Ice Cream Market Size, Trends, Growth Drivers, and Forecast Report 2025-2033
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The latest report by IMARC Group, titled “Ice Cream Market Report by Flavor (Vanilla, Chocolate, Fruit, and Others), Category (Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream), Product (Cup, Stick, Cone, Brick, Tub, and Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Ice Cream Parlors, Online Stores, and Others), and Region 2025-2033”, offers a comprehensive analysis of the ice cream market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Ice Cream Market?
The global ice cream market size reached USD 78.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 102.4 Billion by 2033, exhibiting a growth rate (CAGR) of 2.95% during 2025-2033.
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Global Ice Cream Market Dynamics:
Rising Demand for Premium and Artisanal Ice Cream:
The ice cream market is trending towards the premium and artisanal segments, as a result of changing customer preferences for high quality ice cream experiences. Customers are demanding niche brands that offer unique flavors and organic or clean label products, which is leading to the growth of gourmet and handcrafted brands. This trend is especially noticeable in the developed North American and European regions, where there is a higher per capita income and people are willing to spend more money for superior taste and quality.
Moreover, the growth in food culture and social media marketing has increased the demand for innovation and new designs in ice cream products. To meet the needs of this discerning public, manufacturers have started launching exotic flavors, plant-based ice cream, and even limited edition products. Consequently, the premium segment is likely to yield significant revenue opportunities in the next few years, which will change the competitive dynamics of the ice cream industry.
Growth of Plant-Based and Lactose-Free Ice Cream:
There has been an increase in the demand for plant-based and lactose-free ice cream on the global market along with the increase in health accompanying veganism and lactose intolerance. Now more people than ever are adopting a plant-based diet for ethical, environmental, or health reasons, and due to this trend, manufacturers are using almond, oat, coconut, and soy milk to produce creamy dairy-free ice cream substitutes.
The trend is already well established across all age groups, but it is especially popular among millennials and Gen Z due to their concern for health and the environment. Furthermore, food technology has improved the taste and texture of plant-based ice cream, making it more appealing to many. As a result, this segment is ready for intense development, presenting great opportunities for new entrants, as well as established brands, in the global ice cream market.
Expansion in Emerging Markets:
The Asia-Pacific regions, Latin America, and Africa have emerged as new focal areas for expansion in the global ice-cream industry owing to their increasing disposable income, urbanization, and evolving lifestyles. The growing spending capabilities of the middle class in India, China, Brazil, and South Africa is resulting in greater consumption of ice cream along with other packaged and impulse foods.
Moreover, the spread of modern retail formats like supermarkets, convenience stores, and the growth of e-commerce business also created new opportunities for the demand of ice cream. Both local and foreign companies are responding to the demand by offering affordable products designed for the specific tastes and preferences of the region. Other factors, such as seasonal changes and high temperatures in these regions also increases the demand for ice cream greatly, which is fundamental to the future development of the international ice cream market.
Top Ice Cream Market Leaders:
The ice cream market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Unilever PLC
- Nestlé S.A.
- Inner Mongolia Yili Industrial Group
- General Mills, Inc.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/ice-cream-market
Global Ice Cream Market Trends:
Rising living standards and changing eating habits of people across the globe has made ice cream one of the most popular foods enjoyed by consumers of all ages. These two factors are things that are noted as a key driver for the global ice cream market. The new innovations in production processes has increased the consumption of ice creams specialty and those are expected to further drive this sector. The industry gets strong support from the technological underpinnings of the other two industries, i.e. Food Processing and Packaging. And social media influencer advertising has become so prevalent, ice cream companies are jumping on the bandwagon.
The use of Probiotics and super foods is predicted to increase due to the new consumer trend and brand offerings of supplements such as concentrates or vitamins incorporated into ice cream is hitting the market. The evolving competition between brands will result in more efficient advertising schemes. It is expected that in a few years the US and Europe will outpace the rest of the world. The big change in the forecast period is the growing popularity of offline stores and increasing per capita income assures higher sales.
Global Ice Cream Industry Segmentation:
Breakup by Flavor:
- Vanilla
- Chocolate
- Fruit
- Others
Breakup by Product:
- Cup
- Stick
- Cone
- Brick
- Tub
- Others
Breakup by Category:
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Breakup By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Ice Cream Parlors
- Online Stores
- Others
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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