Sri Lanka Ice Cream Market 2024

Description

The ice cream market in Sri Lanka is likely to register a CAGR of over 3% with an incremental growth of USD 18.3 million during the forecast period 2024-2029. Higher per capita income has resulted in increased consumer spending on luxury items such as ice cream. Economic stability fosters greater discretionary spending. Furthermore, ice cream brands have greatly boosted product visibility and consumer interest through proactive marketing and promotional strategies. Leading brands invest heavily in marketing activities, including digital marketing, collaborations with influencers, and community engagement, particularly appealing to younger consumers.

This report provides a thorough assessment of the Sri Lanka ice cream industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like type, product type, ingredient, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the ice cream industry.

Market Segmentation

The ice cream market in Sri Lanka is categorized into the following segments:
Type: dairy ice cream, water ice cream, others (plant based ice cream)
Product type: impulse ice creams, take home ice creams, frozen yogurt, others
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, others

The Sri Lanka ice cream market is segmented on the basis of type, product type, ingredient, and distribution channel. Based on type, the ice cream market in Sri Lanka is categorized into dairy ice cream, water ice cream, and others (plant based ice cream). On the basis of product type, the ice cream market in Sri Lanka has been segmented into impulse ice creams, take home ice creams, frozen yogurt, and others. By ingredient, the ice cream market in Sri Lanka has been segmented into fats and oils, milk, sweeteners, and others. Based upon distribution channel, the ice cream market in Sri Lanka is also categorized into foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, and others.

Competitive Landscape

As of 2023, the major players in the Sri Lanka ice cream market were Milco Private Limited, Ceylon Cold Stores PLC, Cargills (Ceylon) PLC.

This report provides a comprehensive analysis of the key players in the Sri Lanka ice cream market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Sri Lanka ice cream market.
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.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSri 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)