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North American Ice Cream Market to be Aided by the Global Industry, Which is Likely to Grow at a CAGR of 7.5% in the Forecast Period

According to a new report by EMR titled, ‘North American Ice Cream Market Report and Forecast 2021-2026’, The North America ice cream market is likely to be driven by the global ice cream market, which stood at a value of USD 62.3 billion in 2020. The global market is further anticipated to grow in the forecast period of 2021-2026 at a CAGR of 7.5% to reach USD 96.1 billion by 2026.

The North American ice cream market is primarily driven by the global ice cream industry. The North American market is majorly driven by various consumer tastes due to increased health consciousness and need-specific demands. Demand for sugar- free, fat -free and vegan ice cream is increasing. With respect to flavours, according to the International Dairy Food Association, vanilla tops to become the most preferred flavour in United States, followed by chocolate. Strawberry is the most popular fruit in ice creams. Depending upon the type of serving prevalent in the United States, mini cups are preferred over sticks and sticks over cones. All of these are majorly preferred over bricks and tubs as the former options are convenient to snack on-the-go. Artisanal ice creams, that are handcrafted with ingredients like black sesame, blueberry jam, coconut or salty caramel among many others are also among favourites in the market.

Market players are trying to build up recipe’s that are more nutritional and have more organic ingredients. Nestle (OTCMKTS: NSRGF) is making efforts to remove unfamiliar ingredients and minimize the use of artificial colours in its food, beverages, dairy, and ice creams, and others. In 2019, the company established an internal team to find simplified “kitchen-cupboard” ingredients to make it more suitable to consumer’s health concerns. This will cater to the increasing favouritism for organic alternatives and will further provide an impetus to the industry growth.

Market Analysis by Flavour, Category, Type, Distribution Channels, and Regions:

  • The flavours offered are chocolate, fruit, and vanilla, among others.
  • The different categories include impulse, take-home, and artisanal ice creams.
  • Various ways of serving ice cream are cup, stick, cone, brick, and tub, among other.
  • Different distribution channels used to reach consumers are supermarkets and hypermarkets, convenience stores, ice cream parlours, and online stores, among others.
  • The regional markets for ice cream in North America are United States and Canada.

Key Findings of the Report:

  • Increasing variety of flavours and experimenting with ingredients is attracting a large base of consumers.
  • Rising health consciousness is giving way for introducing healthier version of ice creams with more organic and plant based ingredients.
  • Healthier options of the product, like fat-free, sugar free or vegan ice creams is trending the most.
  • Serving ice cream with pancakes, waffles, shakes, coffee, brownie or some other combination is gaining popularity driving market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the North American ice cream market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the flavour, category, type, distribution channels, and major regions of ice cream in North America. 
  • It assesses the regional trade data analysis for the (2016-2020) and (2021-2026) periods.  
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the North American Ice Cream market are BR IP Holder LLC (Baskin Robbins), Nestle SA, Unilever Plc, Turkey Hill Dairy, Blue Bell Creameries, L.P., Wells Enterprises Inc., and David Chapman’s Ice Cream Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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