The latest report published by IMARC Group, titled “Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on ice cream market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global ice cream market size reached US$ 70.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.14% during 2023-2028.

What is Ice Cream?

Ice cream, a beloved frozen dessert, has become a ubiquitous treat enjoyed by people of all ages across the globe. It is crafted by blending and freezing a mixture of milk, cream, sweeteners, and flavorings, resulting in a delectable and creamy confection. The diversity of available flavors, ranging from classic vanilla and chocolate to innovative creations like salted caramel and exotic fruit medleys, caters to a wide array of palates. Ice cream is not only a culinary delight but also a social and cultural symbol, often associated with celebrations, leisure, and comfort. Its versatility allows it to be served in cones, cups, sundaes, and as a complement to various desserts, making it a cornerstone of the dessert industry.

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What are the growth prospects and trends in the ice cream industry?

The global ice cream market is influenced by a convergence of factors that reflect evolving consumer preferences and industry dynamics. An essential driver is the pursuit of indulgence and sensory experiences. Consumers seek ice cream as a source of enjoyment, making flavor innovation and premium ingredients pivotal in capturing their attention. Additionally, the rising trend of convenience and on-the-go consumption has prompted the development of single-serve packaging and portable formats, aligning with fast-paced lifestyles. Moreover, numerous companies are focusing on creating unique brand stories, collaborating with local artisans, and exploring partnerships with other food and beverage industries to introduce cross-category offerings.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Unilever
• Nestle
• Inner Mongolia Yili Industrial Group
• General Mills

Ice Cream Market Segmentation:

Our report has categorized the market based on region, flavor, category, product and distribution channel.

Flavor Insights:

• Vanilla
• Chocolate
• Fruit
• Others

Category Insights:

• Impulse Ice Cream
• Take-Home Ice Cream
• Artisanal Ice Cream

Product Insights:

• Cup
• Stick
• Cone
• Brick
• Tub
• Others

Distribution Channel Insights:

• Supermarkets/Hypermarkets
• Convenience Stores
• Ice Cream Parlors
• Online Stores
• Others

Regional Insights:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

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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