PRLog - May 4, 2012 - NEW YORK -- Edvard Munch’s iconic “The Scream” just sold for a record $120 million at auction in New York, but that’s peanuts compared to the very voluble demand for ice cream, as indicated by Ice Cream and Frozen Desserts in the U.S., a just-released market research report from Packaged Facts.
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According to Packaged Facts, sales topped $25.1 billion in 2011, up 2.4% over the previous year—representing a small upswing after two years of flat sales. Because ice cream and frozen desserts purchased in foodservice channels have a higher ticket price per serving than do their counterparts purchased in retail channels, foodservice is the larger of the two sectors in dollar terms, accounting for 57% of overall sales. Within the retail mass market for packaged products, packaged ice cream is the largest category, accounting for 55% of total retail sales, followed by frozen novelties at 36%. The fastest dollar growth, however, came from the frozen yogurt/tofu specialty segment.
In the mature U.S. marketplace for ice cream and frozen desserts, according to Packaged Facts publisher David Sprinkle, marketers, retailers, and foodservice providers can grow their businesses by creating and marketing products that speak to today’s consumers on an emotional level. Along with localized strategies and niche products representing true differentiation, integrating new media into the marketing mix can create buzz and communicate brand attributes that are responsive to the desires of economic downturn-weary Americans wanting to indulge without breaking the bank.
Ice cream and frozen desserts is a highly competitive market, with two multinational conglomerates—
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About Packaged Facts – Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer demographics and shopper insights, consumer financial products and services, consumer goods and retailing, consumer packaged goods (including foods and beverages, health and beauty care, and household products), and pet products and services. Packaged Facts also offers a full range of custom research services. To learn more, visit: www.packagedfacts.com. Follow us on Facebook, LinkedIn and Twitter.