Ice Cream Market

Ice Cream Market by Categories (Dairy and Non-dairy), Types (Impulse Ice Cream, Take-home Ice Cream, and Artisanal Ice Cream), Distribution Channels (On-trade and Off-trade [Convenience Stores, Supermarkets/Hypermarkets, Specialist Stores, and Others]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-2575
  • Author: Growth Market Reports
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  • No. Of Pages: 189
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The global ice cream market size was valued USD 62.20 million in 2020 and is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed the rising preference for ice cream and soft serve across global customers.

Ice Cream Market summary

Ice cream is a dairy product that is flavored with organic or synthetic refined sugar. Companies in the market provide a variety of ice creams, such as soft ice cream, hard ice cream, light ice cream, limited edition ice cream, and others. The availability of numerous flavored ice creams drives the expansion of the ice cream industry. As a result, ice cream buyers pay a higher price for these goods, increasing the market share.

Manufacturers are expanding their product line by including useful additives, organic herbal fillings, and exotic tastes in product formulations to suit evolving customer requirements.  Firms are integrating exotic flavors such as tropical fruits, lemons, and coconuts to respond to evolving customer tastes. For instance, Skinny Cow, a low-calorie and low-fat ice cream, is preferred by health-conscious customers. However, the ice cream business suffered during COVID-19 outbreak as a result of supply chain interruption, which reduced ice cream sales. Additionally, many individuals avoided ice cream as they believed it would make them more susceptible to COVID-19 virus.

Market Trends, Drivers, Restraints and Opportunities

  • Developments in cold chain facilities, such as temperature-controlled storage spaces, the acquisition of skilled operating personnel, and the implementation of efficient management processes are driving the market expansion.
  • Steady economic growth has encouraged customers to buy high-quality ice creams, prompting numerous multinational ice cream manufacturers to extend their operations globally.
  • Growing health awareness and lactose sensitivity among the population has pushed producers to offer preservative-free, genetically modified organism, dairy-free, fat-free, and organic product variations, which is leading to the global market growth.
  • Health concerns such as obesity and diabetes can create challenges for the market growth.
  • Increasing development of lactose-free ice cream products is estimated to provide opportunities for the ice cream market.

Scope of the Report

The report on the global ice cream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Ice Cream Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Category (Dairy and Non-dairy), Types (Impulse Ice Cream, Take-home Ice Cream, and Artisanal Ice Cream), Distribution Channels (On-trade and Off-trade [Convenience Stores, Supermarkets/Hypermarkets, Specialist Stores, and Others])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Unilever; Nestle SA; Inspire Brands, Inc.; General Mills Inc.; and Lotte Corporation

Ice Cream Market Segment Insights

Dairy segment is expected to grow at a rapid pace

Based on categories, the ice cream market is bifurcated into dairy and non-dairy. The dairy segment is expected to grow at a rapid pace during the forecast period due to significant development in the food & beverage sector, as well as the presence of a strong dairy industry. However, the non-dairy segment is anticipated to hold a key share of the market in the coming years due to presence of premium items to people with both unique flavors and rich pleasure. Moreover, rising disposable income of consumers and increasing spending on non-dairy products are expected to boost the segment growth.

Ice Cream Market categories

Take-home ice segment is projected to expand at a considerable CAGR

On the basis of types, the market is segregated into impulse ice cream, take-home ice cream, and artisanal ice cream. The take-home ice cream segment is projected to expand at a considerable CAGR during the forecast period. The ice cream industry is anticipated to increase significantly due to growing demand for frozen treats among the younger generation. On the other hand, the impulse ice cream segment is anticipated to account for a major market share during the forecast period. Premium and creative ingredients are being used by ice cream manufacturers to provide high-quality products.

Ice Cream Market types

Off trade segment predicted to account for a significant market share.

On the basis of distribution channels, the market is segregated into on-trade and off-trade. The off-trade segment is categorized as convenience stores, supermarkets/hypermarkets, specialist stores, and others. The off-trade segment is projected to expand at a considerable CAGR during the forecast period. The expansion of these distribution stores is driving the growth of the ice cream market. Moreover, distribution channels such as hypermarkets, supermarkets, convenience shops, discounters, forecourt merchants, and grocery stores work as a worldwide marketing tools, contributing to the development of an attractive premium image and increasing brand exposure for a wide range of ice cream goods.

Ice Cream Market distribution channels

Europe is anticipated to constitute a key market share

In terms of regions, the global ice cream market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period. A growing demand for natural, less processed, and convenient food, as well as a growing emphasis on low-calorie ice creams, are allowing firms to capitalize on the market's development potential. However, the market of Asia Pacific is anticipated to expand at a robust rate owing to increasing demand from emerging nations such as India, China, and Indonesia. Furthermore, rising disposable income and living standards are driving market expansion in the region.

Ice Cream Market regions

Segments

Segments Covered in the Report
The global ice cream market has been segmented on the basis of
Categories

  • Dairy
  • Non-dairy

Types

  • Impulse ice cream
  • Take-home ice cream
  • Artisanal ice cream

Distribution Channels

  • On-trade
  • Off-trade
    • Convenience Stores
    • Supermarkets/Hypermarkets
    • Specialist Stores

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Unilever
  • Nestle SA
  • Inspire Brands, Inc.
  • General Mills Inc.
  • Lotte Corporation

 

Competitive Landscape

The ice cream market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the middle east and Africa proximity sensors market are Unilever; Nestle SA; Inspire Brands, Inc.; General Mills Inc.; and Lotte Corporation.
 

Ice Cream Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ice Cream Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ice Cream Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ice Cream Market - Supply Chain
  4.5. Global Ice Cream Market Forecast
     4.5.1. Ice Cream Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ice Cream Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Ice Cream Market Absolute $ Opportunity
5. Global Ice Cream Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Ice Cream Market Size and Volume Forecast by Types
     5.3.1. Impulse ice cream
     5.3.2. Take-home ice cream
     5.3.3. Artisanal ice cream
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ice Cream Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Ice Cream Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Ice Cream Demand Share Forecast, 2019-2026
7. North America Ice Cream Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Ice Cream Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Ice Cream Market Size and Volume Forecast by Types
     7.4.1. Impulse ice cream
     7.4.2. Take-home ice cream
     7.4.3. Artisanal ice cream
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Ice Cream Demand Share Forecast, 2019-2026
8. Latin America Ice Cream Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Ice Cream Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Ice Cream Market Size and Volume Forecast by Types
     8.4.1. Impulse ice cream
     8.4.2. Take-home ice cream
     8.4.3. Artisanal ice cream
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Ice Cream Demand Share Forecast, 2019-2026
9. Europe Ice Cream Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Ice Cream Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Ice Cream Market Size and Volume Forecast by Types
     9.4.1. Impulse ice cream
     9.4.2. Take-home ice cream
     9.4.3. Artisanal ice cream
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Ice Cream Demand Share Forecast, 2019-2026
10. Asia Pacific Ice Cream Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Ice Cream Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Ice Cream Market Size and Volume Forecast by Types
     10.4.1. Impulse ice cream
     10.4.2. Take-home ice cream
     10.4.3. Artisanal ice cream
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Ice Cream Demand Share Forecast, 2019-2026
11. Middle East & Africa Ice Cream Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Ice Cream Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Ice Cream Market Size and Volume Forecast by Types
     11.4.1. Impulse ice cream
     11.4.2. Take-home ice cream
     11.4.3. Artisanal ice cream
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Ice Cream Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Ice Cream Market: Market Share Analysis
  12.2. Ice Cream Distributors and Customers
  12.3. Ice Cream Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Unilever
     12.4.2. Nestle SA
     12.4.3. Inspire Brands, Inc.
     12.4.4. General Mills Inc.
     12.4.5. Lotte Corporation

Segments Covered in the Report
The global ice cream market has been segmented on the basis of
Categories

  • Dairy
  • Non-dairy

Types

  • Impulse ice cream
  • Take-home ice cream
  • Artisanal ice cream

Distribution Channels

  • On-trade
  • Off-trade
    • Convenience Stores
    • Supermarkets/Hypermarkets
    • Specialist Stores

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Unilever
  • Nestle SA
  • Inspire Brands, Inc.
  • General Mills Inc.
  • Lotte Corporation

 

The ice cream market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the middle east and Africa proximity sensors market are Unilever; Nestle SA; Inspire Brands, Inc.; General Mills Inc.; and Lotte Corporation.
 

Ice Cream Market keyplayers

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