The global ice cream coating market is projected to reach USD 3,486.1 million in 2023 and grow at a 3.3% CAGR, reaching USD 4,819.0 million by 2033. This growth is driven by increasing global demand for ice cream products. Between 2018 and 2022, the market expanded at a CAGR of 2.3%.
Ice cream coatings are typically high-fat substances that influence viscosity and behavior during production. These coatings consist of thin layers of fat, often made from cost-effective ingredients like coconut oil or hydrogenated palm kernel fat. Coconut oil and palm kernel oil not only provide a pleasing snap and a smooth melting texture but also contribute to a fat content of over 60% in the coating, ensuring a thin layer and quick crystallization.
The coating enhances the quality and production efficiency of ice cream while helping to manage costs. Applied at temperatures of 30–35 degrees Celsius, the warm coating is spread over deep-frozen ice cream sticks. It quickly solidifies upon contact, making it firm by the time of packaging. Ice cream coatings are typically supplied in buckets, containers, or liquid food tankers.
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.
Key Companies Profiled
- Chr. Hansen Holding A/S
- FONA International
- Smucker Company
- Walter Rau Neusser Ol und Fett AG
- Blommer Chocolate Company
- Palsgaard
- Göteborgsfood Budapest Ltd.
- Barry Callebaut
Recent Development
- 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.
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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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