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Key regions: South Korea, Spain, United Kingdom, India, Russia
The Ice Cream market in the Confectionery & Snacks market of the UK has seen minimal growth, impacted by factors such as changing consumer preferences and increasing health consciousness. Despite this, convenience and innovation in online services continue to drive the market's growth.
Customer preferences: In the United Kingdom, there has been a growing trend towards healthier ice cream options, such as dairy-free and lower sugar varieties, as consumers become more health-conscious. Additionally, there is a rising demand for premium and indulgent ice cream flavors, driven by an increasing interest in artisanal and exotic ingredients. This shift in preferences reflects a larger cultural shift towards more mindful and diverse food choices.
Trends in the market: In the United Kingdom, the Ice Cream market in the Confectionery Market is seeing a surge in demand for healthier options, with manufacturers focusing on offering low-sugar and plant-based alternatives. This trend is driven by consumer concerns over health and sustainability. In addition, there is a growing trend of premiumization, with consumers willing to pay more for artisanal and indulgent ice cream products. These trends are expected to continue, with potential implications such as increased competition and opportunities for innovation in the industry.
Local special circumstances: In United Kingdom, the Ice Cream Market within the Confectionery Market is influenced by the country's love for frozen treats and traditional afternoon tea culture. The market is also heavily regulated, with strict standards for ingredients and labeling. Additionally, the rise of health-conscious consumers has led to a demand for healthier and plant-based options in the market. These factors have shaped the unique landscape of the Ice Cream Market in the UK, setting it apart from other markets in the Confectionery & Snacks Market within The Food market.
Underlying macroeconomic factors: The Ice Cream Market in the Confectionery Market is heavily influenced by macroeconomic factors such as consumer spending habits, population demographics, and technological advancements. With the ongoing economic uncertainty and changing consumer behaviors, the demand for affordable indulgence products like ice cream is expected to increase. Additionally, government initiatives promoting healthy eating and rising disposable income in the UK are expected to drive the growth of the ice cream market. However, the market may face challenges due to potential trade barriers and fluctuations in commodity prices.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)