Extruded Ice Cream Market
Growth Factors of Extruded Ice Cream Market
The extruded ice cream market size was valued at USD 8.59 billion in 2022, and the market is now projected to grow from USD 9.12 billion in 2023 to USD 15.01 billion by 2030, exhibiting a CAGR of 7.37% during the forecast period of 2023-2030.
The ice cream industry faced setbacks during the initial wave of the COVID-19 pandemic due to lockdowns that disrupted manufacturing, distribution, and sales. Movement restrictions led to shortages of raw materials and skilled labor, further hampering logistics. As a result, the export of raw materials and finished products declined, limiting the availability of imported ice cream products.
Drastic weather changes due to global warming, such as longer summers and heatwaves, have significantly influenced consumer behavior, driving demand for cold products like ice cream. Warmer temperatures prompt consumers to seek frozen items to stay cool and energized. This trend is expected to boost the demand for novel ice cream products, such as extruded ice cream, soon.
Young consumers are increasingly conscious of their daily calorie intake, prompting them to focus on the calorie content of indulgent foods like extruded ice cream. To cater to this demand, manufacturers are introducing low-calorie, sugar-free, and fat-free options. For example, in 2023, Swedish ice cream company N! C.K. launched novelty ice cream bars with low-calorie and low-fat content, targeting health-conscious consumers.
Comprehensive Analysis of Extruded Ice Cream Market
The extruded ice cream market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by product type analysis, by flavor analysis, and by distribution channel analysis. By product type analysis include stick bars, sandwiches, cones, and others. By distribution channel analysis include supermarkets/hypermarkets, ice cream parlors, online retailers, and others.
The Europe region lead the extruded ice cream market share by benefitting a market size of USD 4.15 billion in 2022 due to its long-standing tradition of ice cream consumption.
The top players have a significant responsibility in the food & beverages industry for confirming industrial prospectus growth and determining the market trends. These players include Unilever, Tillamook, Nestlé S.A., GCMMF, General Mills, Dunkin' Donuts LLC, Blue Bell Creameries, NOTO, Vadilal Group, Turkey Hill Dairy these market players provide a level-playing competitive landscape.
In January 2023, Unilever launched new ice cream flavors globally, including double gold caramel ice cream bars and Caramel duet bars, as part of its premium product lineup.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Unit Value (USD Billion)
Growth Rate CAGR of 7.37% from 2023 to 2030
Segmentation By Product Type
Stick Bars
Sandwiches
Cones
Others
By Flavor
Chocolate
Strawberry
Caramel
Mixed
Others
By Distribution Channel
Supermarkets/Hypermarkets
Ice Cream Parlor
Online Retailers
Others
By Geography
North America (By Product Type, Flavor, Distribution Channel, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
Europe (By Product Type, Flavor, Distribution Channel, and Country)
- Germany (By Product Type)
- France (By Product Type)
- U.K. (By Product Type)
- Spain (By Product Type)
- Italy (By Product Type)
- Belgium (By Product Type)
- Rest of Europe (By Product Type)
Asia Pacific (By Product Type, Flavor, Distribution Channel, and Country)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- Australia (By Product Type)
- South Korea (By Product Type)
- Rest of Asia Pacific (By Product Type)
South America (By Product Type, Flavor, Distribution Channel, and Country)
- Brazil (By Product Type)
- Argentina (By Product Type)
- Chile (By Product Type)
- Rest of South America (By Product Type)
Middle East and Africa (By Product Type, Flavor, Distribution Channel, and Country)
- South Africa (By Product Type)
- Saudi Arabia (By Product Type)
- Rest of the Middle East & Africa (By Product Type)
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