Press release
Ice Cream Market Trends, Top Companies, Share, Growth And Forecast 2032
Ice Cream Market
Ice Cream Market Size, Growth Rate, And Forecast
The global ice cream market size is expected to grow from $119.34 billion in 2022 to $131.60 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ice cream market size is expected to reach $186.82 billion in 2027 at a CAGR of 9.2%.
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Ice Cream Market Drivers
Increasing consumer expenditure on fast food is expected to propel the growth of the ice cream market going forward. Consumer expenditure on fast food is the total amount of money spent by individuals and families on fast food items. Fast food and ice cream are both considered indulgent and handy meal alternatives that cater to similar customer tastes. Fast food restaurants frequently provide ice cream as a dessert option, making it easy for customers to include it in their purchases. Additionally, the growing café culture among millennials has boosted consumer spending on fast food.
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Ice Cream Market Segments
• By Type: Impulse Ice Cream, Take-home Ice Cream, Artisanal Ice Cream
• By Flavor: Vanilla, Chocolate, Fruit, Other Flavors
• By Packaging: Cup, Cone, Stick, Brick, Tub, Other Packaging
• By Category: Dairy, Non-dairy
• By Distribution Channels: Hypermarket Or Supermarket, Ice cream Parlor, Online Retailer, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the ice cream market.
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Ice Cream Market Key Players
Major competitors in the ice cream market include Nestle S.A., Unilever Group Plc., General Mills Inc., Blue Bell Creameries LP, Cold Stone Creamery Inc., American Dairy Queen Corporation, Danone S.A., Lotte Confectionery Co.Ltd.
The Business Research Company's "Global Ice Cream Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Ice Cream Market Include:
1. Executive Summary
2. Ice Cream Market Characteristics
3. Ice Cream Market Trends And Strategies
4. Ice Cream Market - Macro Economic Scenario
5. Ice Cream Market Size And Growth
……
26. Africa Ice Cream Market
27. Ice Cream Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ice Cream Market
29. Ice Cream Market Future Outlook and Potential Analysis
30. Appendix
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