Industry Analysis & Industry Trends
After a period of poor performance, the Ice Cream Manufacturing industry has bounced back in the five years through 2013-14. The industry has grown despite cuts to discretionary spending caused by the global financial crisis, as consumers have turned to inexpensive indulgences. In addition, manufacturers of ice cream have used to innovation to capture demand from changing consumer preferences for healthier options. Milk prices have fluctuated over the period, peaking in 2008-09 and putting upward pressure on prices due to lack of supply. Milk prices have since come down, resulting in higher demand for industry products. Revenue is expected to increase by an annualised 3.0% over the five years through 2013-14, to $637.8 million. Growth of 2.6% is forecast in 2013-14... purchase to read more
Industry Report - Industry Products Chapter
The industry manufactures ice creams categorised by their packaging and serving sizes. Industry products fall under five broad categories: take-home tubs, take-home multi-packs, take-home premium tubs, unpackaged scoop and serve and individually packaged.
Take-home ice cream tubs are the largest product segment in the industry, accounting for an estimated 33.0% of revenue. This segment largely comprises low-value, high-volume products that are typically purchased from supermarkets, grocery stores and other retail trade outlets. This segment's share has increased over the five years through 2012-13, particularly as poor economic conditions continue to drive in-home food consumption and the purchase of products in bulk to minimise spending and wastage... purchase to read more