Froneri: The Ice Cream and Frozen Desserts Market Shows Steady Growth Over Decades
Source: The DairyNews
This is reported in the company's financial report for the year 2023. “We analyze our markets by dividing them into the at-home ice cream segment, where products are purchased from retailers for home consumption, and the out-of-home ice cream segment, for immediate consumption. The at-home market for Froneri products is larger, although both segments are significant in most of the Group’s key territories,” the report notes.
It is noteworthy that approximately 87% of Froneri's ice cream volume is sold under branded labels, including iconic brands such as Häagen-Dazs (USA), Extrême, Drumstick, Oreo, Nuii, Cadbury, Milka, Outshine, and Pirulo.
The share of private labels is significantly smaller, although Froneri has a substantial presence of private labels in some key countries.
Overall, Froneri ranks second in revenue volume in global markets (second only to Unilever).
According to company analysts, the main growth factors in the market are snacks, "premiumization," innovation, convenience, and accessibility.
Moreover, the report states that Froneri has increased the value of the snack and premium segments and is well-positioned for further growth in these markets. The company is also developing products to adapt to changing consumer trends (expanding snack ranges, wellness products, and enhancing nutrition), according to the company.
For the year ended December 31, 2023, Froneri's revenue amounted to €5,292 million (2022: €5,074 million), EBITDA was €966 million (2022: €831 million), and operating profit was €530 million (2022: €414 million). As of December 31, 2023, the Group's net assets were €1,468 million.
The share of private labels is significantly smaller, although Froneri has a substantial presence of private labels in some key countries.
Overall, Froneri ranks second in revenue volume in global markets (second only to Unilever).
According to company analysts, the main growth factors in the market are snacks, "premiumization," innovation, convenience, and accessibility.
Moreover, the report states that Froneri has increased the value of the snack and premium segments and is well-positioned for further growth in these markets. The company is also developing products to adapt to changing consumer trends (expanding snack ranges, wellness products, and enhancing nutrition), according to the company.
For the year ended December 31, 2023, Froneri's revenue amounted to €5,292 million (2022: €5,074 million), EBITDA was €966 million (2022: €831 million), and operating profit was €530 million (2022: €414 million). As of December 31, 2023, the Group's net assets were €1,468 million.
