Sri Lanka Ice Cream Market 2024

Description

The Sri Lanka ice cream market is expected to experience robust growth, with a projected increase of USD 75.3 million and a compound annual growth rate (CAGR) of approximately 7.2% throughout the forecast period. Sri Lanka’s ice cream market is growing, driven by rising disposable incomes and a youthful population seeking affordable indulgences. There is a steady demand for mass-market ice creams, while traditional flavors remain highly popular. Moreover, the expansion of the tourism sector is boosting demand for premium and artisanal ice creams in urban centers and tourist destinations.

The report provides a comprehensive analysis of the Sri Lanka ice cream industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as type, product type, ingredient and distribution channel. The insights gained from this evaluation help reveal the growth potential within the ice cream sector.

Market Segmentation

The segmentation of the Sri Lanka ice cream market is outlined below:
Type: dairy ice cream, water ice cream
Product type: impulse ice creams, take-home ice creams
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: supermarkets and hypermarkets, grocery stores, foodservice channels, e-commerce, others

The segmentation of the Sri Lanka ice cream market type, product type, ingredient and distribution channel. By type, it includes dairy ice cream, and water ice cream. Product type segments encompass impulse ice creams, and take-home ice creams. Ingredient segments cover fats and oils, milk, sweeteners, and others. Distribution channel segmentation includes supermarkets and hypermarkets, grocery stores, foodservice channels, e-commerce, and others.

Competitive Landscape

In examining the competitive landscape, key players in the ice cream market include Milco Private Limited, Ceylon Cold Stores PLC and Cargills (Ceylon) PLC. This report presents an extensive analysis of major entities in the ice cream market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Sri Lanka ice cream market.
Gain in-depth analysis and forecasts for the key segments of the Sri Lanka ice cream market: type, product type, ingredient and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Sri Lanka ice cream market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Sri Lanka ice cream market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Sri Lanka Ice Cream Market – Type Analysis
Sri Lanka Ice Cream Market – Product Type Analysis
Sri Lanka Ice Cream Market – Ingredient Analysis
Sri Lanka Ice Cream Market – Distribution Channel Analysis
Key Players and Market Share
– Milco Private Limited
– Ceylon Cold Stores PLC
– Cargills (Ceylon) PLC
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Sri Lanka Ice Cream Market 2019-2029
Chart Sri Lanka Ice Cream Market, Net Growth, 2019-2029
Chart Sri Lanka Ice Cream Market, Growth Rates, 2019-2029
Table Sri Lanka Ice Cream Market by Type, 2019-2029
Chart Sri Lanka Ice Cream Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Ice Cream Market by Type, 2019-2029
Table Sri Lanka Ice Cream Market by Product Type, 2019-2029
Chart Sri Lanka Ice Cream Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Ice Cream Market by Product Type, 2019-2029
Table Sri Lanka Ice Cream Market by Ingredient, 2019-2029
Chart Sri Lanka Ice Cream Market by Ingredient, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Ice Cream Market by Ingredient, 2019-2029
Table Sri Lanka Ice Cream Market by Distribution Channel, 2019-2029
Chart Sri Lanka Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Ice Cream Market by Distribution Channel, 2019-2029
Table Sri Lanka Ice Cream Market Share (%), by Companies, 2019-2023
Chart Sri Lanka Ice Cream Market, by Companies, 2023
Table Sri Lanka Ice Cream Market Share (%), by Brands, 2019-2023
Chart Sri Lanka Ice Cream Market, by Brands, 2023
Table Sri Lanka – Population (Millions) and Forecast
Table Sri Lanka – Consumer Price Index (CPI) and Forecast
Table Sri Lanka – Gross Domestic Product and Forecast
Table Sri Lanka Ice Cream Market: Spend as a Proportion of GDP (%)
Table Sri Lanka Ice Cream Market: Consumption per Capita (Population)

Companies Mentioned

Milco Private Limited
Ceylon Cold Stores PLC
Cargills (Ceylon) PLC