Ice Cream Market Size Worth $114.7 Billion by 2030 at CAGR of 4.2%: Grand View Research, Inc.
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Read 80-page market research report, "Ice Cream Market Size, Share & Trends Analysis Report By Product (Bars & Pops, Cups & Tub), By Type (Dairy & Water-based, Vegan), By Flavor (Chocolate, Vanilla, Fruit), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Ice Cream Market Growth & Trends
The demand for lactose-free ice cream is also expected to contribute to market growth during the forecast period. The market is driven by an increase in the cases of food intolerances and allergies. Consumers suffering from lactose intolerance prefer dairy-free and vegan ice creams. Health-conscious consumers also prefer these variants to meet their demand for healthy foods.
In terms of product, the bars & pops segment is expected to register the second-highest CAGR during the forecast period. A significant rise in product launches by well-established players across the globe is expected to fuel the demand for bars and pops. For instance, White Rabbit, a leading brand in Shanghai launched a pack of five pieces of ice cream candies and bars with natural and high-quality milk ice cream candies packaged in a retro box. Such product developments are expected to boost the demand for ice cream bars and provide a fillip to the segment.
The retail distribution channel segment contributed the largest revenue share of the global market in 2021. Most of the products launched by companies are debuted at big supermarkets such as Walmart, Tesco, and Kroger due to their large customer base. According to the article published in The Grocer in March 2021, brands such as Twister Peek-a-Blue, Guud Passion Fruit, Cornetto Go have been launching their products in supermarkets every summer.
The key players already have a large consumer base, strong brand recognition, and vast distribution networks with brand loyalty among consumers across the globe, all of which will favor these companies in the global market.
Ice Cream Market Segmentation
Grand View Research has segmented the global ice cream market based on product, type, flavor, distribution channel, and region:
Ice Cream Market - Product Outlook (Revenue, USD Million, 2017 - 2030)
Ice Cream Market - Type Outlook (Revenue, USD Million, 2017 - 2030)
Ice Cream Market - Flavor Outlook (Revenue, USD Million; 2017 - 2030)
Ice Cream Market - Distribution Channel Outlook (Revenue, USD Million; 2017 - 2030)
Ice Cream Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players in the Ice Cream Market
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Browse through Grand View Research's Consumer F&B Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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