Market Size of united states ice cream Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 19.03 Billion |
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Market Size (2029) | USD 21.76 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 2.72 % |
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Fastest Growing by Distribution Channel | Off-Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Ice Cream Market Analysis
The United States Ice Cream Market size is estimated at 19.03 billion USD in 2024, and is expected to reach 21.76 billion USD by 2029, growing at a CAGR of 2.72% during the forecast period (2024-2029).
19.03 Billion
Market Size in 2024 (USD)
21.76 Billion
Market Size in 2029 (USD)
2.04 %
CAGR (2017-2023)
2.72 %
CAGR (2024-2029)
Leading Market Player
20.73 %
market share, Unilever PLC, 2022
The products offered by Unilever group have various national and international certifications, making it unique in the country and helping it maintain its market share.
Largest Market by Distribution Channel
93.92 %
value share, Off-Trade, 2023
The wider availability of various brands, ease of reading product labels and convenience in comparing different products make it the preffered type among the dairy consumers.
Fastest-growing Market by Distribution Channel
2.73 %
Projected CAGR, Off-Trade, 2024-2029
The rising preference to buy essential groceries online during the pandemic drove the off-trade channel. The growth is also assisted by better consumer reach through digital marketing.
Second leading Market Player
13.72 %
market share, Froneri International Limited, 2022
Froneri Ltd's wide range of offerings in the country, along with the increasing dairy products manufacturing units, is highly supporting its market growth and domination.
Third Leading Market Player
2.85 %
market share, Wells Enterprises Inc., 2022
The product lineup which includes Blue Bell Ice Cream, Light Ice Cream, No Sugar Added Ice Cream and Sherbet along with wider distribution is captivating the market growth.
Revitalized stores, enhanced supply chains propel supermarkets and hypermarkets to witness surge in ice cream sales
- In 2020, the on-trade segment was significantly impacted by the COVID-19 pandemic due to lockdowns imposed worldwide. Despite these challenges, US consumers spent an average of 8.6% of their disposable personal income on food in 2020. This amount was split between meals consumed at home (5.0%) and away from home (3.6%). However, restaurants, bars, and casinos had to shut down operations in the country. Therefore, the on-trade sales value of ice cream decreased by 14% in 2020 compared to 2019, with around 32,109 restaurants shutting operations during the pandemic.
- The online retail channel is expected to be the fastest-growing distribution sub-segment in the off-trade segment. It is projected to register a growth value of 13% during 2023-2028 due to the increasing number of smartphone users, which rose by 11 million between 2020 and 2021. Around 45% of the US population browses online websites through mobile devices. The sales of ice cream through online channels increased by 6% during 2018-2021.
- In the off-trade segment, consumers prefer buying ice cream from supermarkets/hypermarkets, as the country is home to a large number of supermarkets. Currently, there are 63,419 supermarkets in the United States. Supermarket sales for ice cream in the United States grew by 3% in terms of value from 2018 to 2021. About 60% of mass players and large national supermarket retailers in the United States invested in 2020 to improve their ability to better personalize promotions and pricing by strategizing on significant price drops, store remodels, and supply chain investments. Several supermarket chains also introduced click-and-collect and delivery services through third-party providers.
Understand The Key Trends Shaping This Market
