Magnum Ice Cream might be worth more as an independent company, says Jim Cramer

Core Insights - Unilever has spun off its ice cream business, creating the Magnum Ice Cream Company (MICC), marking the first pure play ice cream stock in the market [1] - The Magnum Ice Cream Company is the largest player in the ice cream industry, owning four of the world's five largest ice cream brands: Walls, Magnum, Ben & Jerry's, and Cornetto [2][3] - The company has a significant global presence, selling over 100 brands across 80 countries and holding a 21% market share [3] Market Position - The closest competitor to Magnum Ice Cream Company is a British company called Feri, which holds an 11% market share, while no other competitor exceeds 2% [4] - Magnum Ice Cream Company is the market leader in every developed country except India and China, where it ranks second [4] Industry Performance - Despite the rise of weight loss drugs impacting the packaged food industry, the ice cream business has been performing well [4]