Global Ice Cream Parlor Market Size study & Forecast, by Type (Branded/Franchise, Independent), by Product (Traditional Ice Cream, Artisanal Ice Cream), and Regional Analysis, 2023-2030
Global Ice Cream Parlor Market is valued at approximately USD 11.55 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2023-2030. Ice Cream is a frozen dessert, where consumers consume it as a sweet dish. Ice creams are made of milk and cream with additional Flavors such as butter scotch, chocolate, blueberry and more. The Ice Cream Parlor Market is expanding because of factors such as the introduction of new flavors and innovative packaging styles coupled with increase in population of frozen dessert. However, the change in prices of raw material used for production of ice creams and increase in players of Ice cream parlor market tends to hinder the market growth.
The rise in the shift of frozen desserts drives the Ice Cream Parlor market. As, according to Statista 2022 frozen dessert market tends to be 102.9 billion in 2026. Moreover, according to International dairy food association it is estimated that the global ice cream market will reach USD 104.96 billion in 2029, up from USD 71.52 billion in 2021 a 46% rise due to the global population craving for ice cream. Furthermore, introduction of new and exciting flavors in ice cream market has led to increase in population preferring to consume more ice creams. As, in 2022, Baskin Robbin introduced Gulab jamun ice cream a combination of Indian dessert with ice cream. The availability of ice cream on online platforms is further acting as an opportunity for this market to grow as online platform provides the product with ease and convenience
The key regions considered for the Global Ice Cream Parlor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 rise in popularity ice creams and ice cream consumption in this region is more in young population. As, according to united nation Over 60% of the world’s youth live in Asia-Pacific. So, more consumption of ice cream by young population leads to growth in this market. North America is expected to grow significantly over the forecast period, owing to factors such as Increase in population preferring healthy food and desserts as according to Food Insights in May 2021, 60% of the population preferred healthy alternatives for popular food products, such as desserts, confectionery, and ice creams. With introduction of ice creams healthy and vegan ice creams there is growth in population consuming healthy ice creams. As, in January 2022, Cold Stone Creamery launched its first vegan ice cream with almond milk. This introduction of vegan ice creams gave an option to vegan population living in this region to consume ice cream.
Major market player included in this report are:
Baskin-Robbins
Nestlé SA
Unilever PLC
Cream Stone Concept
Natural Ice Creams
Cold Stone Creamery (Kahala Franchising, LLC.).
Ben & Jerry's Homemade, Inc.
Amorino
General Mills Inc.
Wells Enterprises Inc.
Recent Developments in the Market:
In June 2023, Ben & Jerry's Homemade, Inc. partnered with The Entrepreneurial Refugee Network (TERN) to develop a new flavor Sunny Honey Home, it is made to increase funds and sales. Every, additional flavor in ice creams leads to increase in consumer excited for consuming new flavor this introduction of new flavor led to increase in consumers trying to consume this ice cream.
In July 2022, Amorino launched 3 new organic artisanal sorbets: tangerine acerola, blueberry açai and blood orange ginger as its summer Flavors this introduction of new flavours tends to increase the sales of Amorino.
Global Ice Cream Parlor Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Product, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Branded/Franchise
Independent
By Product:
Traditional Ice Cream
Artisanal Ice Cream
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
Baskin-Robbins
Nestlé SA
Unilever PLC
Cream Stone Concept
Natural Ice Creams
Cold Stone Creamery (Kahala Franchising, LLC.).
Ben & Jerry's Homemade, Inc.
Amorino
General Mills Inc.
Wells Enterprises Inc.
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