Research report explores the Ice Cream Market tremendous growth in near future during 2017 - 2023

Global Ice Cream Market was valued at $68,072 million in 2016, and is projected to reach $97,301 million by 2023, registering a CAGR of 5.4% from 2017 to 2023. Ice cream is dairy product, which is sweetened with either natural sugar or artificial sweeteners. Various ice creams are provided by the companies present in the market, including hard ice cream, soft ice cream, light ice cream, low-fat ice cream, and others. Summer is an undisputed season for the consumption of ice cream and related products. The growth of the industry is driven by availability of various flavored ice creams. As a result, the ice cream consumers pay a premium price for these products, which in turn increases the revenue of the market. However, the health concerns associated with ice creams restrain the market growth.

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The global ice cream market is segmented based on sales type and geography. On the basis of sales type, the market is categorized into impulse ice cream, take-home ice cream, and artisanal ice cream. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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According to a new report published by Allied Market Research, titled, Ice cream Market by sales type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global ice cream market was valued at $68,072 million in 2016, and is projected to reach $97,301 million by 2023, registering a CAGR of 5.4% from 2017 to 2023.

Ice cream is a sweetened solidified nourishment made using milk and cream. The preparation of ice cream also involves natural products or different fixings and flavors. It is ordinarily sweetened with sugar or sugar substitutes. The major factors driving the market growth include rise in disposable income in emerging economies and increased preference for niche ice cream flavors. However, the seasonality of the ice cream products and health concerns associated with it act as a major restraint of the market.

In 2016, the take-home segment accounted for the highest share in the market, and is expected to maintain its dominance during the forecast period. However, the artisanal ice cream segment is projected to register the highest growth during the forecast period as it manufactured both in dairy and water-based small producers for sale on premises. It also includes branded gourmet ice cream both on and off trade.

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