North America Ice Cream Market Size

Statistics for the 2023 & 2024 North America Ice Cream market size, created by Mordor Intelligence™ Industry Reports. North America Ice Cream size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.


Market Size of north america ice cream Industry

North America Ice Cream Market Summary
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Icons Lable Value Study Period 2017 - 2029 Market Size (2024) USD 23.18 Billion Market Size (2029) USD 26.52 Billion Largest Share by Distribution Channel Off-Trade CAGR (2024 - 2029) 2.73 % Largest Share by Country United States

Major Players


*Disclaimer: Major Players sorted in no particular order

Key Players



North America Ice Cream Market Analysis

The North America Ice Cream Market size is estimated at 23.18 billion USD in 2024, and is expected to reach 26.52 billion USD by 2029, growing at a CAGR of 2.73% during the forecast period (2024-2029).

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23.18 Billion

Market Size in 2024 (USD)

26.52 Billion

Market Size in 2029 (USD)

2.04 %

CAGR (2017-2023)

2.73 %

CAGR (2024-2029)

Largest Market by Distribution Channel

92.59 %

value share, Off-Trade, 2023

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The availability of a wide range of products with several brand options in ice cream products and the ease of free checkout and delivery options are aiding the market growth.

Largest Market by Country

82.10 %

value share, United States, 2023

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The indulgence of ice cream consumption in the U.S. is due to the increased preference for sweet consumption with exotic flavors and premium ice creams capturing the space in the market.

Fastest-growing Market by Distribution Channel

2.74 %

Projected CAGR, Off-Trade, 2024-2029

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The ease of shopping experience through online channel and increasing number of retailers presence among the off trade channels has become to be the major driver in the segment.

Fastest-growing Market by Country

3.27 %

Projected CAGR, Mexico, 2024-2029

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The growing ice cream production is because of technological innovations, including steam power, mechanical refrigeration, the homogenizer and others has become the major facto in Mexico.

Leading Market Player

14.19 %

market share, Unilever PLC, 2022

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Unilever Group gained a competitive edge over other players due to its extensive product portfolio with wider brand presence, along with its strategic moves toward innovation.

Increasing demand for live shopping experience among consumers is boosting the retailing business

  • The distribution channel of the North American region is bifurcated into on-trade and off-trade retailing chambers. The off-trade segment witnessed a growth of 2.4% in 2022 compared with the previous year, 2021. The growth in off-trade channels is related to the shopping facility that it provides to its consumers. The supermarket and hypermarkets provide ice cream at different prices, which range from USD 4.84 and go up to more than USD 140. The easy availability of ice creams at different prices also surges the buying power of consumers. In addition to this, seeking the rising demand for ice cream and convenient shopping options among consumers, the off-trade retailing segment's retail value of the distribution channel sector is estimated to grow by 4.01% in 2025.
  • After the COVID-19 outbreak, consumers have started preferring out-home consumption. As a result of this, the demand for the food chains segment and food service retailers increased by 2.4% in 2022. Some of the famous ice cream food service chains in the North American region are Baskin-Robbins, Ben and Jerry, etc. These retailers provide ice cream in different flavors, including chocolate, vanilla, and strawberry, among others.
  • In North America, online retailing sectors also witnessed growth in their retail value by 2.56% in 2022. These online retailers offer a wide range of products with varied ingredients, brands, flavors, etc. Online retailers are captivating the focus of consumers towards e-commerce shopping by offering them a variety of offers. Seeking quick buying options for ice cream, the consumption value of ice cream increased by 5.48% when compared to the preceding year, 2020.
North America Ice Cream Market

Strong availability of various flavors coupled with well penetrated retail channels market market to grow

  • The ice cream industry in the North American region witnessed a growth of 2.40% in 2022 compared to 2021. It is anticipated to grow with the rising availability of a variety of flavors in this segment. In order to captivate the focus of consumers, manufacturers are selling ice cream in different formats, including low-fat and fat-free ice creams. This has led to an increased interest in ice cream products as people seek to maintain a healthy diet. Seeking the demand for ice cream products, the ice cream industry is expected to grow by 3.2% in 2024.
  • In the North American region, the United States is dominating the ice cream industry. In 2022, the US held a share of 70.08%. In January 2023, there were 150,174 convenience stores operating in the United States, which was a rise of 1.5% from the 2022 store count. This helps consumers purchase ice cream products.
  • Canada held a share of 18.85%. Texas has the most convenience stores, with 16,018 stores, which is followed by California, with 12,000 stores. Some of the famous stores in the North American region are Walmart, Amazon, Kroger, and Target, among others. These stores offer a wide variety of ice cream products in the market.
  • Mexico held a share of 51.02%. In 2020, there were 33 supermarket chains, with 3,227 stores, 2,365 department stores, and 53,793 specialized stores throughout the country. Around 50% of the retail market is covered by informal establishments, such as mobile street vendors and open public markets. Ice cream products are also available at varied prices (low, medium, and high). The base selling price of packaged milk is USD 1.72, which goes as high as USD 50.5. The availability of these products at various price ranges promotes buying power among the population.