Ice Cream Market By Product Type (Impulse Ice Cream, Take Home Ice Cream, Artisanal Ice Cream), By Flavor (Vanilla, Chocolate, Fruit, Others), By Distribution Channel (Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Sales Channel): Global Opportunity Analysis and Industry Forecast, 2020-2031
The global ice cream market was valued at $68,052.20 million in 2020, and is projected to reach $122,051.10 million by 2031, growing at a CAGR of 5% from 2022 to 2031. Ice cream is a frozen food product, which is made up of dairy items such as milk and cream combined with dry fruits, flavors, and other ingredients. Traditional flavors of ice creams include chocolate, vanilla, and others. However, companies are including other exotic flavors such as tropical fruits, lemons, and coconuts to cater to changing taste of consumers. In addition, for health-conscious customers prefer a low-calorie and low-fat ice cream called Skinny Cow.
Rise in disposable income is the major key factor driving the market. In addition, growth in demand for new variations of ice creams fuels the market growth. Moreover, increase in consumption of take-home ice cream products boosts the growth of the global ice cream market. However, ice cream being a seasonal product is a major restraint for the market. In addition, health concerns associated with ice cream products impede the market growth. Moreover, the market for ice cream products is highly consolidated, thereby restraining its growth. Rise in demand for innovative products and development of lactose-free ice cream provide growth opportunities for market expansion.
The global ice cream industry is segmented on the basis of product type, flavor, distribution channel, and region. On the basis of product type, the ice cream market is categorized into impulse ice cream, take-home ice cream, and artisanal ice cream. On the basis of flavor, the market is segmented into vanilla, chocolate, fruit, and others. On the basis of distribution channel, it is categorized into supermarkets and hypermarkets, convenience stores, specialty stores, and online sales channel. On the basis of region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Finland, Sweden, Ireland, Denmark, Italy, UK, and the Rest of Europe), Asia-Pacific (New Zealand, Australia, and the Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, and the Rest of LAMEA).
The key players profiled in the ice cream market report include Unilever Group Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries, Lotte Confectionery, Wells Dairy Inc., Turkey Hill, Mihan Dairy Inc., and Meiji Holdings Co. Ltd. The other key market players (not profiled in this report) in the value chain include United Kaipara Dairies Company, Pure Ice Cream Company, International Foodstuffs Co., Baskin-Robbins, Cold Stone Creamery, and International Dairy Queen, Inc.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current ice cream market trends, estimations, and dynamics from 2022 to 2031 to assist to identify the prevailing ice cream market opportunities.
Major countries in each region are mapped according to the individual market revenue.
The region-wise and country-wise market conditions are comprehensively analyzed.
This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
An in-depth analysis of each segment of the market is provided to assist the prevailing market opportunities.
Key Market Segments
By Product Type
Impulse Ice Cream
Take Home Ice Cream
Artisanal Ice Cream
By Flavor
Vanilla
Chocolate
Fruit
Others
By Distribution Channel
Supermarkets And Hypermarkets
Convenience Stores
Specialty Stores
Online Sales Channel
By Region
North America
U.S.
Canada
Mexico
Europe
Finland
Sweden
Ireland
Denmark
Italy
U.K.
Rest of Europe
Asia-Pacific
New Zealand
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
UAE
Rest of LAMEA
Key Market Players
Unilever Group
Nestle S.A.
General Mills, Inc.
Mars
Blue Bell Creameries
Lotte Confectionery
Wells Dairy Inc.
Turkey Hill
Mihan Dairy Inc.
Meiji Holdings Co. Ltd
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