China Industry Facts

·         World’s largestice cream market

·         China ice cream sales nearly doubled from 2008-2024

·         4.3 Billion litersconsumed annually ranking #1 over U.S.

·         Y/Y growth of 20-30%

·         Increasing demandfor international and unique flavors

·         2016 Chinese Valentine’s Day Chinese company Zhongjie 1946 sold 100,000 ice cream sticks in 4 minutes via online retailer TMall

·         Private label brandsincreasing China market share

·         Single Serveice cream CAGR 7.6%

·         Artisanal Ice CreamCAGR 9.1%

·         Take-Home and BulkCAGR 7.5%