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Ice Cream Market

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, Brick, Tub, Others; By End-Use: Food Service, Retailers; By Sales Channel; Regional Analysis; Competitive Landscape; 2024-2032

Global Ice Cream Market Outlook

The global ice cream market size attained a value of USD 83.24 billion in 2023. The market is expected to grow at a CAGR of 4.3% between 2024 and 2032, reaching almost USD 121.94 billion by 2032.

 

Key Takeaways

  • In the USA, ice cream makers churned out around 1.38 billion gallons of ice cream in 2022, with families positioned as the primary customers for ice cream retailers.
  • The world consumes around 15 billion litres of ice cream annually.
  • In 2022, the European Union produced 3.2 billion litres of ice cream, an increase of 5% over 2021.

 

Ice cream manufacturers are experimenting with different varieties of toppings and mix-ins on ice creams to make their products look more premium and expand their customer base. The demand for artisanal ice cream is on the rise due to consumer preferences shifting towards unique and high-quality desserts. Artisanal ice cream offers distinct flavours, premium ingredients, and traditional craftsmanship, appealing to consumers seeking a more indulgent and authentic ice cream experience.

 

Some of the factors driving the ice cream market growth are the availability of ice creams on various distribution channels, demand for healthier products using natural ingredients, and the expansion of ice cream parlours.

 

Ice Cream Market

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Key Trends and Developments

Rising demand for premium ice creams, non-dairy ice creams, and the adoption of sustainable production methods are the key trends in the ice cream market development.

 

Date Company Details
June 2023 Unilever Plc Unilever Plc acquired Yasso Holdings, Inc., a leading frozen Greek yoghurt brand in the United States. The acquisition expanded Unilever's ice cream business in North America.
March 2023 Turkey Hill Dairy LLC Turkey Hill Dairy LLC reintroduced its highly sought-after ice cream flavour, Graham Slam, featuring delectable graham flavour, delightful chocolate marshmallow cups, and a tempting graham cracker swirl.
January 2023 Lotte Confectionary Co., Ltd Lotte Confectionary Co., Ltd announced its plan to invest INR 450 crores in its Indian subsidiary, Havmor Ice Cream, over the course of the next five years.
July 2022 Nestle SA Nestle SA introduced the Nescafe Gold cappuccino ice cream, incorporating real coffee in the ice cream core and employing soft coating technology.

 

 

Trends Impact
Demand for vegan ice creams The growing trend towards a plant-based diet and the prevalence of lactose intolerance among the population is driving up the demand for vegan ice creams made of soy, almond, cashew, coconut, and rice milk.
The wide availability of ice creams Ice cream's easy accessibility in supermarkets, convenience stores, and online platforms ensures widespread availability, making it a convenient and accessible dessert option for consumers.
Sustainability in ice cream production Ice cream manufacturers are enhancing their sustainability by adopting energy-efficient production processes and biodegradable and recyclable packaging.
Consumption of premium artisanal ice creams With an increasing focus on unique flavours, premium ingredients, and artisanal craftsmanship, ice cream enthusiasts seek out elevated taste sensations, driving the popularity of premium ice cream products.

 

Global Ice Cream Market Trends

As consumer preferences continue to shift and diversify, staying ahead of the curve with creative and unique ice cream offerings can capture the attention of new customers and retain existing ones. By introducing novel flavours, textures, and ingredient combinations, ice cream manufacturers can create an engaging and delightful experience for consumers, encouraging repeat purchases and building brand loyalty.

 

Ice Cream Market By Segments

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Market Segmentation

Global Ice Cream Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Flavour Chocolate, Fruit, Vanilla, Others
Category Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream
Product Type Cup, Stick, Cone, Brick, Tub, Others
End Use Food Service, Retailers
Sales Channel Supermarkets and Hypermarkets, Convenience Stores, Ice cream parlors, Hotels and Restaurants, Online, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Chocolate is expected to hold a significant ice cream market share as chocolate flavoured ice creams are versatile products

According to the ice cream market analysis, chocolate-flavoured ice creams are versatile and find use in preparing various ice cream-based shakes, cold coffees, and smoothies. Further, cocoa used to produce chocolate ice cream is rich in flavanol, which can improve cardiovascular health.

 

Vanilla is a globally popular flavour. Consumers who are not very fond of strong flavours or scents prefer vanilla ice creams that are creamy and lightly flavoured.

 

The use of natural fruits, either canned or fresh, in ice creams, aids their demand among consumers demanding healthier ice cream versions. Consumer interest in premium and healthy ice creams supports the demand for fruit-flavoured ice creams.

 

The impulse ice cream segment is expected to hold a significant ice cream market share owing to various strategies adopted by retail stores

Retail stores use point-of-sale (PoS) materials and branded cabinets placed strategically in visible locations to support impulse ice cream sales. The warmer months are crucial for impulse ice cream sales in varied formats, such as cups, cones, and sandwich ice creams.

 

Factors influencing the demand for take-home ice creams are improved packaging and widespread availability of family packs and bricks support the market for take-home ice creams. Vegan artisanal ice creams made with organic ingredients, which are sugarless and low-fat are rising in popularity as a healthy indulgence. Ice cream parlours often provide a wide variety of artisanal and gourmet ice cream flavours, allowing customers to explore and indulge in unique taste experiences.

 

Ice Cream Market by Region

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Competitive Landscape

Market players compete to offer high-quality products at different price points for each type of consumer.

 

Company Name Year Founded Headquarters Products/Services
Unilever plc 1872 London, United Kingdom Ice cream brands: Wall’s, Ben & Jerry’s, and Magnum.
Others: Soaps, shampoos, and everyday household care products, etc.
General Mills, Inc. 1928 Minnesota, United States Ice cream brands: Häagen-Dazs Others: Snacks, nutrition bars, frozen hot snacks, wholesome natural pet food, etc.
Ashby's Ice Cream 1984 Michigan, United States Ice cream, sherbet, sorbet, yogurt, and no-sugar-added/low-fat ice cream, etc.
Tillamook County Creamery Association 1909 Oregon, United States Ice cream, cheese, yoghurt, cream cheese spread, sour cream, and butter.

 

Other key players in the ice cream market include Gujarat Cooperative Milk Marketing Federation Limited (Amul), Turkey Hill Dairy, HP Hood, LLC, Wells Enterprises, Inc, Dairy Farmers of America, Inc., Nestlé S.A., Lotte Confectionary Co, Ltd, The Kroger Company, Meiji Holdings Co, Ltd, and Danone S.A.,   among others.

 

Global Ice Cream Market Analysis by Region

Asia Pacific is a prominent region for ice creams due to the rising popularity of ice cream parlours

According to ice cream market analysis, investments in frozen foods, including frozen dairy products, in countries like China and the fast-gaining popularity of ice cream parlours in India support the growth of the market. Small regional brands and shops in the region are increasingly innovating ice creams inspired from the local flavours to expand their customer base. Wafer-thin ice cream called Thai Rolled Ice Cream, is popular in Southeast Asian countries like Thailand, Malaysia, Cambodia, and the Philippines, where it is frequently sold by street vendors.

 

In Europe regulations based on ice cream production ensure their high quality. For instance, Germany has stringent regulations dealing with various kinds of ice cream and their ingredients. For instance, milk ice cream must be 70% milk, ice cream must have 10% milk fat, and cream ice cream should consist of 50% milk and at least 270 grams of egg per litre. This further ensures the production of high-quality ice cream.

 

Figure: Top 5 Ice Cream Exporters in the European Union, 2022 (Million Kilograms)

Country Exports (Million Kilograms)
France 53
The Netherlands 42
Italy 31
Germany 28
Belgium 23

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Flavour
  • Category
  • Product Type
  • End-Use
  • Sales Channel
  • Region
Breakup by Flavour
  • Chocolate
  • Fruit
  • Vanilla
  • Others
Breakup by Category
  • Impulse Ice Cream
  • Take-Home Ice Cream
  • Artisanal Ice Cream
Breakup by Product Type
  • Cup
  • Stick
  • Cone
  • Brick
  • Tub
  • Others
Breakup by End-Use
  • Food Service
  • Retailers
Breakup by Sales Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Ice Cream Parlours
  • Hotels and Restaurants
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Unilever plc
  • General Mills, Inc.
  • Ashby's Ice Cream
  • Tillamook County Creamery Association
  • Gujarat Cooperative Milk Marketing Federation Limited (Amul)
  • Turkey Hill Dairy
  • HP Hood, LLC
  • Wells Enterprises, Inc
  • Dairy Farmers of America, Inc.
  • Nestlé S.A.
  • Lotte Confectionary Co, Ltd
  • The Kroger Company
  • Meiji Holdings Co, Ltd 
  • Danone S.A.
  • Others

 

*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 (2018-2023) 
    8.3    Global Ice Cream Market Forecast (2024-2032)
    8.4    Global Ice Cream Market by Flavour
        8.4.1    Chocolate
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Fruit
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Vanilla
            8.4.3.1    Historical Trend (2018-2023) 
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Ice Cream Market by Category
        8.5.1    Impulse Ice Cream  
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Take-Home Ice Cream
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Artisanal Ice Cream  
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Ice Cream Market by Product Type
        8.6.1    Cup
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Stick
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Cone
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Brick
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Tub
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    Global Ice Cream Market by End-Use 
        8.7.1    Food Service
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Retailers
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Ice Cream Market by Sales Channel
        8.8.1    Supermarkets and Hypermarkets
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Convenience Stores
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Ice Cream Parlours
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032) 
        8.8.4    Hotels and Restaurants
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Online
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Others
    8.9    Global Ice Cream Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032)
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 Product Type
    9.5    Market by Sales Channel
    9.6    Market by Country
        9.6.1    United States of America 
            9.6.1.1    Historical Trend (2018-2023) 
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Canada
            9.6.2.1    Historical Trend (2018-2023) 
            9.6.2.2    Forecast Trend (2024-2032)
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 Product Type
    10.5    Market by Sales Channel
    10.6    Market by Country
        10.6.1    United Kingdom
            10.6.1.1    Historical Trend (2018-2023) 
            10.6.1.2    Forecast Trend (2024-2032)
        10.6.2    Germany
            10.6.2.1    Historical Trend (2018-2023) 
            10.6.2.2    Forecast Trend (2024-2032)
        10.6.3    France
            10.6.3.1    Historical Trend (2018-2023) 
            10.6.3.2    Forecast Trend (2024-2032)
        10.6.4    Italy
            10.6.4.1    Historical Trend (2018-2023) 
            10.6.4.2    Forecast Trend (2024-2032)
        10.6.5    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 Product Type
    11.5    Market by Sales Channel
    11.6    Market by Country
        11.6.1    China
            11.6.1.1    Historical Trend (2018-2023) 
            11.6.1.2    Forecast Trend (2024-2032)
        11.6.2    Japan
            11.6.2.1    Historical Trend (2018-2023) 
            11.6.2.2    Forecast Trend (2024-2032)
        11.6.3    India
            11.6.3.1    Historical Trend (2018-2023) 
            11.6.3.2    Forecast Trend (2024-2032)
        11.6.4    ASEAN
            11.6.4.1    Historical Trend (2018-2023) 
            11.6.4.2    Forecast Trend (2024-2032)
        11.6.5    Australia
            11.6.5.1    Historical Trend (2018-2023) 
            11.6.5.2    Forecast Trend (2024-2032)
        11.6.6    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 Product Type
    12.5    Market by Sales Channel
    12.6    Market by Country
        12.6.1    Brazil
            12.6.1.1    Historical Trend (2018-2023) 
            12.6.1.2    Forecast Trend (2024-2032)
        12.6.2    Argentina
            12.6.2.1    Historical Trend (2018-2023) 
            12.6.2.2    Forecast Trend (2024-2032)
        12.6.3    Mexico
            12.6.3.1    Historical Trend (2018-2023) 
            12.6.3.2    Forecast Trend (2024-2032)
        12.6.4    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 Product Type
    13.5    Market by Sales Channel
    13.6    Market by Country
        13.6.1    Saudi Arabia
            13.6.1.1    Historical Trend (2018-2023) 
            13.6.1.2    Forecast Trend (2024-2032)
        13.6.2    United Arab Emirates
            13.6.2.1    Historical Trend (2018-2023) 
            13.6.2.2    Forecast Trend (2024-2032)
        13.6.3    Nigeria
            13.6.3.1    Historical Trend (2018-2023) 
            13.6.3.2    Forecast Trend (2024-2032)
        13.6.4    South Africa
            13.6.4.1    Historical Trend (2018-2023) 
            13.6.4.2    Forecast Trend (2024-2032)
        13.6.5    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    General Mills, Inc.
            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    Ashby's Ice Cream
            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    Tillamook County Creamery Association
            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    Gujarat Cooperative Milk Marketing Federation Limited (Amul)
            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    Turkey Hill Dairy
            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    HP Hood, LLC
            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    Wells Enterprises, Inc
            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    Dairy Farmers of America, Inc.
            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    Nestlé S.A.
            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    Lotte Confectionary Co, Ltd
            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    The Kroger Company
            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    Meiji Holdings Co, Ltd 
            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    Danone S.A.
            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    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 2032
2.    Global Ice Cream Historical Market: Breakup by Flavour (USD Million), 2018-2023
3.    Global Ice Cream Market Forecast: Breakup by Flavour (USD Million), 2024-2032
4.    Global Ice Cream Historical Market: Breakup by Category (USD Million), 2018-2023
5.    Global Ice Cream Market Forecast: Breakup by Category (USD Million), 2024-2032
6.    Global Ice Cream Historical Market: Breakup by Product Type (USD Million), 2018-2023
7.    Global Ice Cream Market Forecast: Breakup by Product Type (USD Million), 2024-2032
8.    Global Ice Cream Historical Market: Breakup by End-Use (USD Million), 2018-2023
9.    Global Ice Cream Market Forecast: Breakup by End-Use (USD Million), 2024-2032
10.    Global Ice Cream Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
11.    Global Ice Cream Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
12.    Global Ice Cream Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Ice Cream Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Ice Cream Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Ice Cream Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Ice Cream Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Ice Cream Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Ice Cream Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Ice Cream Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Ice Cream Market Structure

Key Questions Answered in the Report

In 2023, the global ice cream market attained a value of nearly USD 83.24 billion.

The ice cream market is expected to grow at a CAGR of 4.3% between 2024 and 2032.

The market is estimated to witness healthy growth during 2024-2032 to reach around USD 121.94 billion by 2032.

Commercially-produced vegan ice creams are produced from plant-based ingredients, such as soy, almond, coconut, or rice milk.

The major drivers of the market, such as its inclusion in numerous desserts and beverages, an expansion of ice cream parlours, and the proliferation of online food delivery services, are expected to aid the market growth.

The key trends propelling the market growth include rising demand for healthier ice creams, the wide availability of ice creams, and the expansion of the food service sector are driving the market growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on sales channels, the market can be segmented into supermarkets and hypermarkets, convenience stores, ice cream parlours, hotels and restaurants, and online, among others.

The major players in the market are Unilever plc, General Mills, Inc., Ashby's Ice Cream, Tillamook County Creamery Association, Gujarat Cooperative Milk Marketing Federation Limited (Amul), Turkey Hill Dairy, HP Hood, LLC, Wells Enterprises, Inc., Dairy Farmers of America, Inc., Nestlé S.A., Lotte Confectionary Co, Ltd, The Kroger Company, Meiji Holdings Co, Ltd, and Danone S.A., among others.

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