Ice Cream Market 2023: Exploring Growth Drivers and Overcoming Challenges to Reach US$ 94.3 Billion by 2028

The latest report published by IMARC Group, titled "Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on ice cream market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global ice cream market size reached US$ 70.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.14% during 2023-2028.

Ice cream is a beloved frozen dessert prepared primarily from milk, cream, sugar, and flavorings. The ingredients are mixed together and then churned during the freezing process to incorporate air, giving the dessert its creamy texture. It has evolved considerably, with numerous flavors and variations available today, ranging from simple vanilla to exotic gourmet options. It is not just a treat reserved for summertime but is consumed year-round and enjoyed globally. The food industry offers various types, including soft-serve, gelato, and dairy-free alternatives obtained from ingredients such as coconut milk or almond milk. Ice cream is also utilized in culinary creations, including sundaes, milkshakes, and ice cream cakes. Its significance extends beyond just being a dessert. It serves as a social bonding tool, often enjoyed at gatherings or as a comfort food.

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Market Trends:

The global market is primarily driven by the diversification of flavors and types, including non-dairy and low-calorie options. These cater to an ever-widening consumer base that includes vegans and those with dietary restrictions. Moreover, the rising health consciousness among consumers has given a propel to the demand for organic and natural ingredient-based ice creams. Also, the influence of social media is creating a positive market outlook as various platforms have made ice cream not just a food item but an experience, further driving sales through visually appealing presentations and viral trends. Seasonal and limited-time flavors often create a buzz, encouraging more frequent purchases. Furthermore, continual technological advancements in cold chain logistics have made it easier to maintain product quality during transit, thus broadening the market reach. This is particularly relevant for countries with warmer climates where ice cream meltage has historically been an issue.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Unilever
• Nestle
• Inner Mongolia Yili Industrial Group
• General Mills

Ice Cream Market Segmentation:

Our report has categorized the market based on region, flavor, category, product and distribution channel.

Flavor Insights:
• Vanilla
• Chocolate
• Fruit
• Others

Category Insights:
• Impulse Ice Cream
• Take-Home Ice Cream
• Artisanal Ice Cream

Product Insights:
• Cup
• Stick
• Cone
• Brick
• Tub
• Others

Distribution Channel Insights:
• Supermarkets/Hypermarkets
• Convenience Stores
• Ice Cream Parlors
• Online Stores
• Others

Regional Insights:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.