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The global ice cream market reached a value of US$ 70.6 Billion in 2022.
According to the estimates by IMARC Group, the global ice cream market is expected to exhibit a CAGR of 5.14% during 2023-2028.
Increasing demand for convenience food, along with the improving purchasing power of the consumers, is primarily driving the global ice cream market.
The growing health consumer consciousness have led to emergence of innovative product variants, such as gluten-free, organic, and lactose-free ice-creams, thereby representing one of the key trends in the global ice cream market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations and state of emergency across several nations resulting in temporary shutdown of numerous manufacturing units and supply chain disruptions for ice-creams.
On the basis of the flavor, the market has been bifurcated into chocolate, fruit, vanilla, and others. Amongst these, chocolate flavor holds the majority of the total market share.
On the basis of the category, the market has been classified into impulse, take-home, and artisanal ice creams. At present, impulse ice cream segment exhibits a clear dominance in the market.
On the basis of the product, the market has been categorized into cup, stick, cone, brick, tub, and others. Ice cream cups currently account for the majority of the total market share.
On the basis of the distribution channel, the market has been segregated into supermarkets and hypermarkets, convenience stores, ice cream parlors, online stores, and others. Amongst these, supermarkets and hypermarkets currently account for the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
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