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Ice Cream Production

Ice Cream Production

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Executive summary

The Ice Cream Production industry produces ice cream, frozen yogurt, sherbet, frozen tofu and other frozen desserts. Over the five years to 2022, industry operators have competed with consumers tastes shifting to healthier options. To remain relevant, industry operators have introduced new brands or reformulated existing lines with healthier or higher-quality ingredients. Operators have also attempted to evolve through launching new products that
appeal to a wider range of health-conscious consumers. In line with successful product innovation and efforts to appeal to consumers, the industry has been able to keep up with shifting consumer preferences. Consequently, industry revenue is expected to increase an annualized 2.2% to $ 9.9 billion over the five years to 2022, including an increase of 0.1% in 2022 alone. Industry profit, however, is expected to decrease during the period due to higher purchase costs that have slightly eroded profit. The COVID-19 (coronavirus) pandemic had a positive effect on the industry in 2020, despite the poor economic conditions.
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Each report includes:

industry revenue;

industry profit;

industry margin;

industry employment;

industry major players;

industry key external drivers;

industry product & structure segmentation;

industry key trends;

industry Life Cycle;

industry Geographic Breakdown;

industry Key Success Factors;

industry Key statistics for previous years;

forecast of industry Key statistics for the next 5 years;

Reference Wordlist

BARRIERS TO ENTRY
High barriers to entry mean that new companies struggle to enter an industry, while low barriers mean it is easy for new companies to enter an industry.

CAPITAL INTENSITY
Compares the amount of money spent on capital (plant, machinery and equipment) with that spent on labor. M-Ysland LLC uses the ratio of depreciation to wages as a proxy for capital intensity. High capital intensity is more than $ 0.333 of capital to $ 1 of labor; medium is $ 0.125 to $ 0.333 of capital to $ 1 of labor; low is less than $ 0.125 of capital for every $ 1 of labor.

CONSTANT PRICES
The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using the current year (i.e. year published) as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving only the "real" growth or decline in industry metrics. The inflation adjustments in M-Ysland LLC`s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.

DOMESTIC DEMAND
Spending on industry goods and services within the United States, regardless of their country of origin. It is derived by adding imports to industry revenue, and then subtracting exports.

EMPLOYMENT
The number of permanent, part-time, temporary and seasonal employees, working proprietors, partners, managers and executives within the industry.

ENTERPRISE
A division that is separately managed and keeps management accounts. Each enterprise consists of one or more establishments that are under common ownership or control.

Colloquial Terminology

HOMOGENIZATION
A treatment of raw milk that ensures consistency by preventing a cream layer from separating out.

PASTEURIZATION
A sterilization process that slows microbial growth in food.

RADIO-FREQUENCY IDENTIFICATION (RFID)
A technology that tracks products by releasing continuous signals from a chip from the time it leaves the assembly line to the time it leaves the store.

Details

Operators have remained relevant due to relatively steady per capita dairy consumption and, with the exception of 2020, increased consumer spending. Industry products are generally discretionary purchases and, therefore, tend to have increases in demand during periods of strong economic growth. Furthermore, ice cream and frozen desserts are highly seasonal, with sales increasing during warm weather months. Therefore, the record warm seasons during the current period have helped the industry remain profitable.

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