Ice Cream Market Rising With Growth In New Technology Trends Research By 2025

Posted by Mrudula Anil Karmarkar on April 1st, 2022

The global ice cream market is anticipated to reach USD 78.8 billion by 2025, growing at a CAGR 4.1%, according to a new report by Grand View Research, Inc. The growing demand for premium products especially in developed regions such as North America and Europe is expected to drive the ice creams sales in these regions. The major growth is expected to come from developing regions such as Asia Pacific, Latin America, and MEA. Countries such as India and China have a large consumer base which is expected to drive the sales in terms of both volume and value. However, a growing number of health-conscious consumers is expected to limit market growth over the forecast period.

The demand for lactose-free is also expected to contribute to market growth during the forecast period. The increase in demand for lactose-free ice creams is driven by an increase in cases of food intolerances and allergies. Thus, the consumers having lactose intolerance pick lactose-free ice creams. Also, these products are opted by consumers who are health conscious and prefer healthy foods.

Companies are introducing many new and innovative flavors in the ice cream segment to increase their revenue. For instance, in 2017, Ben & Jerry\'s introduced three new flavors in summer to increase their sale. The introduction of new flavors and formats is also expected to contribute significantly to the growing sales across the globe.

There has been a growing demand for the product in Asia Pacific countries such as India and China owing to a large consumer base and favorable climatic conditions for the consumption of ice creams. There is a growing demand for lactose-free products across the globe. The increase in demand for lactose-free products is driven by an increase in the cases of food intolerances and allergies. Thus, the consumers having lactose intolerance pick lactose-free ice creams. Also, these products are opted by consumers who are health conscious and prefer healthy foods. Lactose intolerant patient is not able to digest lactose which is a sugar found in milk and dairy products. As per the U.S. National Library of Medicine, around 65.0% of the human population is lactose intolerant. This condition is also common in people of Italian, Greek, Jewish, Arab, and West African descent

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Companies are introducing many new and innovative flavors in the ice cream segment to increase their revenue. For instance, in 2017, Ben & Jerry\'s introduced three new flavors in summer to increase their sale. These flavors include Oat of this Swirled, Truffle Kerfuffle, and Urban Bourbon. The introduction of new flavors is expected to drive sales growth by value, thereby increasing the overall market growth. Rising demand for premium products has led to declining sales of low-quality ice creams and the trend is expected to continue during the forecast period which is anticipated to drive the sales value of ice creams especially in developed regions such as North America and Europe

Further Key Findings From the Study Suggest:

• The impulse segment has outgrown the take-home segment in 2016 and is expected to dominate the market during the forecast period. The ice cream is likely to remain an impulse purchase as manufacturers in the developing regions have failed to lure consumers with their bulk products. Manufacturers are expected to extend their impulse product portfolio during the forecast period.
• The ice cream market is dominated by various countries which include China, the U.S., Japan, Brazil, Italy, and Germany. Asia Pacific held the largest market share in 2016 and is expected to dominate the market over the forecast period. Growth is shifting towards emerging countries such as China, India, Brazil, Indonesia, Vietnam, and South Africa, and developed regions such as North America and Europe are expected to show slow growth during the forecast period.
• Some of the key players in the ice cream market are Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries. There are numerous small and mid-size players which also contribute significantly to retail sales.

Some of the key players in the market are Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries. There are numerous small and mid-size players in individual countries that also contribute to the overall market. Manufacturers are introducing new flavors and formats to enhance their sales volume which has been decreasing especially in developed regions such as North America and Western Europe.

Grand View Research has segmented the ice cream market on the basis of product type.

Ice Cream Product Outlook (Revenue, USD Million, 2014 - 2025)

• Impulse
• Artisanal
• Take Home

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.