An increase in new variants and flavors of ice cream with rising in disposable income are driving factors for the growth of ice cream market globally.
According to TechSci Research report “Global Ice Cream Market By Category (Take-Home Ice Cream, Impulse Ice Cream, and Artisan Ice Cream), By Product Type (Brick, Tub, Cup, Cone, Stick, and Others (Ice Cream Sandwiches and Jellies)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Store, Specialty Store, and Others (Push Carts and Online)), By Region, Competition, Forecast & Opportunities, 2026F” the global ice cream market is forecast to grow at a rate of over 5.71% to reach USD167.26 billion by 2026F. The market growth is stimulated as a rise in demand for premium ice cream is observed and consumers are increasingly preferring high quality, unique ice cream flavors and are willing to pay more for ingredients that they consider to be innovative.
Ice cream manufacturers worldwide, especially in US and Europe, are launching premium brands and variations on established products to cater the new and growing consumer preferences. Growing urbanization and increasing disposable income of consumers results in rising purchasing power of the consumers. The demand for ice creams in the projected period is likely to register good growth owing to an increase in population as the ice cream is served in the form of the dessert or sweet dish among households and in social gatherings or celebrations. Owing to increase in availability of dairy-free and vegan ice cream, vendors have introduced products that target consumers who adhere to vegan or dairy-free diets. Ben & Jerry’s and Breyer’s are all popular ice cream brands offering almond, soy, or coconut ice cream flavors in the global ice cream market.
Consumption of ice creams has increased dramatically in the past few years. The main reason behind this increasing demand for ice creams is that ice cream contains minerals like calcium and phosphorus. Calcium is an essential mineral for human body as it maintains healthy bones and reduces the chances of kidney stones. Ice cream stimulates the thrombotonin, which is a hormone of happiness and helps in reducing the levels of stress in the body. Ice cream is made of milk, which contains L-tryptophan, a tranquilizer that helps in relaxing the nervous system. It also prevents the symptoms of insomnia.
The primary positive factors influencing this industry are per capita dairy consumption and low imports. The market is expected to witness significant growth in the forecast period due to the growing demand for convenience food, along with the improving purchasing power of the consumers. Rapid advancements in logistics and production processes have enabled manufacturers to offer ice cream through nearly every restaurant, supermarket, and corner store. A rise in demand is witnessed as premium ice creams have become a popular product among health-conscious consumers due to the presence of high-quality ingredients.
Browse more than 108 market data figures spread through 110 Pages and an in-depth TOC on “Global Ice cream Market”
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The global ice cream market is segmented into category, product type, distribution channel, region and company. Based on category, the market is segregated into take-home ice cream, impulse ice cream, and artisan ice cream. Out of these, take-home ice cream registers a market share of around 43% in 2020 as it has a convenient packaging, while artisan ice cream is the fastest growing because of health concerns, as it is free from added preservatives, and crafted with fresh, organic fruit extract with low sugar. Based on product type segment, the global ice cream market is segmented into brick, tub, cup, cone, stick, and others. Among them, bricks are dominating the market due to the high demand of family packs ice cream. In terms of distribution channel segment, the global ice cream market is divided into supermarkets/hypermarkets, convenience stores, specialty stores, and others (Pusk Carts and Online) where supermarkets/hypermarkets dominate the market and hold the majority share of around 27% in 2020.
In terms of regional analysis, the global ice cream market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Among these, North America is dominating the market, due to a large number of populations, and higher spending of people on food and desserts.
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“The global ice cream market has the potential to extensively grow as ice cream is mostly consumed as dessert. Ice cream makers have started manufacturing ice creams in new flavors that are unique, refined, and complex.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
report “Global Ice Cream Market By Category (Take-Home Ice Cream, Impulse Ice Cream, and Artisan Ice Cream), By Product Type (Cup, Cone, Stick, Brick, Tub, and Others (Ice Cream Sandwiches and Jellies)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Store, Specialty Store, and Others(Push Carts and Online), By Region, Competition, Forecast & Opportunities, 2026F” has evaluated the future growth potential of ice cream globally and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global icecreams market.
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