Ice cream inflation in Canada stood at -3.450% in Q3 2024, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q3 2024, GlobalData monitored the pricing of 474 ice cream SKUs from companies such as Chapman’s, Häagen-Dazs and President’s Choice that were sold by e-retailers. Buy the report here.
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Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that Atlantic SuperMarket offered lowest prices of the total SKUs within the ice cream category from July through September 2024, followed by Atlantic SuperMarket and Voila. According to the analysis, the price range of $5 and below was the most competitive, with 239 SKUs.
The chart below illustrates price leadership among the covered retailers which offer the highest number of low-priced products in the category. Of all retailers, Atlantic SuperMarket had greatest share of lowest prices for individual SKUs in ice cream in Canada in Q3 2024.
Analysis of the quarterly price data showed that no discounts were offered for ice cream category by the retailers tracked by GlobalData. Among variants, the tracker revealed vanilla and neapolitan as the most popular (by number of SKUs) ice cream variants. These were priced 19.49% lower than the average price of a ice cream SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Atlantic SuperMarket, Real Candian Superstore, Voila, Valu Mart and MetroCanada. According to the analysis, Valu Mart had the lowest average unit price, while the retailer with the widest product assortment was Atlantic SuperMarket.
The report brings attention to the intricate pricing dynamics within the ice cream market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Real Candian Superstore, Atlantic SuperMarket and Voila stood out as prominent e-retailers, providing competitive pricing for a substantial number of ice cream SKUs. However, to comprehensively grasp ice cream market in Canada, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Canada ice cream market, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s online price intelligence platform helps users analyze price leadership and price gaps, as well as visualize product variants at the SKU level, across multiple geographies, retailers, and categories. The platform, a product of Consumer Intelligence Center provides price insights from more than 370 online retailers across 44 countries.
