The global ice cream market was worth US$ 57.7 Billion in 2018, registering a CAGR of 4.5% during 2011-2018. The market is further projected to cross US$ 91.2 Billion by 2024, at a CAGR of 8.0% during 2019-2024. Ice cream is a sweet, frozen dessert made from a combination of milk, cream and artificial or natural flavorings. Some ice cream variants like frozen custard and French ice creams also use egg as one of the main ingredients. Ice cream is a rich source of carbohydrates, calcium, phosphorus and vitamins such as A, C, D, E, K, B-6 and B-12 as well as thiamine, riboflavin, niacin and folate. There are numerous flavors of ice cream available in the market amongst which the most popular are strawberry, chocolate, and vanilla.

Global Ice Cream Market Drivers:

Since the fast-food industry is one of the major end-users of ice cream, an increase in the number of fast food chains across the globe is driving the consumption of ice cream in this sector. Moreover, owing to the income elastic nature of ice cream consumption, rising disposable incomes and improving purchasing power of consumers are giving a rise to its per capita consumption in emerging regions like India and China. Apart from this, rapid urbanization has led to an expansion in modern retail formats such as departmental stores, hypermarkets, supermarkets and convenience stores, which is contributing towards an increase in the global sales of ice cream. Furthermore, the emerging trends of premiumization and value addition have led to the usage of finer-quality ingredients as well as the introduction of organic and sugar-free ice creams.

Breakup by Flavor:

The ice cream market has been segmented on the basis of different flavors which include vanilla, chocolate and fruit. Amongst these, vanilla is majorly preferred by consumers as it is used in the preparation of several other desserts.

Breakup by Category:

On the basis of categories, the market has been segregated into impulse ice cream, take-home ice cream and artisanal ice cream. Amongst these, impulse ice cream has outgrown other categories and is expected to maintain its dominant position during the forecast period.

Breakup by Product:

Based on products, the market has been categorized as cup, stick, cone, brick and tub. Currently, the majority of consumers prefer purchasing ice cream cups.

Breakup by Distribution Channel:

On the basis of distribution channels, the market has been segmented into supermarkets/hypermarkets, convenience stores, ice cream parlors and online stores. Amongst these, supermarkets/hypermarkets represent the most popular distribution channel as they offer a wide collection of ice cream brands and flavors to the consumers.

Regional Insights:

On a geographical front, Asia Pacific represents the largest market for ice cream, holding the majority of the total market share. The market growth in the region can be attributed to the improvement of cold chain facilities owing to which ice creams are becoming available in rural areas as well. Other markets include North America, Europe, Latin America, and Middle East and Africa.

Key questions answered in this report:

How has the global ice cream market performed so far and how will it perform in the coming years?
What are the key regional markets in the global ice cream industry?
what are the major flavors segments in the global ice cream industry?
What are the various categories in the global ice cream industry?
What are the several product types in the global ice cream industry?
what are the major distribution channels in the global ice cream industry?
what are the price trends of ice cream?
What are the various stages in the value chain of the global ice cream industry?
What are the key driving factors and challenges in the global ice cream industry?
what is the structure of the global ice cream industry and who are the key players?
What is the degree of competition in the global ice cream industry?
What are the profit margins in the global ice cream industry?
What are the key requirements for setting up an ice cream manufacturing plant?
How are ice creams manufactured?
What are the various unit operations involved in an ice cream manufacturing plant?
What is the total size of land required for setting up an ice cream manufacturing plant?
What are the machinery requirements for setting up an ice cream manufacturing plant?
What are the raw material requirements for setting up an ice cream manufacturing plant?
What are the packaging requirements for ice cream?
What are the transportation requirements for ice cream?
What are the utility requirements for setting up an ice cream manufacturing plant?
What are the manpower requirements for setting up an ice cream manufacturing plant?
What are the infrastructure costs for setting up an ice cream manufacturing plant?
What are the capital costs for setting up an ice cream manufacturing plant?
What are the operating costs for setting up an ice cream manufacturing plant?
What will be the income and expenditures for an ice cream manufacturing plant?
What is the time required to break-even?