The North American ice cream market was valued at USD 23.62 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period.
Market Definition: Ice cream is a frozen treat made by blending sweeteners and various flavors with milk or dairy alternatives. The market features a wide range of options, from classic vanilla and chocolate to hybrid varieties like mint chocolate chip, butter pecan, and cookie dough. The North American ice cream market is segmented by product type, flavor, distribution channel, and geography. Product types include impulse ice cream, take-home ice cream, and artisanal ice cream. Flavors are categorized into vanilla, chocolate, fruit, and others. Distribution channels consist of online platforms, supermarkets, convenience stores, and specialty stores. Geographic coverage includes major North American countries such as the US, Canada, and Mexico, with market sizing and forecasts provided in USD billion.
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Market Dynamics: There is a growing demand for premium ice cream in North America, particularly among health-conscious consumers who seek low-calorie or sugar-free options. For instance, Nestlé SA launched a new ice cream collection called Haven in 2020, which contains half the fat, one-third the calories, and 25% less sugar than traditional ice cream.
Health concerns are driving consumers towards non-GMO, preservative-free, dairy-free, low-calorie, organic, and fat-free ice cream products. This segment has achieved significant sales in the US market, largely due to its widespread availability and the premium pricing of take-home ice cream options. Value packs of these products are also attracting attention from retail consumers.
Segment Analysis:
- By Type: The market is divided into impulse ice cream, take-home ice cream, and artisanal ice cream. The impulse ice cream segment holds the largest market share, including products like cones, popsicles, cups, and bars. Artisanal ice cream, known for its high-quality ingredients, is the fastest-growing segment and is expected to reach USD 25,340 million by 2030. The demand for handcrafted ice cream and a diverse range of options are contributing to this growth.
- By Flavors: The market is segmented into vanilla, chocolate, fruit, and other flavors. Vanilla remains the most popular flavor, appreciated for its traditional taste that appeals to consumers of all ages. The preference for familiar flavors over new or unconventional options supports the strong demand for vanilla ice cream.
- By Distribution Channel: Distribution channels include supermarkets, specialty stores, convenience stores, and online platforms. Supermarkets dominate the market with a revenue share exceeding 74.4% in 2023 and are expected to maintain this lead throughout the forecast period. Consumers’ growing interest in new flavors and the wide variety of ice cream products available in retail stores, such as sundaes, fudges, bars, and popsicles, are driving sales through this channel. The availability of diverse and innovative ice cream options in supermarkets is a key factor in sustaining market growth.
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North America Ice Cream Market Key Players:
- General Mills Inc (US)
- Mars (US)
- Blue Bell Creameries (US)
- Wells Dairy Inc (US)
- Turkey Hill (US)
- Buskin Robbins (US)
- Haagen Dazs (US)
- Blue Bunny (US)
Key questions answered in the North America Ice Cream Market are:
- What is North America Ice Cream?
- What was the North America Ice Cream market size in 2023?
- What is the growth rate of the North America Ice Cream Market?
- Which are the factors expected to drive the North America Ice Cream market growth?
- What are the different segments of the North America Ice Cream Market?
- What growth strategies are the players considering to increase their presence in North America Ice Cream?
- What are the upcoming industry applications and trends for the North America Ice Cream Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the North America Ice Cream Market?
- What segments are covered in the North America Ice Cream Market?
- Who are the leading companies and what are their portfolios in North America Ice Cream Market?
- What segments are covered in the North America Ice Cream Market?
- Who are the key players in the North America Ice Cream market?
For a detailed overview of this study, click here: https://www.stellarmr.com/report/North-America-Ice-Cream-Market/1233
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
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