Ice Cream Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Ice Cream Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Global Ice Cream Market size is anticipated to be valued at around US$ 108.22 billion by 2030, according to Renub Research. Ice cream is a delectable frozen dessert enjoyed worldwide for its rich, creamy texture and diverse flavors. Originating centuries ago, its recognition has only grown, with endless variations catering to every flavor conceivable. The fundamental substances—milk, cream, sugar—shape a satisfying canvas for creative additions like fruits, nuts, and chocolate. Whether served in a cone, cup or sandwiched between cookies, ice cream is a timeless treat that transcends age and lifestyle. From traditional vanilla to distinct matcha or salted caramel, its versatility guarantees there may be a flavor to fit every palate, making it a delightful indulgence that brings pleasure with every scoop.

Ice Cream Market is projected to expand at a CAGR of 5.13% between 2024 to 2030

Boasting universal appeal, ice cream ensures a constant and sizable demand. Ice cream's adaptability allows for continuous innovation, fostering product diversity that captivates purchasers. Collaborations with different food sectors amplify marketplace reach and create specific offerings. Its extended shelf life and various packaging alternatives optimize logistical performance for manufacturers and outlets. Beyond economic advantages, ice cream's emotional resonance cultivates brand loyalty, growing enduring client relationships. Ultimately, those elements collectively make ice cream a treasured contributor to the food industry's success.

Moreover, the global market for ice cream has grown significantly in recent years as people have become more interested in trying new and indulgent treats. This has led to a greater variety of options for customers. Innovation in flavors, textures, and formats has expanded attractive product offerings to various tastes. Also, the ever-increasing trend of top-rate and artisanal ice creams have multiplied the market, with clients searching for brilliant and specific studies. Emerging markets and a surge in disposable profits have similarly fueled this boom. As the enterprise embraces sustainability and health-aware choices, manufacturers adapt to ensure a dynamic and robust destiny for the worldwide ice cream market.

Besides, Asia has become an essential player in the Ice Cream Market due to rising disposable income, changing consumer preferences, and a love for indulgent desserts. The vicinity's thriving market uses localized flavors and modern products, showcasing dynamic evolution. Simultaneously, the worldwide ice cream market has a skilled, dynamic growth with various flavors and progressive distribution channels. Manufacturers' non-stop experimentation with particular taste profiles and the proliferation of flavors, from traditional to unconventional, have extended the market's appeal. Diversified distribution channels, including e-trade and specialty shops, contribute to the industry's vibrant and available panorama. Worldwide Ice Cream Market was US$ 76.26 Billion in 2023.

Tubs and bricks, or packaged containers, lead in the Ice Cream Market owing to their versatility and suitability for at-home consumption

By Products, the Ice Cream Market is divided into Sticks/Bars, Cones & Cups, Tubs & Bricks, and Others. These prominent formats cater to purchasers searching for cost for money and extended leisure, aligning with the fashion of shared experiences. Tubs additionally accommodate a wider variety of flavors and mix-ins, presenting variety in a single purchase. Their freezer-friendly storage makes them handy for households, promoting repeat purchases. Furthermore, the packaging allows effective branding and advertising techniques, enhancing product visibility on safe shelves. The popularity of tubs and bricks reflects a client's preference for flexibility, diverse options, and the benefit of enjoying ice cream at their tempo.

Dairy-based category holds the largest share of the Ice Cream Market

By Category, the Ice Cream Market is fragmented into Dairy Based and Non-Dairy Based. The traditional appeal, rich and creamy texture, and substantial familiarity of ice cream to customers globally may be attributed to the dominance of the dairy-based category in the worldwide ice cream market. Dairy ice creams, generally made with milk and cream, provide a comforting and extravagant experience that resonates with a broad target market. Also, the versatile nature of dairy ingredients permits a vast range of flavor profiles and innovations, attracting clients searching for traditional and novel alternatives. Despite the rise of non-dairy options, conventional dairy ice cream's inherent recognition and sensory satisfaction maintain their stronghold, making them a preferred desire for plenty of customers globally.

Impulse ice cream dominates the global market due to its convenience and immediate consumption appeal

By Type, the Ice-Cream Market is categorized into Impulse, Take-home, and Artisanal. Positioned strategically in retail areas, these single-serve treats capitalize on customers' spontaneous cravings, prompting impulse purchases. The grab-and-go nature of impulse ice creams aligns with contemporary, fast-paced life, making them popular amongst on-the-go consumers. Also, the impulse class often functions in quite a few flavors and novelty items, enhancing its beauty. The strategic placement close to checkout counters and in excessive-traffic areas further boosts income, contributing to the overall prominence of impulse-type ice creams in the international market.

Vanilla ice cream's popularity is due to its timeless and universally loved flavor

By Flavor, the worldwide ice cream market incorporates Chocolate, Vanilla, Fruit, and Others. Serving as a bendy base, vanilla enhances various toppings and blend-ins, making it a canvas for personalisation. Its subtle sweetness appeals to a wide consumer base and people with numerous taste options. Moreover, vanilla serves as a complementary flavor in countless dessert combos. With its familiarity and great recognition, vanilla transcends cultural obstacles, making it a secure desire for manufacturers searching for huge market reputation. The enduring attraction of vanilla within the ice cream marketplace presentations it’s potential to face a conventional, comforting choice for consumers across the globe.

Specialty shops have asserted dominance within the Ice Cream Market because of their precise and immersive consumer experience

By Distribution Channel, the worldwide ice cream market consists of Supermarkets and hypermarkets, Convenience Stores, Specialty Stores, and Online Sales Channels. The specialty expertise establishments provide a curated choice of brilliant, artisanal ice creams, often with specific flavors and top-class elements, catering to discerning buyers seeking an additional indulgent and personalized treat. The environment and expertly crafted offerings create a memorable and a fun ecosystem, enhancing consumer loyalty. Also, specialty stores regularly embody creativity and experimentation, introducing innovative flavors and serving patterns that set them apart from industrially produced alternatives. This emphasis on excellent range and a greater appropriate purchaser establish specialty stores as a dominant pressure inside the evolving ice cream market.

Ice cream market in the United States continues to be a lucrative opportunity for growth

By Country, the Ice Cream Market is broken up into United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, and UAE. The US ice cream market is surging with a focus on higher-quality services like gelato, sorbet, and dairy-free options. Driven by busy lifestyles, grab-and-go options in single-serve cups, tubs, and bars dominate comfort shops and supermarkets. Experiential eats draw crowds to ice cream parlors known for custom toppings and Instagram-worth settings. A virtual revolution is reshaping consumption, with food transport apps facilitating clean access. Sustainability gains momentum as eco-conscious consumers prefer brands adopting sustainable packaging, nearby sourcing, and decreased environmental effects. This dynamic landscape reflects converting consumer possibilities and the enterprise's responsiveness to convenience, experience, and environmental worries.

Key Players

Meiji CO. Ltd, General Mills Inc, Yili Group, Unilever Group, Mondelez International, Nestle S.A., Bright Dairy & Food Co. Ltd, Danone S.A. are prominent in the Ice Cream Market.

Renub Research report titled “Global Ice Cream Market By Products (Sticks/Bars, Cones & Cups, Tubs & Bricks, and Others), Category (Dairy Based, and Non-Dairy Based), Type (Impulse, Take home, and Artisanal), Flavor (Chocolate, Vanilla, Fruit, and Others), Distribution Channel (Supermarkets and hypermarkets, Convenience Stores, Specialty Stores, and Online Sales Channel), Country (United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, and UAE), Company Analysis (Meiji CO. Ltd, General Mills Inc, Yili Group, Unilever Group, Mondelez International, Nestle S.A., Bright Dairy & Food Co. Ltd, Danone S.A.)” provides a complete study of Global Ice Cream Industry.

Products – Market breakup in 4 viewpoints:

1. Sticks/Bars
2. Cones & Cups
3. Tubs & Bricks
4. Others

Category – Market breakup in 2 viewpoints:

1. Dairy Based
2. Non-Dairy Based

Type – Market breakup in 3 viewpoints:

1. Impulse
2. Take home
3. Artisanal

Flavor – Market breakup in 4 viewpoints:

1. Chocolate
2. Vanilla
3. Fruit
4. Others

Distribution Channel – Market breakup in 4 viewpoints:

1. Supermarkets and hypermarkets
2. Convenience Stores
3. Specialty Stores
4. Online Sales Channel

Countries – Market breakup in 25 Country Ice Cream Industry viewpoints:

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue Analysis

Company Analysis:

1. Meiji CO. Ltd
2. General Mills Inc.
3. Yili Group
4. Unilever Group
5. Mondelez International
6. Nestle S.A.
7. Bright Dairy & Food Co. Ltd
8. Danone S.A.