The global ice cream market size reached US$ 62 Billion in 2019. Ice cream is a sweet, frozen dessert made from a combination of milk, cream and artificial or natural flavorings. Some variants like frozen custard and French ice creams also use egg as one of the main ingredients. Ice cream is a rich source of carbohydrates, calcium, phosphorus, thiamine, riboflavin, niacin and folate, as well as vitamins A, C, D, E, K, B-6 and B-12. There are numerous flavors available in the market amongst which the most popular are strawberry, chocolate, and vanilla. Ice cream is one of the oldest desserts with its commercial production dating back to the early 1850s, when the first large-scale manufacturing plant was established in Baltimore, Maryland. Since then, rapid advancements in logistics and production processes have enabled manufacturers to offer ice cream through nearly every restaurant, supermarket and corner store.
Over the past few years, rising health consciousness and better knowledge have led consumers to shift toward upmarket treats, which are formulated with unusual and organic ingredients. Besides, several governing bodies across the globe are issuing new regulations pertaining to the labeling, ingredients and manufacturing of ice cream. For instance, the Food Safety and Standards Authority of India (FSSAI) is planning to introduce labeling requirements for frozen desserts in 2020. The norms will require Food Business Operators (FBOs) to prominently mention the percentage amount of vegetable proteins or vegetable fat/oil on the label. Apart from this, rapid urbanization has led to an expansion in modern retail formats such as departmental stores, hypermarkets, supermarkets and convenience stores, which is contributing to an increase in sales. Moreover, owing to the income elastic nature of ice cream consumption, rising disposable incomes and the improving purchasing power of consumers are escalating its per capita consumption in emerging regions like India and China. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2020-2025.
Breakup by Flavor:
- Vanilla
- Chocolate
- Fruit
- Others
Currently, vanilla is mostly preferred by consumers as it is used in the preparation of several other desserts.
Breakup by Category:
- Impulse
- Take-Home
- Artisanal
Amongst the categories mentioned above, impulse ice cream is expected to maintain its dominant position during the forecast period.
Breakup by Product:
- Cup
- Stick
- Cone
- Brick
- Tub
- Others
At present, the majority of consumers prefer purchasing ice cream cups.
Breakup by Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Ice Cream Parlors
- Online Stores
- Others
Supermarkets and hypermarkets represent the most popular distribution channel as they offer a wide collection of brands and flavors to the consumers.
Regional Insights:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East and Africa
Asia Pacific presently accounts for the majority of the market share, on account of improvements in cold chain facilities which have improved the availability of ice cream in rural areas as well.
Key Questions Answered in This Report:
The global ice cream market was worth around US$ 62 Billion in 2019.
According to the estimates by IMARC Group, the global ice cream market will exhibit moderate growth during the next five years.
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, vanilla 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 Asia Pacific dominates the global market.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ice Cream Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Flavour
5.6 Market Breakup by Category
5.7 Market Breakup by Product
5.8 Market Breakup by Distribution Channel
5.9 Market Breakup by Region
5.10 Market Forecast
5.11 SWOT Analysis
5.11.1 Overview
5.11.2 Strengths
5.11.3 Weaknesses
5.11.4 Opportunities
5.11.5 Threats
5.12 Value Chain Analysis
5.12.1 Raw Material Procurement
5.12.2 Manufacturing
5.12.3 Marketing
5.12.4 Distribution
5.12.5 Exports
5.12.6 End-Use
5.13 Porter’s Five Forces Analysis
5.13.1 Overview
5.13.2 Bargaining Power of Buyers
5.13.3 Bargaining Power of Suppliers
5.13.4 Degree of Competition
5.13.5 Threat of New Entrants
5.13.6 Threat of Substitutes
5.14 Key Success Factors and Risk Factors
6 Market Breakup by Flavour
6.1 Chocolate
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fruit
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Vanilla
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Category
7.1 Impulse Ice Cream
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Take-Home Ice Cream
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Artisanal Ice Cream
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Product
8.1 Cup
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Stick
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cone
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Brick
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Tub
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Supermarkets/Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Convenience stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Ice cream Parlours
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Online Stores
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 Asia-Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Latin America
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Forecast
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
12 Ice Cream Manufacturing Process
12.1 Product Overview
12.2 Detailed Process Flow
12.3 Various Types of Unit Operations Involved
12.4 Mass Balance and Raw Material Requirements
13 Project Details, Requirements and Costs Involved
13.1 Land Requirements and Expenditures
13.2 Construction Requirements and Expenditures
13.3 Plant Machinery
13.4 Machinery Pictures
13.5 Raw Material Requirements and Expenditures
13.6 Raw Material and Final Product Pictures
13.7 Packaging Requirements and Expenditures
13.8 Transportation Requirements and Expenditures
13.9 Utility Requirements and Expenditures
13.10 Manpower Requirements and Expenditures
13.11 Other Capital Investments
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
16 Key Player Profiles
List of Figures
Figure 1: Global: Ice Cream Market: Major Drivers and Challenges
Figure 2: Global: Ice Cream Market: Volume Trends (in Million Tons), 2012-2019
Figure 3: Global: Ice Cream Market: Value Trends (in Billion US$), 2012-2019
Figure 4: Global: Ice Cream Market: Average Price Trends (in US$/Litre), 2012-2019
Figure 5: Ice Cream Market: Price Structure (in US$/Litre)
Figure 6: Global: Ice Cream Market: Breakup by Region (in %), 2019
Figure 7: Global: Ice Cream Market: Breakup by Flavour (in %), 2019
Figure 8: Global: Ice Cream Market: Breakup by Category (in %), 2019
Figure 9: Global: Ice Cream Market: Breakup by Product (in %), 2019
Figure 10: Global: Ice Cream Market: Breakup by Distribution Channel (in %), 2019
Figure 11: Global: Ice Cream Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 12: Global: Ice Cream Market Forecast: Value Trends (in Billion US$), 2020-2025
Figure 13: Global: Ice Cream Market Forecast: Average Price Trends (in US$/Litre), 2020-2025
Figure 14: Global: Ice Cream Industry: SWOT Analysis
Figure 15: Global: Ice Cream Industry: Value Chain Analysis
Figure 16: Global: Ice Cream Industry: Porter’s Five Forces Analysis
Figure 17: Asia-Pacific: Ice Cream Market: Volume Trends (in Tons), 2012 & 2019
Figure 18: Asia-Pacific: Ice Cream Market Forecast: Volume Trends (in Tons), 2020-2025
Figure 19: North America: Ice Cream Market: Volume Trends (in Tons), 2012 & 2019
Figure 20: North America: Ice Cream Market Forecast: Volume Trends (in Tons), 2020-2025
Figure 21: Europe: Ice Cream Market: Volume Trends (in Tons), 2012 & 2019
Figure 22: Europe: Ice Cream Market Forecast: Volume Trends (in Tons), 2020-2025
Figure 23: Latin America: Ice Cream Market: Volume Trends (in Tons), 2012 & 2019
Figure 24: Latin America: Ice Cream Market Forecast: Volume Trends (in Tons), 2020-2025
Figure 25: Middle East and Africa: Ice Cream Market: Volume Trends (in Tons), 2012 & 2019
Figure 26: Middle East and Africa: Ice Cream Market Forecast: Volume Trends (in Tons), 2020-2025
Figure 27: Global: Ice Cream Market (Chocolate Flavour): Volume Trends (in Tons), 2012 & 2019
Figure 28: Global: Ice Cream Market Forecast (Chocolate Flavour): Volume Trends (in Tons), 2020-2025
Figure 29: Global: Ice Cream Market (Fruit Flavour): Volume Trends (in Tons), 2012 & 2019
Figure 30: Global: Ice Cream Market Forecast (Fruit Flavour): Volume Trends (in Tons), 2020-2025
Figure 31: Global: Ice Cream Market (Vanilla Flavour): Volume Trends (in Tons), 2012 & 2019
Figure 32: Global: Ice Cream Market Forecast (Vanilla Flavour): Volume Trends (in Tons), 2020-2025
Figure 33: Global: Ice Cream Market (Other Flavours): Volume Trends (in Tons), 2012 & 2019
Figure 34: Global: Ice Cream Market Forecast (Other Flavours): Volume Trends (in Tons), 2020-2025
Figure 35: Global: Impulse Ice Cream Market: Volume Trends (in Tons), 2012 & 2019
Figure 36: Global: Impulse Ice Cream Market Forecast: Volume Trends (in Tons), 2020-2025
Figure 37: Global: Take-Home Ice Cream Market: Volume Trends (in Tons), 2012 & 2019
Figure 38: Global: Take-Home Ice Cream Market Forecast: Volume Trends (in Tons), 2020-2025
Figure 39: Global: Artisanal Ice Cream Market: Volume Trends (in Tons), 2012 & 2019
Figure 40: Global: Artisanal Ice Cream Market Forecast: Volume Trends (in Tons), 2020-2025
Figure 41: Global: Ice Cream Market (Cup): Volume Trends (in Tons), 2012 & 2019
Figure 42: Global: Ice Cream Market Forecast (Cup): Volume Trends (in Tons), 2020-2025
Figure 43: Global: Ice Cream Market (Stick): Volume Trends (in Tons), 2012 & 2019
Figure 44: Global: Ice Cream Market Forecast (Stick): Volume Trends (in Tons), 2020-2025
Figure 45: Global: Ice Cream Market (Cone): Volume Trends (in Tons), 2012 & 2019
Figure 46: Global: Ice Cream Market Forecast (Cone): Volume Trends (in Tons), 2020-2025
Figure 47: Global: Ice Cream Market (Brick): Volume Trends (in Tons), 2012 & 2019
Figure 48: Global: Ice Cream Market Forecast (Brick): Volume Trends (in Tons), 2020-2025
Figure 49: Global: Ice Cream Market (Tub): Volume Trends (in Tons), 2012 & 2019
Figure 50: Global: Ice Cream Market Forecast (Tub): Volume Trends (in Tons), 2020-2025
Figure 51: Global: Ice Cream Market (Other Types): Volume Trends (in Tons), 2012 & 2019
Figure 52: Global: Ice Cream Market Forecast (Other Types): Volume Trends (in Tons), 2020-2025
Figure 53: Global: Ice Cream Market: Sales through Supermarkets/Hypermarkets (in Tons), 2012 & 2019
Figure 54: Global: Ice Cream Market Forecast: Sales through Supermarkets/Hypermarkets (in Tons), 2020-2025
Figure 55: Global: Ice Cream Market: Sales through Convenience stores (in Tons), 2012 & 2019
Figure 56: Global: Ice Cream Market Forecast: Sales through Convenience stores (in Tons), 2020-2025
Figure 57: Global: Ice Cream Market: Sales through Ice cream Parlours (in Tons), 2012 & 2019
Figure 58: Global: Ice Cream Market Forecast: Sales through Ice cream Parlours (in Tons), 2020-2025
Figure 59: Global: Ice Cream Market: Online Sales (in Tons), 2012 & 2019
Figure 60: Global: Ice Cream Market Forecast: Online Sales (in Tons), 2020-2025
Figure 61: Global: Ice Cream Market: Sales through Other Distribution Channel (in Tons), 2012 & 2019
Figure 62: Global: Ice Cream Market Forecast: Sales through Other Distribution Channel (in Tons), 2020-2025
Figure 63: Ice Cream Manufacturing Plant: Detailed Process Flow
Figure 64: Ice Cream Manufacturing Process: Conversion Rate of Products
Figure 65: Ice Cream Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 66: Ice Cream Industry: Profit Margins at Various Levels of the Supply Chain
Figure 67: Ice Cream Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Ice Cream Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Ice Cream Market Forecast: Breakup by Flavour (in Tons), 2020-2025
Table 3: Global: Ice Cream Market Forecast: Breakup by Category (in Tons), 2020-2025
Table 4: Global: Ice Cream Market Forecast: Breakup by Product (in Tons), 2020-2025
Table 5: Global: Ice Cream Market Forecast: Breakup by Distribution Channel (in Tons), 2020-2025
Table 6: Global: Ice Cream Market Forecast: Breakup by Region (in Tons), 2020-2025
Table 7: Global: Ice Cream Market: Competitive Structure
Table 8: Global: Overview of Top Ice Cream Manufacturers
Table 9: Typical Composition of Ice Cream
Table 10: Ice Cream Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 11: Ice Cream Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 12: Ice Cream Manufacturing Plant: Costs Related to Machinery (in US$)
Table 13: Ice Cream Manufacturing Plant: Raw Material Requirements (Tons/Day) and Expenditures (US$/Ton)
Table 14: Ice Cream Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 15: Ice Cream Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 16: Details of Financial Assistance Offered by Financial Institutions
Table 17: Ice Cream Manufacturing Plant: Capital Costs (in US$)
Table 18: Ice Cream Manufacturing Plant: Techno-Economic Parameters
Table 19: Ice Cream Manufacturing Plant: Taxation and Depreciation (in US$)
Table 20: Ice Cream Manufacturing Plant: Income Projections (in US$)
Table 21: Ice Cream Manufacturing Plant: Expenditure Projections (in US$)
Table 22: Ice Cream Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 23: Ice Cream Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 24: Ice Cream Manufacturing Plant: Profit and Loss Account (in US$)