Rockville, Aug. 10, 2023 (GLOBE NEWSWIRE) -- The global soft-serve premix market is expected to experience significant growth in the coming years. Valued at US$ 778.8 million in 2023, the market is projected to reach US$ 1,588.5 million by 2033, growing at a CAGR of 7.4%. The thriving food service industry, including quick-service restaurants, cafes, and ice cream parlors, is driving the demand for soft-serve ice cream machines and related products.
Soft-serve ice cream, known for its smooth and creamy texture, is typically served at a slightly higher temperature than regular ice cream. It can be dispensed directly from a soft serve machine into a cone or cup, allowing for a swirled or twisted appearance. The versatility of soft serve makes it a popular treat in ice cream parlors, fast food restaurants, and dessert establishments. It is either enjoyed plain or customized with various syrups, sprinkles, fruits, and other sweet toppings. Hence, with the mushrooming soft serve ice cream demand the demand for the soft serve premix is likely to increase.
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Further, the soft serve premix market players are responding to the increasing health consciousness among consumers by offering low-fat, sugar-free, and lactose-free options. This expansion of product varieties caters to the changing preferences of health-conscious consumers and presents lucrative growth opportunities for the market.
The growth of HoReCa (Hotels, Restaurants, and Cafes) sector is a significant driver for the soft-serve premix market. With the expansion of this sector, the sales of soft-serve ice cream are expected to increase. Additionally, the demand for exotic flavors in the food and beverage industry, including soft-serve ice cream, is growing as consumers seek unique taste experiences. On the back of this, the demand for soft serve premixes is pullulating and is expected to experience significant growth opportunities during the forecast period.
Report Attributes | Details |
| Forecast Period | 2023 - 2033 |
| Value Projection (2033) | US$ 1,588.5 Million |
| Growth Rate (2023-2033) | 7.4% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 96 Tables |
| No. of Figures | 80 Figures |
The soft serve premix market is booming in the US.
Soft-serve ice cream is in constant and rising demand among consumers. Soft serve has a smooth and creamy texture and is frequently thought of as a delightful and indulgent dessert. The availability of a wide range of flavours, toppings, and customised options has helped to increase the appeal of soft serve and opened up new market potential for soft serve premix.
Soft serve is frequently offered in a variety of locations, such as ice cream shops, food trucks, theme parks, and even some fast food outlets. Soft-serve ice cream is popular since it is simple for individuals to satisfy their appetites thanks to its accessibility. The demand for soft serve premixes rises in response to the rising popularity of soft serve ice cream.
Throughout the projection period, the US market is anticipated to expand at a CAGR of 6.9% and generate an absolute $ potential of US$ 183.5 million.
Key Takeaways from Market Study
- The global soft serve premix market is likely to create an absolute $ opportunity of US$ 857.1 million
- HoReCa segment is expected to account for a market share of 67.0% in 2023
- Powder premix form is estimated to grow at a CAGR of 7.5% during the forecast period
- Skimmed milk powder is expected to reach a valuation of US$ 930.4 million in 2033 from a valuation of US$ 444.3 million in 2023 creating an absolute $ opportunity of US$ 514.1 million
- Asia-Pacific is expected to account for a 35.7% share of the global soft serve premix
“HoReCa Industry Expansion and Exotic Flavors Drive Demand for Soft Serve Premix Globally” says a Fact.MR analyst.
Key Companies Profiled in This report
- Rich’s
- Carvel
- Scott Brothers Dairy
- Schneider’s Dairy
- G.S. Gelato
Market Growth Stratagems
Effective marketing and promotional strategies play a crucial role in the market's long-term growth. Companies utilize advertising, social media, and partnerships with popular brands or influencers to create awareness and generate consumer interest. Furthermore, specialty ice creams with unique and exotic flavors, along with customization options, provide opportunities for personalized experiences, driving the demand for soft-serve premix.
Segmentation of Soft Serve Premix Industry Research Report
- By Primary Ingredient:
- Skimmed Milk Powder
- Butter Powder
- Plant-based Milk Powder
- By Premix Forms:
- Powder
- Liquid
- By Sales Channel:
- B2C (Premix form)
- HoReCa (End Use)
- Lodging
- Food Service
- Restaurants
- Theme Parks
- Bars and Pubs
- Others
- By Region:
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the soft serve premix market, presenting historical market data (2018–2022) and forecast statistics for the period of 2023–2033.
The study reveals essential insights on the basis of the primary ingredient (skimmed milk powder, butter powder, and plant-based milk powder), premix form (powder and liquid), sales channel (B2C and HORECA (lodging, food service, restaurants, theme parks, bars & pubs, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
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Sugar-free Ice Cream Market: The sugar free ice cream market is expected to have a CAGR of 9.6% in coming Years.
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