PUBLISHER: DataM Intelligence | PRODUCT CODE: 1325306
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1325306
Global Ice Cream Market - 2023-2030
Market Overview
The Global Ice Cream Market reached US$ 73.2 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 108.9 billion by 2030. The market is growing at a CAGR of 5.1% during the forecast period 2023-2030.
Ice cream is a beloved frozen dessert enjoyed by people of all ages. It comes in various forms, including traditional dairy ice cream, non-dairy alternatives, gelato, sorbet, and soft-serve ice cream. The manufacturing process of ice cream involves carefully blending ingredients like milk, cream, sugar, and flavorings.
Emulsifiers and stabilizers are often added to create a smooth and creamy texture, prevent crystallization, and improve shelf life which drives the ice cream market size. This versatile treat offers a wide array of flavors and varieties, ranging from classic options like vanilla and chocolate to more adventurous combinations like cookie dough or mint chocolate chip. With its delicious taste and endless possibilities, ice cream continues to be a delightful treat enjoyed by many and creates lucrative sales in the ice cream market revenue.
Market Dynamics
Product Innovation is Expected to Drive the Global Ice Cream Market.
Product innovation is anticipated to be a significant driver in the global ice cream market. By leveraging emerging technologies and consumer trends, ice cream manufacturers are introducing new flavors, formats, and ingredients to meet evolving customer preferences. Ice cream manufacturers are continuously introducing new and unique flavors to cater to diverse consumer tastes. For instance, on March 14, 2023, Amul launched launched Amul Ice Loung in India. It is first ice cream parlor that offers international super-premium flavors for domestic consumers. It plans to roll out 100 such parlors across the country. These include innovative combinations, seasonal flavors, and fusion options that offer a wide range of choices to consumers.
The Increased Production Cost is Hampering the Market Growth.
Compliance with strict regulations often requires additional resources, such as specialized equipment, testing, or quality control measures. These added costs can burden ice cream manufacturers, especially smaller businesses, making it more challenging to operate profitably and potentially leading to higher product prices.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Artificial Intelligence Analysis
AI algorithms can analyze customer feedback, reviews, and social media data to identify popular flavors, emerging trends, and regional preferences in the ice cream market. This information can assist in flavor development and decision-making for ice cream manufacturers. AI can analyze production data, including ingredient usage, manufacturing processes, and quality control measures, to identify areas for optimization and efficiency improvement. This can help streamline production, reduce costs, and enhance product consistency. AI-powered image recognition technology can be employed to inspect ice cream production lines, detecting defects, or inconsistencies in the appearance of the product. This ensures that only high-quality ice cream reaches consumers.
Segment Analysis
The global ice cream market is segmented based on type, product, category, distribution channel and region.
Dairy Segment Accounts Sizable Share in the Global Ice Cream Market
Dairy ice cream is a classic and beloved treat enjoyed for its creamy texture and rich flavors. Made from ingredients like milk, cream, sugar, and flavorings, it offers a wide variety of flavors and is versatile in its use. Its high fat content contributes to its indulgent creaminess, while providing essential nutrients such as calcium and creates lucratives sales in the global ice cream market revenue.
For instance, on April 11, 2023, Mother Dairy India, launched more than 15 products. The latest product line-up introduces an assortment of options to indulge in. It includes a convenient ready-to-consume custard, two invigorating cold coffees, and an extensive selection of over 10 delectable ice cream flavors. Additionally, the company has enhanced its Nitrify curd by fortifying it with Vitamins A & D, providing added nutritional benefits to consumers.
Geographical Analysis
Asia Pacific Holds the Largest Share in the Global Ice Cream Market
By region, the global ice cream market issegmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.
The Asia Pacific region emerged as the largest contributor to the global ice cream market in 2022, accounting for a significant revenue share of over 32.8%. This growth can be attributed to the strong demand from young consumers in the region. Key manufacturers have recognized this trend and have been introducing a diverse range of products to meet the increasing preference for premium ice cream offerings. For instnace, on September 22, 2021, Havmor, a renowned brand in India, launched the "World Cone," the largest ice cream cone in the country. This innovative product featured three delicious flavors: Swiss Choco Brownie, Double Belgium Chocolate, and Nutty French Vanilla. Such product introductions aim to cater to the evolving tastes and preferences of consumers in the Asia Pacific region.
Competitive Landscape
The major global players include Unilever PLC, Nestle SA, Lotte Corporation, General Mills Inc., Dunkin Brands, Blue Bell Creameries, L.P., Dairy Farmers of America, Inc., Ben & Jerry's Homemade, Inc., Amul, and Amy's Ice Cream.
Why Purchase the Report?
- To visualize the global ice cream market segmentation based on type, product, category, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of ice cream market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global Ice Cream market report would provide approximately 53 tables, 46 figures and 195 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Product
- 3.3. Snippet by Category
- 3.4. Snippet by Distribution Channel
- 3.5. Snippet by Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Product innovation is expected to drive the global ice cream market
- 4.1.2. Restraints
- 4.1.2.1. The increased production cost is hampering the market growth
- 4.1.3. Opportunity
- 4.1.3.1. The development of lactose-free ice cream
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Impulse Ice Cream *
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Take-home Ice Cream
- 7.4. Artisanal Ice Cream
- 7.5. Others
8. By Product
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 8.1.2. Market Attractiveness Index, By Product
- 8.2. Cup*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Stick
- 8.4. Cone
- 8.5. Brick
- 8.6. Tub
- 8.7. Others
9. By Category
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Category
- 9.1.2. Market Attractiveness Index, By Category
- 9.2. Dairy *
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Non-Dairy
10. By Distribution Channel
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.1.2. Market Attractiveness Index, By Distribution Channel
- 10.2. Supermarkets/Hypermarkets *
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Convenience Stores
- 10.4. Specialty Stores
- 10.5. Online Stores
- 10.6. Others
11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Category
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. The U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Category
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. The U.K.
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Category
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.6. Introduction
- 11.7. Key Region-Specific Dynamics
- 11.7.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.7.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Category
- 11.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.7.5.1. China
- 11.7.5.2. India
- 11.7.5.3. Japan
- 11.7.5.4. Australia
- 11.7.5.5. Rest of Asia-Pacific
- 11.8. Middle East and Africa
- 11.8.1. Introduction
- 11.8.2. Key Region-Specific Dynamics
- 11.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Category
- 11.8.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
13. Company Profiles
- 13.1. Unilever PLC*
- 13.1.1. Company Overview
- 13.1.2. Grade Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Nestle SA
- 13.3. Lotte Corporation
- 13.4. General Mills Inc.
- 13.5. Dunkin Brands
- 13.6. Blue Bell Creameries, L.P.
- 13.7. Dairy Farmers of America, Inc.
- 13.8. Ben & Jerry's Homemade, Inc.
- 13.9. Amul
- 13.10. Amy's Ice Cream
LIST NOT EXHAUSTIVE
14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
