CHINA – In 2014, China overtook the US to become the world’s largest ice cream market for the first time, according to new research from Mintel.
Between 2008 and 2014, the total market value for ice cream sales in China has nearly doubled, soaring by 90% to reach US$11.4 billion. Meanwhile, the US market has grown at a much slower rate, climbing by 15% over the same period to reach US$11.2 billion.
Overall, global sales of ice cream hit US$50 billion for the first time in 2014, increasing by 9% on 2011 when sales were valued at US$46 billion. The top five ice cream markets by volume globally are China (5.9 billion litres), followed by the US (5.8 billion litres), Japan (784 million litres), Russia (668 million litres) and Germany (545 million litres).
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