The latest report by IMARC Group, titled “Ice Cream Market Report by Flavor (Vanilla, Chocolate, Fruit, and Others), Category (Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream), Product (Cup, Stick, Cone, Brick, Tub, and Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Ice Cream Parlors, Online Stores, and Others), and Region 2025-2033”, offers a comprehensive analysis of the ice cream market analysis. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Ice Cream Market?
The global ice cream market size reached USD 78.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 102.4 Billion by 2033, exhibiting a growth rate (CAGR) of 2.95% during 2025-2033.
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Global Ice Cream Market Dynamics:
Rising Demand for Premium and Artisanal Ice Cream:
The market for ice cream is moving towards premium and artisanal categories due to shifting consumer preferences towards high quality ice cream. The market is flooded with exclusive brands with distinctive flavors, as well as organic or clean label products which has led to the development of hand-crafted and gourmet brands. This is evident in the more developed North American and European regions with more per-capita income and people are willing to shell out more for better flavor and quality.
Furthermore, the rise of food and the rise of social media marketing has increased the need for innovative and fresh designs for ice cream. To satisfy the demands of a discerning customer manufacturers have begun offering new flavors, based on plants, Ice creams as well as limited-edition items. Therefore, the premium segment is expected to generate significant revenue growth over the coming years, and will alter the dynamics of competition in the ice cream market.
Growth of Plant-Based and Lactose-Free Ice Cream:
There is a rise in demand for lactose-free, plant-based Ice cream in the world market, as well as the rise in health issues associated with veganism as well as lactose intolerance. Today, more people than ever are choosing the plant-based diet to meet reasons of environmental or ethical health reasons. Due to this, companies are making use of almond, oat coconut, coconut, and soy milk to make dairy-free, creamy ice cream substitutes.
The trend is now established across all age groups, however it is particularly popular with Gen Z and millennials because of their concern for health and the environmental impact. Additionally food technology has enhanced the flavor and texture of ice cream that is made from plants and has made its appeal to the masses. This segment is now ready for rapid growth and offers excellent opportunities for new players and established brands in the global market for ice cream.
Expansion in Emerging Markets:
These regions of Asia Pacific, Latin America, and Africa have become new areas of growth within the global ice-cream market due to their rising disposable incomes, urbanization and changing lifestyles. The rising spending power that the middle classes of India, China, Brazil as well as South Africa is resulting in an increase in the consumption of ice-cream as well as other processed and impulsive food items.
Additionally, the rise of new retail formats such as convenience stores, supermarkets, and the rise of online commerce also provided new opportunities for the market of Ice cream. Local and foreign businesses respond to the growing market by offering products that are affordable and specifically designed to meet the needs and tastes of the area. Other factors, like the changing seasons and the high temperatures in these areas also boost the demand for ice cream significantly which is essential to the growth of the international ice-cream market.
Top Ice Cream Market Leaders:
The ice cream market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Unilever PLC
- Nestlé S.A.
- Inner Mongolia Yili Industrial Group
- General Mills, Inc.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/ice-cream-market
Global Ice Cream Market Trends:
The rising standard of living and the changes in the eating habits of people all over the world have made Ice cream one of most sought-after foods for people of all different ages. These two elements are the ones that have been identified as a major driver for the global market for ice cream. The latest technological advancements in the production process have increased the demand for Ice creams that are special and will continue to boost this market. This industry is supported by the technological foundations of the two other sectors, i.e. Food Processing and Packaging. The influencer marketing on social media is now so commonplace that even ice cream makers are hopping on board.
The consumption of Probiotics and superfoods is expected to rise because of the recent consumer trends and the brand’s offerings of supplements, such as concentrated vitamins or vitamins that are incorporated into ice cream are being introduced to the market. The increasing market competition between brands will lead to more efficient marketing strategies. It is anticipated that within a couple of years, the US as well as Europe will surpass other countries. The major change over the coming years is the increasing popularity of stores that are not physically located and an increase in per capita income that will result in greater sales.
Global Ice Cream Industry Segmentation:
Breakup by Flavor:
- Vanilla
- Chocolate
- Fruit
- Others
Breakup by Category:
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Breakup by Product:
- Cup
- Stick
- Cone
- Brick
- Tub
- Others
Breakup By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Ice Cream Parlors
- Online Stores
- Others
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
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