Ice Cream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The global ice cream market is segmented by Type (Impulse Ice Cream, Take-home Ice Cream and Artisanal Ice Cream), Category (Dairy and Non-dairy), Distribution Channel (Supermarket/Hypermarket, Convenience stores, Specialist Stores and Others) and Geography

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

4.9 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The global ice cream market is projected to grow at a CAGR of 4.9% during the forecast period (2020 - 2025).

  • The rise in income, along with an increase in demand for sweet dishes, drives the growth of this market.
  • Whereas, the new innovative flavors that companies have come up with, act as a major driver for the market. Also, the cheaper price of the private label ice-creams is increasing the demand.
  • The sales of low-quality ice cream have been declining, due to the increased preference for premium ice cream. Few of those premium ice creams have gained popularity among health-conscious consumers due to the presence of low calorie/no sugar claims compared to regular ice creams. In 2018, Ben & Jerry's launched ice cream with 60-70% less fat and 35% fewer calories than its traditional ice creams.

Scope of the Report

The market has been segmented on the basis of product type, category, and distribution channel. By product type, the market is segmented as impulse ice cream, take-home ice cream, and artisanal ice cream. By distribution channel, the market is segmented as supermarket/hypermarket, convenience stores, specialist stores, and others. The report also provides an analysis of all the major countries in North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

By Type
Impulse Ice Cream
Take-home Ice Cream
Artisanal Ice Cream
By Category
Dairy
Non-dairy
By Distribution Channel
Supermarket/Hypermarket
Convenience Stores
Specialist Stores
Other Distribution Channels
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
Germany
United Kingdom
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
Australia
India
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Product Innovation is leading the Ice Cream Market

Product innovation can make Ice cream a luxury product. The ingredients added, texture, color, flavor, packaging, the technology used, the circumstances of the purchase and consumption, all these contribute to a premium product. Companies are continuously innovating their products in order to stay in the market. Children are the major consumers of Ice cream, thus companies are producing products as per the interest of children. For instance, Unilever launched a product, Wall's Cornetto Rainbow Pop Ice Cream in Thailand and Indonesia. It is the first rainbow ice cream consisting of popping candy on the top. Companies are also focussing on flavor innovation, for instance, Tasty, one of the largest social food network in the world, has launched four new limited offer flavors, Vanilla Galaxy Twist, Peanut Butter 'S'mores Smash, Chocolate Caramel Pretzel Crunch, and White Chocolate Raspberry Lava Cake to attract more consumers. However, as an impact of COVID-19, the market witnessed slow product innovation due to the imposition of lockdown in numerous major countries of the market.

To understand key trends, Download Sample Report

North America Being the Largest Market

The rise in income along with an increased indulgence for sweet dishes drives the growth of this market. Unilever dominates the global market followed by Nestle. The sales of low-quality ice cream have been declining due to the increased preference for premium ice cream. The innovative flavors that companies have come up with act as a major driver for this market. Moreover, private labeling reduces the price of ice creams, thereby increasing demand. The sales of basic variety ice creams have been declining in favor of premium ones. Currently, the United States is leading the way due to the introduction of handcrafted ice creams, which is relatively linked to market maturity.

To understand geography trends, Download Sample Report.

Competitive Landscape

The global ice cream market is a highly fragmented market and comprises of regional and international competitors like Unilever, Nestle, Blue Bell, Herdez, and Dunkin Brands. These players compete on different factors, including product offerings, quality, taste, flavors, price, functionality, size, packaging, and marketing activities, in order to gain a competitive advantage in the market. The most active companies in the market include key players, such as Unilever, Nestle SA, and General Mills, that mainly focus on introducing new products in the market to cater to the interests of the consumers.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Impulse Ice Cream

      2. 5.1.2 Take-home Ice Cream

      3. 5.1.3 Artisanal Ice Cream

    2. 5.2 By Category

      1. 5.2.1 Dairy

      2. 5.2.2 Non-dairy

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarket/Hypermarket

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Specialist Stores

      4. 5.3.4 Other Distribution Channels

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 Germany

        3. 5.4.2.3 United Kingdom

        4. 5.4.2.4 France

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 Australia

        4. 5.4.3.4 India

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Unilever PLC

      2. 6.4.2 Nestle SA

      3. 6.4.3 Lotte Corporation

      4. 6.4.4 General Mills Inc.

      5. 6.4.5 Dunkin Brands

      6. 6.4.6 Blue Bell Creameries, L.P.

      7. 6.4.7 Dairy Farmers of America, Inc.

      8. 6.4.8 Ben & Jerry's Homemade, Inc.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 8. IMPACT OF COVID-19 ON THE MARKET

** Subject to Availability

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Related Reports