The global ice cream coating market size is expected to be valued at USD 3,486.1 million in 2023 and is projected to grow at a CAGR of 3.3%, reaching USD 4,819.0 million by 2033. This growth is driven by the rising global demand for ice cream products. Between 2018 and 2022, the market registered a CAGR of 2.3%.
Ice cream coatings are often high-fat substances that impact viscosity and texture during production. Typically made from inexpensive fats like coconut oil or hydrogenated palm kernel fat, these coatings form thin layers that contribute to a desirable snap and pleasant cold melting effect. To achieve a thin layer and a rapid crystallization time, the fat content in ice cream coatings generally exceeds 60%.
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The delectable coating enhances product quality and efficiency while addressing cost concerns. Typically applied at temperatures between 30–35 degrees Celsius, the warm ice cream coating is layered onto deeply frozen ice cream sticks. Rapid hardening ensures the coatings are sufficiently firm for packaging upon application. Ice cream coatings are supplied in buckets, containers, or via 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
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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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