Ice cream Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ice Cream Market
The Ice Cream market size was valued at USD 76.11 billion in 2023, and the market is now projected to grow from USD 79.08 billion in 2024 to USD 132.32 billion by 2032, exhibiting a CAGR of 6.65% during the forecast period of 2024-2032.
The worldwide industry is rotting due to the novel coronavirus. Labor deficiencies and calculated confinements have ended up best concerns for producers. Numerous makers had to end or halt their production, especially Small & Medium-sized Enterprises (SME). A few companies focused on receiving and making the best of the changing market elements within the wake of COVID-19.
As of now, the rising demand from clients for more advantageous and useful nourishment has driven to the generation of ice-cream containing special fixings with recognized dietary and physiological properties such as probiotics, and common antioxidants. A premium product is usually made from extravagance, uncommon, and costly fixings utilizing an inventive production strategy.
Healthy product options, such as braced, low-fat, and numerous others, are effectively accessible within the advertise as the creating companies have received appropriate branding methods. These companies are reaching out to shoppers with nearby dispersion choices such as lodgings, eateries, and shopping centers. The simple accessibility of the item coupled with the rising use on such quick nourishments is expected to drive the worldwide market.
Comprehensive Analysis Of Ice Cream Market
On the premise of type, the market is categorized into impulse and take home. The impulse portion held a prevailing ice cream market share in 2021. The rising popularity of helpful item bundling among clients is anticipated to back the relentless development of the fragment. A few of the foremost well known flavors of ice cream expended universally are vanilla, chocolate, Cookies 'n Cream, strawberry, chocolate chip and others. Vanilla is the foremost favored flavor among clients over the globe, followed by chocolate. Container is known as the foremost prevalent sort of item serving because it may be a flawless, clean, and easy-to-store choice. Thus, it is the foremost helpful way of serving. The larger part of the buyers leans toward glasses due to convenience. The diligent increase in portable appropriation and broadband entrance, particularly in rising economies, has helped boost online deals. Requesting online for domestic conveyance is the ordinarily favored adaptable buying alternative over the globe.
The expanding ubiquity of quick nourishment, rising expendable wage, quick urbanization, and the affect of western cooking and culture have backed the utilization of the product in Asia Pacific. Directly, the Asia Pacific market holds the major share and is anticipated to develop at an expanding valuation of 24.98 Billion USD amid the estimate period.
The worldwide advertise is decently solidified with the nearness of a few noticeable worldwide players. These players recorded as:
Nestle S.A. (Switzerland), Unilever Group (U.K.), General Mills (U.S.), Amul (India), Dunkin Brands (U.S.), Blue Bell Creameries (U.S.), Dairy Queen (U.S.), Dairy Farmers of America, Inc. (U.S.), Cold Stone Creamery (U.S.), CAMAL Ltd Company (Azerbaijan).
In July 2023 the company Unilever partnered with driving exactness aging innovator Perfect Day to dispatch Breyers Lactose-Free Chocolate, which is composed of Perfect Day's dairy protein from maturation in the U.S.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.65% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Impulse
Take Home
By Flavor
Vanilla
Chocolate
Fruit
Others
By Packaging
Cup
Cone
Stick
Brick
Tub
Others
By Distribution Channel
Hypermarket/Supermarket
Ice cream Parlor
Online Retailer
Others
North America (By Type, Flavor, Packaging, Distribution Channel, and Country)
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
Europe (By Type, Flavor, Packaging, Distribution Channel, and Country)
- Germany (By Type)
- France (By Type)
- U.K. (By Type)
- Italy (By Type)
- Spain (By Type)
- Netherlands (By Type)
- Rest of Europe (By Type)
Asia Pacific (By Type, Flavor, Packaging, Distribution Channel, and Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Australia (By Type)
- New Zealand (By Type)
- Rest of Asia Pacific (By Type)
South America (By Type, Flavor, Packaging, Distribution Channel, and Country)
- Brazil (By Type)
- Chile (By Type)
- Argentina (By Type)
- Rest of South America (By Type)
Middle East & Africa (By Type, Flavor, Packaging, Distribution Channel, and Country)
- UAE (By Type)
- South Africa (By Type)
- Rest of MEA (By Type)
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