US Ice Cream Market Hits $17.64 Billion in 2023, Anticipating a 3.77% Compound Annual Growth Rate Through 2030 ⅼ Renub Research

Renub Research forecasts that the United States ice cream market will reach US$22.86 billion by 2030. Ice cream, a popular sweetened frozen treat enjoyed as a snack or dessert, typically consists of dairy or cream flavored with sweeteners like sugar or substitutes and various flavors such as cocoa or vanilla. Preparation often involves combining a flavored cream base with liquid nitrogen, along with the addition of coloring and stabilizers. Mixing and chilling below the water's softening point help create a smooth, semi-solid texture that remains firm even at very low temperatures, becoming more malleable as it warms. Ice cream is commonly enjoyed in dishes, with spoons, or in edible cones, and can be paired with other desserts like pie or used as a topping in frozen treats such as sundaes, milkshakes, and ice cream cakes. Factors driving market growth in the United States include increasing demand for innovative flavors and varieties and impulse ice cream products like cones, sandwiches, and pops.

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While traditional ice cream may lack inherent health due to its nutrient composition, market players increasingly focus on fortification and incorporating functional ingredients. This shift aims to attract consumers by positioning the product as a healthier snack. Functional foods, which offer more than just essential nutrition and may aid in reducing the risk of certain diseases, are gaining traction. The heightened production of fortified or functional ice cream products is anticipated to bolster consumption in the United States. In recent times, the emergence of quick commerce and e-commerce platforms has revolutionized how consumers access ice cream, allowing them to enjoy it conveniently at home with a few taps on their smartphones. This convenience has led to a surge in home ice cream consumption.

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Moreover, manufacturers leveraging effective branding strategies have made healthy options such as fortified and low-fat varieties readily accessible. These businesses reach consumers through local distribution channels, including hotels, restaurants, and shopping malls. The combination of easy availability and increasing expenditure on such fast foods is poised to drive growth in the United States ice cream market.

The US ice cream market was valued at US$ 17.64 billion in 2023, with a projected CAGR of 3.77% from 2023 to 2030. The growing consumer preference for premium ice creams and international flavors has notably boosted per capita ice cream consumption in the United States over recent decades. In 2022, per capita consumption increased by 1.3% compared to the previous year, 2021. Consumers typically acquire ice cream in bulk containers and individually wrapped frozen treats such as ice cream sandwiches, cones, chocolate-dipped bars, Klondike bars, and popsicles. Approximately 87% of the US population keeps ice cream in their freezers anytime, with Sunday being the most popular day for purchasing ice cream.

Chocolate flavors are positioned to take the lead in the United States ice cream market.

Chocolate holds a cherished status among consumers within the United States ice cream market. Its rich and indulgent flavor profile resonates deeply with various tastes, making it a perennial favorite. Whether enjoyed on its own or as part of elaborate sundaes, milkshakes, or ice cream cakes, chocolate ice cream consistently captivates the palates of individuals across all ages. Its versatility allows for endless creativity in concocting delectable frozen treats, ensuring its enduring popularity and steadfast presence in freezers and dessert menus alike throughout the nation.

The impulse category is poised for growth within the ice cream market in the United States.

The impulse category is favored in the United States ice cream market. This segment, characterized by spontaneous purchases and immediate consumption, enjoys significant consumer preference. Its allure lies in offering quick and convenient indulgence, catering to the fast-paced lifestyles of modern consumers. With a wide array of flavors, packaging options, and strategic placement in high-traffic areas such as convenience stores and tourist destinations, the impulse category effectively captures impulsive buying behaviors. As consumer demand for on-the-go treats continues to rise, this segment stands poised for further expansion and dominance within the ice cream market.

Cups and cones are positioned to be the primary choices in the US ice cream market.

Cups and cones are experiencing a surge in popularity within the United States ice cream market. These classic serving methods offer consumers a versatile and enjoyable way to indulge in their favorite frozen treats. With customizable options and an emphasis on convenience, cups, and cones appeal to various preferences and lifestyles. Additionally, their widespread availability in ice cream parlors, food trucks, and retail outlets contributes to their desirability. As consumers seek memorable and Instagram-worthy experiences, the timeless appeal of cups and cones continues to captivate, making them an increasingly favored choice in the dynamic landscape of the ice cream market.

The presence of supermarkets and hypermarkets is anticipated to grow within the market.

Consumers in the United States exhibit a clear preference for purchasing ice cream from supermarkets and hypermarkets. These large retail outlets offer a diverse selection of ice cream brands, flavors, and package sizes, catering to consumers' varied tastes and preferences. The convenience of one-stop shopping, competitive pricing, and frequent promotions make supermarkets and hypermarkets the go-to destination for ice cream purchases. Additionally, the availability of other grocery items alongside ice cream further enhances the shopping experience for consumers. As a result, these retail giants continue to dominate the ice cream market, meeting the demands of discerning customers nationwide.

Key Players.

Nestle SA, Unilever Group, General Mills, Danone S.A., Mondelez International, Inc., Meiji Co. Ltd., American Dairy Queen Corporation, and Blue Bell Creameries have a presence in the ice cream market in the United States.

Flavor - United States Ice Cream Market breakup in 4 viewpoints:

1. Chocolate
2. Vanilla
3. Fruit
4. Others

Category - United States Ice Cream Market breakup in 3 viewpoints:

1. Impulse
2. Take-home
3. Artisanal

Packaging types - United States Ice Cream Market breakup in 6 viewpoints:

1. Cups
2. Sticks
3. Cones
4. Bricks
5. Tubs
6. Others

Distribution channel - United States Ice Cream Market breakup in 4 viewpoints:
1. Supermarkets and hypermarkets
2. Convenience Stores
3. Specialty Stores
4. Online Sales Channels

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue Analysis

Company Analysis:

1. Nestle SA
2. Unilever Group
3. General Mills
4. Danone S.A.
5. Mondelez International, Inc.
6. Meiji Co. Ltd.
7. American Dairy Queen Corporation
8. Blue Bell Creameries

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