The latest report by IMARC Group, titled “Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the ice cream market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global ice cream market size reached USD 73.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 98.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.
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Ice Cream Market Trends:
The global market is primarily driven by the increasing consumer demand for indulgent and premium desserts. In accordance with this, rising disposable incomes allowing for more frequent purchases of high-quality ice cream products, is also propelling the market expansion. Furthermore, the growing popularity of artisanal and gourmet ice creams, offering unique flavors and ingredients, is further augmenting the market demand. Similarly, rise in the health-conscious consumers are driving demand for low-fat, low-sugar, and dairy-free options, prompting innovation in healthier alternatives, is impelling the market.
Additionally, increasing seasonal demand, especially during warmer months, is also a growth-inducing factor in the market. Moreover, growing focus on product packaging and branding to attract diverse customer segments is also playing a key role in the market growth. Likewise, the rapid introduction of functional ice creams with added nutrients or probiotics is creating lucrative opportunities in the market.
Ice Cream Market Scope and Growth Analysis:
The scope of the market is expanding as consumer preferences shift and innovation in flavors, formulations, and packaging increases. The market scope is seeing strong growth across both developed and emerging regions, driven by rising disposable incomes and the growing availability of premium and artisanal products. As per market analysis, the rise of food delivery services is making ice cream more accessible, augmenting sales through online platforms. The market scope is also diversifying with the introduction of plant-based and dairy-free options to cater to vegan and lactose-intolerant consumers.
Ongoing investments in research and development (R&D), focusing on healthier and more sustainable ingredients, are further driving growth in the market. Besides this, strategic partnerships between manufacturers and food delivery platforms are enhancing market reach, while innovations in cold chain logistics are ensuring product quality and shelf life across regions. The market’s growth trend remains positive, supported by continuous product differentiation and expanding retail distribution networks.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Unilever PLC
- Nestlé S.A.
- Inner Mongolia Yili Industrial Group
- General Mills, Inc.
Ice Cream Market Segmentation:
Our report has categorized the market based on region, flavor, category, product, and distribution channel.
Breakup by Flavor:
- Vanilla
- Chocolate
- Fruit
- Others
Chocolate accounts for the majority of the market share.
Breakup by Category:
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Impulse ice cream holds the largest share in the industry.
Breakup by Product:
- Cup
- Stick
- Cone
- Brick
- Tub
- Others
Cup represents the leading market segment.
Breakup By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Ice Cream Parlors
- Online Stores
- Others
Supermarkets/hypermarkets represents the leading market segment.
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Europe leads the market, accounting for the largest ice cream market share.
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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