The Ice Cream Global Market Report 2023, provides comprehensive information on the ice cream market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Ice Cream Global Market Report 2023, the 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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Product innovations are a key trend gaining popularity in the ice cream market. Major companies operating in the ice cream market are focused on developing innovative products to strengthen their position in the market. For instance, in January 2022, Magnum, a Denmark-based Belgian brand of ice cream, launched a mini-sized multi-pack of vegan ice creams in addition to a new and enhanced recipe for its vegan line of ice cream that is available in two popular vegan flavors: magnum vegan classic and magnum vegan almond. The new line provides all the richness and pleasure of a vegan magnum, the quality and flavor of which has earned the PETA Vegan food award. The smooth ice cream is created from pea protein and flavored with high-quality Madagascan vanilla, providing a wonderful combination to the tastebuds with an exquisite creamy sensation without the use of dairy components.
The ice cream market 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: Hypermarket Or Supermarket, Ice cream Parlor, Online Retailer, Other Distribution Channels
Asia-Pacific was the largest region in the ice cream market in 2022.
The table of contents in TBRC’s ice cream market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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