Insights Into The Ice Cream Market’s Growth Opportunities Through 2023-2032 – Includes Ice Cream Market Share
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Consumer spending on fast food is likely to stimulate innovation in ice cream manufacture, propelling the market throughout the forecast period.
The global ice cream market is expected to grow from $119.34 billion in 2022 to $131.60 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The global ice cream market size is expected to reach $186.82 billion in 2027 at a CAGR of 9.2%.
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Global Ice Cream Market Segments Include:
- By Type: Impulse Ice Cream, Take-home Ice Cream, Artisanal Ice Cream
- By Flavor: Vanilla, Chocolate, Fruit, Other Flavors
- By Packaging: Cup, Cone, Stick, Brick, Tub, Other Packaging
- By Category: Dairy, Non-dairy
- By Distribution Channels: Hypermarket Or Supermarket, Ice cream Parlor, Online Retailer, Other Distribution Channels
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global ice cream market in 2021.
Major Market Players in the ice cream market include Nestle S.A., Unilever Group Plc., General Mills Inc., Blue Bell Creameries LP, Cold Stone Creamery Inc., American Dairy Queen Corporation, Danone S.A., Lotte Confectionery Co.Ltd., Inspire Brands Inc.
Product innovations are a prevalent trend in the ice cream market. Major ice cream firms are focusing on generating unique products in order to strengthen their market position. For example, Magnum, a Danish-based Belgian ice cream brand, launched a mini-sized multi-pack of vegan ice creams in January 2022, along with a new and improved recipe for its vegan line of ice cream, which is available in two popular vegan flavours: magnum vegan classic and magnum vegan almond. The new range has all of the richness and delight of a vegan magnum, the quality and flavour of which has earned it the PETA Vegan food award.
The Ice Cream Global Market Report 2023 provides a ice cream market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ice cream market forecast analyzes ice cream market size, ice cream market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Ice cream is a frozen treat prepared from milk, cream, sugar, and occasionally other ingredients. It frequently includes stabilisers such as gluten, which aids in the consistency of the mixture, as well as sugar or sugar substitutes, which are typically added to provide the sweet flavour.
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