Ice cream is a mixture of cream, sugar, milk, and other ingredients that have been frozen into creamy and soft form through special methods. Ice cream has been liked by people for numerous years and has gained popularity due to the extensive usage of refrigerators. The increasing popularity of ice cream has led to multiple ice cream variations, such as frozen yogurt, frozen custard, and non-dairy versions made with coconut milk.

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The major factors responsible for the growth of the global ice cream market include the increasing consumption of take-home ice cream products, growing disposable income, and availability of various flavored ice creams. It has been observed that customers often prefer to buy different varieties of ice creams. Thus, manufacturers are focusing on bringing innovations in their product range such as exotic colors, natural flavors, organic herbal filling, and others to meet ever-changing customer demands. Moreover, with the rising health-consciousness among the consumers have inclined them toward low-fat health products. This is encouraging the manufacturers to develop new ice cream product range with low sugar content. For instance, Halo Top an ice cream company, offers ice creams, with natural ingredients and flavors, low calories, low sugar, and high in protein. Thus, the availability of flavored ice creams as per the requirement of customers is accelerating the growth of the market.

Increasing purchase for premium ice creams is one of the key trends witnessed in the global ice cream market. Consumers across the world prefer high quality and unique ice cream flavors and are willing to pay more for better quality products. Thus, ice cream manufacturers across the globe are launching premium brands and variations on established products to cater new and growing preferences of the target audience. On the other edge of the spectrum, ice cream is a seasonal product that is likely to act as a challenge for the continuous growth of the ice cream market throughout the year.

The emergence of the COVID-19 pandemic has impacted the ice cream market, especially in 2020. The overall sales of ice cream have illustrated a sharp fall due to the increasing fear or misconception that ice cream makes one susceptible to COVID-19 because one can catch a cold. Moreover, the rapid disruption in the supply chain and the temporary shutdown of the ice cream parlors and restaurants due to the strict lockdown will have a negative impact on the growing demand of the market. However, the global ice cream market is expected to bounce back in 2021 while growing at a significant rate from 2022 onwards.

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On the basis of the product, the market is segmented into impulse, artisanal, and take home. Among these, the artisanal ice cream would witness a higher CAGR during the forecast period. Artisanal ice creams are natural products with high nutritional value and is often consumed as a small and pleasant snack. These ice creams do not have artificial flavors or added sugar instead they are made up of natural ingredients. The increasing health concerns will further energize the demand of the segment over the forecast period. The impulse segment would lead the market during the forecast period. Impulse ice cream consists of cones, cups, bars, and candies, which are ready to eat. Moreover, during the summer season, the customer prefers to have chilled candies and lollies to reduce heat, which fuels the growth of the market.

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On the basis of region, the Asia-Pacific region is projected to advance at a higher CAGR during the forecast period attributed to the rapid urbanization and increasing disposable income of individuals across the region. Moreover, supermarkets and hypermarkets in the region are promoting the sales of ice creams during favorable season, which further drives the growth of the market in Asia-Pacific region.

The major players in the market include General Mills Inc., Nestle S.A., Mars Incorporated, Blue Bell Creameries, L.P, Lotte Confectionery Co. Ltd, Wells Enterprises, Turkey Hill Dairy, Mihan Dairy & Ice cream Group, and Meiji Holdings Co., Ltd.

The global ice cream market has been segmented on the basis of product and region. Based on product, the market is segmented into impulse, artisanal, and take home.

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Key questions answered in this research report:

• • At what pace is global ice cream market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in ice cream market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global ice cream market?
  • What is the various type of products in global ice cream market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	General Mills Inc., Nestle S.A., Mars Incorporated, Blue Bell Creameries, L.P, Lotte Confectionery Co. Ltd, Wells Enterprises, Turkey Hill Dairy, Mihan Dairy & Ice cream Group, and Meiji Holdings Co., Ltd.; a total of 9 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Ice Cream Market by Product

• • Impulse Ice Cream
  • Artisanal Ice Cream
  • Take Home Ice Cream

Global Ice Cream Market by Region

• • North America Ice Cream Market (Option 1: As a part of the free 25% customization)

• • • North America Ice Cream Market by Product
    • US Ice Cream Market All-Up
    • Canada Ice Cream Market All-Up

• • Europe Ice Cream Market (Option 2: As a part of the free 25% customization)

• • • Europe Ice Cream Market by Product
    • UK Ice Cream Market All-Up
    • Germany Ice Cream Market All-Up
    • France Ice Cream Market All-Up
    • Spain Ice Cream Market All-Up
    • Rest of Europe Ice Cream Market All-Up

• • Asia-Pacific Ice Cream Market (Option 3: As a part of the free 25% customization)

• • • Asia-Pacific Ice Cream Market by Product
    • China Ice Cream Market All-Up
    • India Ice Cream Market All-Up
    • Japan Ice Cream Market All-Up
    • Rest of APAC Ice Cream Market All-Up

• • RoW Ice Cream Market (Option 4: As a part of the free 25% customization)

• • • RoW Ice Cream Market by Product
    • Brazil Ice Cream Market All-Up
    • South Africa Ice Cream Market All-Up
    • Saudi Arabia Ice Cream Market All-Up
    • UAE Ice Cream Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Ice Cream Market All-Up

Global Ice Cream Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • General Mills Inc.
  • Nestle S.A.
  • Mars Incorporated
  • Blue Bell Creameries, L.P
  • Lotte Confectionery Co. Ltd
  • Wells Enterprises
  • Turkey Hill Dairy
  • Mihan Dairy & Ice cream Group
  • Meiji Holdings Co. Ltd