which are manufactured from comparatively inexpensive fats like coconut oil or hydrogenated palm kernel fat. Coconut oil and palm kernel oil provides decent snap of coating and pleasant cool melting. The total fat content present in ice cream coating is often above 60% than their counterparts (28-35%) to achieve a sufficiently thin layer and a short crystallization time.
The excellent tasting coating increases the quality and production and decreases the price problems. Ice Cream coating is heated up to 30-35 degree Celsius. The deep-frozen ice cream stick is dipped into the warm ice cream coating. The coatings are solidifying quickly on the ice cream stick, so the coating is sufficiently solid at the time of packaging. The ice cream coatings are supplied via buckets, containers or liquid food tankers.
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What are Some Prominent Drivers Spearheading Ice Cream Coating Market Growth?
The increasing demand for ice cream coatings in the ice cream parlours, dairy, and HoReCa (Hotel, Restaurant, and Cafe) is driving the growth of the ice cream coating market during the forecast period. The increasing awareness among bakers and parlours regarding the utilization of coating with the ice creams to improvise the shape, quality, and taste of ice creams is expected to drive the market over the forecast period.
Also, the growing demand for ice cream products in the food and beverages industry due to increasing per capita income and rising consumer preference is expected to drive the global ice cream coating market. The ice cream coating helps to improve the taste and quality of ice cream products which will increase the growth of the market during the forecast period. Rapid urbanization is increasing the demand for food products and also changing the eating trends of the consumers which are expected to propel the global ice cream coating market.
What are the Challenges Faced by the Ice Cream Coating Industry?
No market is devoid of challenges and the global ice cream coatings market is no exception. Rising health concerns among the consumers and growing popularity of low-calorie products may hamper the growth of the ice cream coating market. The high storage cost, the short lifespan of ice-creams, and seasonal demand for the product may also impede the growth of the market.
Some of the key participants present in the global ice cream coatings market include Chr. Hansen Holding A/S, FONA International, Smucker Company, Walter Rau Neusser Ol und Fett AG, Blommer Chocolate Company, Palsgaard, Göteborgsfood Budapest Ltd., and Barry Callebaut among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Chr. Hansen Holding A/S, FONA International, and Smucker account for a considerable market size, and several regional-level players are also operating across key growth regions, particularly in Asia Pacific.
- In February 2021 – Smucker introduced a new Unicorn Magic Shell ice cream topping. This Magic Shell topping features a delicious and dreamy white cupcake flavor with beautiful speckles of pink, blue, and purple – a few of every unicorn′s favorite colors.
- In May 2023, Maersk entered a long-term partnership with Barry Callebaut, with groundbreaking of the new cocoa bean warehouse situated in Malaysia.
- Nestlè announced investing in the Yield Lab Latam from its sustainability fund, to find sustainable solutions in the food industry in June 2023.
Key Segments Profiled in the Ice Cream Coating Industry Survey
By Types:
- Dark
- Milk
- Yogurt
- White
- Colored
- Flavored Types
By Application:
- Dipping
- Enrobing
- Spraying
- Co-Extrusion
- Chocolate Aeration
By End-user:
- Parlors
- Dairies
- Horeca (Hotel, Restaurants, Café)
- Other
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
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