According to the latest report by IMARC Group, titled “Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global ice cream Industry size reached US$ 70.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.14% during 2023-2028.
Ice cream is a milk-based frozen dessert that is a rich source of calcium, folate, thiamine, niacin, phosphorus, riboflavin, and vitamins A, C, D, E, K, B-6 and B-12. It commonly involves the use of cream, sugar, sweeteners, food colorings, butterfat, eggs, fruits, and artificial or natural flavorings in its preparation. Having a smooth and creamy texture, it is widely available in numerous flavors, including vanilla, chocolate, strawberry, butterscotch and chocolate chip and can be stored in a refrigerator over an extended period of time.
Global Ice Cream Market Trends:
The global market is majorly driven by the increasing uptake of convenience foods, including ice creams, by the masses. This is supported by rapid urbanization, the inflating disposable income levels of individuals and their shifting dietary preferences. There has also been a rise in the preference for online food delivery services across the globe, which has facilitated the sales of desserts and beverages, such as cakes, waffles, milkshakes, sundaes, cold coffee and floats, wherein ice creams are used as an essential ingredient in the preparation. The market is further driven by the introduction of numerous innovative flavors, such as mint chocolate, coffee, cheesecake and tiramisu, that are expected to cater to the diverse taste preferences of the customers.
Moreover, several key players have launched healthy low-fat and sugar-free variants in the market. They are also introducing lactose-free ice creams, which are gaining widespread preference among the vegan and lactose-intolerant consumers. In line with this, there has been a considerable rise in the demand for ice creams with natural and organic ingredients, which is also creating a positive outlook for the market. Some of the other factors contributing to the market growth include significant growth in the dairy industry and the escalating preference for premium ice creams among the masses.
Competitive Landscape With Key Players :
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry:
Some of the ice cream manufacturers are:
- Inner Mongolia Yili Industrial Group
- General Mills
Key Market Segmentation:
Our report has categorized the market based on flavor, category, product and distribution channel.
Currently, chocolate is mostly preferred by consumers as it is used in the preparation of several other desserts.
Amongst the categories mentioned above, impulse ice cream is expected to maintain its dominant position during the forecast period.
At present, the majority of consumers prefer purchasing ice cream cups.
- Convenience Stores
- Ice Cream Parlors
- Online Stores
Supermarkets and hypermarkets represent the most popular distribution channel as they offer a wide collection of brands and flavors to the consumers.
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Europe presently accounts for the majority of the market share.
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
|Base Year of the Analysis||2022|
|Units||US$ Billion, Million Tons|
|Segment Coverage||Flavor, Category, Product, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Unilever, Nestle, Inner Mongolia Yili Industrial Group, and General Mills|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499|
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report
1. What was the global ice cream market size in 2022?
2. What will be the global ice cream market outlook during the forecast period (2023-2028)?
3. What are the global ice cream market drivers?
4. What are the major trends in the global ice cream market?
5. What is the impact of COVID-19 on the global ice cream market?
6. What is the global ice cream market breakup by flavor?
7. What is the global ice cream market breakup by category?
8. What is the global ice cream market breakup by product?
9. What is the global ice cream market breakup by distribution channel?
10. What are the major regions in the global ice cream market?
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