Ice Cream Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Category (Take-Home Ice Cream, Impulse Ice Cream, and Artisan Ice Cream), By Product Type (Brick, Tub, Cup, Cone, Stick, and Others (Ice Cream Sandwiches and Jellies)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others (Push Carts, etc.
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationIce Cream Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Category (Take-Home Ice Cream, Impulse Ice Cream, and Artisan Ice Cream), By Product Type (Brick, Tub, Cup, Cone, Stick, and Others (Ice Cream Sandwiches and Jellies)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others (Push Carts, etc.
The global ice cream market is anticipated to project robust growth in the forecast period, 2022-2027, with a CAGR of 6.47% on account of increasing population, economic development, and rising purchasing power of consumers. Ice cream is mainly popular throughout the summer months, and it also contains a variety of nutrients, including minerals and vitamins. Ice cream is not only nutritious, but it is also a tremendous source of energy. Ice cream contains carbohydrates, lipids, and proteins, all of which are required by the human body to produce energy. Ice cream is enjoyed by individuals of all ages. Moreover, manufacturers are developing new innovations to offer reduced sugar or sugar-free ice cream, which will aid the industry's growth during the projected period. The demand for indulgent products such as ice cream and frozen desserts have been consistent, optimistic future expectations. Ice cream consumption is on the rise, particularly among young individuals looking for a refreshing treat.
Ice cream demand is expected to expand throughout the forecast period due to an increase in population, as ice cream is served as a dessert or sweet dish in families and during social events or celebrations. Also, due to the increased availability of dairy-free and vegan ice cream, vendors have launched items aimed towards consumers who follow vegan or dairy-free diets. In the global ice cream market, famous ice cream brands such as Ben & Jerry's and Breyer's offer almond, soy, or coconut ice cream flavors. Additionally, with rising demand for healthy foods, the ice cream market is predicted to expand rapidly during the forecast period. Furthermore, global ice cream market players are introducing appealing product packaging, new branding activities, promotional events, and marketing tactics in order to target children, who comprise the majority of end-users, and hence supporting the worldwide ice cream market's growth.
Furthermore, the consumer preferences are inclining towards sustainability; therefore, global ice cream market players are opting for sustainable methods, which are anticipated to enhance their consumer base further.
Increasing Demand for Convenience Foods Boosting the Market Growth
Consumer spending on fast food is expanding considerably. Owing to busy lifestyles, time constraints, and other factors, the demand for convenience food is increasing significantly. These items are ready to consume, which is a major reason for their growing popularity. Snack trends are shifting as well, with consumers increasingly looking for snacks that are not only convenient but also combine other purposes such as high protein and better eating. Such factors are intended to help the ice cream sector even more.
Growing Premiumization of Ice Cream Aiding the Market Growth
Premium ice creams have become a popular product among health-conscious consumers due to the presence of high-quality ingredients and less aeration than standard ice creams. Consumers are shifting their preferences due to the additional health benefits provided by these products, such as calcium, thiamine, niacin, riboflavin, folate, and vitamins such as A, C, D, E, K, B-6, and so on, which aid in bone strength, energy, lowering blood pressure, stimulating brain functions, repairing muscle tissue, and so on. Furthermore, companies are also introducing new goods with these properties. This is expected to drive the demand for ice creams across the globe during the forecast period.
Rising Health Consciousness Among Consumers Fueling the Market Growth
A growing percentage of millennials and Generation Z are becoming health-conscious and gravitating toward better dietary options. The key reason for this rising demand for ice cream is that it contains minerals such as calcium and phosphorus. Calcium is a vital mineral for the human body since it helps to maintain healthy bones and decreases the probability of kidney stones. Ice cream increases the production of thrombotonin, a pleasure hormone that aids in the reduction of stress levels in the body. Ice cream is manufactured from milk, which includes L-tryptophan, a sedative that aids in nervous system relaxation. It also helps to alleviate the symptoms of sleeplessness.
Market Segmentation
The global ice cream market is segmented based on category, product type, distribution channel, region, and competitional landscape. Based on category, the global ice cream market is further fragmented into take-home ice cream, impulse ice cream, and artisan ice cream. On the basis of product type, the market is further fragmented into brick, tub, cup, cone, stick, and others (Ice cream sandwiches and jellies). Based on distribution channel, the market is segmented into supermarkets/hypermarkets, convenience retailers, specialty retailers, online, and others (push carts, etc.) The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
Unilever PLC, Inspire Brands, Inc., Kahala Franchising, L.L.C., Lotte Corporation, Dairy Farmers of America, Inc., Gujarat Cooperative Milk Marketing Federation, International Dairy Queen Inc., Blue Bell Creameries, L.P., General Mills Inc., Nestlé SA, etc. are among the major market players in the global platform that lead the market growth of the global ice cream market.
| Attribute | Details |
| Market Size Value in 2021 | USD113.82 Billion |
| Revenue Forecast in 2027 | USD165.04 Billion |
| Growth Rate | 6.47% |
| Base Year | 2021 |
| Historical Years | 2017 – 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Category· Product Type· Distribution Channel· Region· Company |
| Regional Scope | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key Companies Profiled | Unilever PLC, Inspire Brands, Inc., Kahala Franchising, L.L.C., Lotte Corporation, Dairy Farmers of America, Inc., Gujarat Cooperative Milk Marketing Federation, International Dairy Queen Inc., Blue Bell Creameries, L.P., General Mills Inc., Nestlé SA, etc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, global ice cream market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Global Ice Cream Market, By Category
- Take-Home Ice Cream
- Impulse Ice Cream
- Artisan Ice Cream
- Global Ice Cream Market, By Product Type
- Brick
- Tub
- Cup
- Cone
- Stick
- Others
- Global Ice Cream Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience stores
- Specialty stores
- Online
- Others
- Global Ice Cream Market, By Region
- North America
- Asia-Pacific
- Europe
- South America
- Middle East & Africa
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