Core Viewpoint - The company, Dream Ice Cream, has officially announced its listing in Amsterdam, London, and New York, with a total share capital of 612 million shares. The company was previously part of Unilever and is set to operate independently starting July 2025 [2]. Group 1: Company Overview - Dream Ice Cream is the largest ice cream company globally, with projected revenue of €7.9 billion in 2024, capturing a 21% market share. Competitor Froneri holds an 11% market share, while eight other companies, including Mengniu, Yili, Nestlé, and Mars, collectively account for 12% [2]. - The Chinese market is one of Dream Ice Cream's top ten core markets and ranks second in retail sales for 2024, while other core markets hold the first position in market share [2]. Group 2: Market Dynamics - Despite Dream Ice Cream's strong global position and significant share in China, the overall ice cream market is facing challenges with slowing growth. The average price per 100 grams of ice cream has decreased from ¥3.94 in 2023 to ¥3.65 in the first eleven months of this year [3]. - Analysts suggest that Dream Ice Cream, as a foreign brand, has a higher overall gross margin and will benefit from brand, scale, and fan effects, as well as a complete supply chain after its separation from Unilever [3][4].

Core Viewpoint - Dream Ice Cream Company has officially announced its listing in Amsterdam, London, and New York, with a total share capital of 612 million shares. The company, which was previously part of Unilever, aims to focus on its independent operations after the split in 2024 [3][4]. Group 1: Company Overview - Dream Ice Cream Company generated revenue of €7.9 billion in 2024, capturing a 21% share of the global ice cream market. The second-largest player, Froneri, holds an 11% market share, while eight other companies, including Mengniu, Yili, Nestlé, and Mars, collectively account for 12% [3]. - In the Chinese market, Dream Ice Cream is one of the top ten core markets globally and ranks second in retail sales for 2024, while other core markets hold the top position [3]. Group 2: Market Dynamics - The overall ice cream market is experiencing a slowdown in growth, with the average price per 100 grams of ice cream declining from ¥3.94 in 2023 to ¥3.65 in the first eleven months of the current year [4]. - Despite the challenges in the market, Dream Ice Cream is expected to leverage its brand, scale, and supply chain advantages post-split, focusing on building a product pyramid to enhance its market position [4].

Group 1 - The company Menglong Ice Cream has officially announced its listing in Amsterdam, London, and New York, with a total share capital of 612 million shares [2] - Menglong, previously part of Unilever, will complete its independent operations by July 2025, following a split of the ice cream business [2] - In 2024, Menglong is projected to achieve a revenue of €7.9 billion, capturing a 21% share of the global ice cream market, while competitor Froneri holds an 11% market share [2] Group 2 - The Chinese market is one of Menglong's top ten core markets, ranking second in retail sales for 2024, while other core markets hold the first position [2] - Despite Menglong's strong global position, the overall ice cream market is facing challenges with slowing growth [3] - The average price per 100 grams of ice cream has decreased from ¥3.94 in 2023 to ¥3.65 in the first eleven months of this year [3]

Core Insights - The global ice cream market is experiencing a slowdown in growth, despite Dreamlon's strong position in both global and Chinese markets [1][2] - Dreamlon Ice Cream Company has announced its listing in Amsterdam, London, and New York, with a total share capital of 612 million shares [1] - The company, which was previously part of Unilever, will operate independently starting July 2025, with a focus on brands like Cornetto, Dreamlon, and Häagen-Dazs in China [1] Market Position - Dreamlon is the largest ice cream company globally, with projected revenue of €7.9 billion in 2024, capturing 21% of the global market share [1] - Competitors include Froneri with an 11% market share, and a group of eight companies including Mengniu, Yili, Nestlé, and Mars, which collectively hold 12% [1] - In China, Dreamlon is one of the top ten core markets, ranking second in retail sales for 2024, while other core markets hold the first position [1] Pricing Trends - The average price per 100 grams of ice cream has declined from ¥3.94 in 2023 to ¥3.65 in the first eleven months of the current year [2] - This price drop indicates a potential challenge for the overall ice cream market, which may affect profitability [2] Analyst Insights - Analysts suggest that Dreamlon's high gross margin as a foreign brand, along with its brand, scale, and supply chain advantages, will allow it to remain competitive post-separation from Unilever [2] - The focus will be on establishing a product pyramid to enhance market positioning and resource allocation [2]