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:

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