Global Ice Cream Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream), By Product Type (Hard Ice Cream, Soft Ice Cream, French Ice Cream, Non-Dairy Ice Cream, Homemade Ice Cream), By Distribution Channel (Online, Offline), And By Geography- Forecasts From 2020 To 2025

Published:  Jun 2022 Report Code: KSI061613806 Pages: 120

The global ice cream market is projected to increase at a CAGR of 6.48% from a market value of US$58.814 billion in 2020 to achieve a market value of US$ 91.269 billion by 2027. 

The market is predicted to grow steadily during the forecast period due to the increasing urbanization and changing lifestyles of individuals worldwide. Ice-creams are mostly dairy products and, with time, are evolving along with the changing needs of consumers at the international level. Hence, manufacturers are working on innovation and are coming up with exotic flavors to satiate the needs of the consumers and expand their product portfolio. There are plenty of varieties of ice creams that include soft ice cream, French ice cream, fruit ice creams, and non-dairy ice cream, apart from the classic hard ice cream. The growing health awareness among individuals further augments the market demand for low-calorie ice creams containing low-fat and low-sugar.

Furthermore, with the growing disposable income and increasing family income, especially in the world's developing economies, the market is projected to hold strong growth prospects over the next five years. The growing fast-food chain in the world is further augmenting the market demand for ice creams during the forecast period. Moreover, with the increasing purchasing power of consumers and greater discretionary spending due to the growing health awareness, consumers are open to trying new ice cream variants and paying for products that meet their expectations.

Geographically, North America and Europe are predicted to hold a significant market share in the global ice cream market during the forecast period. According to the International Dairy Foods Association, America’s top ice cream flavors include vanilla, chocolate, cookies N’ cream, mint chocolate chip, chip cookie dough, buttered pecan, strawberry, moose tracks, and Neapolitan. 

The region’s favorite products include sandwiches, mini cups, cones, and bars. As per the association, the retailers claim that premium ice creams are the most consumed products. At the same time, ice cream makers say that regular ice creams sold in many stores are popular. Pecan is the most favored nut flavoring, and strawberry is the most preferred fruit in ice cream. Candy and chocolate inclusions are quite popular confections, and waffle cones and sugar cones are in high demand as ice cream containers. Talking about production, most ice creams are manufactured from March to July. July is the busiest month for maximum production for ice cream manufacturers. It is estimated that in 2017, around 1.4 billion gallons of ice cream and frozen desserts were produced in the United States. The ice cream industry is a billion-dollar industry in the country and employs around 26,000 people, along with around USD1.6 billion in direct wages. Most of the ice cream manufacturers in the region have been in this business for more than 50 years. Many of them are family-owned businesses. Based on consumption, over 23 pounds of ice cream is consumed annually by an American. Regular ice creams are the most popular variety consumed.

On the other hand, the Asia Pacific region is estimated to grow significantly with the rising consumer inclination towards healthy and premium ice cream varieties. The growing retail industry further fuels market growth in the forecast period.  

Covid-19 Insight

Ice cream hasn't been considered mandatory. As a result, there was no ice cream production or supply during the lockdowns. Due to pandemic Ice cream market has seen severe meltdown. Apart from lockdown limitations, experts stated that ice cream sales were harmed by the fear or misapprehension that eating ice cream makes one vulnerable to COVID because it can cause a cold.

The ice cream business has borne the brunt of two factors: COVID and shutdown." Disruptions in supply chain have influenced ice cream sales, and many individuals are avoiding ice cream because they believe it can cause colds and infection with the deadly Coronavirus. The plunge in intake is primarily due to respond to conventional movement restriction standards, which has resulted in the closure of sales outlets, vending carts, and other businesses, and thus the fall in consumption.

The growing fast-food restaurants are set to drive market growth in the forecast period.

Fast-food restaurants, also known as quick-service restaurants, are expected to grow significantly during the forecast period. This is mainly attributed to the growing urbanization, changing consumer dietary patterns, and an increasing number of nuclear families. The quick-service industry has spearheaded the restaurant trends and is expanding in small cities in countries like India. These are found in different styles and formats, including dine-in, in-mall outlets, and drive-thrus. Hence, with the growing busy lifestyle of consumers, especially for the world's working population, the market holds significant growth prospects during the forecast period. The availability of impulse ice cream varieties specifically manufactured to fulfill the demand for consumers on the go is driving the market growth in fast-food chains during the forecast period. These ice creams are for immediate consumption and are sold in individual packets, on a stick, in cups, cones, and are available as sandwich ice creams. Additionally, these ice creams are either water-based or contain all dairy.

The presence of companies offering technology-driven natural ingredients, ingredient systems, and solutions for food and beverage products further provides an opportunity to strengthen the market growth in the forecast period.

For example, Döhler, an international producer, marketer, and provider of natural ingredients and integrated solutions for ice cream products, offers robust opportunities for the market to flourish over the next five years. The company offers natural ingredients and ingredient systems capable of turning ice cream into an extraordinary, multi-sensory experience. Key offerings include natural flavors, these range from fruity flavors and brown flavors like chocolate and coffee flavors to trendy flavors like the cocktail, Tea, or vegetable flavor. For fruit & vegetable ingredients, the company’s portfolio contains NFC juices, purees and puree concentrates, juice concentrates, special concentrates, fruit sweeteners, fruit ingredients, vegetable ingredients, and multi-blends. Natural colors, health & nutrition ingredients, dairy ingredients, and ingredient systems are also offered to make exotic ice creams. 

Recent Developments

March 2022, Unilever Launching paper tubs for  Carte D’Or ice cream. The change will result in the brand using 93 percent less plastic per pack  and saving over 900 tonnes of virgin plastic in the UK each year.

January 2021, Unilever's Responsibly Made for Kids product line contains 66 calories per stick. Twister Peek-A-Blue ice lollies integrate melon, strawberry-lemon, and apple-blueberry flavors for a fruity twist of flavors.

Global Ice Cream Market Scope:

Report Metric Details
 Market size value in 2019  US$63.779 billion
 Market size value in 2025  US$81.966 billion
 Growth Rate  CAGR of 4.27% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Product Type, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Ben & Jerry's Homemade, Inc., Jeni's Splendid Ice Creams, LLC., Tea-rrific! Ice   Cream, LLC, Velvet Ice Cream, Froneri International Limited, Umesh Modi Group,   Iceco Ledai, Dreyer’s Grand Ice Cream, Inc.
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • Impulse Ice Cream
    • Take-Home Ice Cream
    • Artisanal Ice Cream
  • By Product Type
    • Hard Ice Cream
    • Soft Ice Cream
    • French Ice Cream
    • Non-Dairy Ice Cream
    • Homemade Ice Cream
  • By Distribution Channel
    • Online
    • Offline
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • France
      • Germany
      • Italy
      • Spain
      • United Kingdom
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global ice cream market?
A1. The ice cream market was valued at US$63.779 billion in the year 2019.

Q2. What will be the ice cream market size by 2025?
A2. The ice cream market is projected to reach a market size of US$81.966 billion by the end of 2025.

Q3. What are the growth prospects for the global ice cream market?
A3. The global ice cream marketplace is projected to increase at a CAGR of 4.27% over the forecast period.

Q4. What factors are anticipated to drive the ice cream market growth?
A4. The growing fast-food chain in the world is further augmenting the market demand for ice creams during the forecast period. 

Q5. Which region holds the largest market share in the ice cream market?
A5. Geographically, North America and Europe are predicted to hold a significant market share in the global ice cream market during the forecast period.

1. Introduction
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis

5. Global Ice Cream Market Analysis, by Type
5.1. Introduction
5.2. Impulse Ice Cream
5.3. Take-Home Ice Cream
5.4. Artisanal Ice Cream

6. Global Ice Cream Market Analysis, by Product Type
6.1. Introduction
6.2. Hard Ice Cream
6.3. Soft Ice Cream
6.4. French Ice Cream
6.5. Non-Dairy Ice Cream
6.6. Homemade Ice Cream

7. Global Ice Cream Market Analysis, by Distribution Channel
7.1. Introduction
7.2. Online
7.3. Offline

8. Global Ice Cream Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. North America Ice Cream Market, By Type, 2020 to 2027
8.2.2. North America Ice Cream Market, By Product Type, 2020 to 2027
8.2.3. North America Ice Cream Market, By Distribution Channel, 2020 to 2027
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America Ice Cream Market, By Type, 2020 to 2027
8.3.2. South America Ice Cream Market, By Product Type, 2020 to 2027
8.3.3. South America Ice Cream Market, By Distribution Channel, 2020 to 2027
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. Europe Ice Cream Market, By Type, 2020 to 2027
8.4.2. Europe Ice Cream Market, By Product Type, 2020 to 2027
8.4.3. Europe Ice Cream Market, By Distribution Channel, 2020 to 2027
8.4.4. By Country
8.4.4.1. France
8.4.4.2. Germany
8.4.4.3. Italy
8.4.4.4. Spain
8.4.4.5. United Kingdom
8.4.4.6. Others 
8.5. Middle East and Africa
8.5.1. Middle East and Africa Ice Cream Market, By Type, 2020 to 2027
8.5.2. Middle East and Africa Ice Cream Market, By Product Type, 2020 to 2027
8.5.3. Middle East and Africa Ice Cream Market, By Distribution Channel, 2020 to 2027
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. Israel
8.5.4.3. UAE
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. Asia Pacific Ice Cream Market, By Type, 2020 to 2027
8.6.2. Asia Pacific Ice Cream Market, By Product Type, 2020 to 2027
8.6.3. Asia Pacific Ice Cream Market, By Distribution Channel, 2020 to 2027
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Indonesia
8.6.4.6. Thailand
8.6.4.7. Taiwan
8.6.4.8. Others

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. Company Profiles 
10.1. Ben & Jerry's Homemade, Inc.
10.2. Nestle
10.3. Jeni's Splendid Ice Creams, LLC.
10.4. ABC Holdings
10.5. Velvet Ice Cream
10.6. Froneri International Limited
10.7. Umesh Modi Group
10.8. Iceco Ledai
10.9. Dreyer’s Grand Ice Cream, Inc.

Ben & Jerry's Homemade, Inc.

Nestle

Jeni's Splendid Ice Creams, LLC.

ABC Holdings

Velvet Ice Cream

Froneri International Limited

Umesh Modi Group

Iceco Ledai

Dreyer’s Grand Ice Cream, Inc.

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