2025-2034 Ice Cream Market Roadmap: Insights for Competitive Advantage

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How Large Will the Ice Cream Market Size By 2025?
The growth in the ice cream industry has seen a significant boost in recent years. The market size is expected to rise from $42.07 billion in 2024 to $44.69 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.2%. Factors contributing to the growth during the historical period include customer brand loyalty, seasonal consumption, effective marketing and advertising campaigns, innovative packaging, health and wellness trends, and expanded distribution channels.

How Big Is the Ice Cream Market Size Expected to Grow by 2029?
Strong expansion is anticipated in the ice cream market size in the coming years, reaching $56.96 billion in 2029 with a compound annual growth rate (CAGR) of 6.3%. The surge in the projected period is linked to trends such as plant-based and alternative ingredients, health-conscious options, premiumization, personalization, sustainability, and innovative textures and formats. Key patterns expected in the forecast period involve creative flavor pairings, nutritious and functional ice cream varieties, sustainable practices and packaging, a focus on local and artisan products, luxurious and upscale products, along with online and direct-to-consumer sales.

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Which Key Market Drivers Powering Ice Cream Market Expansion and Growth?
The rise in consumer spending on fast food is projected to stimulate the ice cream market's expansion. Consumer fast food expenditure embodies the cumulative amount of money individuals and families use for purchasing fast food products. Both fast food and ice cream are seen as lavish and convenient alternatives to full meals, appealing to the same customer preferences. Fast food establishments often offer ice cream as a dessert choice, simplifying its incorporation into customer purchases. Furthermore, the increasing café lifestyle among the younger generation has amplified consumer expenditure on fast food. For example, Avika, a potato processing firm from the Netherlands, reported that the UK fast food market expanded by 9% from US$20.6 billion (£18.9 billion) in 2021 to US$22.45 billion (£20.61 billion) in 2022. Thus, the rising consumer spending on fast food is anticipated to propel the fast food market.

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Which Fast-Growing Trends Are Poised to Disrupt the Ice Cream Market?
One of the prevailing trends in the ice cream industry is product innovation. Major market players are focusing on creating unique and innovative products to strengthen their foothold in the market. A notable example is in January 2022, when Magnum, a Belgian ice cream brand based in Denmark, expanded its offerings by launching a mini multi-pack of vegan ice creams and an improved recipe for its vegan range, available in two well-liked flavors: vegan classic and vegan almond. These creations offer the same richness and indulgence of their non-vegan counterparts, earning them the PETA Vegan Food Award. The luscious ice cream, made from pea protein and flavored with premium Madagascan vanilla, offers a delightful blend that satisfies the palate with a luxuriously creamy experience, sans any dairy ingredients.

What Are the Emerging Segments in the Ice Cream Market?
The ice cream market covered in this report is segmented -

1) By Type: Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream
2) By Flavor: Vanilla, Chocolate, Fruit, Other Flavors
3) By Packaging: Cup, Cone, Stick, Brick, Tub, Other Packaging
4) By Category: Dairy, Non-Dairy
5) By Distribution Channels: Hyper market Or Super market, Ice Cream Parlor, Online Retailer, Other Distribution Channels

Subsegments:
1) By Impulse Ice Cream: Single-Serve Cups, Cones, Bars And Popsicles, Sandwiches
2) By Take-Home Ice Cream: Family-Sized Tubs, Multi-Pack Containers
3) By Artisanal Ice Cream: Small Batch Ice Cream, Gourmet Flavors, Organic And Natural Ingredients

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Who Are the Global Leaders in the Ice Cream Market?
Major companies operating 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., Inspire Brands Inc., Dairy Farmers of America Inc., Turkey Hill Dairy LP, Wells Enterprises Inc., NadaMoo! R&D Room LLC, Mars Inc., Inner Mongolia Yili Industrial Group Co. Ltd., Froneri International Limited, Tilamook CCA, Amul, Amy's Ice Creams, Agropur Dairy Cooperative, Arla Foods AMBA, Chapman's, Prairie Farms Dairy Inc., Giffords Dairy Inc., Van Leeuwen Ice Cream, Adirondack Creamery Inc., Yasso Inc., Graeter's Ice Cream, Jeni's Splendid Ice Creams, Humphry Slocombe, Coolhaus, Ben & Jerry's Homemade Holdings Inc., Häagen-Dazs, Baskins Robbins

Which are the Top Profitable Regional Markets for the Ice Cream Industry?
Asia-Pacific was the largest region in the ice cream market in 2024. Asia-pacific is expected to be the fastest-growing region in the ice cream market report during the forecast period. The regions covered in the ice cream market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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