Snow Monkey : Revolutionizing the Ice Cream Industry

Snow Monkey : Revolutionizing the Ice Cream Industry
Case Code: BSTR586
Case Length: 11 Pages
Period: 2015-2019
Pub Date: 2019
Teaching Note: Available
Price: Rs.400
Organization: Snow Monkey Superfood Ice Treat
Industry: Foodservice
Countries: United States
Themes: Disruption, New Product Development, Marketing Strategy
Snow Monkey : Revolutionizing the Ice Cream Industry
Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

In January 2018, a report by Grand View Research, Inc , said the global ice cream market was anticipated to reach US$ 78.8 billion by 2025. The growing demand for premium products, especially in developed countries, was expected to drive ice cream sales. In addition, the growing number of health-conscious consumers was expected to contribute to the market growth and push the sales higher. Over the years, the increase in the demand for lactose-free ice creams was driven by an increase in cases of lactose intolerance and allergies. Also, these products were chosen by consumers who were health conscious and preferred healthy foods. Companies were incorporating new flavors and healthier formulations–including free-from and reduced sugar varieties in the ice cream segment to increase their revenue....

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