Global Ice Cream Market Overview, 2024-29

The Global Ice Cream Market is segmented into By Product (Impulse Ice Cream, Artisanal Ice Cream, Take Home Ice Cream), By Flavour (Vanilla, Chocolate, Fruit, Tutti Frutti, Blends, Others), By Packaging (Sticks/Bars, Cones & Cups, Tubs & Bricks, Others), By Distribution Channel (Supermarkets And Hypermarkets, Convenience Stores, Ice cream Parlour, Online Sales Channel, Others).

The Global Ice Cream market is anticipated to cross USD 115 Billion by 2029 due to introduction of innovative flavors

Ice Cream Market Market Analysis

Ice cream, more than just a frozen dessert, has become an integral part of cultural identity and communal enjoyment across the globe. From street vendors in bustling Asian markets to classic American ice cream parlors and gelato shops lining European cobblestone streets, the consumption of ice cream is deeply embedded in the fabric of societies. The roots of ice cream can be traced to ancient China, Persia, and later, Italy, where it evolved into the creamy concoction we know today. As this frozen treat traveled along trade routes, it adapted to local tastes and ingredients, giving rise to an array of unique flavors and styles. In many cultures, ice cream is not just a dessert; it is a symbol of celebration, hospitality, and the simple joys of life. In many Asian cultures, street vendors and small shops offer a wide variety of frozen treats. From Japan's mochi ice cream, featuring chewy rice cakes enveloping a cold, creamy center, to Thailand's coconut milk-based ice cream served in fragrant pandan leaves, Asia's ice cream culture is a vibrant and eclectic blend of tradition and innovation. Exotic flavors like matcha, lychee, and red bean often take center stage, reflecting the region's rich culinary heritage. In Europe, particularly in Italy, gelato holds a special place in the hearts of locals and tourists alike. Gelato shops line the streets of cities like Florence and Rome, offering an array of flavors made with fresh, high-quality ingredients. The culture of savoring a leisurely scoop while strolling through historic piazzas or along scenic canals has become an integral part of the European experience. Gelato, with its lower fat content and intense flavors, exemplifies the sophistication of European ice cream culture. In the United States, ice cream is more than just a dessert; it's a social experience. Ice cream parlors, often adorned with nostalgic decor, evoke a sense of community and nostalgia. Classic flavors like vanilla, chocolate, and strawberry share the menu with inventive creations, and the iconic sundae with its gooey toppings and cherry on top is a symbol of indulgence. According to the research report, “Global Ice Cream Market Overview, 2024-29” published by Bonafide Research, the market is anticipated to cross USD 115 Billion by 2029, increasing from USD 88.34 Billion in 2023. The market is expected to grow with 5.29% CAGR by 2024-29. The ice cream social, a gathering where people come together to enjoy ice cream and socialize, is a tradition that dates back to the 18th century. Ice cream has found its way into cultural rituals and celebrations around the world. In India, it is an integral part of festivals and weddings, symbolizing joy and abundance. In Japan, the tradition of eating ice cream after a hot bath, known as "yuzuyu," is believed to bring health and vitality. Ice cream is often present at birthday parties, family gatherings, and summer picnics, becoming a universal symbol of happiness and shared moments. Vanilla consistently ranks as the most popular ice cream flavor worldwide. Despite the myriad of exotic and inventive flavors available, the classic and versatile vanilla remains a timeless favorite among consumers. The largest ice cream sundae ever made weighed a whopping 24 tons. This colossal creation was crafted in Alberta, Canada, in 1988, featuring tons of ice cream, syrup, and toppings. In Japan, it is considered a tradition to eat ice cream on Christmas Eve. This unusual custom is believed to bring good luck, as the Japanese associate the holiday with romantic activities and sweet treats. Le Mars, Iowa, proudly bears the title of the "Ice Cream Capital of the World." The city is home to the world's largest ice cream production facility and serves as the headquarters for a major ice cream brand. Ice cream isn't just for humans; there are also special ice cream treats made specifically for dogs. These dog-friendly frozen treats are usually formulated with ingredients that are safe and enjoyable for our furry friends, allowing them to join in on the frozen delight.

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Market Dynamic

Market DriversRising Disposable Income and Urbanization: As global economies continue to grow, there is an increase in disposable income, particularly in urban areas. This rise in purchasing power contributes to the growing demand for indulgent and premium food products, including high-quality ice cream. Urbanization also leads to lifestyle changes, with consumers seeking convenient and enjoyable treats, driving the sales of ice cream in urban markets. The combination of rising disposable income and urbanization fuels the demand for premium ice cream products, creating opportunities for market expansion and the introduction of luxurious offerings. • Globalization and Cultural Fusion: Globalization has facilitated the exchange of culinary influences and cultural preferences. Ice cream manufacturers are leveraging this trend by introducing flavors inspired by diverse cuisines from around the world. This fusion of flavors, such as matcha green tea from Japan, tiramisu from Italy, or mango chili from Mexico, appeals to consumers looking for unique and globally inspired taste experiences. The globalization of flavors broadens the market appeal and caters to a diverse consumer base. Ice cream companies can capitalize on this driver by embracing cultural diversity and offering a wide range of international flavors. Market ChallengesIntense Market Competition: The global ice cream market is highly competitive, with numerous local and international players vying for consumer attention. This intense competition puts pressure on companies to differentiate their products through innovation, marketing, and branding. Additionally, price wars and promotional activities to gain market share can impact profit margins and sustainability. Companies must navigate this challenging landscape by developing unique selling propositions, establishing strong brand identities, and constantly innovating to stay ahead in the competitive market. • Environmental Sustainability Concerns: With increasing environmental awareness, consumers are demanding eco-friendly practices from businesses, including the ice cream industry. Challenges such as packaging waste, carbon footprints, and sustainable sourcing of ingredients pose significant hurdles. Adapting operations to align with environmentally friendly practices can be challenging for companies, especially smaller ones with limited resources. Addressing sustainability concerns is crucial for long-term success, as environmentally conscious consumers may shift their preferences towards brands that demonstrate commitment to sustainable and ethical practices. Market TrendsFunctional and Nutrient-Enriched Ice Cream: The trend towards health-conscious consumption has given rise to the development of functional and nutrient-enriched ice cream. Companies are incorporating ingredients like probiotics, vitamins, and protein into their formulations to create ice cream products that offer health benefits beyond traditional indulgence. This trend caters to consumers seeking functional foods without compromising on taste. The functional ice cream trend aligns with the health and wellness movement, providing an avenue for market growth and diversification, especially among consumers looking for healthier frozen dessert options. • Experiential and Novelty Products: Ice cream manufacturers are increasingly focusing on creating experiential and novelty products to engage consumers. This includes interactive in-store experiences, customizable ice cream creations, and limited-edition releases. The element of surprise and uniqueness adds excitement to the consumer's ice cream experience, fostering brand loyalty and social media buzz. Experiential and novelty products contribute to brand differentiation and customer engagement. By offering memorable and shareable experiences, companies can strengthen their market presence and attract a dedicated consumer base. Covid-19 Impacts The global ice cream market, like many other industries, faced significant impacts from the COVID-19 pandemic. The initial phases of lockdowns and restrictions led to disruptions in the supply chain, affecting the production and distribution of ice cream products. Closure of restaurants, cafes, and ice cream parlors, coupled with reduced foot traffic in retail outlets, resulted in a sharp decline in sales. Consumer priorities shifted towards essential goods, impacting the demand for indulgent treats. However, as lockdowns eased, there was a noticeable surge in demand for comfort foods, including ice cream, as people sought moments of joy and familiarity during uncertain times. The pandemic also accelerated certain trends within the industry, such as the rise of e-commerce for ice cream sales and increased focus on health-conscious offerings. Manufacturers responded with innovative packaging solutions, online promotions, and new product developments to adapt to the changing consumer landscape. While the industry experienced challenges, the enduring appeal of ice cream as a source of comfort and delight ultimately contributed to its resilience and gradual recovery in a post-pandemic era.

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Ice Cream Market Segmentation

By Product Impulse Ice Cream
Artisanal Ice Cream
Take Home Ice Cream
By Flavor Vanilla
Chocolate
Fruit
Tutti Frutti
Blends
Others
By Packaging Sticks/Bars
Cones & Cups
Tubs & Bricks
Others
By Distribution Channel Supermarkets And Hypermarkets
Convenience Stores
Ice cream Parlor
Online Sales Channel
Others
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
Korea South
South AmericaBrazil
Argentina
Colombia
MEAUnited Arab Emirates
Saudi Arabia
South Africa

Growing consumer preference for high-quality, handcrafted, and unique flavor experiences is fueling the growth of artisanal ice cream in the market. The surge in popularity of artisanal ice cream in the market is primarily attributed to the evolving preferences of consumers who seek high-quality, handcrafted, and unique flavor experiences. In recent years, there has been a noticeable shift in consumer attitudes towards food, with an increasing demand for products that offer not only indulgence but also authenticity and artisanal craftsmanship. Artisanal ice cream caters to this demand by differentiating itself from mass-produced alternatives through its emphasis on premium ingredients, small-batch production, and innovative flavor profiles. Consumers are now more inclined to explore and appreciate diverse and exotic flavors, and artisanal ice cream makers are leveraging this trend to create a distinctive market niche. The artisanal approach often involves the use of locally sourced, organic, and natural ingredients, which aligns with the broader consumer movement towards healthier and sustainably produced food items. Moreover, the storytelling aspect of artisanal ice cream, where makers often share the inspiration behind flavors or the origin of ingredients, adds a personal and authentic touch that resonates with consumers seeking a more intimate connection with their food. As a result, the growing consumer preference for a premium, handcrafted, and unique ice cream experience is propelling the expansion of the artisanal ice cream segment within the overall ice cream market. Increasing consumer focus on health and wellness, along with a growing demand for natural and fruity flavors, is driving the growth of fruit ice cream in the market. The growth of fruit ice cream in the ice cream market is primarily driven by the rising consumer emphasis on health and wellness, coupled with a heightened demand for natural and fruity flavors. As health-conscious trends continue to shape consumer choices, individuals are seeking frozen treats that align with their desire for healthier options. Fruit ice cream, made with real fruits and often featuring lower fat content compared to traditional varieties, has emerged as a refreshing and guilt-free alternative. The natural sweetness and vibrant colors of fruits appeal to consumers looking for flavorful yet nutritious desserts. Additionally, with concerns about artificial additives and preservatives, consumers are increasingly drawn to fruit ice cream as it typically offers a cleaner ingredient list. The perception of fruits as wholesome and nutritious contributes to the positive image of fruit ice cream as a treat that combines indulgence with health benefits. The market has responded by introducing a variety of fruit-based flavors, showcasing the diversity of fruits from tropical options to local and exotic varieties. Fruit ice cream not only caters to the health-conscious consumer but also taps into the broader trend of embracing natural, unprocessed ingredients. Consequently, the growth of fruit ice cream represents a convergence of consumer preferences for healthier options and the enjoyment of fresh, fruity flavors in the frozen dessert category. Convenience and portability, along with the sensory experience of enjoying ice cream in cones or cups, are driving the growth of this segment in the ice cream market. The growth of cones and cups in the ice cream market is primarily fueled by the convenience, portability, and sensory experience associated with these formats. Cones and cups offer consumers the flexibility to enjoy their favorite frozen treat on the go, without the need for additional utensils or dishes. This convenience factor resonates particularly well with busy lifestyles and on-the-move consumption patterns prevalent in today's society. The portability of cones and cups makes them an ideal choice for consumers looking for a quick and mess-free ice cream option, whether at a park, on the street, or during various outdoor activities. Beyond convenience, the sensory experience of biting into a crisp cone or savoring the creamy texture of ice cream in a cup contributes significantly to the appeal of these formats. The tactile pleasure of holding a cone or the classic appeal of a cup adds to the overall enjoyment of the ice cream-eating experience. Manufacturers in the ice cream market are capitalizing on this trend by innovating with various cone types, such as waffle cones, sugar cones, or even unconventional cone materials, to enhance the overall sensory experience for consumers. The growth of cones and cups in the ice cream market reflects a synergy between consumer preferences for convenience and the desire for a multisensory, on-the-go indulgence in the frozen dessert category. The growing demand for experiential consumption and the desire for unique, customizable ice cream experiences are driving the growth of ice cream parlors in the market. The expansion of ice cream parlors in the ice cream market can be attributed to the increasing consumer inclination towards experiential consumption and the desire for unique, customizable ice cream experiences. Ice cream parlors offer a distinct and interactive environment where consumers can not only enjoy a variety of flavors but also participate in the creation of their own personalized treats. This experiential aspect adds an element of fun and novelty to the ice cream consumption process, attracting consumers who seek more than just a product but also a memorable experience. Ice cream parlors often provide a wide array of flavors, toppings, and mix-ins, allowing customers to tailor their ice cream according to their preferences, fostering a sense of ownership over their dessert. The customization trend aligns with the broader shift in consumer preferences towards individualization and uniqueness in their food choices. Additionally, the ambiance and presentation in ice cream parlors contribute to the overall enjoyment, making it a social and engaging activity. The rise of social media has further amplified the popularity of these experiences, as consumers share visually appealing and personalized ice cream creations online, creating a positive feedback loop for ice cream parlors. The growth of ice cream parlors in the market signifies a shift from traditional packaged ice cream consumption to a more interactive, customizable, and experiential approach that resonates with the modern consumer's desire for unique and engaging food experiences.

Ice Cream Market Market Regional Insights

Rising disposable incomes and changing consumer preferences are driving the growth of the ice cream market in the Asia-Pacific region. The Asia-Pacific region is experiencing significant growth in the ice cream market primarily due to the combination of rising disposable incomes and evolving consumer preferences. As economies in the region continue to develop, an increasing number of consumers find themselves with more discretionary income, allowing for greater spending on indulgent treats like ice cream. This demographic shift has led to a surge in demand for premium and innovative ice cream products, ranging from exotic flavors to unique textures and formats. Additionally, changing consumer lifestyles, particularly in urban areas, have contributed to a growing demand for convenient and on-the-go frozen desserts. The cultural significance of sharing food experiences in many Asian societies has also fueled the popularity of ice cream as a social and celebratory treat. Manufacturers in the region are responding to these trends by introducing a wide array of ice cream products to cater to diverse tastes, driving further market expansion. The convergence of increased purchasing power and a dynamic consumer landscape is creating a lucrative environment for the ice cream industry in the Asia-Pacific, making it a key growth region for ice cream market players.

Key Development

• June 12, 2023: Häagen-Dazs, a brand under the General Mills umbrella, is embarking on an exciting venture with the introduction of Häagen-Dazs Cultured Crème. This innovative creation draws inspiration from the sumptuous taste and luxurious texture that Häagen-Dazs ice cream is renowned for. Cultured Crème represents a unique fusion of flavors and textures, providing a fresh perspective for discerning consumers who appreciate the delights of both yogurt and ice cream in a single snack. • October 2022: Unilever partnered with ASAP for the delivery of its ice cream products. As per the partnership, ASAP will also deliver ice cream and treats from Unilever's virtual storefront, The Ice Cream Shop. • October 2022: Kemps replaced Dean Goods throughout Iowa as Dairy Farmers of America completed the USD 433 million acquisitions of Dean Food’s properties. The business took over the Le Mars milk factory, which can process numerous Kemps products, from cottage cheese to ice cream. • October 2022: Blue Ribbon's Street range launched three new two-liter tubs, each featuring two flavors. The range includes chocolate affair, caramel hokey pokey, and velvety caramel. • March 2022: Yuengling’s Corporation, an American ice-cream manufacturing company, acquired Revolution Desserts, LLC, an Atlanta-based ice cream manufacturing company that owns Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo Creamery brands. Revolution Desserts operates in more than 600 retail stores nationwide.

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Companies Mentioned

  • Mars Incorporated
  • Nestle SA
  • Unilever
  • General mills Inc.
  • Ferrero SPA
  • Mondelez International
  • Froneri International Limited
  • Lotte Corporation
  • MTY Food Group Inc.
Company mentioned

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Ice Cream Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Product
  • 6.5. Market Size and Forecast, By Flavour
  • 6.6. Market Size and Forecast, By Packaging
  • 6.7. Market Size and Forecast, By Distribution Channel
  • 7. North America Ice Cream Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Product
  • 7.4. Market Size and Forecast, By Flavour
  • 7.5. Market Size and Forecast, By Packaging
  • 7.6. Market Size and Forecast, By Distribution Channel
  • 8. Europe Ice Cream Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Product
  • 8.4. Market Size and Forecast, By Flavour
  • 8.5. Market Size and Forecast, By Packaging
  • 8.6. Market Size and Forecast, By Distribution Channel
  • 9. Asia-Pacific Ice Cream Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Product
  • 9.4. Market Size and Forecast, By Flavour
  • 9.5. Market Size and Forecast, By Packaging
  • 9.6. Market Size and Forecast, By Distribution Channel
  • 10. South America Ice Cream Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Product
  • 10.4. Market Size and Forecast, By Flavour
  • 10.5. Market Size and Forecast, By Packaging
  • 10.6. Market Size and Forecast, By Distribution Channel
  • 11. Middle East & Africa Ice Cream Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Product
  • 11.4. Market Size and Forecast, By Flavour
  • 11.5. Market Size and Forecast, By Packaging
  • 11.6. Market Size and Forecast, By Distribution Channel
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Unilever Plc
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. General Mills, Inc.
  • 12.6.3. Froneri International Limited
  • 12.6.4. Mondelez International, Inc.
  • 12.6.5. Nestle SA
  • 12.6.6. Ferrero SpA
  • 12.6.7. Lotte Corporation
  • 12.6.8. MTY Food Group Inc.
  • 12.6.9. Mars Incorporated
  • 12.6.10. Blue Bell Creameries
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

List of Table
Table 1: Global Ice Cream Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Ice Cream Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Ice Cream Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 8: Global Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 9: Global Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 10: Global Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 11: North America Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 12: North America Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 13: North America Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 14: North America Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 15: Europe Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 16: Europe Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 17: Europe Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 18: Europe Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 19: Asia-Pacific Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 20: Asia-Pacific Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 21: Asia-Pacific Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 22: Asia-Pacific Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 23: South America Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 24: South America Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 25: South America Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 26: South America Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 27: Middle East & Africa Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 28: Middle East & Africa Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 29: Middle East & Africa Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 30: Middle East & Africa Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)

List of Figures
Figure 1: Global Ice Cream Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Ice Cream Market Share By Region (2023)
Figure 6: North America Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Ice Cream Market Share By Country (2023)
Figure 8: Europe Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Europe Ice Cream Market Share By Country (2023)
Figure 10: Asia-Pacific Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Asia-Pacific Ice Cream Market Share By Country (2023)
Figure 12: South America Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: South America Ice Cream Market Share By Country (2023)
Figure 14: Middle East & Africa Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: Middle East & Africa Ice Cream Market Share By Country (2023)
Figure 16: Competitive Dashboard of top 5 players, 2023
Figure 17: Market Share insights of key players, 2023
Figure 18: Porter's Five Forces of Global Ice Cream Market

Feed Phosphate Market Research FAQs

Key drivers of growth in the global ice cream market include flavor innovation, premiumization, rising disposable incomes, health-conscious consumer trends, and the popularity of convenient and indulgent treats. Factors such as globalization, urbanization, and the cultural significance of ice cream also contribute to market expansion.

The COVID-19 pandemic initially led to disruptions in the ice cream market due to supply chain challenges, closure of foodservice outlets, and changes in consumer behavior. However, as restrictions eased, there was a surge in at-home consumption, contributing to a recovery in sales. The pandemic also accelerated trends like e-commerce and a focus on health and wellness.

Emerging trends in the global ice cream market include the rise of plant-based and dairy-free options, the focus on health and wellness with functional and nutrient-enriched products, the growth of e-commerce and direct-to-consumer sales, and the popularity of experiential and novelty ice cream products. Sustainability concerns and innovative flavors continue to shape the industry.

Ice cream manufacturers are increasingly adopting sustainable practices, including eco-friendly packaging, responsibly sourced ingredients, and efforts to reduce carbon footprints. Sustainable and ethical practices are becoming essential for brands to align with consumer values and minimize their environmental impact.

Challenges include health concerns and the demand for healthier alternatives, supply chain disruptions affecting ingredient costs and availability, intense market competition, and the need to address environmental sustainability.

Health and wellness trends are influencing ice cream products by driving demand for low-sugar, low-fat, and plant-based alternatives. Manufacturers are responding by formulating products with functional ingredients, offering healthier options without compromising taste.
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Global Ice Cream Market Overview, 2024-29

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