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Analysis of Key Market Segments Driving the Artisanal Ice Cream Market
Artisanal Ice Cream Market
Projected Market Size and Growth Forecast for the Artisanal Ice Cream Industry
The artisanal ice cream market is on track for substantial expansion, expected to reach a value of $86.6 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this rise include the increasing popularity of plant-based and lactose-free varieties, a stronger emphasis on sustainable sourcing practices, the rise of experiential dining, growth in direct-to-consumer dessert brands, and advances in freezing technology. Emerging trends fueling this growth involve the diversification of gourmet and experimental flavors, a growing demand for clean-label frozen desserts, a preference for small-batch production, the use of local and seasonal ingredients, and the premiumization of dessert experiences.
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Leading Companies Defining the Artisanal Ice Cream Market Landscape
The artisanal ice cream sector features several prominent players driving innovation and market presence. Notable companies include Havmor Ice Cream Private Limited, Salt & Straw LLC, Graeter's Ice Cream, Gelato & Co., Van Leeuwen Ice Cream LLC, Bi-Rite Creamery, Jeni's Splendid Ice Creams LLC, Fiasco Gelato, Molly Moon's Homemade Ice Cream LLC, McConnell's Fine Ice Creams Inc., Ample Hills Creamery, Ice Cream Works, Boho Gelato Ltd, La Newyorkina LLC, The Saffron Ice Cream Company Inc., Coolhaus, OddFellows Ice Cream Company Inc., High Road Craft Ice Cream, Lackey's Artisan Ice Cream LLC, Peacock's Ice Cream, and Toscanini's Ice Cream Company.
In a significant market move, June 2024 saw the UK-based food service company Bidcorp Group acquire Northern Bloc Ice Cream. This strategic purchase aims to broaden Bidcorp UK's ice cream portfolio, leveraging Northern Bloc's reputable brand and ethical values while keeping the company's operations and workforce independent. Northern Bloc is recognized for producing natural, high-quality ice cream in the UK.
Innovative Trends Driving the Artisanal Ice Cream Industry Forward
Companies in the artisanal ice cream market are increasingly focusing on innovative product development to meet changing consumer preferences. One notable trend is the revival of nostalgic flavors, which hark back to classic tastes and fond memories. These familiar flavors help brands stand out in a competitive market by offering a comforting and indulgent experience.
For example, in November 2024, India-based Ice Cream Works launched a unique lineup featuring three collections. The Classic range includes nostalgic options like banana and strawberry chocolate chip. The Premium selection offers refined flavors such as world-class strawberry and Nutella chocolate brownie, while the Luxury range features decadent choices like crispy coffee and hazelnut almond brittle. These offerings showcase the company's commitment to creativity and quality across diverse consumer tastes.
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Market Segmentation and Forecast in the Global Artisanal Ice Cream Industry
This report categorizes the artisanal ice cream market into key segments:
1) By Type: Conventional and Lactose-Free
2) By Flavor: Chocolate, Vanilla, Fruit and Nuts, and Other Flavors
3) By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, Online Retail Stores, and Other Channels
Subcategories include:
- Conventional ice cream types such as dairy-based, those flavored with natural or artificial additives, cream-based, and egg-based varieties.
- Lactose-free options cover plant-based choices, sugar-free and lactose-free products, lactose-free dairy, and gluten-free and lactose-free alternatives.
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