Renub Research has released a report titled “Global Ice Cream Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030,” which includes market percentage records and a thorough enterprise analysis. This report examines the Global Ice Cream Market’s competition, geographic distribution, and growth potential.
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Global Ice Cream Market is predicted to extend at a CAGR of 5.13% from 2024 to 2030
Ice cream’s enduring recognition is an international phenomenon, transcending cultural boundaries and attractive to diverse tastes. Its flexible flavors, from classic vanilla to distinctive blends, cater to an extensive spectrum of preferences. The irresistible combination of creamy textures and sweet indulgence creates a sensory experience that resonates universally with product service improvements, including non-dairy and artisanal alternatives. Ice cream stays a liked option, enjoyed in numerous forms, from cones to take-home packing containers, ensuring its place as an undying and cherished dessert worldwide.
The global ice cream market presents a delightful upswing fueled by customers’ adventurous spirit in exploring novel flavors and textures. This trend welcomes unique fruit blends, artisanal gelato, and the surge of plant-based alternatives. Premiumization is a crucial motive force, with clients inclined to spend money on remarkable ice cream offering herbal substances and unique flavor profiles, epitomized by brands like Ben & Jerry’s and Häagen-Dazs. Convenience plays a pivotal role, with grab-and-go options like ice cream bars and single-serve tubs catering to busy life and home shipping services ensuring a fab indulgence right at the doorstep. The escalating effect of warmer summers because of weather change further solidifies ice cream as an irresistible escape from the heat.
The Asia-Pacific area, led by China’s increasing patron base, dominates the worldwide ice cream market. India and Southeast Asian nations also contribute considerably to this surge. Fueled by economic prosperity, changing dietary alternatives, and a thriving home ice cream industry, the vicinity experiences a delightful growth spurt. Further, ongoing innovation, catering to various tastes, and efficient distribution channels ensure the iconic popularity of this frosty delight. Looking in advance, the worldwide ice cream market guarantees sustained pleasure, innovation, and indulgence, emphasizing numerous flavors, customized research, and convenient alternatives to hold clients relaxed and happy for years yet to come. Hence, the Global Ice Cream Market will be valued at around US$ 108.22 billion by 2030.
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The global ice cream market has experienced exponential growth in both cones and cups, reflecting evolving consumer preferences
The comfort of pre-packaged cups caters to on-the-go lifestyles, while waffles and sugar cones provide a nostalgic, indulgent experience. Innovative flavors and premium elements have fueled this surge, attractive to discerning flavor buds. Health-conscious picks, including low-fat and dairy-free options, have broadened the market’s appeal. Social media has performed a pivotal function, with visually enticing ice cream creations driving demand. As a result, the ice cream industry’s expansion in cones and cups showcases the dynamic nature of customer trends and culinary innovation.
Products – Global Ice Cream Market breakup in 4 viewpoints
- Cones & Cups
- Tubs & Bricks
The non-dairy category in the global ice cream market has witnessed remarkable growth, propelled by shifting consumer preferences towards plant-based alternatives
Increasing cognizance of fitness and environmental concerns has fueled demand for non-dairy alternatives such as almond, coconut, and soy-based ice creams. Innovations in flavors and textures have improved the appeal of those alternatives, attracting lactose-intolerant individuals and a broader demographic embracing a plant-centric lifestyle. Major ice cream brands strategically expanding their non-dairy services underscore the class’s ascendancy. This burgeoning trend displays a dynamic market adapting to the developing need for various sustainable ice cream picks.
Category – Global Ice Cream Market breakup in 2 viewpoints
- Dairy Based
- Non-Dairy Based
The take-home segment of the ice cream market has experienced a significant boost on a global level
The popularity of packaged boxes for home consumption has grown due to their convenience and affordability. Product services like family-sized tubs, single-serving cups, and multipacks meet customer desires. The pandemic has strengthened this trend, with more people choosing indulgent treats in the comfort of their homes. E-trade systems have played a critical function, making it easy for customers to access various take-home ice cream options. This surge underscores the ice cream market’s resilient and adaptable nature.
Type – Global Ice Cream Market breakup in 3 viewpoints
- Take home
Chocolate flavors have witnessed a sturdy surge in the international ice cream market, becoming a perennial favourite among purchasers
The timeless attraction of chocolate, coupled with cutting-edge versions, which include darkish chocolate, Belgian chocolate, and exclusive blends, has propelled this growth. Consumers are searching for fine traditional chocolate indulgence and crave cutting-edge, top-rate options. Chocolate’s versatility lets in numerous product offerings, from conventional bars to artisanal creations. As worldwide tastes evolve, the average popularity of chocolate in the ice cream region gives its typical attraction, making it a cornerstone in the enterprise’s flavour panorama.
Flavor – Global Ice Cream Market breakup in 4 viewpoints
The online sales channel has emerged as a critical growth driver in the global ice cream market
As e-commerce gains prominence, purchasers increasingly turn to online platforms to meet their frozen dessert cravings. The convenience of doorstep delivery and an extensive range of selections contribute to this trend. Recent years have elevated the shift in online shopping, with many who prefer the safety and ease of ordering ice cream from the comfort of their homes. Brands and shops have adapted by enhancing their online presence and introducing distinctive flavors, establishing the digital market as a critical and thriving avenue in the dynamic ice cream industry.
Distribution Channel – Global Ice Cream Market breakup in 4 viewpoints
- Supermarkets and hypermarkets
- Convenience Stores
- Specialty Stores
- Online Sales Channel
China is positioned to lead the global ice cream market for many years as its industry develops and becomes more innovative
In China, traditional desserts, usually hot or savory, face competition from the rising popularity of ice cream, providing a refreshing and convenient alternative amid the increase of cold chain logistics and domestic transport services. The domestic ice cream industry is booming, witnessing a surge in local brands and producers that cater to diverse preferences, fostering increased opposition and product innovation. Simultaneously, widespread investments in cold chain infrastructure, encompassing refrigerated warehouses and transportation networks, have streamlined storage and distribution, contributing to the section’s growth. Furthermore, e-commerce in China has played a pivotal function, permitting consumers across cities and far-flung areas to access various ice cream brands and flavors quickly.
Countries – Global Ice Cream Market breakup in 25 viewpoints
- United States
- United Kingdom
- South Korea
- New Zealand
- South Africa
- Saudi Arabia
Major global ice cream market players include Nestle S.A., Unilever Group, General Mills, Danone S.A., American Dairy Queen Corporation, Blue Bell Creameries, Cold Store Creameries, and Kwality Walls.
All the Key players have been covered from 3 Viewpoints
- Recent Developments
- Revenue Analysis
Top Ice Cream Companies Analysis
- Nestle S.A.
- Unilever Group
- General Mills
- Danone S.A.
- American Dairy Queen Corporation
- Blue Bell Creameries
- Cold Store Creameries
- Kwality Walls
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