Cold hard cash: Strong price growth has benefited the industry over the past five years

The Ice Cream Manufacturing industry has remained stable over the past five years. Industry revenue is expected to decline at an annualised 0.3% over the five years through 2018-19 but this is skewed by the large decline in revenue in 2014-15. Industry revenue increased in the three years following 2014-15 and is projected to rise by 1.6% in 2018-19 to reach $1.1 billion. Ice cream manufacturers have benefited from rising demand for industry products, particularly in the premium and scoop-and-serve segments. Niche operators that manufacture premium ice cream and gourmet gelato products have been extremely successful over the past five more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Niche operators that manufacture premium ice cream and gelato products have been very successful
  • Low-fat frozen yoghurt products have emerged as the most competitive substitute for ice cream
  • The industry’s major players are anticipated to increase their investment in premium ice cream
  • Industry Report - Industry SWOT Analysis Chapter

    The Ice Cream Manufacturing industry is in the mature stage of its economic life cycle. While there have been some new entrants over the past five years, the industry has been characterised by regular merger and acquisition activity, with Rowena Foods, Dairy Bell and Weis all being acquired by established industry players. Barriers to entry are moderate due to the relative affordability of entry, which has allowed these new players to enter the industry.Industry value added, a measure of an industry's contribution to the wider economy, is expected to grow at an annualised 0.3% over the 10 years through 2023-24. This represents an underperformance of the overall economy, with real GDP expected to grow at an annualised 2.7% over the same period. Whi...purchase to read more.

    Additional Insights for the Ice Cream Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Ice Cream Manufacturing are:

  • Ability to alter goods and services produced in favour of market conditions
  • Access to niche markets
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Demand from supermarkets and grocery stores and Real household disposable income in the Ice Cream Manufacturing industry impact industry performance..

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    What's in this report

    What is the Ice Cream Manufacturing Industry?

    Companies in the industry manufacture ice cream, gelato, sorbet and frozen confectionery.

    Industry Products
  • Take-home tubs
  • Take-home multi-packs
  • Premium take-home tubs
  • Individually packaged products
  • Unpackaged scoop-and-serve products
  • Industry Activities
  • Frozen confectionery
  • Ice cream
  • Gelato
  • Frozen water ices or fruit ices
  • Sorbet
  • Frozen yoghurt
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from supermarkets and grocery stores
  • Real household disposable income
  • Domestic price of milk
  • Cheese, butter and yoghurt consumption
  • Health consciousness

  • Current Performance
  • Revenue and profitability
  • Health consciousness and competition
  • Seasonality and snacking
  • Niche operators
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Health consciousness
  • Premiumisation
  • Niche operators
  • International trade
  • Table: Ice Cream Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ice Cream Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Dairy Produce Wholesaling
  • Supermarkets and Grocery Stores
  • Convenience Stores

  • Key Selling Industries
  • Milk and Cream Processing
  • Sugar Manufacturing

  • Products & Services
  • Premium take-home tubs
  • Take-home tubs
  • Take-home multi-packs
  • Unpackaged scoop-and-serve products
  • Individually packaged products
  • Chart: Ice Cream Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets and grocery stores
  • Food-service operators
  • Export markets
  • Wholesalers and route trade outlets
  • Chart: Major Market Segmentation for the Ice Cream Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Ice Cream Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ice Cream Manufacturing Industry

  • Industry Globalization
    Regal Cream Products Pty Limited, Peters Food Group Pty Limited, Unilever Australia Group Pty Ltd, Norco Co-operative Limited,
  • Table: Regal Cream Products Pty Limited - financial performance
  • Table: Peters Food Group Pty Limited - financial performance
  • Table: Unilever Australia Group Pty Ltd - financial performance
  • Table: Norco Co-operative Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ice Cream Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ice Cream Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A type of ice cream that is lighter and has a lower butterfat content than traditional factory-made ice cream.
  • Milk Fat
  • The proportion of milk, by weight, that is made up of butterfat.
  • Premiumisation
  • A trend that reflects the increasing desire of consumers to purchase affordable high-end, premium or luxury items.
  • Sorbet
  • A frozen confectionery dessert that is made from sweetened water and is typically flavoured with fruit juice.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Ice Cream Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ice Cream Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ice Cream Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ice Cream Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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