Global Ice Cream Market Outlook, 2029

The Global Ice Cream Market is segmented into By Product (Impulse Ice Cream, Artisanal Ice Cream, Take Home Ice Cream), By Flavour (Vanilla, Chocolate, Fruit, Tutti Frutti, Blends, Others), By Packaging (Sticks/Bars, Cones & Cups, Tubs & Bricks, Others), By Distribution Channel (Supermarkets And Hypermarkets, Convenience Stores, Ice cream Parlour, Online Sales Channel, Others).

The Global Ice Cream market is anticipated to cross USD 115 Billion by 2029 due to introduction of innovative flavors

Ice Cream Market Market Analysis

Ice cream, a delightful frozen treat that transcends age and culture, has been captivating taste buds for centuries. From its humble beginnings as a simple mixture of snow and fruit juices in ancient China to the myriad of flavors and textures we enjoy today, ice cream has evolved into a global phenomenon. The origins of ice cream can be traced back to ancient China, where a mixture of snow, honey, and fruit juices was enjoyed as a refreshing treat. As the concept spread through trade routes, it reached Persia, where people began to flavor their iced treats with various spices and fruits. Eventually, this frozen delight made its way to Europe, where it underwent further transformations to become the creamy dessert we recognize today. In the 17th century, Italian chefs mastered the art of making gelato, a smoother and denser version of ice cream, by incorporating milk and cream into the mixture. The secret to the creamy texture was discovered when the mixture was continuously stirred while freezing, preventing the formation of ice crystals. This technique laid the foundation for modern ice cream production. At its core, ice cream is a delicate balance of fat, sugar, and air. The base typically consists of cream, milk, sugar, and sometimes egg yolks. The fat content contributes to the richness, while sugar controls the freezing point, preventing the formation of large ice crystals. The incorporation of air during the freezing process gives ice cream its smooth and velvety texture. Modern technology has allowed for the creation of countless flavors and textures. From classic vanilla and chocolate to exotic options like lavender honey or balsamic strawberry, the possibilities are endless. Additionally, alternative bases like coconut milk and almond milk cater to those with dietary restrictions, ensuring that everyone can indulge in the frozen pleasure of ice cream. Ice cream parlors around the world have become laboratories of creativity, with chefs experimenting with unique and unexpected flavor combinations. The familiar vanilla, chocolate, and strawberry trio has expanded to include exotic options like matcha green tea, black sesame, and cardamom rose. Savory flavors, such as bacon or olive oil, challenge traditional notions of sweetness and provide a delightful twist to the ice cream experience. Innovative toppings, ranging from artisanal caramel sauces to chunks of cookie dough and even edible flowers, further enhance the sensory experience. The versatility of ice cream extends beyond the cone, with sundaes, floats, and milkshakes offering endless possibilities for customization. According to the research report, “Global Ice Cream Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 115 Billion by 2029, increasing from USD 88.34 Billion in 2023. The market is expected to grow with 5.29% CAGR by 2024-29. The ice cream industry, a frozen empire built on innovation and timeless indulgence, stands as a testament to the enduring appeal of this beloved treat. From the iconic ice cream parlors of yesteryears to the modern artisanal creations, the industry has witnessed a constant evolution, adapting to changing consumer preferences and culinary trends. The ice cream industry is characterized by a diverse array of players, ranging from multinational giants like Unilever and Nestlé to artisanal producers and local creameries. The market has witnessed a shift towards premium and artisanal products, with consumers showing a growing interest in high-quality ingredients, unique flavors, and sustainable practices. Innovation has become a driving force in the industry, with companies experimenting with flavors, textures, and even alternative bases like plant-based options to cater to changing dietary preferences. The rise of niche markets, such as lactose-free, gluten-free, and low-sugar ice creams, reflects the industry's adaptability to consumer demands for healthier alternatives without compromising on taste. As the ice cream industry continues to evolve, the future looks promising and flavorful. Advancements in technology, such as cold storage and transportation, allow for greater global accessibility. The demand for unique and premium flavors, as well as healthier options, is likely to drive further innovation. Local, artisanal producers are thriving in a market that values authenticity and craftsmanship. Social media plays a significant role in shaping trends, with visually appealing and shareable creations gaining popularity. Customization and personalization, whether through made-to-order ice cream or interactive in-store experiences, are becoming key strategies for engaging consumers in an increasingly competitive market.

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Market Dynamic

Market DriversFlavor Innovation and Premiumization: One of the primary drivers propelling the global ice cream market is the continuous innovation in flavors and the trend towards premiumization. Ice cream manufacturers are constantly exploring unique and exotic flavor profiles to cater to changing consumer preferences. From unconventional combinations such as lavender-honey or chili-infused chocolate to premium ingredients like Madagascar vanilla or Belgian chocolate, flavor innovation drives consumer interest and creates a sense of exclusivity. This driver stimulates market growth by attracting consumers seeking new taste experiences. Premiumization, in particular, allows for higher profit margins as consumers are willing to pay more for artisanal, high-quality ice cream products. • Health and Wellness Trends: The increasing focus on health and wellness is steering the global ice cream market towards healthier alternatives. With a growing awareness of dietary choices and nutritional considerations, there is a rising demand for low-sugar, low-fat, and even plant-based ice cream options. Manufacturers are responding by introducing innovative formulations using ingredients like coconut milk, almond milk, or natural sweeteners to create healthier frozen treats. Market ChallengesHealth Concerns and Obesity Issues: A significant challenge facing the global ice cream market is the increasing awareness of health issues related to high sugar and fat content in traditional ice cream products. Consumers are becoming more health-conscious, leading to a shift in preferences towards healthier alternatives or reduced consumption. This poses a challenge for traditional ice cream manufacturers to adapt their formulations to align with healthier lifestyles. • Supply Chain Disruptions: The ice cream industry, like many others, faces challenges related to supply chain disruptions. Fluctuations in the prices of key ingredients such as milk, sugar, and cocoa, as well as challenges in logistics and transportation, can impact production costs and the overall stability of the supply chain. Climate change and extreme weather events can also affect the availability and quality of ingredients. Supply chain disruptions can lead to increased production costs, affecting profit margins and potentially limiting the availability of certain products in the market. Adapting to these challenges requires robust supply chain management strategies. Market TrendsPlant-Based and Dairy-Free Options: The rising popularity of plant-based diets and increased lactose intolerance awareness has fueled the growth of plant-based and dairy-free ice cream alternatives. Manufacturers are introducing innovative formulations using ingredients like coconut, almond, soy, or oat milk to create creamy, dairy-free options. This trend caters to a growing segment of the population seeking plant-based alternatives without compromising on taste and texture. • E-Commerce and Direct-to-Consumer Sales: The rise of e-commerce and direct-to-consumer sales channels is transforming the way ice cream is distributed and consumed. Consumers can now order their favorite ice cream products online and have them delivered directly to their doorstep. This trend is driven by the convenience of online shopping, especially in a post-pandemic landscape where digital interactions have become more prevalent. E-commerce and direct-to-consumer sales provide ice cream companies with new avenues for reaching consumers, creating personalized experiences, and gaining valuable insights into consumer preferences. Covid-19 Impacts The global ice cream market, like many other industries, faced significant impacts from the COVID-19 pandemic. The initial phases of lockdowns and restrictions led to disruptions in the supply chain, affecting the production and distribution of ice cream products. Closure of restaurants, cafes, and ice cream parlors, coupled with reduced foot traffic in retail outlets, resulted in a sharp decline in sales. Consumer priorities shifted towards essential goods, impacting the demand for indulgent treats. However, as lockdowns eased, there was a noticeable surge in demand for comfort foods, including ice cream, as people sought moments of joy and familiarity during uncertain times. The pandemic also accelerated certain trends within the industry, such as the rise of e-commerce for ice cream sales and increased focus on health-conscious offerings. Manufacturers responded with innovative packaging solutions, online promotions, and new product developments to adapt to the changing consumer landscape. While the industry experienced challenges, the enduring appeal of ice cream as a source of comfort and delight ultimately contributed to its resilience and gradual recovery in a post-pandemic era.

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Ice Cream Market Segmentation

By Product Impulse Ice Cream
Artisanal Ice Cream
Take Home Ice Cream
By Flavor Vanilla
Chocolate
Fruit
Tutti Frutti
Blends
Others
By Packaging Sticks/Bars
Cones & Cups
Tubs & Bricks
Others
By Distribution Channel Supermarkets And Hypermarkets
Convenience Stores
Ice cream Parlor
Online Sales Channel
Others
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
South Korea
South AmericaBrazil
Argentina
Colombia
MEAUnited Arab Emirates
Saudi Arabia
South Africa

In 2023, the take-home segment accounted for the highest share projected because of increased disposable income, the introduction of new flavors from the manufacturers, and increased consumption of ice-cream as a snack option boosts the market for ice cream products. The COVID-19 pandemic accelerated the shift towards at-home consumption, with lockdowns and restrictions limiting outdoor activities and dining out. Consumers turned to take-home ice cream as a convenient and comforting treat that could be enjoyed in the safety and comfort of their homes. The increased focus on at-home indulgence has been a major driver for the growth of the take-home ice cream segment. Take-home ice cream offers unparalleled convenience. Consumers can stock up on their favorite flavors, allowing for spontaneous indulgence whenever the craving strikes. This convenience factor has become increasingly important as busy lifestyles and the desire for instant gratification drive consumers towards products that provide easy access to enjoyment. The take-home ice cream segment often boasts a wide array of flavors and formats, allowing consumers to personalize their frozen dessert experience. This variety and personalization contribute to the segment's popularity. As consumers become more health-conscious, the take-home ice cream segment has adapted by offering a range of options, including low-sugar, low-fat, and dairy-free alternatives. This aligns with the growing trend of seeking healthier frozen dessert options, allowing consumers to make choices that suit their dietary preferences and restrictions while still indulging in the pleasure of ice cream. The rise of e-commerce and online grocery shopping has further propelled the take-home ice cream segment. Consumers can conveniently order their favorite ice cream products online and have them delivered directly to their doorstep. This trend gained momentum during the pandemic and is expected to persist as consumers continue to embrace the convenience of digital platforms. The cups & tubs segment held the largest revenue share owing to the growing preference for ice cream as a daily post-meal dessert is expected to fuel the product demand. Cup ice cream is a popular and convenient option among consumers. It is typically sold in single-serving containers, making it easy for individuals to enjoy their favorite flavors without the need for additional serving utensils. Cup ice cream appeals to on-the-go consumers who value portability and portion control. Companies have leveraged this segment by offering a wide variety of flavors, including classic options and innovative combinations. Additionally, single-serving cups allow for easy customization, such as incorporating mix-ins or toppings. Cup ice cream has also seen growth in the premium and artisanal segments, with brands emphasizing high-quality ingredients and unique flavor profiles. Cup is known as the most popular type of product serving as it is a neat, clean, and easy-to-store option. Hence, it is the most convenient way of serving. The majority of consumers prefer cups due to convenience. However, serving in cups requires a spoon to eat, and disposal is a problem, so the demand for cones is predicted to increase in the forthcoming years as there is no necessity to have a spoon, and they are consumed along with the product, adding a crunchy texture to the product. Moreover, tub ice cream is often associated with sharing and indulgence. It comes in larger containers, ranging from pints to gallons, making it suitable for gatherings and extended enjoyment. This segment offers a diverse array of flavors, including traditional favorites, as well as innovative and exotic options. Tubs provide ample room for mix-ins, swirls, and layers, enhancing the overall ice cream experience. Moreover, tub ice cream has seen an increase in demand for premium and artisanal varieties, where quality ingredients and unique flavor combinations take center stage. Sustainable packaging solutions have also gained prominence in this segment, reflecting growing consumer awareness about environmental concerns. Tub ice cream remains a staple in households, offering a versatile option for various occasions and preferences. On the basis of distribution channel, Supermarkets & hypermarkets are major distribution channels for ice cream products as they offer a wide variety of ice cream brands, flavors, and formats in their frozen food sections. Consumers appreciate the convenience of shopping for ice cream while doing their regular grocery shopping. Supermarkets often run promotions and discounts, attracting price-conscious consumers. Effective packaging, branding, and promotional strategies are vital to stand out on supermarket shelves. Supermarkets are substantial contributors to ice cream sales. These larger retail outlets provide even more extensive product selections and often have dedicated sections for frozen desserts. Hypermarkets offer consumers a one-stop shopping experience, making it convenient to purchase ice cream along with other groceries and household items. Ice cream brands can benefit from bulk sales opportunities in hypermarkets. Marketing efforts, such as in-store displays and promotions, are essential to attract consumers in these vast retail spaces. However, the rise of e-commerce has opened up new opportunities in the ice cream market. Online stores enable consumers to purchase ice cream products from the comfort of their homes, addressing convenience and accessibility. Brands can expand their reach to a global audience through online sales. However, the challenge lies in maintaining product quality during delivery and ensuring that ice cream arrives in a frozen state. Robust packaging and a reliable cold chain logistics network are essential for success in this channel. Online stores also provide a platform for brands to engage with consumers directly, gather feedback, and tailor product offerings to meet evolving preferences. The persistent increase in mobile adoption and broadband penetration, especially in emerging economies, has helped boost online sales. Ordering online for home delivery is the normally preferred flexible buying option across the globe. Henceforth, hyper/supermarket owners are introducing e-commerce models that make it even easier for tech-savvy, time-crunched consumers to get the items they need. There is a great potential for online merchants that offer consumers a wide variety of good-for-you foods and provide guidance for customers aspiring to healthier lives. But, the obvious in-store benefits of fulfilling immediate shopping needs without paying shipping fees and powerful sensory experiences, such as feeling the vibrant color and texture of the product, which is virtually impossible to replicate online, are expected to support steady growth of hyper/supermarkets.

Ice Cream Market Market Regional Insights

The Asia Pacific made the largest contribution to the global market with higher revenue share in 2023, as the region has been witnessing high demand, especially from young consumers. Key manufacturers have been introducing a range of products to cater to the increasing preference for premium products. The Asia-Pacific region is home to a massive and diverse population, representing a significant consumer base. With a large and youthful demographic, there is a substantial demand for indulgent and convenient treats like ice cream. The sheer size of the market provides ample opportunities for growth and market penetration. Economic growth in many countries within the Asia-Pacific region has led to an increase in disposable income. As people's purchasing power rises, there is a greater capacity to spend on discretionary items, including premium and indulgent food products like high-quality ice cream. The growing middle class is particularly influential in driving the demand for premium ice cream offerings. Urbanization and changing lifestyles in the Asia-Pacific region have contributed to a shift in consumer behavior. With urbanization come busier schedules, a desire for convenience, and a preference for on-the-go food options. Ice cream, especially in convenient formats like handheld novelties and single-serving cups, aligns well with the demands of modern urban lifestyles. Ice cream has become deeply ingrained in the food culture of many Asian countries. Traditional frozen treats, such as Japan's mochi ice cream or Thailand's coconut milk-based ice cream, have been embraced alongside international flavors. The cultural significance of ice cream as a celebratory and enjoyable dessert contributes to its widespread popularity across the region. The Asia-Pacific ice cream market is characterized by a rich tapestry of flavors and innovative formats. Local and international manufacturers introduce unique and exotic flavors, catering to diverse taste preferences. This constant innovation and variety appeal to consumers seeking novel and exciting ice cream experiences. As health and wellness awareness rises globally, the Asia-Pacific market has witnessed a surge in demand for healthier ice cream options. Manufacturers respond by offering products with reduced sugar, lower fat content, and even plant-based alternatives, aligning with changing consumer preferences for better-for-you frozen treats. The increasing penetration of e-commerce and online grocery shopping in the Asia-Pacific region has facilitated easier access to ice cream products. Consumers can conveniently order a wide range of ice cream varieties online, contributing to the segment's growth. The digitalization of retail channels has opened up new avenues for reaching consumers.

Key Development

• June 12, 2023: Häagen-Dazs, a brand under the General Mills umbrella, is embarking on an exciting venture with the introduction of Häagen-Dazs Cultured Crème. This innovative creation draws inspiration from the sumptuous taste and luxurious texture that Häagen-Dazs ice cream is renowned for. Cultured Crème represents a unique fusion of flavors and textures, providing a fresh perspective for discerning consumers who appreciate the delights of both yogurt and ice cream in a single snack. • October 2022: Unilever partnered with ASAP for the delivery of its ice cream products. As per the partnership, ASAP will also deliver ice cream and treats from Unilever's virtual storefront, The Ice Cream Shop. • October 2022: Kemps replaced Dean Goods throughout Iowa as Dairy Farmers of America completed the USD 433 million acquisitions of Dean Food’s properties. The business took over the Le Mars milk factory, which can process numerous Kemps products, from cottage cheese to ice cream. • October 2022: Blue Ribbon's Street range launched three new two-liter tubs, each featuring two flavors. The range includes chocolate affair, caramel hokey pokey, and velvety caramel. • March 2022: Yuengling’s Corporation, an American ice-cream manufacturing company, acquired Revolution Desserts, LLC, an Atlanta-based ice cream manufacturing company that owns Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo Creamery brands. Revolution Desserts operates in more than 600 retail stores nationwide.

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Companies Mentioned

  • Heritage Foods Limited
  • Mars Incorporated
  • Meiji Holdings Co., Limited
  • Nestle SA
  • Vadilal Industries Limited
  • Unilever
  • General mills Inc.
  • Ferrero SPA
  • Group Arcor
  • Mondelez International
  • Danone SA
  • (AMUL) the Gujarat Co-operative Milk Marketing Federation
  • United Biscuits (UK) Limited Co. (Pladis global)
  • Caldic B.V.
  • Froneri International Limited
  • Lotte Corporation
  • MTY Food Group Inc.
  • Inspire Brands LLC
  • Parmalat S.p.A.
  • Mother Dairy
Company mentioned

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Ice Cream Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Product
  • 6.5. Market Size and Forecast, By Flavour
  • 6.6. Market Size and Forecast, By Packaging
  • 6.7. Market Size and Forecast, By Distribution Channel
  • 7. North America Ice Cream Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Product
  • 7.4. Market Size and Forecast, By Flavour
  • 7.5. Market Size and Forecast, By Packaging
  • 7.6. Market Size and Forecast, By Distribution Channel
  • 7.7. United States Ice Cream Market Outlook
  • 7.7.1. Market Size By Value
  • 7.7.2. Market Size and Forecast By Product
  • 7.7.3. Market Size and Forecast By Flavour
  • 7.7.4. Market Size and Forecast By Packaging
  • 7.7.5. Market Size and Forecast By Distribution Channel
  • 7.8. Canada Ice Cream Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Product
  • 7.8.3. Market Size and Forecast By Flavour
  • 7.8.4. Market Size and Forecast By Packaging
  • 7.8.5. Market Size and Forecast By Distribution Channel
  • 7.9. Mexico Ice Cream Market Outlook
  • 7.9.1. Market Size By Value
  • 7.9.2. Market Size and Forecast By Product
  • 7.9.3. Market Size and Forecast By Flavour
  • 7.9.4. Market Size and Forecast By Packaging
  • 7.9.5. Market Size and Forecast By Distribution Channel
  • 8. Europe Ice Cream Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Product
  • 8.4. Market Size and Forecast, By Flavour
  • 8.5. Market Size and Forecast, By Packaging
  • 8.6. Market Size and Forecast, By Distribution Channel
  • 8.7. Germany Ice Cream Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Size and Forecast By Product
  • 8.7.3. Market Size and Forecast By Flavour
  • 8.7.4. Market Size and Forecast By Packaging
  • 8.7.5. Market Size and Forecast By Distribution Channel
  • 8.8. United Kingdom Ice Cream Market Outlook
  • 8.8.1. Market Size By Value
  • 8.8.2. Market Size and Forecast By Product
  • 8.8.3. Market Size and Forecast By Flavour
  • 8.8.4. Market Size and Forecast By Packaging
  • 8.8.5. Market Size and Forecast By Distribution Channel
  • 8.9. France Ice Cream Market Outlook
  • 8.9.1. Market Size By Value
  • 8.9.2. Market Size and Forecast By Product
  • 8.9.3. Market Size and Forecast By Flavour
  • 8.9.4. Market Size and Forecast By Packaging
  • 8.9.5. Market Size and Forecast By Distribution Channel
  • 8.10. Italy Ice Cream Market Outlook
  • 8.10.1. Market Size By Value
  • 8.10.2. Market Size and Forecast By Product
  • 8.10.3. Market Size and Forecast By Flavour
  • 8.10.4. Market Size and Forecast By Packaging
  • 8.10.5. Market Size and Forecast By Distribution Channel
  • 8.11. Spain Ice Cream Market Outlook
  • 8.11.1. Market Size By Value
  • 8.11.2. Market Size and Forecast By Product
  • 8.11.3. Market Size and Forecast By Flavour
  • 8.11.4. Market Size and Forecast By Packaging
  • 8.11.5. Market Size and Forecast By Distribution Channel
  • 8.12. Russia Ice Cream Market Outlook
  • 8.12.1. Market Size By Value
  • 8.12.2. Market Size and Forecast By Product
  • 8.12.3. Market Size and Forecast By Flavour
  • 8.12.4. Market Size and Forecast By Packaging
  • 8.12.5. Market Size and Forecast By Distribution Channel
  • 9. Asia-Pacific Ice Cream Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Product
  • 9.4. Market Size and Forecast, By Flavour
  • 9.5. Market Size and Forecast, By Packaging
  • 9.6. Market Size and Forecast, By Distribution Channel
  • 9.7. China Ice Cream Market Outlook
  • 9.7.1. Market Size By Value
  • 9.7.2. Market Size and Forecast By Product
  • 9.7.3. Market Size and Forecast By Flavour
  • 9.7.4. Market Size and Forecast By Packaging
  • 9.7.5. Market Size and Forecast By Distribution Channel
  • 9.8. Japan Ice Cream Market Outlook
  • 9.8.1. Market Size By Value
  • 9.8.2. Market Size and Forecast By Product
  • 9.8.3. Market Size and Forecast By Flavour
  • 9.8.4. Market Size and Forecast By Packaging
  • 9.8.5. Market Size and Forecast By Distribution Channel
  • 9.9. India Ice Cream Market Outlook
  • 9.9.1. Market Size By Value
  • 9.9.2. Market Size and Forecast By Product
  • 9.9.3. Market Size and Forecast By Flavour
  • 9.9.4. Market Size and Forecast By Packaging
  • 9.9.5. Market Size and Forecast By Distribution Channel
  • 9.10. Australia Ice Cream Market Outlook
  • 9.10.1. Market Size By Value
  • 9.10.2. Market Size and Forecast By Product
  • 9.10.3. Market Size and Forecast By Flavour
  • 9.10.4. Market Size and Forecast By Packaging
  • 9.10.5. Market Size and Forecast By Distribution Channel
  • 9.11. South Korea Ice Cream Market Outlook
  • 9.11.1. Market Size By Value
  • 9.11.2. Market Size and Forecast By Product
  • 9.11.3. Market Size and Forecast By Flavour
  • 9.11.4. Market Size and Forecast By Packaging
  • 9.11.5. Market Size and Forecast By Distribution Channel
  • 10. South America Ice Cream Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Product
  • 10.4. Market Size and Forecast, By Flavour
  • 10.5. Market Size and Forecast, By Packaging
  • 10.6. Market Size and Forecast, By Distribution Channel
  • 10.7. Brazil Ice Cream Market Outlook
  • 10.7.1. Market Size By Value
  • 10.7.2. Market Size and Forecast By Product
  • 10.7.3. Market Size and Forecast By Flavour
  • 10.7.4. Market Size and Forecast By Packaging
  • 10.7.5. Market Size and Forecast By Distribution Channel
  • 10.8. Argentina Ice Cream Market Outlook
  • 10.8.1. Market Size By Value
  • 10.8.2. Market Size and Forecast By Product
  • 10.8.3. Market Size and Forecast By Flavour
  • 10.8.4. Market Size and Forecast By Packaging
  • 10.8.5. Market Size and Forecast By Distribution Channel
  • 10.9. Columbia Ice Cream Market Outlook
  • 10.9.1. Market Size By Value
  • 10.9.2. Market Size and Forecast By Product
  • 10.9.3. Market Size and Forecast By Flavour
  • 10.9.4. Market Size and Forecast By Packaging
  • 10.9.5. Market Size and Forecast By Distribution Channel
  • 11. Middle East & Africa Ice Cream Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Product
  • 11.4. Market Size and Forecast, By Flavour
  • 11.5. Market Size and Forecast, By Packaging
  • 11.6. Market Size and Forecast, By Distribution Channel
  • 11.7. UAE Ice Cream Market Outlook
  • 11.7.1. Market Size By Value
  • 11.7.2. Market Size and Forecast By Product
  • 11.7.3. Market Size and Forecast By Flavour
  • 11.7.4. Market Size and Forecast By Packaging
  • 11.7.5. Market Size and Forecast By Distribution Channel
  • 11.8. Saudi Arabia Ice Cream Market Outlook
  • 11.8.1. Market Size By Value
  • 11.8.2. Market Size and Forecast By Product
  • 11.8.3. Market Size and Forecast By Flavour
  • 11.8.4. Market Size and Forecast By Packaging
  • 11.8.5. Market Size and Forecast By Distribution Channel
  • 11.9. South Africa Ice Cream Market Outlook
  • 11.9.1. Market Size By Value
  • 11.9.2. Market Size and Forecast By Product
  • 11.9.3. Market Size and Forecast By Flavour
  • 11.9.4. Market Size and Forecast By Packaging
  • 11.9.5. Market Size and Forecast By Distribution Channel
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Unilever Plc
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. General Mills, Inc.
  • 12.6.3. Froneri International Limited
  • 12.6.4. Mondelez International, Inc.
  • 12.6.5. Nestle SA
  • 12.6.6. Ferrero SpA
  • 12.6.7. Lotte Corporation
  • 12.6.8. MTY Food Group Inc.
  • 12.6.9. Mars Incorporated
  • 12.6.10. Blue Bell Creameries
  • 12.6.11. Inspire Brands LLC
  • 12.6.12. Vadilal Industries
  • 12.6.13. Danone S.A
  • 12.6.14. Gujarat Cooperative Milk Marketing Federation Limited
  • 12.6.15. Heritage Foods Limited
  • 12.6.16. Grupo Arcor
  • 12.6.17. Parmalat S.p.A.
  • 12.6.18. Dairy Farmers of America
  • 12.6.19. Mother Dairy
  • 12.6.20. Meiji Holdings Company, Ltd.
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

List of Table
Table 1: Global Ice Cream Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Ice Cream Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Ice Cream Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 8: Global Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 9: Global Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 10: Global Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 11: North America Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 12: North America Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 13: North America Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 14: North America Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 15: United States Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 16: United States Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 17: United States Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 18: United States Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 19: Canada Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 20: Canada Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 21: Canada Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 22: Canada Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 23: Mexico Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 24: Mexico Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 25: Mexico Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 26: Mexico Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 27: Europe Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 28: Europe Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 29: Europe Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 30: Europe Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 31: Germany Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 32: Germany Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 33: Germany Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 34: Germany Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 35: United Kingdom Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 36: United Kingdom Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 37: United Kingdom Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 38: United Kingdom Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 39: France Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 40: France Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 41: France Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 42: France Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 43: Italy Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 44: Italy Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 45: Italy Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 46: Italy Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 47: Spain Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 48: Spain Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 49: Spain Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 50: Spain Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 51: Russia Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 52: Russia Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 53: Russia Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 54: Russia Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 55: Asia-Pacific Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 56: Asia-Pacific Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 57: Asia-Pacific Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 58: Asia-Pacific Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 59: China Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 60: China Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 61: China Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 62: China Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 63: Japan Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 64: Japan Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 65: Japan Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 66: Japan Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 67: India Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 68: India Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 69: India Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 70: India Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 71: Australia Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 72: Australia Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 73: Australia Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 74: Australia Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 75: South Korea Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 76: South Korea Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 77: South Korea Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 78: South Korea Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 79: South America Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 80: South America Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 81: South America Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 82: South America Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 83: Brazil Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 84: Brazil Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 85: Brazil Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 86: Brazil Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 87: Argentina Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 88: Argentina Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 89: Argentina Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 90: Argentina Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 91: Colombia Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 92: Colombia Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 93: Colombia Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 94: Colombia Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 95: Middle East & Africa Ice Cream Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 96: Middle East & Africa Ice Cream Market Size and Forecast, By Flavour (2018 to 2029F) (In USD Billion)
Table 97: Middle East & Africa Ice Cream Market Size and Forecast, By Packaging (2018 to 2029F) (In USD Billion)
Table 98: Middle East & Africa Ice Cream Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 99: United Arab Emirates Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 100: United Arab Emirates Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 101: United Arab Emirates Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 102: United Arab Emirates Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 103: Saudi Arabia Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 104: Saudi Arabia Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 105: Saudi Arabia Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 106: Saudi Arabia Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 107: South Africa Ice Cream Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 108: South Africa Ice Cream Market Size and Forecast By Flavour (2018 to 2029F) (In USD Billion)
Table 109: South Africa Ice Cream Market Size and Forecast By Packaging (2018 to 2029F) (In USD Billion)
Table 110: South Africa Ice Cream Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)

List of Figures
Figure 1: Global Ice Cream Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Ice Cream Market Share By Region (2023)
Figure 6: North America Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Ice Cream Market Share By Country (2023)
Figure 8: US Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Europe Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Europe Ice Cream Market Share By Country (2023)
Figure 13: Germany Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: UK Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: France Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 16: Italy Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 17: Spain Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 18: Russia Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 19: Asia-Pacific Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 20: Asia-Pacific Ice Cream Market Share By Country (2023)
Figure 21: China Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 22: Japan Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 23: India Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 24: Australia Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 25: South Korea Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 26: South America Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 27: South America Ice Cream Market Share By Country (2023)
Figure 28: Brazil Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 29: Argentina Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 30: Columbia Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 31: Middle East & Africa Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 32: Middle East & Africa Ice Cream Market Share By Country (2023)
Figure 33: UAE Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 34: Saudi Arabia Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 35: South Africa Ice Cream Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 36: Competitive Dashboard of top 5 players, 2023
Figure 37: Market Share insights of key players, 2023
Figure 38: Porter's Five Forces of Global Ice Cream Market

Ice Cream Market Market Research FAQs

Key drivers of growth in the global ice cream market include flavor innovation, premiumization, rising disposable incomes, health-conscious consumer trends, and the popularity of convenient and indulgent treats. Factors such as globalization, urbanization, and the cultural significance of ice cream also contribute to market expansion.

The COVID-19 pandemic initially led to disruptions in the ice cream market due to supply chain challenges, closure of foodservice outlets, and changes in consumer behavior. However, as restrictions eased, there was a surge in at-home consumption, contributing to a recovery in sales. The pandemic also accelerated trends like e-commerce and a focus on health and wellness.

Emerging trends in the global ice cream market include the rise of plant-based and dairy-free options, the focus on health and wellness with functional and nutrient-enriched products, the growth of e-commerce and direct-to-consumer sales, and the popularity of experiential and novelty ice cream products. Sustainability concerns and innovative flavors continue to shape the industry.

Ice cream manufacturers are increasingly adopting sustainable practices, including eco-friendly packaging, responsibly sourced ingredients, and efforts to reduce carbon footprints. Sustainable and ethical practices are becoming essential for brands to align with consumer values and minimize their environmental impact.

Challenges include health concerns and the demand for healthier alternatives, supply chain disruptions affecting ingredient costs and availability, intense market competition, and the need to address environmental sustainability.

Health and wellness trends are influencing ice cream products by driving demand for low-sugar, low-fat, and plant-based alternatives. Manufacturers are responding by formulating products with functional ingredients, offering healthier options without compromising taste.
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Global Ice Cream Market Outlook, 2029

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