
The GCC ice cream market is accounted to US$ 543.0 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 969.1 Mn by 2027.
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The market for GCC ice cream is concentrated with some very well-established players. Some of the key players in the GCC ice cream market include Desert Chill Ice Cream LLC, Dunkin Brands, Inc., General Mills, Inc., Maras Turka, Mini Melts Inc., Nestle S.A., IFFCO, Mars, Incorporated, Graviss Group (Pure Ice Cream Co. LLC), Unilever, Saudi Dairy & Foodstuff Co Ltd, and among others.
Long summers and hot climate conditions are influencing the market for ice cream in the GCC region. The climate in GCC countries such as Saudi Arabia, UAE, Qatar, and Bahrain, among others, is very hot. The UAE has a desert climate, characterized by pleasantly mild winters and very hot, sunny summers. The climate of Qatar can be described as a subtropical dry, hot desert climate with low annual rainfall, very high temperatures in summer. The harsh climatic condition results in high demand for cold food and beverages. Therefore, ice-cream remains the favorite frozen dessert in GCC countries such as Saudi Arabia, UAE, Qatar, and Bahrain. It is a lucrative market for frozen desserts and dairy products as the consumption is expected to grow rapidly.
Most countries in GCC, such as Saudi Arabia, UAE, Kuwait, and Bahrain, have traditionally been oil economies, but in recent years they have started to promote themselves tourist hubs in the Gulf. Therefore, the demand for ice cream has also surged due to increasing tourism in some of the countries such as the UAE and Saudi Arabia. GCC countries enjoy hot sunny days during the most part of the year. Summer is an undisputed season for the consumption of ice cream and related products. The hot climate and sweltering afternoons in the GCC make for a perfect atmosphere to relish frozen desserts and ice creams. This further boosts the ice cream market in GCC.
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