The latest report published by IMARC Group, titled “Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global ice cream market demand. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global ice cream market reached a value of US$ 68.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 89.8 Billion by 2027, exhibiting at a CAGR of 4.92% during 2022-2027.
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Ice cream is a milk-based frozen dessert that is a rich source of calcium, folate, thiamine, niacin, phosphorus, riboflavin, and vitamins A, C, D, E, K, B-6 and B-12. It commonly involves the use of cream, sugar, sweeteners, food colorings, butterfat, eggs, fruits, and artificial or natural flavorings in its preparation. Having a smooth and creamy texture, it is widely available in numerous flavors, including vanilla, chocolate, strawberry, butterscotch and chocolate chip and can be stored in a refrigerator over an extended period of time.
Global Ice Cream Market Trends and Drivers:
The global market is majorly driven by the increasing uptake of convenience foods, including ice creams, by the masses. This is supported by rapid urbanization, the inflating disposable income levels of individuals and their shifting dietary preferences. There has also been a rise in the preference for online food delivery services across the globe, which has facilitated the sales of desserts and beverages, such as cakes, waffles, milkshakes, sundaes, cold coffee and floats, wherein ice creams are used as an essential ingredient in the preparation.
The market is further driven by the introduction of numerous innovative flavors, such as mint chocolate, coffee, cheesecake and tiramisu, that are expected to cater to the diverse taste preferences of the customers.
Also Read Blog: Top Ice Cream Companies in World
Moreover, several key players have launched healthy low-fat and sugar-free variants in the market. They are also introducing lactose-free ice creams, which are gaining widespread preference among vegan and lactose-intolerant consumers.
In line with this, there has been a considerable rise in the demand for ice creams with natural and organic ingredients, which is also creating a positive outlook for the market. Some of the other factors contributing to the market growth include significant growth in the dairy industry and the escalating preference for premium ice creams among the masses.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
Global Ice Cream Market 2022-2027 Analysis and Segmentation:
Competitive Landscape With Key players:
- Inner Mongolia Yili Industrial Group
- General Mills
Our report has categorized the market based on flavor, category, product and distribution channel.
Market Breakup by Flavor:
Market Breakup by Category:
Amongst the categories mentioned above, impulse ice cream is expected to maintain its dominant position during the forecast period.
Market Breakup by Product:
At present, the majority of consumers prefer purchasing ice cream cups.
Market Breakup by Distribution Channel:
- Convenience Stores
- Ice Cream Parlors
- Online Stores
Market Breakup by Region:
- 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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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