Global Ice Cream Market Assessment, By Type [Dairy Based, Non-Dairy Based], By Category [Impulse Ice Cream, Take-home Ice Cream, Artisanal Ice Cream], By Package Size [Less than 100 ml, 100 to 500 ml, More than 500 ml], By Packaging Type [Cones, Cups, Tubs, Sticks, Bricks, Others], By Distribution Channel [Online; Offline-Supermarkets/Hypermarkets, Ice Cream Parlours, Convenience Stores, Others], By Region, Opportunities, and Forecast, 2017-2031F

Global Ice Cream Market size was estimated at USD 71.3 billion in 2022 and is projected to grow at a CAGR of 6.5% between 2023 and 2030 and reach USD 98.5 billion in 2030. The market is driven by factors such as increasing demand by health-conscious consumers for natural ingredients including fruit pulp and dry fruits in ice creams. Consumer preference for a variety of new flavours such as coconut, Belgian chocolate and mixed fruit coupled with rising demand for impulse ice creams such as sandwiches, cones, and pops in developing countries are also adding to the market growth. Rising consumer interest for dairy free products is influencing the growth of vegan ice creams globally which will further boost the sales of non-dairy based ice creams during the forecast period. The introduction of sugar-free premium ice creams through various distribution channels by industry participants is also opening substantial market potential.

Despite the rising milk prices, the demand for ice creams remains robust. Impactful innovations by the ice cream manufacturers in form of packaging type as well as their distribution has given ice creams market a strong comeback after COVID-19. For example, Kwality Wall’s introduction of Crackle Tub and Trixy Cup enhanced its in-home cream consumption in comparison to pre-pandemic level.

Increasing Demand Vegan Ice Creams  

Rapid rise in the lactose intolerant population worldwide has resulted in a switch to non-dairy products including the ice creams. Ice cream manufacturers have been tapping the market potential by introducing vegan or dairy free ice creams which is set to surge the demand for non-dairy based category of this market. For example, Baskin Robins offers a variety of vegan friendly flavours such as Watermelon Burst Sorbet, Daiquiri Ice and Non-Dairy Salted Fudge Bar. More than half of the global consumers consider plant-based alternatives because it is healthier. There are 80 million vegans globally with United Kingdom having the highest percentage of vegan population followed by Australia.

Rise in Desire for Innovative Flavours

The global ice cream market is experiencing an increasing demand for advanced flavours and convenient packaging as consumers seek more variety and unique taste experiences. During the upcoming years, innovative ice cream trends like plant-based ice creams, cinnamon roll ice creams, and gluten-free ice creams are expected to present opportunities to the key players. This trend is being driven by a growing interest in global fitness and the desire for new taste experiences. Additionally, innovatively flavoured ice cream products can command higher prices and offer a point of differentiation for ice cream producers and retailers.

Snackification trends results in larger consumption of Impulse Ice Creams

Ice creams were once considered as a post meal dessert. With changing time and rising youth population across the globe, it has been evolved as a snacking item to be consumed at different intervals. Ice creams have gained traction among all aga groups including the toddlers. Owing to changing lifestyles and more demand for on the go and handheld snacks have led to a higher consumption of impulse ice creams that includes bars, cups, sticks, cones, sandwiches and so on.

Impact of COVID-19

The COVID-19 pandemic had a noticeable impact on the global ice cream market as majority of the consumers worldwide reduced their ice cream consumption due to the panic by the pandemic. Many of the consumers who did not bother about consuming ice creams during lockdowns chose to buy them through the online retailers and local general stores as imposition of curfews and lockdowns across the globe resulted in non-availability of ice cream street vendors. Moreover, there was a rising preference for consuming hot products during the COVID-19 which hampered the sale of ice creams during the tenure.

Impact of Russia-Ukraine war

Ukraine is a net supplier of dairy products to the global marketplace and some disruptions to supply chains have occurred due to the conflict, leading to an increase in the raw milk prices, globally, even faster than we’ve seen in recent time. Due to the conflict between Russia and Ukraine, a substantial rise in consumer dairy prices is expected to take place. However, overall global ice cream production and consumption have not been significantly affected by the conflict, and any changes in supply and demand have largely been absorbed by the global market.

Report Scope

"Global Ice Cream Market Assessment, Opportunities and Forecast, 2016-2030F,” is a comprehensive report by Markets & Data, providing in-depth analysis and assessment of global ice cream market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, impact of Russia-Ukraine opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2022
Historical Period	2016-2021
Forecast Period	2023-2030
Projected Growth Rate	CAGR of 6.5% from 2023-2030
Revenue forecast in 2030	USD 98.5 Billion
Units	Revenue in USD in Billions and Volume in tons
Segments Covered	Type, Category, Package Size, By Packaging Type, Distribution Channel
Regions Covered	North America, Europe, South America, Asia-Pacific and Middle East & Africa
Key Companies Profiled	Unilever Plc., Anand Milk Union Limited (Amul), American Dairy Queen Corporation (Dairy Queen), Inspire Brands, Inc. (Baskin-Robbins), Nestlé SA, General Mills Inc. (Häagen-Dazs), Blue Bell Creameries, MTY Food Group Inc. (Cold Stone Creamery, Pinkberry Worldwide Inc.), Danone S.A. (Oikos), Little Red Rooster Ice Cream Company (NadaMoo!)
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased). We can also provide the editable version of the report in PPT/PDF format on special request

 

In this report, Global Ice Cream Market has been segmented into following categories: 

1.       Global Ice Cream Market, By Type

1.1.    Dairy Based

1.2.    Non-Dairy Based

2.        Global Ice Cream Market, By Category

2.1.    Impulse Ice Cream

2.2.    Take-home Ice Cream

2.3.    Artisanal Ice Cream

3.        Global Ice Cream Market, By Package Size

3.1.    Less than 100 ml

3.2.    100 to 500 ml

3.3.    More than 500 ml

4.        Global Ice Cream Market, By Packaging Type

4.1.    Cones

4.2.    Cups

4.3.    Tubs

4.4.    Sticks

4.5.    Bricks

4.6.    Others

5.       Global Ice Cream Market, By Distribution Channel

5.1.    Online

5.2.    Offline

5.2.1.Supermarkets/Hypermarkets

5.2.2.Ice Cream Parlours

5.2.3.Convenience Stores

5.2.4.Others

6.        Global Ice Cream Market, By Region

6.1.    North America

6.2.    Europe

6.3.    South America

6.4.    Asia Pacific

6.5.    Middle East and Africa

Key Players Landscape and Outlook

Due to the existence of numerous local and international organizations, the competitive landscape for the global ice cream market is fragmented. Several manufacturers are focussing on mergers and acquisitions to increase their manufacturing capacity which helps enhancing their supply chain and aids in the development of new product.

Unilever Plc., a dominating global market player’s ice business, out-of-home saw competitive double-digit growth. Its fast ice cream delivery service ICNOW grew 30% and is now in over 40 countries. It even has expanded the product range through innovative new twists on premium offerings. Unilever Nutrition and Ice Cream achieved USD 1.3 billion in sales from the plant-based products in 2022.

Market Xcel’s reports answer the following questions:

•       What is the current and future market size of the product/service in question globally or specific to different countries?

•       How are the markets divided into different product/service segments and the market size and growth of each segment?

•       What is the market potential of different product segments and their invest case?

•       How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

•       What is the business environment and regulatory landscape specific to the product/service?

Key Players operating in Global Ice Cream Market 

·         Unilever Plc.

·         Anand Milk Union Limited (Amul)

·         American Dairy Queen Corporation (Dairy Queen)

·         Inspire Brands, Inc. (Baskin-Robbins)

·         Nestlé SA

·         General Mills Inc. (Häagen-Dazs)

·         Blue Bell Creameries

·         MTY Food Group Inc. (Cold Stone Creamery, Pinkberry Worldwide Inc.)

·         Danone S.A. (Oikos)

·         Little Red Rooster Ice Cream Company (NadaMoo!)

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