Global Ice-Cream Market is Projected to Grow at a CAGR Over 3.5% Post 2023

Global Ice-Cream Market Information- by product-form (sticks, buckets, sundae, cones, floats and others), by flavors (chocolate, vanilla, strawberry, butter pecan, cookies and cream and others), by specialty-diet (reduced-fat, no-added sugar, gluten-free, lactose-free and others), by distribution channel (hypermarket and supermarket, convenience stores, retailers, specialty stores and others) and by Region Forecast to 2023

The increasing sale of ice-cream is driven by the changing consumer’s preference, increasing population and economic development. The innovation in flavors has raised the consumption of Ice-cream amongst various regions. The sale of healthy sugar-free, low fat Ice-cream is high amongst the population of health conscious people. High focus on research and development is the major reason for the increasing consumption of ice-cream and products all over the globe. Europe is one of the major markets for Ice-cream holding a lion’s share. The specialty diet segment of ice-cream is increasing at a higher rate.

Globally the Ice-cream market share as a frozen-dairy product is estimated to escalate at a higher growth rate which is supported by the rising consumption of low-calorie, natural and healthy products in the developed countries. The developing economic conditions of various regions are fueling up the market demand for ice-creams. The sundae and floats segment of Ice-cream are estimated to grow at a higher growth. The lactose-free segment of ice-cream is also projected to increase at a positive growth rate amongst the population of consumers having lactose-intolerance.

All these factors contribute to the calculated CAGR of 3.5% of ice-cream market during 2017-2023. 

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Consumption of sugar-free ice-cream is increasing at a steady rate. The consumption share of chocolate flavor ice-cream is high followed by vanilla flavor. The popularity of unconventional flavor is also increasing steadily which has increased the sale of frozen ice-creams amongst the population. People are more inclined towards consumption of ice-cream with high nutritional value. New innovations and high focus on R&D is raising the demand of the globally.  

Competitive analysis-

The major key players in ice-cream market are

  • Blue Bell Creameries (U.S.)
  • Nestlé S.A. (Switzerland)
  • Unilever (U.K.)
  • General Mills, Inc. (U.S.)
  • Mars, Incorporated (U.S.)
  • Amul (India)
  • Lotte Confectionery (South Korea)
  • Amy’s Ice Creams (U.S.)

Established players from North America and Europe are following strategies innovations in their-product line to expand their business in other regions due to increasing demand of Ice-cream in the frozen-dairy industries. They are mainly focused on increasing their supply to established industries that have high demand of frozen-desserts. In the Europe region, France and Italy are amongst the dominating countries for Ice-cream manufacture and exports the product in various other countries of Europe which include Netherlands, Spain, U.K., Belgium and Austria.

 

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The global ice-cream market is segmented under the following regions mentioned below:

North America

  • U.S.
  • Canada
  • Europe

Europe

  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • Rest of Europe

       Asia-Pacific

  • China
  • India
  • Australia
  • Thailand
  • Rest of Asia Pacific

       Rest of the world

  • Brazil
  • Argentina
  • Saudi Arabia
  • South Africa
  • Others

The report for global ice-cream market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

 

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