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Ice Cream Stores in Australia Industry Data and Analysis
The Ice Cream Stores industry has been under significant strain in recent years due to compounding impacts of the pandemic, a rising cost of living and changing consumer preferences. Lockdowns and social distancing measures disrupted normal trading, with many establishments introducing delivery services to combat falling revenue. Since then, the rising cost of living and declining discretionary incomes have further shrunk revenue, as households have cut back on non-essential spending. Additionally, changing tastes towards products like gelato and frozen yoghurt, coupled with a growing focus on health and wellbeing, have necessitated introducing healthier ice cream alternatives like dairy-free and sugar-free options, presenting additional challenges for traditional ice cream stores.
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What's included in this industry analysis
IBISWorld's research coverage on the Ice Cream Stores industry in Australia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released September 2024.
About this industry
What's this industry report about?
The Ice Cream Stores industry in Australia operates under the ANZSIC industry code OD4024. The industry includes retail outlets that primarily prepare or serve ice cream, ice cream treats, gelato, yoghurt, frozen yoghurt and sorbet. Industry stores generally provide products for consumption instore, takeaway or delivery. Some ice cream stores also sell other food and beverages, such as cakes, waffles, smoothies and milkshakes. Related terms covered in the Ice Cream Stores industry in Australia include master franchise, franchisee, hard-serve ice cream and soft serve ice cream.
What's included in this industry?
Products and services covered in Ice Cream Stores industry in Australia include Gelato, Sorbet and Soft-serve ice cream.
What companies are included in this industry?
Companies covered in the Ice Cream Stores industry in Australia include Franchised Food Company, Baskin-Robbins Australia and Wendys.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Ice Cream Stores industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Ice Cream Stores industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Ice Cream Stores industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Ice Cream Stores industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Ice Cream Stores industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Ice Cream Stores industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Ice Cream Stores industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Ice Cream Stores industry in Australia.
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Frequently Asked Questions
What is the market size of the Ice Cream Stores industry in Australia in 2026?
The market size of the Ice Cream Stores industry in Australia is $421.2m in 2026.
How many businesses are there in the Ice Cream Stores industry in Australia in 2024?
There are 529 businesses in the Ice Cream Stores industry in Australia, which has grown at a CAGR of 0.6 % between 2019 and 2024.
How may import tariffs affect the Ice Cream Stores industry in Australia?
The Ice Cream Stores industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Ice Cream Stores industry in Australia?
The Ice Cream Stores industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Ice Cream Stores industry in Australia grown or declined over the past 5 years?
The market size of the Ice Cream Stores industry in Australia has been declining at a CAGR of 3.4 % between 2019 and 2024.
What is the forecast growth of the Ice Cream Stores industry in Australia over the next 5 years?
Over the next five years, the Ice Cream Stores industry in Australia is expected to grow.
What are the biggest companies in the Ice Cream Stores industry in Australia?
The biggest companies operating in the Ice Cream Stores industry in Australia are Franchised Food Company, Baskin-Robbins Australia and Wendys
What does the Ice Cream Stores industry in Australia include?
Gelato and Sorbet are part of the Ice Cream Stores industry in Australia.
Which companies have the highest market share in the Ice Cream Stores industry in Australia?
The company holding the most market share in the Ice Cream Stores industry in Australia is Franchised Food Company.
How competitive is the Ice Cream Stores industry in Australia?
The level of competition is moderate and increasing in the Ice Cream Stores industry in Australia.
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