Ice cream is made from dairy products or dairy alternatives and is flavored with a sweetener, either sugar or an alternative, and a spice, such as cocoa or vanilla, or with fruit such as strawberries or peaches. The ice cream market in Sri Lanka comprises the take-home, impulse, and frozen yoghurt. Impulse ice creams are sold in individual packages or without packaging, purchased mostly under the influence of emotion and desire. Take-home ice creams are multi-serving ice cream tubs, ice cream cakes, and sorbet tubs sold for take-home and bulk consumption. The ice cream market in Sri Lanka is likely to register a CAGR of over 8.9% with an incremental growth of USD 91 million during the forecast period 2022-2028.

This industry report offers market estimates of the Sri Lanka market, followed by a detailed analysis of the product, and distribution channel. The Sri Lanka market data on ice cream can be segmented by product: impulse ice cream, take-home ice cream, frozen yoghurt, others. Among these, the take-home ice cream segment was accounted for the highest revenue generator in 2021. Ice cream market is further segmented by distribution channel: convenience stores, supermarkets and hypermarkets, online retail, others.

The impulse ice cream market is further segmented into single portion dairy ice cream, single portion water ice cream. Furthermore, the take-home ice cream market has been categorized into take-home dairy ice cream, take-home water ice cream.

The key players in the ice cream market include Cargills (Ceylon) PLC, Ceylon Cold Stores PLC, Milco (Pvt​) Ltd.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.

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