Summary
Commercial Milkshakes and Soft Serve Ice-Creams Market Research Report Information by Commercial (Restaurants, Cafes Fast Food Outlets, Food Truck), BY FLAVOR (Blueberry, Chocolate, Coffee, Strawberry, Vanilla, Other Flavors), By Category (Dairy, Plant-Based), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Market Forecast Till 2032
Overview of the Market
The market for soft serve ice creams and commercial milkshakes is expected to develop significantly throughout the study period, with a compound annual growth rate (CAGR) of 3.68% for soft serve ice creams and 6.68% for commercial milkshakes.
The demand for quick, on-the-go drinks is driven by busy lifestyles and growing consumer demand for tasty, convenient beverages. Additionally, the market for soft serve ice creams and commercial milkshakes is being driven by the growing popularity of plant-based and organic products.
According to an analyst at MRFR Due to people's hectic lifestyles and desire for portable, on-the-go products, the worldwide milkshake industry is expanding. Customers are searching more and more for easy-to-use solutions that can accommodate their busy schedules and help them balance their personal, professional, and familial obligations.
Perspectives on Market Segments
The global market for commercial milkshakes and soft serve ice creams has been divided into four segments based on type: food trucks, cafes, restaurants, and fast food outlets.
The market for commercial milkshakes and soft serve ice creams has been divided into five segments based on flavor: chocolate, vanilla, strawberry, blueberry, coffee, and others.
The global milkshake market has been divided into two segments based on category: dairy and plant-based.
Regional Perspectives
By Area, North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America make up the global market for commercial milkshakes and soft serve ice creams. The market for commercial milkshakes and soft serve ice creams in Asia-Pacific held the biggest share in 2024, and throughout the study period, Latin America is anticipated to rise at a substantial compound annual growth rate. The Asia-Pacific area dominated the market for soft serve ice creams and commercial milkshakes because of expanding middle-class desire for quick and decadent culinary options, fast urbanization, and rising disposable incomes.
Demand was further increased by the growth of quick-service restaurant and café franchises in nations like China, India, and Japan. Furthermore, the region's young population and the impact of social media greatly influenced consumption patterns, especially among Gen Z and millennials. Both domestic and foreign businesses rapidly grew, using digital channels and regional flavors to cater to a wide range of consumer tastes.
Due to changing consumer lifestyles and rising demand for quick, on-the-go dessert options, the commercial milkshake and soft serve ice cream market in Latin America is anticipated to develop at a substantial compound annual growth rate (CAGR) throughout the study period.
Key Players
MCDONALD'S, KFC, BURGER KING, WENDY'S, TIM HORTONS (RESTAURANT BRANDS INTERNATIONAL INC), DAIRY QUEEN CORPORATION (BERKSHIRE HATHAWAY), BASKIN-ROBBINS, BEN & JERRY'S HOMEMADE HOLDINGS INC, CULVER FRANCHISING SYSTEM, LLC, JOLLIBEE, CKE RESTAURANTS, FIVE GUYS ENTERPRISES, LLC, and others are the market's major players.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 22
2 MARKET INTRODUCTION ............................................................................................................ 25
2.1 DEFINITION .................................................................................................................................................................. 25
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 25
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 25
2.4 MARKET STRUCTURE .............................................................................................................................................. 26
3 RESEARCH METHODOLOGY ...................................................................................................... 27
3.1 OVERVIEW .................................................................................................................................................................... 27
3.2 DATA FLOW .................................................................................................................................................................. 28
3.2.1 DATA MINING PROCESS ................................................................................................................................. 29
3.3 PURCHASED DATABASE: ......................................................................................................................................... 30
3.4 SECONDARY SOURCES: ............................................................................................................................................ 31
3.4.1 SECONDARY RESEARCH DATA FLOW: ............................................................................................................. 32
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 33
3.5.1 PRIMARY RESEARCH DATA FLOW: ................................................................................................................. 34
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED ......................................................................... 35
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE .................................................................................................. 35
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 36
3.6.1 CONSUMPTION & NET TRADE APPROACH ....................................................................................................... 36
3.6.2 REVENUE ANALYSIS APPROACH ..................................................................................................................... 36
3.7 DATA FORECASTING................................................................................................................................................. 37
3.7.1 DATA FORECASTING TECHNIQUE .................................................................................................................... 37
3.8 DATA MODELING ........................................................................................................................................................ 38
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ............................................................................................................ 38
3.8.2 DATA MODELING: ........................................................................................................................................... 39
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 41
4 MARKET DYNAMICS .................................................................................................................... 42
4.1 INTRODUCTION ........................................................................................................................................................... 42
4.2 DRIVERS ......................................................................................................................................................................... 44
4.2.1 GROWING CONSUMER DEMAND FOR CONVENIENT AND TASTY BEVERAGES .................................................... 44
4.2.2 BUSY LIFESTYLES DRIVE THE NEED FOR QUICK, ON-THE-GO DRINKS ................................................................ 44
4.2.3 INCREASING POPULARITY OF PLANT-BASED AND ORGANIC PRODUCTS ........................................................... 45
4.2.4 EXPANSION OF QUICK-SERVICE RESTAURANTS (QSRS) ................................................................................... 45
4.3 CHALLENGES ............................................................................................................................................................... 46
4.3.1 HEALTH CONCERNS OVER HIGH SUGAR AND CALORIE CONTENT .................................................................... 46
4.4 RESTRAINTS ................................................................................................................................................................ 46
4.4.1 GROWING AWARENESS OF OBESITY AND RELATED HEALTH ISSUES ................................................................ 46
4.4.2 COMPETITION FROM OTHER BEVERAGE.......................................................................................................... 47
4.4.3 SEASONAL DEMAND FLUCTUATIONS .............................................................................................................. 47
4.5 OPPORTUNITY ............................................................................................................................................................. 48
4.5.1 EXPANSION OF RESTAURANTS AND FAST FOOD CHAINS ................................................................................ 48
4.5.2 CUSTOMIZATION TRENDS OFFER PERSONALIZED MILKSHAKE OPTIONS FOR CONSUMERS .............................. 49
4.5.3 DIGITAL MARKETING AND E-COMMERCE ......................................................................................................... 49
4.6 STRATEGIC INSIGHTS .............................................................................................................................................. 50
4.6.1 TECHNOLOGY UPDATE ................................................................................................................................... 50
4.6.2 REGIONAL MARKETS TO LOOKOUT FOR .......................................................................................................... 50
4.7 REGULATORY UPDATE ............................................................................................................................................ 51
4.8 MARKET TRENDS ...................................................................................................................................................... 52
4.9 IMPACT ANALYSIS OF COVID-19 .......................................................................................................................... 52
4.9.1 IMPACT ON OVERALL BEVERAGE INDUSTRY ................................................................................................... 52
4.9.1.1 ECONOMIC IMPACT ............................................................................................................................... 53
4.9.2 IMPACT ON GLOBAL COMMERCIAL MILKSHAKES AND SOFT SERVE ICE-CREAMS MARKET ............................... 53
4.9.3 IMPACT ON SUPPLY CHAIN OF COMMERCIAL MILKSHAKES AND SOFT SERVE ICE-CREAMS MARKET ............... 54
4.9.4 IMPACT ON MARKET DEMAND OF COMMERCIAL MILKSHAKES AND SOFT SERVE ICE-CREAMS MARKET ........... 54
4.9.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN .......................................................................................... 55
4.9.4.2 CONSUMER SENTIMENTS ....................................................................................................................... 55
4.9.5 IMPACT ON PRICING OF COMMERCIAL MILKSHAKES AND SOFT SERVE ICE-CREAMS MARKET ......................... 55
4.9.6 CONSUMER BEHAVIOR ANALYSIS ................................................................................................................... 56
5 MARKET FACTOR ANALYSIS ...................................................................................................... 57
5.1 VALUE CHAIN ANALYSIS ....................................................................................................................................... 57
5.1.1 RAW MATERIALS ............................................................................................................................................ 57
5.1.2 MANUFACTURING / PROCESSING ................................................................................................................... 57
5.1.3 PACKING ........................................................................................................................................................ 57
5.2 SUPPLY CHAIN ANALYSIS ..................................................................................................................................... 58
5.2.1 PARTICIPANTS (AT DIFFERENT NODES) .......................................................................................................... 58
5.2.1.1 PACKAGING SUPPLIERS ......................................................................................................................... 58
5.2.1.2 MANUFACTURERS .................................................................................................................................. 58
5.2.1.3 DISTRIBUTION CHANNEL ........................................................................................................................ 58
5.2.1.4 TECHNOLOGY ........................................................................................................................................ 59
5.2.2 INTEGRATION LEVELS .................................................................................................................................... 59
5.2.3 KEY ISSUES ADDRESSED (KEY SUCCESS FACTORS) ......................................................................................... 59
5.3 PORTER’S FIVE FORCES MODEL ........................................................................................................................... 60
5.3.1 BARGAINING POWER OF SUPPLIERS ............................................................................................................... 60
5.3.2 BARGAINING POWER OF BUYERS .................................................................................................................... 61
5.3.3 THREAT OF NEW ENTRANTS ........................................................................................................................... 61
5.3.4 THREAT OF SUBSTITUTES .............................................................................................................................. 61
5.3.5 INTENSITY OF RIVALRY .................................................................................................................................. 61
6 GLOBAL COMMERCIAL MILK SHAKES AND SOFT SERVE ICE-CREAMS, BY COMMERCIAL PREPARATION ................................................................................................................................... 64
6.1 INTRODUCTION ........................................................................................................................................................... 64
MILKSHAKE ............................................................................................................................................................................. 66
6.2 RESTAURANTS ........................................................................................................................................................... 66
6.3 CAFES ............................................................................................................................................................................. 66
6.4 FAST FOOD OUTLETS ................................................................................................................................................ 66
6.5 FOOD TRUCK ................................................................................................................................................................ 67
SOFT SERVE ICECREAMS .................................................................................................................................................... 67
6.6 CAFES ............................................................................................................................................................................. 67
6.7 FAST FOOD OUTLETS ................................................................................................................................................ 67
6.8 RESTAURANTS ........................................................................................................................................................... 67
6.9 FOOD TRUCKS .............................................................................................................................................................. 68
7 GLOBAL COMMERCIAL MILK SHAKES AND SOFT SERVE ICE-CREAMS, BY FLAVOR .......... 69
7.1 INTRODUCTION ........................................................................................................................................................... 69
MILKSHAKE ............................................................................................................................................................................. 71
7.2 CHOCOLATE .................................................................................................................................................................. 71
7.3 VANILLA ........................................................................................................................................................................ 71
7.4 STRAWBERRY ............................................................................................................................................................. 71
7.5 BLUEBERRY .................................................................................................................................................................. 72
7.6 COFFEE ........................................................................................................................................................................... 72
7.7 OTHERS .......................................................................................................................................................................... 72
7.8 CHOCOLATE .................................................................................................................................................................. 73
7.9 VANILLA ........................................................................................................................................................................ 73
7.10 STRAWBERRY ............................................................................................................................................................. 73
7.11 BLUEBERRY .................................................................................................................................................................. 73
7.12 COFFEE ........................................................................................................................................................................... 74
7.13 OTHERS .......................................................................................................................................................................... 74
8 GLOBAL COMMERCIAL MILK SHAKES AND SOFT SERVE ICE-CREAMS, BY CATEGORY ..... 75
8.1 INTRODUCTION ........................................................................................................................................................... 75
MILKSHAKE ............................................................................................................................................................................. 76
8.2 DAIRY .............................................................................................................................................................................. 76
8.3 PLANT-BASED ............................................................................................................................................................. 76
SOFT SERVE ICECREAMS .................................................................................................................................................... 77
8.4 DAIRY .............................................................................................................................................................................. 77
8.5 PLANT-BASED ............................................................................................................................................................. 77
9 GLOBAL COMMERCIAL MILSHAKES AND SOFT SERVE ICE-CREAMS MARKET, BY REGION 78
9.1 OVERVIEW .................................................................................................................................................................... 78
9.2 NORTH AMERICA ....................................................................................................................................................... 80
9.2.1 US.................................................................................................................................................................. 85
9.2.2 CANADA ........................................................................................................................................................ 87
9.2.3 MEXICO ......................................................................................................................................................... 89
9.3 EUROPE .......................................................................................................................................................................... 91
9.3.1 GERMANY ...................................................................................................................................................... 95
9.3.2 FRANCE ......................................................................................................................................................... 97
9.3.3 UK ................................................................................................................................................................. 99
9.3.4 ITALY ............................................................................................................................................................. 101
9.3.5 SPAIN ............................................................................................................................................................ 103
9.3.6 SWEDEN ........................................................................................................................................................ 104
9.3.7 POLAND ......................................................................................................................................................... 106
9.3.8 REST OF EUROPE ............................................................................................................................................ 108
9.4 ASIA-PACIFIC ............................................................................................................................................................... 111
9.4.1 ANZ ............................................................................................................................................................... 115
9.4.2 REST OF ASIA PACIFIC.................................................................................................................................... 117
9.5 LATIN AMERICA ......................................................................................................................................................... 119
9.6 MIDDLE EAST AND AFRICA .................................................................................................................................... 122
9.6.1 SAUDI ARABIA ................................................................................................................................................ 127
9.6.2 UAE ............................................................................................................................................................... 129
9.6.3 BAHRAIN........................................................................................................................................................ 131
9.6.4 OMAN ............................................................................................................................................................ 133
9.6.5 QATAR ........................................................................................................................................................... 135
9.6.6 TURKEY .......................................................................................................................................................... 137
9.6.7 REST OF MIDDLE EAST AND AFRICA ................................................................................................................ 139
10 COMPETITIVE LANDSCAPE ........................................................................................................ 142
10.1 INTRODUCTION ........................................................................................................................................................... 142
10.2 MARKET SHARE ANALYSIS, 2023 (VALUE) ..................................................................................................... 142
10.3 COMPETITOR DASHBOARD..................................................................................................................................... 143
10.4 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 144
10.4.1 NEW PRODUCT DEVELOPMENT ....................................................................................................................... 144
10.4.2 OTHER DEVELOPMENTS ................................................................................................................................. 145
11 COMPANY PROFILES .................................................................................................................. 146
11.1 MCDONALD'S ............................................................................................................................................................... 146
11.1.1 COMPANY OVERVIEW ..................................................................................................................................... 146
11.1.2 FINANCIAL OVERVIEW .................................................................................................................................... 147
11.1.3 PRODUCTS OFFERED ...................................................................................................................................... 148
11.1.4 KEY DEVELOPMENTS ...................................................................................................................................... 149
11.1.5 SWOT ANALYSIS ............................................................................................................................................ 150
11.1.6 KEY STRATEGIES ............................................................................................................................................ 150
11.2 KFC .................................................................................................................................................................................. 151
11.2.1 COMPANY OVERVIEW ..................................................................................................................................... 151
11.2.2 FINANCIAL OVERVIEW............................................................ 152
11.2.3 PRODUCTS OFFERED..................................................... 153
11.2.4 KEY DEVELOPMENTS..................................................................... 153
11.2.5 SWOT ANALYSIS....................................................................... 154
11.2.6 KEY STRATEGIES....................................................................... 154
11.3 BURGER KING ........................... 155
11.3.1 COMPANY OVERVIEW........................................................... 155
11.3.2 FINANCIAL OVERVIEW................................................... 156
11.3.3 PRODUCTS OFFERED............................................................. 157
11.3.4 KEY DEVELOPMENTS................................................. 158
11.3.5 SWOT ANALYSIS....................................................................... 159
11.3.6 KEY STRATEGIES........................................................ 159
11.4 WENDY’S ...................................... 161
11.4.1 COMPANY OVERVIEW..................................................... 161
11.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 162
11.4.3 PRODUCTS OFFERED.................................................... 163
11.4.4 KEY DEVELOPMENTS............................................................ 164
11.4.5 SWOT ANALYSIS................................................................. 164
11.4.6 KEY STRATEGIES.................................................................. 165
11.5 TIM HORTONS (RESTAURANT BRANDS INTERNATIONAL INC) .............................................................. 166
11.5.1 COMPANY OVERVIEW........................................................ 166
11.5.2 FINANCIAL OVERVIEW............................................. 166
11.5.3 PRODUCTS OFFERED............................................................. 167
11.5.4 KEY DEVELOPMENTS.......................................................... 168
11.5.5 SWOT ANALYSIS................................................................................. 169
11.5.6 KEY STRATEGIES...................................................................... 169
11.6 DAIRY QUEEN CORPORATION (BERKSHIRE HATHAWAY) ......................................................................... 170
11.6.1 COMPANY OVERVIEW..................................................... 170
11.6.2 FINANCIAL OVERVIEW.................................................................. 171
11.6.3 PRODUCTS OFFERED............................................................. 171
11.6.4 KEY DEVELOPMENTS.......................................................... 172
11.6.5 SWOT ANALYSIS........................................................................... 172
11.6.6 KEY STRATEGIES ............................................................................. 173
11.7 BASKIN-ROBBINS ...................... 174
11.7.1 COMPANY OVERVIEW............................................................. 174
11.7.2 FINANCIAL OVERVIEW....................................................... 175
11.7.3 PRODUCTS OFFERED...................................................... 176
11.7.4 KEY DEVELOPMENTS............................................................... 176
11.7.5 SWOT ANALYSIS.......................................................................... 177
11.7.6 KEY STRATEGIES ......... 177
11.8 BEN & JERRY’S HOMEMADE HOLDINGS INC............... 178
11.8.1 COMPANY OVERVIEW............................................................ 178
11.8.2 FINANCIAL OVERVIEW......................................................... 179
11.8.3 PRODUCTS OFFERED.................................................................. 180
11.8.4 KEY DEVELOPMENTS......................................................... 180
11.8.5 SWOT ANALYSIS .......... 181
11.8.6 KEY STRATEGIES ........... 181
11.9 CULVER FRANCHISING SYSTEM, LLC............................... 182
11.9.1 COMPANY OVERVIEW.............................................................. 182
11.9.2 FINANCIAL OVERVIEW............................................................... 182
11.9.3 PRODUCTS OFFERED................................................................... 183
11.9.4 KEY DEVELOPMENTS.......................................................... 183
11.9.5 SWOT ANALYSIS................................................................. 184
11.9.6 KEY STRATEGIES........................................................................ 184
11.10 JOLLIBEE .................................... 185
11.10.1 COMPANY OVERVIEW.................................................................. 185
11.10.2 FINANCIAL OVERVIEW........................................................ 186
11.10.3 PRODUCTS OFFERED..................................................................... 187
11.10.4 KEY DEVELOPMENTS........................................................................... 187
11.10.5 SWOT ANALYSIS .......... 188
11.10.6 KEY STRATEGIES ......... 188
11.11 CKE RESTAURANTS ................... 189
11.11.1 COMPANY OVERVIEW..................................................................... 189
11.11.2 FINANCIAL OVERVIEW........................................................... 190
11.11.3 PRODUCTS OFFERED.................................................................. 190
11.11.4 KEY DEVELOPMENTS ......................................................................... 190
11.11.5 SWOT ANALYSIS........................................................... 190
11.11.6 KEY STRATEGIES..................................................................... 191
11.12 FIVE GUYS ENTERPRISES, LLC................................................. 192
11.12.1 COMPANY OVERVIEW..................................................................... 192
11.12.2 FINANCIAL OVERVIEW................................................................ 192
11.12.3 PRODUCTS OFFERED................................................................. 192
11.12.4 KEY DEVELOPMENTS................................................................................. 193
11.12.5 SWOT ANALYSIS................................................................ 194
11.12.6 KEY STRATEGIES....................................................................... 194
DATA CITATIONS ................................. 196
