Global Ice Cream Market
Food And Beverages

What Are The 5 Takeaways From The Ice Cream Market Overview 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Ice Cream Global Market Report 2024 offers crucial insights into the ice cream market help businesses analyse and build stronger strategies.

Market Growth Trajectory: Past and Future

  • The ice cream market has witnessed substantial growth in recent years.
  • From $40.27 billion in 2023, it’s projected to reach $42.92 billion in 2024 with a CAGR of 6.6%.
  • Further growth is anticipated, hitting $54.47 billion in 2028 at a CAGR of 6.1%.

Driving Forces Behind Market Expansion

  • Brand loyalty and seasonal demand.
  • Effective marketing strategies and advertising.
  • Innovations in packaging and product formulations.
  • Health and wellness trends influencing consumer choices.
  • Expansion of distribution channels contributing to accessibility.

Anticipated Trends and Innovations

  • Embracing plant-based and alternative ingredients.
  • Catering to health-conscious consumers.
  • Premiumization and personalization of offerings.
  • Sustainable practices in production and packaging.
  • Experimentation with textures and formats.

Consumer Spending on Fast Food Fuels Market Growth

  • Fast food expenditure correlates with ice cream consumption.
  • Growing café culture among millennials contributes to increased spending.
  • Statistic from the US Bureau of Labor Statistics highlights significant rise in food away from home expenditure.

Key Players Shaping the Market Landscape

  • Nestle S.A., Unilever Group PLC, General Mills Inc., and other major players.
  • Diverse range of companies catering to various consumer preferences.
  • Strong presence of both international and regional brands.

Read The Full Ice Cream Market Report Here:

Innovations Driving Market Growth

  • Product innovations play a pivotal role.
  • Magnum’s launch of vegan ice cream highlights industry response to shifting consumer preferences.
  • Focus on quality and flavor to cater to the growing vegan market segment.

Strategic Acquisitions Strengthen Market Presence

  • Nomad Foods Ltd.’s acquisition of Fortenova Group’s frozen food division.
  • Acquisition aimed at enhancing value creation and leveraging market-leading brands.
  • Fortenova Group’s diverse range of frozen food products complements Nomad Foods’ portfolio.

Market Segmentation

  • Segmented by type, flavor, packaging, category, and distribution channels.
  • Offers diverse options to meet varied consumer preferences.
  • Reflects the dynamic nature of the ice cream market.

Regional Dynamics: Asia-Pacific Leading the Way

  • Asia-Pacific emerged as the largest region in the ice cream market in 2023.
  • Expected to maintain its lead and be the fastest-growing region.
  • Reflects the global nature of ice cream consumption patterns.

Get A Free Sample On The Global Ice Cream Market Report:

The Ice Cream Global Market Report 2024  provides a comprehensive outlook of the ice cream market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ice cream market forecast offers a thorough analysis on ice cream market size, ice cream market share, prominent players and their strategies.

The Table Of Content For The Ice Cream Market Include:

1. Ice Cream Market Executive Summary
2. Ice Cream Market Segments
3. Ice Cream Market Size And Ice Cream Market Growth Rate
4. Key Ice Cream Market Trends
5. Major Ice Cream Market Drivers
25. Key Mergers And Acquisitions In The Ice Cream Market
26. Top Ice Cream Companies
27. Ice Cream Market Opportunities And Strategies
28. Ice Cream Market, Conclusions And Recommendations
29. Appendix

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