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Ice Cream Market Size to Surpass USD 104.96 Billion by 2029 | With a CAGR of 5.20%

Key companies covered in ice cream market are Nestle S.A. (Switzerland), Unilever Group (U.K.), General Mills (U.S.), Amul (India), Dunkin Brands (U.S.), Blue Bell Creameries (U.S.), Dairy Queen (U.S.), Dairy Farmers of America, Inc. (U.S.), Cold Stone Creamery (U.S.), CAMAL Ltd Company (Azerbaijan) and more players profiled.

Pune, India, May 16, 2023 (GLOBE NEWSWIRE) — The global ice cream market size to reach USD 71.52 billion in 2021 and is anticipated to increase from USD 73.61 billion in 2022 to USD 104.96 billion by 2029 at a 5.20% CAGR during 2022-2029. Rising consumer spending on fast food, intense research and development operations for the creation of unique product variants, and the product’s widespread availability is expected to fuel the global market. Furthermore, market expansion in a number of emerging markets is projected to be aided in the coming years by greater urbanization and rising disposable income, says Fortune Business Insights™, in its report titled “Ice Cream Market, 2022-2029.”  

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The ice cream market has experienced consistent growth and widespread popularity as a beloved frozen treat across the globe. With a wide array of flavors, textures, and formats, ice cream appeals to people of all ages and backgrounds. The market is driven by factors such as changing consumer preferences, innovative product offerings, and increased indulgence and snacking habits.

Ice cream manufacturers continuously introduce new and exciting flavors and variations, catering to diverse tastes and dietary preferences, including vegan and lactose-free options. Additionally, the market has witnessed a surge in demand for premium and artisanal ice creams, as consumers seek high-quality, natural ingredients and unique flavor combinations. As a result, the ice cream market remains a dynamic and competitive landscape, where companies strive to captivate consumers with delightful frozen delights.  

List of Key Players Profiled in the Ice Cream Market Report:

  • Nestle S.A. (Switzerland)
  • Unilever Group (U.K.)
  • General Mills (U.S.)
  • Amul (India)
  • Dunkin Brands (U.S.)
  • Blue Bell Creameries (U.S.)
  • Dairy Queen (U.S.)
  • Dairy Farmers of America, Inc. (U.S.)
  • Cold Stone Creamery (U.S.)
  • CAMAL Ltd Company (Azerbaijan)      

 Report Scope & Segmentation:

Report CoverageDetails
Forecast Period2022-2029
Forecast CAGR5.20 %
2029 Value ProjectionUSD 104.96 Billion
Ice Cream Market Size in 2022USD 73.61 Billion
Historical Data2018-2020
No. of Pages240
Report CoverageRevenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments CoveredBy TypeBy FlavorBy Packaging
Regions CoveredNorth AmericaEuropeAsia PacificLatin AmericaMiddle East and Africa
Ice Cream Market Growth DriversContinuous Innovation in the Industry to Spur Product Demand
Rising Expenditure on R&D and Digitalization to Drive Growth

Browse Detailed Summary of Research Report with TOC:

Segments: 

By Type, Impulse Segment to Record Fastest CAGR during 2022-2029

Based on type, the market is bifurcated into impulse and take-home. The impulse segment dominated the market share in 2021, owing to the rising popularity of conveniently packaged product among consumers. On the other hand, the take-home segment will record notable growth through 2029.

By Flavor, Vanilla Segment to Capture Maximum Share through 2029

In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2022-2029 led by the increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

By Packaging, Cup Segment to Exhibit Stellar Growth over 2022-2029

On the basis of packaging, the market is segmented into cups, sticks, cones, tubs, brick, and others. The cup segment is anticipated to capture the dominant market share till 2029 led by the tremendous popularity of cup ice creams. The convenience associated with this type of packaging makes it extremely popular among consumers.

By Distribution Channel, Online Retailer Segment to Gain Traction Through 2029

According to the distribution channel, the market is segregated into ice cream parlors, supermarkets/hypermarkets, online retailers, and others. Among these, the online retail segment is projected to grow substantially owing to the growing trend of home delivery. The ease of convenience of online ordering will drive the growth of this segment.

Source: Fortune Business Insights

Ice Cream Market Size to Surpass USD 104.96 Billion by 2029 | With a CAGR of 5.20%

Exciting Annual Ice Cream Events: A Sweet Celebration

Indulging in a scoop of creamy, flavorful ice cream is always a delightful experience. But did you know that the world of ice cream has its own annual events, where enthusiasts, industry professionals, and ice cream lovers come together to celebrate this frozen treat? From captivating competitions to innovative product showcases, these events offer a unique platform for ice cream aficionados to connect and explore the latest trends in the industry. Join us as we take a journey through some of the most anticipated annual ice cream events in the United States and around the world.

Sweets and Snacks Expo

May 22-25, 2023: McCormick Place Convention Center | Chicaco, IL
Popularly known as the largest confectionery, sweets & snacks trade event in North America, the trade show is held annually. It enables the exhibitors to explore the opportunities to grow their business by showcasing their brand products before your targeted prospect comprising influential business professionals,retailers, and end-users.

Fithep Expoalimentaria 2023

From 5 to 7 June 2023: Centro Costa Salguero | Buenos Aires, Argentina
Patisserie, Bakery, Sweets, Ice creams, Food processing, Food

FIPAN 2023

From 25 to 28 July 2023: Expo Center Norte | Sao Paulo, Brazil
Patisserie, Restaurants,Bakeries,Coffee,Ice creams, Food packing, Food industry, Food machinery,Alimentary industry,Food,Hotel industry.

Agro.Ge.PA.Ciok.2023

From 4 to 8 November 2023: Lecce Fiere S.r.l | Lecce, Italy
Patisserie, Bakery,Coffe,Gourmet food,Ice creams,Food.

Salone DeDusto 2023

From 4 to 7 November 2023: Palazzetto dello Sport
Patisserie,Bakery,Dairy products sector,Meat,Sweets,Fish,B2b,Horticulture,Viticulture,Enology,Water treatment,Coffee,Gastronomy,Wine tourism,Uniforms,Drink packaging,Delicatessen,Drinks,Ice creams,Natural food,Chocolates, Frozen foods,Organic food,Beers,Cheeses,Transport, and logistics,Technologies for hotels and restaurants, Services for hotels and restaurants, Bottling, Food packing, Liqueurs, Enogastronomy, Food, Technology, Food pakaging, Food Machinery,Hotel equipment, Oil, Vegetable, Fruit, Dairy products,Kitchen,Farmen,Tastings,Production companies,Meal,Alimentary industry,Food processing,Food.

Mig 2023

From 26 to 29 November 2023: Longarone Fiere | Longarone, Italy
Drinks, Ice creams, Food

SIGEP 2024

From 20 to 24 January 2024: Rimini Fiera | Rimini, Italy
Sweets,Crafts,Coffee,Ice cream,Food machinery,Food processing,Food.

INTERSICOP 2024

From 17 to 20 February 2024: IFEMA -Feria de Madrid | Madrid, Spain
Patisserie,Bakery,Sweets,Coffe,Ice creams,Food.

Expocook 2024

From 26 to 29 February 2024: Ente Autonomo Fiera del Mediterraneo | Palermo, Italy
Catering,Kitchens,Coffee,Raw materials,Drinks,Ice creams,Equipment for hotels,Furniture for restaurants,Restoration,Hotel furniture, Food.

Feria Internacional del Helado 2023

From 2 to 4 February 2023: Expo Guadalajara centro de Exposiciones | Guadalajara, Mexico
Alimentary,Sweets, Ice creams,Food technology, Food.

SIGEP 2023

From 21 to 25 January 2023: Rimini Fiera | Rimini, Italy
Sweets,Crafts,Coffee,Ice creams,Food machinery,Food processing,Food
In conclusion, the annual ice cream events provide incredible opportunities for businesses and ice cream enthusiasts to connect, learn, and share their passion for frozen treats.
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Join us in creating unforgettable ice cream experiences that keep customers coming back for more!

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