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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ice Cream Market Analysis by Region
Asia Pacific is a prominent region for ice creams due to the rising popularity of ice cream parlours
According to ice cream market analysis, investments in frozen foods, including frozen dairy products, in countries like China and the fast-gaining popularity of ice cream parlours in India support the growth of the market. Small regional brands and shops in the region are increasingly innovating ice creams inspired from the local flavours to expand their customer base. Wafer-thin ice cream called Thai Rolled Ice Cream, is popular in Southeast Asian countries like Thailand, Malaysia, Cambodia, and the Philippines, where it is frequently sold by street vendors.
In Europe regulations based on ice cream production ensure their high quality. For instance, Germany has stringent regulations dealing with various kinds of ice cream and their ingredients. For instance, milk ice cream must be 70% milk, ice cream must have 10% milk fat, and cream ice cream should consist of 50% milk and at least 270 grams of egg per litre. This further ensures the production of high-quality ice cream.
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 2023, 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 4.3% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 121.94 billion by 2032.
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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