Ice Cream Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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Ice Cream Market Report Overview
The ice cream market size was $77.3 billion in 2022 and it is likely to grow at a CAGR of more than 12% from 2022 to 2027. An improvement in consumers’ purchasing power combined with a pent-up demand for indulgent treats will fuel the ice cream market growth during the forecast period.
The report further provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions — Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe — highlighting sector sizes, growth drivers, the latest developments, and future challenges for each region.
Ice Cream Market Outlook 2022-2027 (USD Billion)
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The ice cream market research report covers a comprehensive overview of consumption of various ice cream by category, for 2017-2027. To help market players understand future market opportunities, the report covers high-potential countries along with key growth-influencing factors such as economic development, governance, socio-demography, and technological infrastructure.
Market Size (2022) | $77.3 billion |
CAGR (2022-2027) | >12% |
Key Categories | · Impulse ice cream – single serve
· Take-home and bulk ice cream · Artisanal ice cream |
Key Regions | · Asia-Pacific
· Middle East and Africa · The Americas · Western Europe · Eastern Europe |
Key Distribution Channels | · Hypermarkets & Supermarkets
· Convenience Stores · Food & Drinks · E-retailers |
Key Packaging Materials | · Rigid Plastics
· Flexible Packaging · Paper & Board |
Leading Companies | · Unilever
· Froneri Lux Topco · Lotte · General Mills · Nestlé · Artisanal Producers |
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Ice Cream Market Segmentation by Category
The key categories in the ice cream market are impulse ice cream – single serve; take-home and bulk ice cream; and artisanal ice cream among others. In 2022, take-home and bulk ice cream accounted for the highest share of the overall ice cream market.
Ice Cream Market Analysis by Categories, 2022 (%)
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Ice Cream Market Segmentation by Regions
The key regions in the ice cream market are Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe. Americas was the highest revenue generator for the ice cream market in the world in 2022. The high-potential countries in the Americas region are Argentina, Brazil, Colombia, and Chile.
Ice Cream Market Analysis by Regions, 2022 (%)
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Ice Cream Market Segmentation by Distribution Channels
The key distribution channels in the ice cream market are hypermarkets & supermarkets, convenience stores, food & drinks, and e-retailers among others. Hypermarkets & supermarkets was the leading distribution channel in the ice cream sector in 2022. The Americas and Western Europe have a larger penetration of hypermarkets & supermarkets compared to other regions.
Ice Cream Market Analysis by Distribution Channels, 2022 (%)
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Ice Cream Market Segmentation by Packaging Material
The key packaging materials in the ice cream market are rigid plastics, flexible packaging, and paper & board. Flexible packaging held the highest market share in the ice cream market in 2022.
Ice Cream Market Analysis by Packaging Material, 2022 (%)
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Ice Cream Market – Competitive Landscape
The leading companies in the ice cream market are Unilever, Froneri Lux Topco, Lotte, General Mills, Nestlé, and Artisanal producers among others. In 2022, Unilever led the ice cream market share, followed by Froneri Lux Topco.
Ice Cream Market Analysis by Companies, 2022 (%)
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Segments Covered in the Report
Ice cream Market Category Outlook (Value, USD Billion, 2017-2027)
- Impulse ice cream – single serve
- Take-home and bulk ice cream
- Artisanal ice cream
Ice Cream Market Regional Outlook (Value, USD Billion, 2017-2027)
- Asia-Pacific
- Middle East and Africa
- The Americas
- Western Europe
- Eastern Europe
Ice Cream Market Distribution Channel Outlook (Value, USD Billion, 2017-2027)
- Hypermarkets & Supermarkets
- Convenience Stores
- Food & Drinks
- E-retailers
Ice cream Market Packaging Material Outlook (Value, USD Billion, 2017-2027)
- Rigid Plastics
- Flexible Packaging
- Paper & Board
Scope
Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector sizes, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.
Reasons to Buy
- The report offers latest information on how the market is evolving to help manufacturers and retailers formulate their sales and marketing strategies.
- There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the ice cream sector.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
- The report provides information about the market share and growth rates of leading brands in the sector to help one gain competitive intelligence.
Froneri Lux Topco
Lotte
General Mills
Nestlé
Yili
Gujarat Cooperative Milk Marketing Federation
Mihan Food Industries
Unilever
Domino Dairy & Ice Cream Co
Froneri Lux Topco
Solico
Unilever
Wells Enterprises
Blue Bell Creameries
Unilever
Mars
General Mills
Sammontana
Ledo
Yildiz
Food Union
Table of Contents
Table
Figures
Frequently asked questions
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What was the ice cream market size in 2022?
The ice cream market size was $77.3 billion in 2022.
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What is the expected ice cream market growth rate for the forecast period?
The ice cream market is expected to register a CAGR of more than 12% during 2022-2027.
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Which was the leading category in the ice cream market in 2022?
Take-home and bulk ice cream was the leading category in the ice cream market in 2022.
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Which was the leading distribution channel in the ice cream market in 2022?
Hypermarkets & supermarkets were the leading distribution channel in the ice cream market in 2022.
-
Which packaging material accounted for the highest share of the ice cream market in 2022?
The flexible packaging material accounted for the highest share of the ice cream market in 2022.
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Which are the leading companies in the ice cream market?
The leading companies in the ice cream market are Unilever, Froneri Lux Topco, Lotte, General Mills, Nestlé, and Artisanal Producers among others.
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