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Global Ice Cream Market Share, Size, Growth, Analysis: By Flavour: Chocolate, Fruit, Vanilla, Others; By Category: Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream; By Product Type: Cup, Stick, Cone, Others; By End-Use; By Sales Channel; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Ice Cream Market Outlook
The global ice cream market stood at a value of USD 77.5 billion in 2022. The market is further anticipated to grow in the forecast period of 2023-2028 at a CAGR of 4.3% to reach USD 99.77 billion by 2028.
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Based on the flavour, the vanilla flavour is expected to account for the major market share in 2020. On the basis of category, the impulse segment dominated the market. Based on the distribution channel, the supermarkets and hypermarkets represent the dominant market segment and is anticipated to retain its dominance over the forecast period. Regionally, the Asia Pacific holds the leading position in the market.
Properties and Applications
Ice cream is a frozen dessert prepared with a combination of milk, cream, fruits, and artificial or natural flavourings. In some variants, such as frozen custard and French ice creams, it also utilizes egg as one of the main ingredients. It is a rich source of carbohydrates, phosphorus, calcium, thiamine, niacin, riboflavin, folate, and vitamins such as A, C, D, E, K, B-6, and B-12. Consequently, it offers numerous health benefits, such as strengthening bones, providing energy, lowering blood pressure, stimulating brain functions, and repairing muscle tissue. Also, there are many flavours available in the market, like strawberry, chocolate, vanilla, and others. Rapid advancements in logistics and production processes have also enabled manufacturers to offer ice cream in most of the restaurant, supermarket and corner stores, thus, are expected to create a greater demand in the market during the forecast period.
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On the basis of flavour, the industry can be divided into:
- Chocolate
- Fruit
- Vanilla
- Others
Based on the category, the market can be broadly categorised into:
- Impulse
- Take-Home
- Artisanal
The major product types in the global ice cream market are:
- Cup
- Stick
- Cone
- Brick
- Tub
- Others
The market on the basis of end-use can be divided into:
- Food Service
- Retail
On the basis of the sales channel, the industry can be segmented into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Ice Cream Parlours
- Online
- Others
The EMR report looks into the regional markets in the global ice cream market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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Market Analysis
Ice cream is utilised in the preparation of numerous desserts and beverages, such as cakes, milkshakes, waffles, sundaes, cold coffee, and floats, which is expected to increase the sales of ice creams across the globe. Rising disposable incomes and the improved purchasing power of consumers are escalating its per capita consumption in emerging regions like India and China. The proliferation of online food delivery services is also anticipated to exhibit a positive impact on the growth of the market. Significant growth in the dairy industry, rising demand for convenience foods, and the increasing product premiumisation are also contributing to the increased demand for ice creams in the coming years. Apart from this, the availability of various flavoured ice creams in modern retail formats such as departmental stores, hypermarkets, supermarkets, and convenience stores is also driving the market growth.
Increasing health consciousness is also leading to a transition towards upmarket treats, which are formulated with organic ingredients. Besides, several governing bodies across the globe are issuing new regulations pertaining to the labelling, ingredients, and manufacturing of ice cream. According to the issued norms, it is mandatory to mention the percentage amount of vegetable proteins or vegetable fat/oil on the label, thus, propelling the demand for ice creams over the assessment period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global ice cream market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Unilever plc
- Nestlé S.A.
- General Mills, Inc.
- Lotte Confectionery Co.,Ltd
- Dairy Farmers of America, Inc.
- Danone S.A.
- The Kroger Co.
- Meiji Holdings Co., Ltd.
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Turkey Hill Dairy
- HP Hood LLC.
- Wells Enterprises, Inc.
- Tillamook County Creamery Association
- American Dairy Queen Corporation
- Ashby's Ice Cream
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Flavour |
|
| Breakup by Category |
|
| Breakup by Product Type |
|
| Breakup by End-Use |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ice Cream Market Analysis
8.1 Key Industry Highlights
8.2 Global Ice Cream Historical Market (2018-2022)
8.3 Global Ice Cream Market Forecast (2023-2028)
8.4 Global Ice Cream Market by Flavour
8.4.1 Chocolate
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fruit
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Vanilla
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Ice Cream Market by Category
8.5.1 Impulse Ice Cream
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Take-Home Ice Cream
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Artisanal Ice Cream
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Ice Cream Market by Product Type
8.6.1 Cup
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Stick
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Cone
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Brick
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Tub
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Ice Cream Market by End-Use
8.7.1 Food Service
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Retail
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Ice Cream Market by Sales Channel
8.8.1 Supermarkets and Hypermarkets
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Convenience Stores
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Ice Cream Parlour
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Online
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Others
8.9 Global Ice Cream Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Ice Cream Market Analysis
9.1 Market by Flavour
9.2 Market by Category
9.3 Market by End-Use
9.4 Market by Sales Channel
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Canada
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
10 Europe Ice Cream Market Analysis
10.1 Market by Flavour
10.2 Market by Category
10.3 Market by End-Use
10.4 Market by Sales Channel
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Market Share
10.5.1.2 Historical Trend (2018-2022)
10.5.1.3 Forecast Trend (2023-2028)
10.5.2 Germany
10.5.2.1 Market Share
10.5.2.2 Historical Trend (2018-2022)
10.5.2.3 Forecast Trend (2023-2028)
10.5.3 France
10.5.3.1 Market Share
10.5.3.2 Historical Trend (2018-2022)
10.5.3.3 Forecast Trend (2023-2028)
10.5.4 Italy
10.5.4.1 Market Share
10.5.4.2 Historical Trend (2018-2022)
10.5.4.3 Forecast Trend (2023-2028)
10.5.5 Others
11 Asia Pacific Ice Cream Market Analysis
11.1 Market by Flavour
11.2 Market by Category
11.3 Market by End-Use
11.4 Market by Sales Channel
11.5 Market by Country
11.5.1 China
11.5.1.1 Market Share
11.5.1.2 Historical Trend (2018-2022)
11.5.1.3 Forecast Trend (2023-2028)
11.5.2 Japan
11.5.2.1 Market Share
11.5.2.2 Historical Trend (2018-2022)
11.5.2.3 Forecast Trend (2023-2028)
11.5.3 India
11.5.3.1 Market Share
11.5.3.2 Historical Trend (2018-2022)
11.5.3.3 Forecast Trend (2023-2028)
11.5.4 ASEAN
11.5.4.1 Market Share
11.5.4.2 Historical Trend (2018-2022)
11.5.4.3 Forecast Trend (2023-2028)
11.5.5 South Korea
11.5.5.1 Market Share
11.5.5.2 Historical Trend (2018-2022)
11.5.5.3 Forecast Trend (2023-2028)
11.5.6 Australia
11.5.6.1 Market Share
11.5.6.2 Historical Trend (2018-2022)
11.5.6.3 Forecast Trend (2023-2028)
11.5.7 Others
12 Latin America Ice Cream Market Analysis
12.1 Market by Flavour
12.2 Market by Category
12.3 Market by End-Use
12.4 Market by Sales Channel
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Market Share
12.5.1.2 Historical Trend (2018-2022)
12.5.1.3 Forecast Trend (2023-2028)
12.5.2 Argentina
12.5.2.1 Market Share
12.5.2.2 Historical Trend (2018-2022)
12.5.2.3 Forecast Trend (2023-2028)
12.5.3 Mexico
12.5.3.1 Market Share
12.5.3.2 Historical Trend (2018-2022)
12.5.3.3 Forecast Trend (2023-2028)
12.5.4 Others
13 Middle East and Africa Ice Cream Market Analysis
13.1 Market by Flavour
13.2 Market by Category
13.3 Market by End-Use
13.4 Market by Sales Channel
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Market Share
13.5.1.2 Historical Trend (2018-2022)
13.5.1.3 Forecast Trend (2023-2028)
13.5.2 United Arab Emirates
13.5.2.1 Market Share
13.5.2.2 Historical Trend (2018-2022)
13.5.2.3 Forecast Trend (2023-2028)
13.5.3 Nigeria
13.5.3.1 Market Share
13.5.3.2 Historical Trend (2018-2022)
13.5.3.3 Forecast Trend (2023-2028)
13.5.4 South Africa
13.5.4.1 Market Share
13.5.4.2 Historical Trend (2018-2022)
13.5.4.3 Forecast Trend (2023-2028)
13.5.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Manufacturing Process
17 Project Requirements and Costs Involved
17.1 Land Requirements and Expenditures
17.2 Construction Requirements and Expenditures
17.3 Plant Machinery
17.4 Raw Material Requirements and Expenditures
17.5 Packaging Requirements and Expenditures
17.6 Transportation Requirements and Expenditures
17.7 Utility Requirements and Expenditures
17.8 Manpower Requirements and Expenditures
17.9 Other Capital Investments
18 Loans and Financial Assistance
19 Project Economics
19.1 Capital Cost of the Project
19.2 Techno-Economic Parameters
19.3 Product Pricing and Margins Across Various Levels of the Supply Chain
19.4 Taxation and Depreciation
19.5 Income Projections
19.6 Expenditure Projections
19.7 Financial Analysis
19.8 Profit Analysis
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 Unilever plc
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Nestlé S.A.
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 General Mills, Inc.
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 Lotte Confectionery Co.,Ltd
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Dairy Farmers of America, Inc.
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Danone S.A.
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 The Kroger Co.
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Meiji Holdings Co., Ltd.
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 Gujarat Cooperative Milk Marketing Federation Ltd.
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 Turkey Hill Dairy
20.2.10.1 Company Overview
20.2.10.2 Product Portfolio
20.2.10.3 Demographic Reach and Achievements
20.2.10.4 Certifications
20.2.11 HP Hood LLC.
20.2.11.1 Company Overview
20.2.11.2 Product Portfolio
20.2.11.3 Demographic Reach and Achievements
20.2.11.4 Certifications
20.2.12 Wells Enterprises, Inc.
20.2.12.1 Company Overview
20.2.12.2 Product Portfolio
20.2.12.3 Demographic Reach and Achievements
20.2.12.4 Certifications
20.2.13 Tillamook County Creamery Association
20.2.13.1 Company Overview
20.2.13.2 Product Portfolio
20.2.13.3 Demographic Reach and Achievements
20.2.13.4 Certifications
20.2.14 American Dairy Queen Corporation
20.2.14.1 Company Overview
20.2.14.2 Product Portfolio
20.2.14.3 Demographic Reach and Achievements
20.2.14.4 Certifications
20.2.15 Ashby's Ice Cream
20.2.15.1 Company Overview
20.2.15.2 Product Portfolio
20.2.15.3 Demographic Reach and Achievements
20.2.15.4 Certifications
20.2.16 Others
21 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ice Cream Market: Key Industry Highlights, 2018 and 2028
2. Global Ice Cream Historical Market: Breakup by Flavour (USD Million), 2018-2022
3. Global Ice Cream Market Forecast: Breakup by Flavour (USD Million), 2023-2028
4. Global Ice Cream Historical Market: Breakup by Category (USD Million), 2018-2022
5. Global Ice Cream Market Forecast: Breakup by Category (USD Million), 2023-2028
6. Global Ice Cream Historical Market: Breakup by Product (USD Million), 2018-2022
7. Global Ice Cream Market Forecast: Breakup by Product (USD Million), 2023-2028
8. Global Ice Cream Historical Market: Breakup by End-Use (USD Million), 2018-2022
9. Global Ice Cream Market Forecast: Breakup by End-Use (USD Million), 2023-2028
10. Global Ice Cream Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
11. Global Ice Cream Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
12. Global Ice Cream Historical Market: Breakup by Region (USD Million), 2018-2022
13. Global Ice Cream Market Forecast: Breakup by Region (USD Million), 2023-2028
14. North America Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2022
15. North America Ice Cream Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Europe Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2022
17. Europe Ice Cream Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Asia Pacific Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2022
19. Asia Pacific Ice Cream Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Latin America Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2022
21. Latin America Ice Cream Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Middle East and Africa Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2022
23. Middle East and Africa Ice Cream Market Forecast: Breakup by Country (USD Million), 2023-2028
24. Global Ice Cream Market Structure
Key Questions Answered in the Report
In 2022, the global ice cream market attained a value of nearly USD 77.5 billion.
The market is projected to grow at a CAGR of 4.3% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 99.77 billion by 2028.
The major drivers of the industry, such as its inclusion in numerous desserts and beverages, rising disposable incomes, and the proliferation of online food delivery services, are expected to aid the market growth.
The key market trend guiding the growth of the ice cream market includes the increasing health consciousness among consumers, which will help introduce new variants.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the market.
Vanilla flavour is the leading flavour of the product in the industry.
The leading category of the product is the impulse segment.
The leading product type of ice cream is the ice cream cups.
The market on the basis of end-use can be divided into food service and retail.
On the basis of the sales channel, the market can be segmented into supermarkets and hypermarkets, convenience stores, ice cream parlours, and online, among others.
The major players in the market are Unilever plc, Nestlé S.A., General Mills, Inc., Lotte Confectionery Co.,Ltd, Dairy Farmers of America, Inc., Danone S.A., The Kroger Co., Meiji Holdings Co., Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Turkey Hill Dairy, HP Hood LLC., Wells Enterprises, Inc., Tillamook County Creamery Association, American Dairy Queen Corporation, and Ashby's Ice Cream, among others.
Analyst Review
The global ice cream market attained a value of USD 77.5 billion in 2022, driven by proliferating online food delivery services. Aided by the increasing health consciousness among consumers, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.3%. The ice cream market is projected to reach USD 99.77 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on its flavour, the vanilla flavour accounts for the largest market share. On the basis of category, the market is led by the impulse segment. On the basis of product type, the market is led by ice cream cups. The market on the basis of end-use can be divided into food service and retail. On the basis of the sales channel, the market can be segmented into supermarkets and hypermarkets, convenience stores, ice cream parlours, and online, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Unilever plc, Nestlé S.A., General Mills, Inc., Lotte Confectionery Co., Ltd, Dairy Farmers of America, Inc., Danone S.A., The Kroger Co., Meiji Holdings Co., Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Turkey Hill Dairy, HP Hood LLC., Wells Enterprises, Inc., Tillamook County Creamery Association, American Dairy Queen Corporation, and Ashby's Ice Cream, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
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