The sector’s value will grow at a CAGR (Compound Annual Growth Rate) of 2.2% and volume will grow at a CAGR of 3.6%.
Take Home Ice Cream took the majority share of the market in 2012 in value and volume terms, with a 58.1% and 55.6% share respectively. Impulse Ice Cream followed, with a value share of 21.7% and a volume share of 28.3%, and Artisanal Ice Cream made up the rest of the sector, with a 20.2% value and a 16.0% volume share for the same year.
Artisanal Ice Cream will show the most growth of the three categories over the next five years, with value and volume growing ahead of the sector as a whole, at CAGRs of 2.3% and 3.8% respectively, to 2017.
In the same period, Take Home Ice Cream will grow more than Impulse Ice Cream in terms of value and volume, with a value CAGR of 2.2% and volume CAGR of 3.7% to Impulse Ice Cream’s value CAGR of 2.0% and volume CAGR of 3.5% between 2012 and 2017.
Source: Canadean
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