Market Size:

The global beef market size was valued at USD 459.87 billion in 2024. The market is projected to grow from USD 484.75 billion in 2025 to USD 656.44 billion by 2032, exhibiting a CAGR of 4.43% during the forecast period. North America dominated the beef market with a market share of 39.08% in 2024.

List of Key Market Players:

• JBS SA (Brazil)
• National Beef Packing Company, LLC (U.S.)
• American Foods Group, LLC. (U.S.)
• Agri Beef Co. (U.S.)
• Perdue Farms Inc. (U.S.)
• Tyson Foods, Inc. (U.S.)
• Strauss Brands LLC (U.S.)
• Cargill, Incorporated(U.S.)
• Central Valley Meat (U.S.)
• Danish Crown A/S (Denmark)

Segmentation-

The beef market is broken down into three main categories. By product, it's segmented into cuts like ground beef, roasts, and steaks. For distribution, it's sold through retail stores, the food service industry (hotels, restaurants, and cafés), and butcher shops. The market is also divided by major geographic regions: North America, Europe, Asia Pacific, and the Middle East & Africa.

Report Coverage-

The report offers a detailed look at the beef market, focusing on major companies, different beef cuts, and distribution channels. It also provides market insights and highlights important industry developments. Additionally, the report covers other factors that have contributed to the market's growth in recent years.

Source: https://www.fortunebusinessinsights.com/beef-market-106640

Drivers & Restraints-

Increasing Beef Consumption and Sales to Augment Market Growth Worldwide

The global beef market is experiencing positive momentum fueled by several key drivers. Market expansion is supported by a strengthening global distribution network, robust demand from the foodservice sector, and the emergence of e-commerce platforms. Conversely, the market's long-term trajectory is challenged by significant headwinds, primarily mounting environmental concerns regarding greenhouse gas emissions from animal agriculture. This is fostering a movement toward reduced meat consumption, which may lead to a contraction in livestock farming.

Beef Market Future Outlook

• Rising Demand : Global demand for beef is projected to grow, driven by population growth and shifting dietary preferences, particularly in developing nations.
• Sustainability Concerns : With increasing awareness of environmental issues, consumers are likely to push for more sustainable farming practices within the beef industry.
• Technological Advancements : Innovations in farming technology are expected to enhance production efficiency, helping meet rising demand while lowering costs and reducing environmental impact.
• Health Trends : The growing focus on leaner meat options may influence beef production strategies, leading to a shift in product offerings to align with health-conscious consumer preferences.

Competitive Landscape-

Key Players Adopt New Growth Strategies to Stay Ahead of the Competition

The global beef market is dominated by a few major corporations, with companies like Cargill Inc., JBS SA, Tyson Foods Inc., LLC, National Beef Packing Company, and Danish Crown A/S leading the competition to boost revenue. To drive market growth, these companies are adopting strategies focused on product innovation and expanding their manufacturing operations geographically.

In addition, they are working to integrate their supply chains to gain greater control over production processes. Blockchain technology is being utilized to monitor cattle health and ensure product safety. Manufacturers are also focusing on developing innovative solutions to cater to diverse consumer tastes and preferences across different regions, in response to the growing demand for unique meat products.

Beef Market Trends

• Rising Demand : Global demand for beef is on the rise, with consumers increasingly seeking higher-quality meat, which in turn drives prices upward.
• Health-Conscious Choices : A growing number of consumers are opting for leaner cuts of beef, influencing the types of products that are marketed and sold.
• Sustainable Practices : In response to consumer demand for eco-friendly options, many producers are adopting sustainable farming methods.
• Price Fluctuations : The beef market is subject to regular price fluctuations, driven by factors such as weather conditions, feed costs, and disease outbreaks.

Notable Industry Development-

April 2023 -  Aleph Farms, one of the leading cultivated meat producers, announced plans to launch its brand Aleph Cuts with beef products, such as Petit Steak. The company was planning to launch these products in Israel and Singapore.

Market Size:

The global non-alcoholic beverages market size was valued at USD 919.13 billion in 2019 and is projected to reach USD 1601.87 billion by 2032, exhibiting a CAGR of 6.84% during the forecast period based on our analysis in the existing report. North America dominated the non-alcoholic beverages market with a market share of 21.71% in 2019.

Key  non-alcoholic beverages market trends  are driving this growth, which is anticipated to rise significantly on account of the increasing consumer focus on health and fitness and the growing inclination toward healthy beverages. As per a recent published report by Fortune Business Insights titled, “Non-alcoholic Beverages Market Share, Size, & Industry Analysis, By Type (Carbonated Soft Drinks, RTD Coffee & Tea, Bottled Water, and Fruit Beverages), Distribution Channel (Supermarket/ Hypermarket, Food Services Sector, Convenience Stores, Specialty Stores, and Online Retails), and Regional Forecast, 2020-2032,”

List of Companies Profiled in the Report:  

• Pepper Snapple Group, Inc. (Texas, U.S.)
• Monster Beverage Corp (California, U.S.)
• PepsiCo, Inc. (New York, U.S.)
• ITO EN Ltd (Tokyo, Japan)
• The Coca-Cola Company (Georgia, U.S.)
• Reed’s, Inc. (Norwalk, U.S.)
• The Kraft Heinz Company (Chicago, U.S.)
• Appalachian Brewing Co. (Harrisburg, U.S.)
• Nestle S.A. (Vevey, Switzerland)
• Arca Continental SAB de CV (Monterrey, Mexico)       

The Report is based on the following factors:

• A 360-degree overview of the market focusing on drivers, restraints, challenges, and upcoming opportunities
• Nature of market and list of key players operating in the market for non-alcoholic beverages
• Detailed list of segmentation with names and figures of leading segments
• Future of the market

Source: https://www.fortunebusinessinsights.com/industry-reports/non-alcoholic-beverages-market-101927

Drivers & Restraints-

Increasing Popularity of Refreshment Drinks to Aid in Favor

The increasing incidence of both acute and chronic health conditions has prompted consumers to embrace healthier lifestyles, which include regular physical activity and the intake of nutritious food and beverages. This growing health consciousness is a key driver behind the expansion of the global non-alcoholic beverages market. Furthermore, the rising demand for refreshing drinks and the continuous launch of innovative flavors are expected to propel market growth in the coming years.

Nevertheless, the industry may encounter challenges such as fluctuating prices of raw materials—especially seasonal fruits—and possible disruptions in supply chains. Despite these hurdles, the growing prominence of e-commerce platforms and the rising production of soft drinks to satisfy consumer demand are set to present significant growth opportunities for the market moving forward.

Segmentation-

Carbonated Soft Drinks Segment Emerged Dominant Owing to its Refreshing Properties

Among all segments in type, the carbonated soft drinks segment earned 39.80% share in 2019 and emerged dominant. This segment is holding the largest non-alcoholic beverages market share on account of its refreshing properties and cost-efficiency.

Regional Analysis-

Asia Pacific Held Largest Shares Attributing to Rising Disposable Income of People

Among all regions, Asia Pacific held the largest non-alcoholic beverages market share in 2019. This is attributable to the increasing modernization and adoption of western habits among people that resulted in rise in expenditure on beverage products. On the other side, the North American market earned USD 199.53 billion and will showcase significant growth in the coming years on account of rising demand for sports drinks and RTD beverages in the region. Besides this, the Europe market will witness a notable growth on account of the decline in consumption of alcoholic beverages and increasing popularity of ‘better-for-you” products, thereby promoting the consumption of healthy soft drinks.

Non-Alcoholic Beverages Market Future Outlook* Growing Health Consciousness: More consumers are focusing on health and wellness. This trend is driving demand for low-calorie and sugar-free options.

• Diverse Product Range: The market is expanding with innovative flavors and formulations. Brands are introducing everything from sparkling waters to herbal teas to meet diverse tastes.

• Sustainability Focus: Eco-friendly packaging is becoming a priority. Many brands are adopting sustainable practices to appeal to environmentally conscious consumers.

Competitive Landscape-

Coca-Cola Company is Dominating Market Attributing to Continuous Innovations

The global non-alcoholic beverages market is dominated by a few major players, including Nestlé S.A., The Coca-Cola Company, and PepsiCo Inc., who collectively hold a significant market share. Among them, The Coca-Cola Company stands out for its continuous innovation in product offerings, such as its VitaminWater range, probiotic drinks, fermented beverages, and ready-to-drink (RTD) solutions. For example, in March 2019, Coca-Cola introduced a Jaljeera-flavored beverage in India, catering to local taste preferences.

Other leading companies are also actively focusing on new and innovative product launches to strengthen their market position. In addition to innovation, many businesses are adopting collaborative strategies—such as partnerships, joint ventures, agreements, and contracts—to expand their market presence and achieve strong revenue growth in the years ahead.

Industry Developments:

December 2019 –  The launch of a greenhouse accelerator program in 2020 was announced in North America by PepsiCo Co. to help smart startup companies provide the base for following up with the current trends in the non-alcoholic beverage segment and earn a position in the market competition.

Market Overview

The global prepared meals market size was valued at USD 178.83 billion in 2024. The  prepared meals market Growth  is projected to take the market from USD 190.71 billion in 2025 to USD 291.27 billion by 2032, exhibiting a CAGR of 6.24% during the forecast period. Europe dominated the prepared meals market with a market share of 33.65% in 2024.

List of Key Players Covered in the Report

• General Mills (U.S.)
• NestleA.(Switzerland)
• Tyson Foods (U.S.)
• ConAgra Brands (U.S.)
• Dr Oetker (Germany)    
• Green Mill Foods (U.S.)
• Unilever (U.K.)
• M. Smucker Co. (U.S.)
• McCain Foods (Canada)
• Kellogg Company (U.S.)

Segments

The global ready meals market is experiencing significant growth, driven by increasing consumer preference for frozen and chilled options.

• By Product:  Frozen meals represent the largest and most popular market segment, outperforming chilled and canned meals.
• By Distribution:  Supermarkets and hypermarkets dominate the distribution landscape, holding a substantial market share due to their extensive brand selection and convenient accessibility.
• By Geography:  The market analysis covers five key regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/prepared-meals-market-105002

Report Coverage

The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report. Step by step, a thorough regional analysis is offered. The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. The top players in the market are identified and their strategies to bolster the prepared meals market growth are shared in the report.

Driving Factors

Convenience Food Demand Rises, Supporting Market Growth

A convergence of consumer trends is reshaping the convenience food market. Key demographics, including time-constrained professionals, Millennials, and Generation Z, are fueling innovation toward premium packaged meals. This trend is amplified by discerning "foodies" who demand sophisticated, nutritious options. Consequently, there is a growing market need for portable, high-quality food solutions, compelling brands to develop new products that meet these evolving consumer expectations.

Prepared Meals Market Trends

The prepared meals market is booming, driven by consumer demand for convenience without compromising on health. Key trends include a surge in plant-based, gluten-free, and ‘clean label’ options using natural, high-quality ingredients. Global cuisines and ethnically diverse flavors are gaining significant popularity, moving beyond traditional fare.

Direct-to-consumer (DTC) subscription services are disrupting retail, offering personalization for specific diets like keto or vegan. Furthermore, sustainability is a growing focus, influencing packaging choices and ingredient sourcing. The market is shifting towards fresh, premium offerings over traditional frozen meals, reflecting a more discerning consumer base.

Regional Insights

Europe Dominated Backed by Increasing Premiumization

In 2021, Europe overtook Asia as the largest market. The introduction of more exotic items, the drive toward premiumization, and the influence of private labels are just a few of the causes that are predicted to cause the industry to expand dramatically.

Due to rising processed food demand and rising income levels among the populace, the market in North American nations such as the U.S. and Canada is anticipated to experience significant growth.

The Asia Pacific region is anticipated to experience tremendous growth in the near future. Other developing nations such as India, the Philippines, Singapore, and Australia are growing quickly due to their great potential and low saturation. Japan and China still hold a sizable prepared meals market share.

Competitive Landscape

Key Players Sign Significant Contracts to Make Remarkable Changes in the Market

The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their own company.

Key Industry Development

• April 2025 –  DDC Enterprise Ltd., a leading multi-brand Asian company, signed a strategic agreement with Hewen Agricultural Technology Limited, a premium prepared-meal producer, to excel in D2C delivery of RTE food products, including meals, across Mainland China.
• July 2024 –  Mars Food & Nutrition, a Mars, Incorporated business segment offering ready meals, launched new products to expand its ready meals space. Ben’s Original Street Food is a range of entrées being launched across the U.S. and Canada in four different meal bowls. Ben‘s Original Lunch Bowls include a range of tasty grain and vegetable bowls across the U.K.

Market Overview

The India biostimulants market size was valued at  USD 355.53 million in 2024 . The market is projected to grow from  USD 410.78 million in 2025 to USD 1,135.96 million by 2032 , exhibiting a CAGR of 15.64% during the forecast period. There is a rising demand for organic farming and an increasing yield per hectare investment to bolster market development.  Fortune Business Insights™  provides this information in its report titled “ India Biostimulants Market, 2025-2032. ”

Biostimulants are biologically-derived substances applied to soil or plants to improve biotic and abiotic stress tolerance, nutrient uptake ability, and pest protection. Robust demand for organic foods fuels the adoption of organic farming, which, in turn, may boost the product’s adoption. Further, rising investments to improve yield per hectare may bolster the product’s demand. These factors may propel the India biostimulants market share in the coming years.

List of Key Players Profiled in the Report:

• Rallis India Ltd. (India)

• Gujarat State Fertilizers & Chemicals Limited (India)

• PI Industries (India)

• Bayer AG (Germany)

• UPL Limited (India)

• FMC Corporation (U.S.)

• BASF SE (Germany)

• Southern Petrochemical Industries Corporation (India)

• Novozymes (Denmark)

• Syngenta (Switzerland)

Segments

By source, the market is bifurcated into microbial and non-microbial. As per active ingredient, it is classified into seaweed extracts, humic substances, vitamins & amino acids, microbial amendments, and others. Based on application, it is classified into foliar treatment, soil treatment, and seed treatment. Based on crop type, it is clubbed into row crops, fruits & vegetables, turf & ornamentals, and others.

Source: https://www.fortunebusinessinsights.com/india-biostimulants-market-106785

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Risks Associated with Synthetic Chemicals Adoption in Agriculture to Bolster Market Development

Pesticides and fertilizers have been used extensively in the agricultural sector due to their effectiveness. However, concerns regarding their risks to human health have increased the adoption of organic counterparts. Biostimulants are a highly effective and organic alternative to chemical farming that improve crop quality and are completely safe. Furthermore, the rising demand for organic foods from the population fuels the adoption of chemical-free products. Moreover, increasing government support for the adoption of organic farming may boost product adoption. Additionally, the rising awareness among farmers regarding agrochemicals is expected to drive the India biostimulants market growth.

However, sub-optimal marketing and commercialization of the product may hinder the market’s progress.

Competitive Landscape

Companies Launch Novel Products to Bolster Brand Image

The prominent companies operating in the market announce novel products to boost their convenience and enhance their brand image. For example, Tradecorp announced its biostimulant Biimore, known as Quikon, in India in October 2021. It is used to develop pre-flowering in broadacre legume crops, tree crops, and horticultural crops. This development may enable the company to enhance its brand image. Furthermore, companies adopt research and development, mergers, acquisitions, expansions, and attractive pricing to boost their market position.

Key Industry Development

• March 2023:  Telluris Biotech, a Hyderabad-based company engaged in the manufacturing and supplying of crop protection solutions, planned to raise USD 12 million. The company has received provisional registration for its biostimulant products and plans to increase crop productivity and quality through new launches and certifications.

Market Overview

The India biostimulants market size was valued at  USD 355.53 million in 2024 . The market is projected to grow from  USD 410.78 million in 2025 to USD 1,135.96 million by 2032 , exhibiting a CAGR of 15.64% during the forecast period. There is a rising demand for organic farming and an increasing yield per hectare investment to bolster market development.  Fortune Business Insights™  provides this information in its report titled “ India Biostimulants Market, 2025-2032. ”

Biostimulants are biologically-derived substances applied to soil or plants to improve biotic and abiotic stress tolerance, nutrient uptake ability, and pest protection. Robust demand for organic foods fuels the adoption of organic farming, which, in turn, may boost the product’s adoption. Further, rising investments to improve yield per hectare may bolster the product’s demand. These factors may propel the India biostimulants market share in the coming years.

List of Key Players Profiled in the Report:

• Rallis India Ltd. (India)

• Gujarat State Fertilizers & Chemicals Limited (India)

• PI Industries (India)

• Bayer AG (Germany)

• UPL Limited (India)

• FMC Corporation (U.S.)

• BASF SE (Germany)

• Southern Petrochemical Industries Corporation (India)

• Novozymes (Denmark)

• Syngenta (Switzerland)

Segments

By source, the market is bifurcated into microbial and non-microbial. As per active ingredient, it is classified into seaweed extracts, humic substances, vitamins & amino acids, microbial amendments, and others. Based on application, it is classified into foliar treatment, soil treatment, and seed treatment. Based on crop type, it is clubbed into row crops, fruits & vegetables, turf & ornamentals, and others.

Source: https://www.fortunebusinessinsights.com/india-biostimulants-market-106785

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Risks Associated with Synthetic Chemicals Adoption in Agriculture to Bolster Market Development

Pesticides and fertilizers have been used extensively in the agricultural sector due to their effectiveness. However, concerns regarding their risks to human health have increased the adoption of organic counterparts. Biostimulants are a highly effective and organic alternative to chemical farming that improve crop quality and are completely safe. Furthermore, the rising demand for organic foods from the population fuels the adoption of chemical-free products. Moreover, increasing government support for the adoption of organic farming may boost product adoption. Additionally, the rising awareness among farmers regarding agrochemicals is expected to drive the India biostimulants market growth.

However, sub-optimal marketing and commercialization of the product may hinder the market’s progress.

Competitive Landscape

Companies Launch Novel Products to Bolster Brand Image

The prominent companies operating in the market announce novel products to boost their convenience and enhance their brand image. For example, Tradecorp announced its biostimulant Biimore, known as Quikon, in India in October 2021. It is used to develop pre-flowering in broadacre legume crops, tree crops, and horticultural crops. This development may enable the company to enhance its brand image. Furthermore, companies adopt research and development, mergers, acquisitions, expansions, and attractive pricing to boost their market position.

Key Industry Development

• March 2023:  Telluris Biotech, a Hyderabad-based company engaged in the manufacturing and supplying of crop protection solutions, planned to raise USD 12 million. The company has received provisional registration for its biostimulant products and plans to increase crop productivity and quality through new launches and certifications.

Market Overview
The global pasta market size was valued at USD 71.50 billion in 2024. The market is projected to grow from USD 75.50 billion in 2025 to USD 108.67 billion by 2032, exhibiting a CAGR of 5.34% during the forecast period.

The analysis shows that the growing demand for convenience food boosts the consumption of pasta options across developed and developing nations. Pasta, a widely recognized food product made from unleavened dough, is popular among younger populations as a nutritious and easy-to-prepare food choice. This trend indicates a strong and growing demand for pasta worldwide.

Major Players Profiled in the Market Report:

• Barilla Group (Italy)
• F.lli De Cecco di Filippo S.p.A (Italy)
• Ebro Foods, S.A (Spain)
• Nestlé S.A. (Switzerland)
• Unilever plc (U.K.)
• Armanino Foods-Distinction Inc. (U.S.)
• The Kraft Heinz Company (U.S.)
• Banza Inc. (U.S.)
• Borges International Group, S.L.U. (Spain)
• 8TH Avenue Food & Provisions (U.S.)

Segments
Longer Shelf Life and Widespread Use to Propel Dried Pasta Segment Growth
Based on type, the market is divided into dried, chilled, and canned. The dried pasta segment holds the largest market share, as its long shelf life makes it a convenient pantry staple, appealing to consumers seeking quick and easy meal solutions.

Structural Consistency Benefits to Drive Wheat Segment Expansion
By raw material, the market is categorized into wheat and gluten-free. The wheat segment is leading the market, with wheat-based pasta accounting for 91% of the market in 2025. Semolina flour, derived from wheat, is preferred for its elasticity, which allows for various shapes and helps maintain the product's texture and structural consistency.

Supermarket/Hypermarket to Dominate the Market Due to Lower Prices and Bulk Buying Options
Based on distribution channel, the market is segmented into supermarket/hypermarket, convenience stores, online retail, and others. The supermarket/hypermarket segment holds the largest market share, as these stores offer a broad selection of products, lower prices, and bulk-buying options preferred by consumers.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/pasta-market-102284

Report Coverage
The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints
Rising Demand for Convenience Foods to Foster Market Growth
The demand for ready-to-cook products has increased significantly due to hectic lifestyles and a rising number of working individuals. Products like pasta have gained popularity among millennials and single-person households for their ease of preparation, which significantly shortens meal preparation time, boosting the pasta market growth.

However, unexpected fluctuations in the prices of raw materials, such as wheat, along with rising energy costs and supply chain disruptions, may hamper market growth. Additionally, health concerns related to high carbohydrate intake and gluten-related disorders may pose challenges for the traditional pasta market.

Regional Insights
Convenience and Health Trends Propel Market Growth in Europe
Europe holds the dominant pasta market share, accounting for 38.86% of the global market in 2024. The region’s growth is attributed to consumer demand for convenient meals that limit preparation time. Furthermore, a growing interest in healthy diets has increased the popularity of fortified and fiber-enriched pasta products.

Asia Pacific  is one of the fastest-growing regions in the market. The growth is attributed to the increasing acceptance of Western dietary habits and strong consumer demand for quick meal options in emerging markets such as China, India, and Japan.

Pasta Market Future Growth:
The pasta market is experiencing robust growth, fueled by the rising demand for convenience foods, product innovation, and a shift toward healthier options. Today's consumers are increasingly drawn to plant-based and vegan pasta, driven by health benefits and sustainability concerns. There is a growing interest in functional foods, leading manufacturers to incorporate alternative bioactive compounds and reformulate products with ingredients like legumes. The expansion of e-commerce and new retail channels provides consumers with greater access and choice. While Europe remains a dominant market, the Asia-Pacific region is seeing a surge in demand due to urbanization and evolving dietary habits.

Competitive Landscape
Growing Focus on New Product and Mergers & Acquisition Strategies to Attain Competitive Edge
The market features prominent players like Barilla Group, Ebro Foods, S.A., and others. These leading companies are accelerating growth through strategic initiatives such as new product development, expansion into new markets, and mergers and acquisitions. Their focus on innovation, such as launching plant-based and fresh pasta lines, allows them to adapt to evolving consumer preferences and maintain a competitive edge.

Key Industry Development
June 2023  – "Pastificio Guerra" announced the opening of its first factory in the U.S. This facility would focus on producing fresh pasta, marking a significant expansion for the company into the North American market.

Market Overview :

The global ice cream market size was valued at USD 76.11 billion in 2023 and is projected to expand from USD 79.08 billion in 2024 to USD 132.32 billion by 2032, with this significant  ice cream market growth  exhibiting a CAGR of 6.65% during the forecast period. Moreover, the ice cream market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 28.56 billion by 2032, driven by high demand for frozen dairy desserts and the rising number of fast food chains and restaurants in the country. Asia Pacific dominated the ice cream market with a market share of 32.82% in 2023.

Ice Cream Market Share, Size, & Industry Analysis, By Type (Impulse and Take Home), By Flavor (Vanilla, Chocolate, Fruit, and Others), By Packaging (Cup, Cone, Stick, Brick, Tub, and Others), By Distribution Channel (Hypermarket/Supermarket, Ice cream Parlor, Online Retailer, and Others)

List of Key Players Profiled in the Report

• Nestle S.A. (Switzerland)
• Unilever Group (U.K.)
• General Mills (U.S.)
• Amul (India)
• Dunkin Brands (U.S.)
• Blue Bell Creameries (U.S.)
• Dairy Queen (U.S.)
• Dairy Farmers of America, Inc. (U.S.)
• Cold Stone Creamery (U.S.)
• CAMAL Ltd Company (Azerbaijan)

Segments:

By Type, Impulse Segment to Record Fastest CAGR during 2024-2032

Based on type, the market is bifurcated into impulse and take-home. The impulse segment dominated the market share in 2021, owing to the rising popularity of conveniently packaged products among consumers. On the other hand, the take-home segment will record notable growth through 2032.

By Flavor, Vanilla Segment to Capture Maximum Share through 2032

In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2024-2032, led by the increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

By Packaging, Cup Segment to Exhibit Stellar Growth over 2024-2032

On the basis of packaging, the market is segmented into cup, stick, cone, tub, brick, and others. The cup segment is anticipated to capture the dominant market share till 2032, led by the tremendous popularity of cup ice creams. The convenience associated with this type of packaging makes it extremely popular among consumers.

By Distribution Channel, Online Retailer Segment to Gain Traction through 2032

According to the distribution channel, the market is segregated into ice cream parlor, supermarket/hypermarket, online retailer, and others. Among these, the online retailer segment is projected to grow substantially owing to the growing trend of home delivery. The ease of convenience of online ordering will drive the growth of this segment.

Source: https://www.fortunebusinessinsights.com/ice-cream-market-104847

Report Coverage:

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints :

In response to growing consumer demand for healthier snacks, the ice cream industry is innovating beyond traditional recipes. By incorporating functional and fortified ingredients, brands are positioning ice cream as a nutritious option with benefits that extend beyond simple indulgence. While this strategy is set to drive market growth, companies must navigate the logistical challenges of a short shelf life and the sales fluctuations caused by seasonal demand.

Ice Cream Market Growth

A primary factor is "premiumization," as consumers increasingly seek high-quality, artisanal, and indulgent experiences. Simultaneously, the health and wellness movement has created a surge in demand for "better-for-you" options, including plant-based, dairy-free, low-sugar, and high-protein varieties.

Innovation is also crucial, with manufacturers introducing novel flavors and formats to attract adventurous palates. Furthermore, the expansion of online food delivery services has boosted accessibility and impulse purchases. As disposable incomes rise in emerging economies, these regions represent significant new frontiers for market growth. The industry's ability to balance classic indulgence with modern dietary preferences ensures a dynamic and promising future.

Regional Insights :

Asia Pacific to Dominate Market Share, led by Increasing Disposable Income

Asia Pacific dominated the ice cream market share in 2021 and is expected to grow at a 5.63% CAGR over the forecast period. Fast food's growing popularity, increased disposable income, rapid urbanization, and the influence of Western cuisine and culture have all boosted product consumption throughout Asia Pacific.

North America is expected to capture the second-largest share of the market. The growing number of fast-food chains in the region and the widespread use of natural ingredients in the creation of frozen dairy products are pushing the consumption.

The European market has evolved as major corporations have adjusted their product portfolios in response to consumer interest and demand. 

Competitive Landscape:

Market Players Focus on New Product Development and Launches to Strengthen Position

Leading companies, such as Nestle S.A., Unilever Group, and General Mills, are focusing on new product launches and collaborative ventures with key stakeholders for portfolio expansion and product marketing. For example, Unilever Group announced the launch of the Double Red Velvet variation under its Magnum brand in January 2021.

Key Industry Development:

February 2024:  Unilever partnered with leading precision fermentation innovator Perfect Day to launch Breyers Lactose-Free Chocolate, which is composed of Perfect Day's dairy protein from fermentation in the U.S.

Market Overview

The global  confectionery market growth  is on a steady upward trend, with the market size valued at USD 206.97 billion in 2023. Projections show this expansion continuing, with the market expected to grow from USD 213.74 billion in 2024 to USD 278.36 billion by 2032, reflecting a CAGR of 3.36% over the forecast period.

In 2023, Europe dominated the market with a 38.38% share. Furthermore, the U.S. is set to be a significant driver of future  confectionery market growth , with its market size projected to reach an estimated USD 36.09 billion by 2032. This is fueled by consumers' willingness to spend on artisanal products and the development of new production facilities in the region.

List of Key Players Covered in the Report:

• Super Confectionery
• Ezaki Glico Co., Ltd.
• The Hershey Company
• Mondelez International
• Ferrero SpA
• HARIBO GmbH & Co. KG
• Chocoladefabriken Lindt & Sprungli AG
• Meiji Holdings Co., Ltd.
• Nestle S.A.
• Barry Callebaut

According to the confectionery market report, the value of this market stood at USD 206.97 billion in 2023. The report further contains answers to the following questions:

• What are the major factors driving the market?
• What are the main hurdles that the market is facing and will face in the future?
• What are the key market segments?
• Which region or regions hold the largest potential for the market to grow?
• How are the competitive dynamics shaping the market?
• Who are the prominent players in this market, and what are their key strategies?

Source: https://www.fortunebusinessinsights.com/industry-reports/confectionery-market-100542

Market Driver

Hectic Lifestyles to Foster Sales Opportunities

As the global economy continues to grow, it is generating more employment opportunities and encouraging business development. This economic expansion enables greater access to education and skill-building, resulting in a larger workforce and increased demand for office space, particularly in major urban centers. However, the fast-paced lifestyle that accompanies this growth is contributing to rising levels of stress and poor health. In response, consumers are increasingly seeking convenient, healthier snack options that are low in sugar and fat. Chocolate has emerged as a top choice, not only for its taste but also for its potential health benefits. To meet this demand, companies are introducing sugar-free and organic chocolate products that cater to health-conscious consumers. Research from Loma Linda University supports these trends, showing that chocolate may enhance brain function, reduce stress, and decrease inflammation.

The Sweet Spot: Understanding the Confectionery Market

The confectionery market covers many types of sweets like chocolates and candies, worth billions, and growing every year. People are buying more sweets because they enjoy them and find comfort in them.

Trends Driving the Market

1. Healthier Options

People want candy that's not just tasty but also good for them. They look for sweets with less sugar, that are organic, or that use natural ingredients. This has made it easier to find healthier candy choices.

2. Expensive and Unique

People are ready to spend more on candy that's special and made by hand. They enjoy buying high-quality, unique candies that give them a special experience.

3. Creative Flavors

Candy companies are always coming up with new flavors and ways to make candy. From candies with exotic fruits to spicy-sweet ones, there's a lot of creative candy out there to try.

Regional Analysis

Europe to Lead the Pack; Asia-Pacific to Showcase Excellent Growth Trajectory

Europe is expected to lead the confectionery market with 39% market share in 2018, mainly due to high demand for premium chocolate products. People want unique and high-quality sweets and are ready to pay for them, leading companies to improve their products in Europe. Asia-Pacific also has great potential for growth because of more money available, a growing number of young and working people, and fast city growth. This has led many companies to try to enter the Asian market, especially China and India, by using various strategies.

Competitive Landscape

Launch of Natural Extracts-derived Products to Spur Competition

The candy market is expected to be very competitive as companies try to keep up with the increasing demand for organic candies. They are also looking to sell their products in more countries by launching new items.

Industry Developments:

• May 2023:  Ferrero North America, one of the leading chocolate manufacturers in the U.S., announced new products and seasonal product lines, including products, such as Kinder Chocolate, at the annual expo of sweets & snacks in Chicago.