Global Ice Cream Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Ice Cream Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Distribution Channel (Off-Trade (Convenience Stores, Online Retail, Specialist Retailers, Supermarkets and Hypermarkets, and Others (Warehouse clubs, gas stations, etc.)), and On-Trade), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Ice Cream Market was valued at USD 81,120.3 million in 2023 and is expected to reach USD 120,767.8 million by 2031 while growing at a CAGR of 5.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global ice cream market growth. Ice cream is a frozen dessert crafted from dairy products like milk and cream, blended with sweeteners and flavorings. The process involves churning or stirring to introduce air, creating a creamy and smooth texture. Available in diverse flavors, ice cream may also incorporate ingredients like fruits, nuts, chocolate, or other sweet additions.
Continuous innovation in flavors, textures, and formats, along with health and wellness trends, fuels the growth of the ice cream market. Despite this positive trajectory, obstacles such as health concerns and obesity awareness, as well as environmental sustainability concerns, stand as potential hindrances to market expansion.
Furthermore, the global ice cream industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Distribution Channel Analysis
The Global Ice Cream Market is segmented among Off-Trade, and On-Trade, based on Distribution Channel. In 2023, Off-Trade accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Ice Cream Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Blue Bell Creameries LP, Dairy Farmers of America Inc., Inner Mongolia Yili Industrial Group Co. Ltd, Lotte Corporation, Nestlé SA, Smith Foods Inc., Unilever PLC, and Wells Enterprises Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Ice Cream Market Dynamics
Drivers
Restraints
Opportunity
4. Global Ice Cream Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Ice Cream Market Segmentation, By Distribution Channel
Global Ice Cream Market Share Analysis, By Distribution Channel
Global Ice Cream Market Growth Analysis, By Distribution Channel
Global Ice Cream Market Trends, By Distribution Channel
o Off-Trade
Ø Convenience Stores
Ø Online Retail
Ø Specialist Retailers
Ø Supermarkets and Hypermarkets
Ø Others (Warehouse clubs, gas stations, etc.)
o On-Trade
6. Global Ice Cream Market Segmentation, By Region
Global Ice Cream Market Share Analysis, By Region
Global Ice Cream Market Growth Analysis, By Region
Global Ice Cream Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
7. Competitive Landscape
Blue Bell Creameries LP*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Dairy Farmers of America Inc
Inner Mongolia Yili Industrial Group Co. Ltd
Lotte Corporation
Nestlé SA
Smith Foods Inc.
Unilever PLC
Wells Enterprises Inc
*Similar analysis will be provided for each company listed above.