Artisanal Ice Cream Market Growth Rapidly 2019: Top Players Unilever, Van Leeuwen, Nestlé S.A., Bi-Rite Creamery, Carmela Ice Cream Co., Gracie's Ice Cream, Boho Gelato, High Road Craft Brands

Artisanal ice cream is a handmade ice cream made by an artisan or skilled craftsperson. The ingredients used in artisanal ice cream include milk, butter, cocoa, dried fruit, eggs, and cream, which are blended together and whisked to make a light, melt-in-the-mouth texture. Artisanal ice cream is available in different flavors such as dark chocolate cacao nib, carrot habanero pepper, banana pudding, eureka lemon & marionberries, pistachio honey ricotta, cardamom, salted caramel swirl with curried nuts, kaffir lime gelato, tomato water olive oil, Maine wild blueberry crisp, sweet cream biscuits & peach jam, and others.

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Major players operating in the global artisanal ice cream market include Unilever, Van Leeuwen, Nestlé S.A., Bi-Rite Creamery, Carmela Ice Cream Co., Gracie's Ice Cream, Boho Gelato, High Road Craft Brands, True & 12 Handmade Ice Cream, and Fiasco Gelato Cafes Ltd.

Key players in the market are adopting various business strategies such as new product launches, in order to expand their product portfolio and strengthen their market presence at global level. For instance, in September 2018, True & 12 Handmade Ice Cream company launched a new vanilla flavored artisanal ice cream. The ice cream is prepared from vanilla, which is sourced from Ecuador. This helped True & 12 Handmade Ice Cream company to expand its product portfolio.

Market Dynamics

Among flavor type, chocolate segment is expected to be fastest growing segment in the market over the forecast period, owing to innovations in product offerings with multiple chocolate variants including chocolate chips and dark chocolate.

North America is expected to account for the largest markets share over the forecast period. According to International Dairy Foods Association, ice cream and related dessert production was 1.54 billion gallons in 2015 in the U.S. Moreover, as per the same source, contribution of ice cream industry in 2015 was over US$ 39.0 billion to the U.S. national economy, which created over 188,000 jobs in communities across the country.

Players operating in the global artisanal ice cream market are adopting various growth strategies such as mergers & acquisitions and business expansion to cater to increasing demand for artisanal ice creams. For instance, in September 2018, High Road Craft Brands acquired Bella Gelato Co. Inc., a producer of gelato and sorbetto in Boston, U.S. This acquisition will help High Road Craft Brands to expand its presence in global artisanal ice cream market.

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