Exotic Ice Cream |
Posted: November 5, 2021 |
Ice cream is not just one of the world’s most favourite indulgences, but increasingly it is providing an insight into the ever-evolving palate of consumers around the world - especially in Asia.
For decades, simple flavours like Vanilla, Chocolate, Strawberry and Banana have dominated restaurant menus and supermarket chillers alike, but in recent years ice-cream flavours have become a microcosm of the world’s broader flavour trends.
Worth US$57 billion just three years ago, the global ice cream market is projected to reach $75 billion by 2024, according to data from Barry Callebaut. The greatest growth driver is the increasing array of exotic flavours, according to a Markets & Data report released in August. While the global ice cream market is said to be growing at a CAGR of 4.9 per cent, Asia growth is forecast by Mordor Intelligence at a higher 7 per cent from this year through to 2025.
“There is a rise in demand for premium ice creams, across Asia-Pacific, which is expected to be one of the primary factors driving market growth,” the report concluded. “Premium ice creams have become a popular product among health-conscious consumers, due to the presence of high-quality ingredients and a lower amount of aeration compared to regular ice creams.”
The company said that given rising incomes across the region, premium product sales can be expected to grow faster than more ordinary alternatives.
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