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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 reached approximately USD 83.65 billion in 2023. The market is projected to grow at a CAGR of 4.3% between 2024 and 2032, reaching a value of around USD 122.65 billion by 2032.

 

Key Takeaways

  • Consumers are willing to pay more for premium experiences, driving the growth of gourmet and artisanal ice creams.
  • Consumers are increasingly looking for ice creams that are low in sugar and fat, or cater to evolving dietary needs.
  • Incorporating functional ingredients such as probiotics, vitamins, and proteins into ice cream is a growing trend.

 

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 utilises 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.

 

Some of the key factors driving the ice cream market growth include the flourishing dairy sector and rising demand for convenience foods. The proliferation of online food delivery services is also anticipated to have a positive impact on the growth of the market. Moreover, the utilisation of ice cream in the preparation of numerous desserts and beverages, such as cakes, milkshakes, waffles, sundaes, cold coffee, and floats is expected to enhance ice cream sales across the globe.

 

Ice Cream Market

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Key Trends and Developments

Sustainability and ethical practices; demand for organic ingredients in ice cream; innovative formats and textures; and labelling regulations by government bodies are the major trends impacting the ice cream market expansion

 

Date News
Feb 2024 Unilever announced its collaboration with Perfect Day, a company based in the United States that produces animal-free dairy, to introduce a new lactose-free ice cream product.
Feb 2024 Jungle Ventures, a venture capital firm, invested USD 20 million into Walko Food, a company that encompasses ice cream brands such as NIC and Grameen Kulfi, to support its expansion.
Feb 2024 US dessert chain Marble Slab Creamery announced the launch of Dark Chocolate Cookies ‘N’ Cream, a new ice cream flavour made with OREO Cookies.
Feb 2024 Unilever announced its collaboration with Perfect Day, a company based in the United States that produces animal-free dairy, to introduce a new lactose-free ice cream product.

 

 

Trends Impact
Sustainability and ethical practices Sustainability concerns are influencing consumer choices, leading to a preference for brands that demonstrate environmental responsibility and ethical sourcing of ingredients.
Demand for organic ingredients in ice cream Increasing health consciousness is leading to a transition towards upmarket treats, which are formulated with organic ingredients.
Innovative formats and textures The ice cream market is seeing innovation in formats and textures, such as ice cream sandwiches, bars, mochi ice cream, and even nitrogen-frozen varieties.
Labelling regulations by government bodies According to the issued norms, it is mandatory to mention the percentage amount of vegetable proteins or vegetable fat/oil on the label of ice creams.

 

Ice Cream Market Trends

The innovation in ice cream formats and textures beyond traditional scoops is a response to consumer demand for novelty, convenience, and sensory experiences. These innovations not only diversify the market but also cater to a wider range of consumption occasions and preferences. For example, ice cream sandwiches consist of ice cream squeezed between two layers of cookies, wafers, or other pastry items and offer a mix of textures from the soft or crunchy outer layers combined with the creamy ice cream, appealing to those who enjoy contrasting textures. Additionally, mochi ice cream wraps are bite-sized balls of ice cream in a soft, chewy mochi (rice cake) exterior which offer a unique combination of the chewy, sweet mochi shell and the cold, creamy ice cream filling.

 

In February 2024, Unilever announced that it had teamed up with Perfect Day to introduce a new ice cream product that is free from lactose. This collaboration signifies a strategic move in the ice cream market development to cater to the growing demand for dairy alternatives that are more sustainable and accessible to those with lactose intolerance or dietary preferences that avoid animal products.

 

Ice Cream Market By Segments

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Market Segmentation

“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 Parlour, Hotels and Restaurants, Online, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Vanilla occupies a major ice cream market share as it complements a wide range of desserts without overwhelming their taste

Based on the flavour, the vanilla flavour accounts for the major share of the market. Vanilla is a universally liked flavour, appreciated across different cultures and regions. Its mild, sweet, and creamy flavour makes it a popular choice for people of all ages. Additionally, vanilla ice cream can serve as a base for a multitude of dessert creations, pairing well with a variety of toppings, mix-ins, and sauces, thus enhancing its versatility. Vanilla ice cream also complements other desserts like pies, cakes, and warm brownies without overpowering them, making it a preferred choice in restaurants and bakeries as well as for home use.

 

Chocolate flavour is expected to witness a robust growth in the ice cream market in the coming years as chocolate is beloved for its rich, deep flavour that appeals to both children and adults. Its indulgent quality makes it a preferred choice for those seeking a satisfying dessert experience. The intensity of chocolate flavour can vary from sweet and mild milk chocolate to the more robust and bitter dark chocolate, catering to a wide range of taste preferences.

 

Supermarkets and hypermarkets maintain their dominance in the market as they offer a one-stop shop for various items providing convenience

Based on the distribution channel, supermarkets and hypermarkets represent the dominant segment and are anticipated to retain their dominance over the forecast period. These distribution channels offer a vast selection of ice cream brands and flavours, catering to diverse consumer preferences. This variety includes everything from premium, artisanal brands to more affordable, mass-market options. The ability to physically browse and compare products directly influences consumer purchasing decisions. These retail formats are designed for one-stop shopping, allowing consumers to purchase ice cream along with their other grocery and household needs, and this convenience factor significantly contributes to their dominance in the ice cream market.

 

Meanwhile, ice cream parlours also hold a significant share in the market. Ice cream parlours offer a distinct dining experience that goes beyond simply purchasing ice cream. The ambience, decor, and service are all part of the appeal, creating a memorable experience for customers. This experiential aspect can make visiting an ice cream parlour a special occasion, drawing in customers who seek more than just a dessert.

 

Ice Cream Market by Region

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Competitive Landscape

The market players are increasing their collaborative efforts and launching novel products to gain a competitive edge in the ice cream market

 

Company Founding Year Headquarters Products
Unilever plc 1930 London, United Kingdom Food and beverages (like ice cream, tea, and sauces), cleaning agents, beauty products, and personal care items
General Mills, Inc 1928 Minnesota, United States Cereals, snack foods, prepared mixes, yoghurt, ice cream, pasta, pizza, and organic products
Ashby's Ice Cream 1984 Michigan, United States Premium ice cream, sherbet, and sorbet
Tillamook County Creamery Association 1909 Oregon, United States Cheese, butter, yoghurt, sour cream, and ice cream

 

Other major 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.

 

Ice Cream Market Analysis by Region

Regionally, the Asia Pacific holds the leading position in the market. Rising disposable incomes and the improved purchasing power of consumers are escalating per capita consumption in emerging regions like India and China. Many areas in the region experience warm climates for much of the year, making ice cream a popular choice for cooling down and this climatic condition drives consistent demand, especially during peak hot seasons. Moreover, the diverse cultures across the Asia Pacific region have led to innovative and localised ice cream flavours that cater to regional tastes and preferences. Traditional flavours, ingredients, and culinary influences are being incorporated into ice cream, making it more appealing to local consumers.

 

The North America ice cream market is anticipated to witness steady growth. The region has seen a trend towards premium ice cream products, which are perceived to offer superior quality, taste, and experience. Consumers are willing to pay a higher price for artisanal, gourmet, or craft ice cream varieties, which often feature high-quality ingredients, exotic flavours, or ethical sourcing claims.

 

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 Parlour
  • 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 Parlour
            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 83.65 billion.

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

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 122.65 billion by 2032.

The major drivers of the market, 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 market 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.

Chocolate flavour is the leading flavour of the product in the market.

The leading category of the product is the impulse segment.

The leading product type of ice cream is the ice cream tubs.

The market on the basis of end-use can be divided into food service and retailers.

On the basis of the sales channel, 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.

Analyst Review

The global ice cream market attained a value of USD 83.65 billion in 2023, 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 2024-2032, growing at a CAGR of 4.3%. The ice cream market is projected to reach USD 122.65 billion by 2032. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on its flavour, the chocolate 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 tubs. The market on the basis of end-use can be divided into food service and retailers. On the basis of the sales channel, the market can be segmented into supermarkets and hypermarkets, convenience stores, ice cream parlours, hotels and restaurants 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, 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.

 

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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