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Report Overview
The global ice cream market size attained a value of USD 83.24 Billion in 2024. The market is expected to grow at a CAGR of 4.30% between 2025 and 2034, reaching almost USD 126.82 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
-
In the USA, ice cream makers churned out around 1.38 billion gallons of ice cream in 2022, with families positioned as the primary customers for ice cream retailers.
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The world consumes around 15 billion litres of ice cream annually.
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In 2022, the European Union produced 3.2 billion litres of ice cream, an increase of 5% over 2021.
Ice Cream Market Competitive Landscape
Market players compete to offer high-quality products at different price points for each type of consumer.
| Company Name | Year Founded | Headquarters | Products/Services |
| Unilever plc | 1872 | London, United Kingdom | Ice cream brands: Wall’s, Ben & Jerry’s, and Magnum. Others: Soaps, shampoos, and everyday household care products, etc. |
| General Mills, Inc. | 1928 | Minnesota, United States | Ice cream brands: Häagen-Dazs Others: Snacks, nutrition bars, frozen hot snacks, wholesome natural pet food, etc. |
| Ashby's Ice Cream | 1984 | Michigan, United States | Ice cream, sherbet, sorbet, yogurt, and no-sugar-added/low-fat ice cream, etc. |
| Tillamook County Creamery Association | 1909 | Oregon, United States | Ice cream, cheese, yoghurt, cream cheese spread, sour cream, and butter. |
Other key players in the ice cream market include Gujarat Cooperative Milk Marketing Federation Limited (Amul), Turkey Hill Dairy, HP Hood, LLC, Wells Enterprises, Inc, Dairy Farmers of America, Inc., Nestlé S.A., Lotte Confectionary Co, Ltd, The Kroger Company, Meiji Holdings Co, Ltd, and Danone S.A., among others.
Ice Cream Market Report Snapshots
Ice Cream Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global ice cream market attained a value of nearly USD 83.24 Billion.
The ice cream market is expected to grow at a CAGR of 4.30% between 2025 and 2034.
The market is estimated to witness healthy growth during 2025-2034 to reach around USD 126.82 Billion by 2034.
Commercially-produced vegan ice creams are produced from plant-based ingredients, such as soy, almond, coconut, or rice milk.
The major drivers of the market, such as its inclusion in numerous desserts and beverages, an expansion of ice cream parlours, and the proliferation of online food delivery services, are expected to aid the market growth.
The key trends propelling the market growth include rising demand for healthier ice creams, the wide availability of ice creams, and the expansion of the food service sector are driving the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on sales channels, the market can be segmented into supermarkets and hypermarkets, convenience stores, ice cream parlours, hotels and restaurants, and online, among others.
The major players in the market are Unilever plc, General Mills, Inc., Ashby's Ice Cream, Tillamook County Creamery Association, Gujarat Cooperative Milk Marketing Federation Limited (Amul), Turkey Hill Dairy, HP Hood, LLC, Wells Enterprises, Inc., Dairy Farmers of America, Inc., Nestlé S.A., Lotte Confectionary Co, Ltd, The Kroger Company, Meiji Holdings Co, Ltd, and Danone S.A., among others.
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