The global ice cream market was valued at $57.7 billion in 2018, with a compound annual growth rate of 4.5 percent from 2011 to 2018. The market is expected to reach $91.2 billion by 2024, growing at an annual rate of 8.0 percent from 2019 to 2024. Because the fast-food business is one of the largest consumers of ice cream, the rise in the number of fast-food franchises around the world is causing ice cream consumption to skyrocket. Furthermore, because ice cream consumption is elastic in terms of money, countries like India and China are seeing an increase in per capita consumption. Aside from that, modern retail setups such as department stores and shopping malls have grown in popularity.convenience stores, which leads to worldwide sales growth. However, due to an influx of handcrafted ice creams, which is related to market maturity, the United States is leading the way. Japan, Brazil, Germany, and Italy also make substantial contributions to the worldwide ice cream business.
Nigerian ice cream production has increased dramatically in recent years. The Nigerian ice cream market grew at an annual rate of 8.52 percent in 2017 and is predicted to reach N15 million in 2018. With a per capita consumption of 0.0001723 litres in 2018, Multi-Packs (Water-Based) are the dominant sector in the convenient take-home ice cream section. The dairy-based single serve, on the other hand, is the fastest-growing segment of the Impulse Ice Cream category. With a CAGR of 12.3%, the Impulse Ice Cream category is predicted to reach N2 billion by 2023.
Nigeria can be one of the hottest countries in Africa during certain seasons of the year, with everyone in need of something cold to satisfy their thirst and stay hydrated. In addition, the desire for ice cream among Nigerian youngsters and children plays a crucial role in the ice cream business. In Nigeria, ice cream sells better in towns and cities. Because these groups of people account for a larger proportion of the Nigerian population, it is an ideal business in which to invest your time and money. The ice cream producing business is a worthwhile investment if you’re wanting to build a profitable business in Nigeria or anywhere else in Africa.
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What Exactly Is Ice Cream?
Ice cream is a sweet, frozen delicacy produced from a mixture of milk, cream, and artificial or natural flavors. Eggs are used as one of the key components in some ice cream varieties.
What Is An Ice Cream Manufacturing Company?
The complete process of turning diverse components and substances into finished ice cream is referred to as ice cream manufacture. Ice cream can be made in a variety of ways, but the end result is always the same: a delicious semi-liquid snack! The production, packaging, and distribution of ice cream to retailers and end-consumers are all part of an ice cream manufacturing firm.
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ICE CREAM PRODUCTION BUSINESS OPPORTUNITIES IN NIGERIA AND AROUND THE WORLD 1) Ice Cream Equipment For Sale And Distribution:
Depending on the volume, ice cream manufacture necessitates the use of various large and small equipment. Selling ice cream equipment is a viable business concept, especially as more ice cream enterprises and stores spring up around the country.
2) Ice Cream Availability:
Dessert is, without a doubt, the most important portion of a dinner. That is why restaurants require a steady supply of ice cream in order to meet the demands of their patrons. As the number of restaurants and hotels grows, so does the demand for ice cream. Distributors and suppliers are needed to help with this. You can start an ice cream supply and sell it to local restaurants.
3. Ice Cream Manufacturing:
To acquire the best results while processing ice cream, especially in large numbers, trained staff are required. Ice cream production is a large-scale business opportunity that employs many people all around the world.
4) Distribution of Ice Cream:
The majority of ice cream firms require distributors. You can establish an ice cream distribution business if you don’t have the funds to manufacture. To get started, you’ll need to get the essential equipment, such as a refrigerated truck and a cool room or storage. The next step is to consider where you’ll buy your products and who you’ll sell them to. Malls, supermarkets, ice cream parlors, mobile vendors, public and private schools, the foodservice industry, and other places can be targeted.
Ice Cream Benefits and Facts
Vitamins A, C, D, E, K, B-6, and B-12, as well as carbohydrates, calcium, phosphorus, thiamine, riboflavin, niacin, folate, and vitamins A, C, D, E, K, B-6, and B-12, are all abundant in ice cream.
Ice cream helps to boost the brain.
It’s a terrific energy source.
Due to strong demand, it is never out of stock.
It boosts the immune system’s defenses.
Ice cream has the ability to change one’s mood.
Ice cream is a fermented food, which is beneficial to our digestive and respiratory systems.
- It promotes oxygen circulation to your tissues and keeps your body’s pH in check.
Ice cream’s phosphorus concentration aids in enhancing libido by keeping track of testosterone levels.
Nero, the Roman emperor, transported ice from the Alps and combined it with fruit toppings in the 4th century BC.
The United States, Japan, Brazil, Germany, and Italy are among the largest ice cream markets.
The most popular ice cream flavors are vanilla and chocolate.
Garlic, avocado, bacon, and liquorice are among the other flavors.
Every year, the average American consumes about 60 pints of ice cream.
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Ice Cream Varieties
Gelato is an ice cream that originated in Italy. This ice cream is produced entirely of whole milk, with no additional cream. Gelato has a substantially lower milk fat content than conventional ice cream. Gelato is also prepared without the use of eggs or stabilizers, and little to no air is whipped into it during the churning process, resulting in a dense, thick texture.
2). Yogurt (frozen):
Frozen yoghurt, sometimes known as Fro-Yo, is a popular ice cream in most regions of the world. This frozen dessert is frequently created with the same components as classic ice cream, but with a lower fat content. There’s also yoghurt in there.
Sorbet is the third option.
Sorbet is a frozen delicacy with very little, if any, dairy. It has a light texture and flavor and is produced with frozen berries and sweetened water.
Sherbet (number 4):
Sherbet is a frozen fruit dish similar to sorbet, however it contains dairy. Fruit juice, milk, egg whites, and sometimes gelatin are used to make it. Sherbet ice cream is a frozen delicacy with a milkfat content of 1-3 percent. Ice cream is made when the sugar content exceeds 3%. It’s termed water ice if it’s less than 1%.
5. Ice from Italy:
Italian ice (sometimes known as “water ice”) is a fruit-based ice cream that is manufactured in the same way as standard ice cream. Although egg white is frequently added to the mix, it does not contain any dairy.
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A Step-By-Step Guide To Starting An Ice Cream Making Business In Nigeria
Obtain the Required Skills:
You must first learn how to make ice cream before starting an ice cream manufacturing firm. This entails mastering the fundamentals and then adding your own flair to give your items a distinct flavor. Having a good and distinct production style will provide you a competitive advantage in the market. Continuous training is also vital for keeping your skills and those of your team members up to date.
Ice Cream Making Instructions
Heavy cream, full milk, sugar, sea salt, large egg yolks, and other essential components are needed to produce ice cream.
Simmer the heavy cream, milk, sugar, flavoring, and salt in a small pot until the sugar is completely dissolved. It takes approximately five minutes to complete.
Whisk egg yolks in a separate dish. Slowly pour about a third of the hot cream into the yolks while whisking, then return the yolk mixture to the saucepan with the cream and whisk again. Place the pot over medium/low heat and cook, stirring occasionally, until the liquid thickens enough to coat the back of a spoon. After that, sift the mixture into a basin.
- Cool the mixture to room temperature (you may speed up the process by putting it in the blast chiller for a few seconds). However, it should not be freezing). Refrigerate for at least 4 hours or overnight in a regular refrigerator.
In an ice cream machine, churn the mixture according to the manufacturer’s directions.
Soft serve can be served straight from the machine, or frozen until needed.
Market and package
2) Establish Your Business Scale:
What size would you like to go? A restaurant serving or commercial function for multipurpose such as gifting or shopping, distribution, and so on would be on a larger size. A lower-scale would only contain consumption between smaller sectors, rather than a large population. In any case, some of the elements to consider here are the distribution routes and packaging requirements. Determining your scale from the outset will offer you a clear picture of the funds you should set aside for your ice cream shop.
3). Conduct a Feasibility Analysis:
This entails researching the market or area where you wish to start your ice cream manufacturing firm. Determine your current and potential competitors, as well as the availability of restaurants and motels, as well as the preferences of the general public.
4). Obtain the Required Equipment:
The type of equipment required is mostly determined by whether you want to go large-scale or not. However, the following are some of the most essential tools:
Cabinet for dipping ice cream
Display cabinet for ice cream
Maker of ice cream
ice cream machine
5. Register Your Company:
Register your company as a legal entity and seek for a license with your state’s food regulatory agency, such as NAFDAC.
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The Obstacles To Starting An Ice Cream Manufacturing Business In Nigeria
- For keeping ice cream cold, there is a limited quantity of electricity.
Ice cream is difficult to keep cool in really hot conditions.
Other brands’ competition
The amount of money available for investment is considerable.
Low-calorie ice cream is on the increase.
For distribution, there is a poor road network.
Changing pricing of necessary elements
Food regulatory agencies have imposed excessive requirements.
Flavors are introduced on a regular basis, and customer preferences change.
During the winter, there aren’t many people who like ice cream.
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Despite the fact that the ice cream company suffers during the winter seasons, it is bound to remain in demand from time to time, and hence holds enormous promise for investors. Because of the large market need and your potential to establish a large network, starting an ice cream producing business in Nigeria can be a lucrative and profitable endeavor. If you’re searching for a profitable business to start, the ice cream manufacturing industry in Nigeria is an excellent place to start.
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