Ice Cream Market Size, share, Trends and Future opportunities BY 2034
Global Ice Cream Market Size-By Product, By Type, By Flavour, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: FMCG2598 | Pages: 1 - 250 | Formats*: |
| Category : Consumer & Retail | |||
Ice Cream Market Introduction and Overview
According to SPER Market Research, the Global Ice Cream Market is estimated to reach USD 178.11 billion by 2034 with a CAGR of 4.19%.
The worldwide ice cream market was valued at USD XX billion in 2024 and is predicted to increase at a CAGR of XX% from 2024 to 2034. Rising demand for unique flavor’s, varieties, and impulse ice creams such as cones, sandwiches, and pops in developing nations is likely to boost market expansion. Consumers' growing health concern is projected to drive demand for premium ice cream in the future years. Furthermore, health-conscious consumers are boosting demand for better options in the ice cream sector. This has encouraged producers to innovate and develop goods with decreased sugar, fat, and calorie content, as well as options for specific dietary requirements, such as dairy-free, gluten-free, and vegan.
In April 2024: Cold Stone Creamery has developed a limited-time product dubbed the Waffle Ice Cream Taco, which will be available exclusively at its stores nationwide from April 30 to May 5, 2024. This one-of-a-kind concoction combines Sweet Cream Ice Cream with a freshly cooked waffle taco shell, coated in rich chocolate and topped with crunchy peanuts.
In February 2024: Nestlé has unveiled their 2024 series of sharing bags inspired by popular ice cream flavors. Aero Melts, a Neapolitan flavor, Munchies Cookie Dough Ice Cream, Raspberry Ripple, Milky bar Buttons, and Rowntree's Radom’s Foamies in the shape of ice cream are among the new additions.
By Product:
In 2024, the bar ice cream segment generated around 34% of total revenue. Ice cream bars provide a quick and easy method to enjoy a delicious treat without the use of utensils or bowls, making them an appealing choice for busy consumers looking for rapid gratification. This convenience feature appeals to younger generations who value portability and simplicity of consumption in their meal choices. The expanding customer desire for convenient product options, as well as increased product innovation, is likely to drive demand for bars and pops. For example, in January 2020, Magnum introduced Magnum Ruby Minis with rich silky ice cream, giving the ultimate premium product in the United States.
By Type:
In 2024, dairy and water-based ice cream generated approximately 96.51% of total sales. Ice creams are dairy-based frozen treats that are commonly consumed as sweets or snacks. According to federal legislation or identity criteria, ice cream must contain at least 10% milk fat and 20% milk solids by weight. With rapidly rising urbanization and technological advancements in the European dairy sector, the demand for luxury ice cream and everyday ice cream desserts items continues to climb sharply in Europe. The use of innovative components such as whole milk, skim milk, and sweetening and flavoring agents is the primary element driving the annual income of the European market.
By Flavour:
Chocolate flavor ice cream had a revenue share of approximately 33.82% in 2024. Chocolate-flavored ice cream has seen an increase in demand as a result of the emergence of novel flavor combinations and premium offers. Manufacturers are continuously experimenting with different cocoa blends, chocolate suppliers, and extra ingredients like nuts, cookies, and caramel swirls to produce distinct and delectable flavor profiles. This variety caters to a wide spectrum of consumer preferences, including traditionalists looking for a pure chocolate flavor and adventurous consumers wanting bold and unique taste experiences. There is an increasing consumer demand for healthier, more natural food alternatives. Fruit-flavored ice creams are frequently regarded as healthier alternatives to standard tastes due to their relationship with real fruit ingredients.
By Distributional Channel:
In 2024, the retail channel segment generated around 79.62% of total revenue. This substantial percentage is due to rising customer demand for rich and premium ice cream products. As disposable incomes improve, more people are willing to pay for high-quality, artisanal, and gourmet ice cream with distinctive flavors and experiences. This trend is fueled by a growing preference for quality ingredients and clearer labels, with many consumers looking for products created with natural and organic components that are free of artificial additives and preservatives. Food service operators are increasingly experimenting with unique and exotic flavors to cater to curious customers seeking new experiences. This trend is also evident in the increased popularity of artisanal and gourmet ice creams that emphasize premium ingredients.
By Region:
The Ice Cream market in North America accounted for 36.85% of worldwide revenue in 2024. The older population is becoming more aware of bone health and the role of calcium in avoiding osteoporosis. Governments and health organizations play critical roles in encouraging the consumption of calcium-fortified foods. The United States has developed measures to encourage the fortification of staple foods with critical elements, such as calcium. For example, the United States Food and Drug Administration (FDA) develop standards for fortifying foods to address vitamin shortages in the population.
Market Competitive Landscape:
The Global Ice Cream Market is highly consolidated. Some of the market players are Blue Bell Creameries, Cold Stone Creamery, Danone S.A., General Mills, Inc., Inspire Brands, Inc. (Baskin Robbins), NadaMoo, Nestlé SA, Unilever PLC, Wells Enterprises, American Dairy Queen Corporation and Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Type, By Flavour, By Distribution Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Blue Bell Creameries, Cold Stone Creamery, Danone S.A., General Mills, Inc., Inspire Brands, Inc. (Baskin Robbins), NadaMoo, Nestlé SA, Unilever PLC, Wells Enterprises, American Dairy Queen Corporation and Others. |
- Global Ice Cream Market Size (FY’2025-FY’2034)
- Overview of Global Ice Cream Market
- Segmentation of Global Ice Cream Market By Product (Cartons, Tubs, Cups, Cones, Bars)
- Segmentation of Global Ice Cream Market By Type (Dairy & Water-based and Vegan)
- Segmentation of Global Ice Cream Market By Flavour (Chocolate, Vanilla, Fruit and Others)
- Segmentation of Global Ice Cream Market By Distribution Channel(Foodservice and Retail)
- Statistical Snap of Global Ice Cream Market
- Expansion Analysis of Global Ice Cream Market
- Problems and Obstacles in Global Ice Cream Market
- Competitive Landscape in the Global Ice Cream Market
- Details on Current Investment in Global Ice Cream Market
- Competitive Analysis of Global Ice Cream Market
- Prominent Players in the Global Ice Cream Market
- SWOT Analysis of Global Ice Cream Market
- Global Ice Cream Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Ice Cream Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Ice Cream Market
7. Global Ice Cream Market, By Product 2021-2034(USD Million)
- 7.1. Cartons
- 7.2. Tubs
- 7.3. Cups
- 7.4. Cones
- 7.5. Bars
8. Global Ice Cream Market, By Type 2021-2034(USD Million)
- 8.1. Dairy & Water-based
- 8.2. Vegan
9. Global Ice Cream Market, By Flavour 2021-2034(USD Million)
- 9.1. Chocolate
- 9.2. Vanilla
- 9.3. Fruit
- 9.4. Others
10. Global Ice Cream Market, By Distribution Channel 2021-2034(USD Million)
- 10.1. Foodservice
- 10.2. Retail
11. Global Ice Cream Market Forecast, 2021-2034 (USD Million)
- 11.1. Global Ice Cream Market Size and Market Share
12. Global Ice Cream Market, By Region, 2021-2034 (USD Million)
- 12.1. Asia-Pacific
- 12.1.1. Australia
- 12.1.2. China
- 12.1.3. India
- 12.1.4. Japan
- 12.1.5. South Korea
- 12.1.6. Rest of Asia-Pacific
- 12.2. Europe
- 12.2.1. France
- 12.2.2. Germany
- 12.2.3. Italy
- 12.2.4. Spain
- 12.2.5. United Kingdom
- 12.2.6. Rest of Europe
- 12.3. Middle East and Africa
- 12.3.1. Kingdom of Saudi Arabia
- 12.3.2. United Arab Emirates
- 12.3.3. Qatar
- 12.3.4. South Africa
- 12.3.5. Egypt
- 12.3.6. Morocco
- 12.3.7. Nigeria
- 12.3.8. Rest of Middle-East and Africa
- 12.4. North America
- 12.4.1. Canada
- 12.4.2. Mexico
- 12.4.3. United States
- 12.5. Latin America
- 12.5.1. Argentina
- 12.5.2. Brazil
- 12.5.3. Rest of Latin America
13. Company Profile
- 13.1. Blue Bell Creameries
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. Cold Stone Creamery
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Danone S.A.
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3.Product summary
- 13.3.4.Recent developments
- 13.4.General Mills, Inc.
- 13.4.1.Company details
- 13.4.2.Financial outlook
- 13.4.3.Product summary
- 13.4.4.Recent developments
- 13.5. Inspire Brands, Inc. (Baskin Robbins)
- 13.5.1.Company details
- 13.5.2.Financial outlook
- 13.5.3.Product summary
- 13.5.4.Recent developments
- 13.6. NadaMoo
- 13.6.1.Company details
- 13.6.2.Financial outlook
- 13.6.3.Product summary
- 13.6.4.Recent developments
- 13.7.Nestlé SA
- 13.7.1.Company details
- 13.7.2.Financial outlook
- 13.7.3.Product summary
- 13.7.4.Recent developments
- 13.8. Unilever PLC
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. Wells Enterprises
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4.Recent developments
- 13.10. American Dairy Queen Corporation
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
14.Conclusion
15.List of Abbreviations
16.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Ice Cream Market is projected to reach USD 178.11 billion by 2034, growing at a CAGR of of 4.19% during the forecast period.
Ice Cream Market grew in Market size from 2025. The Market is expected to reach USD 178.11 billion by 2034, at a CAGR of 4.19% during the forecast period.
Ice Cream Market CAGR of 4.19% during the forecast period.
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Ice Cream Market size is USD 178.11 billion from 2025 to 2034.
Ice Cream Market is covered By Product, By Type, By Flavour, By Distribution Channel
The North America, Asia-Pacific, Latin America, Middle East & Africa and Europe is the highest Market share in the Ice Cream Market.
Blue Bell Creameries, Cold Stone Creamery, Danone S.A., General Mills, Inc., Inspire Brands, Inc. (Baskin Robbins), NadaMoo, Nestlé SA, Unilever PLC, Wells Enterprises, American Dairy Queen Corporation and Others.
The worldwide ice cream market was valued at USD XX billion in 2024 and is predicted to increase at a CAGR of XX% from 2024 to 2034. Rising demand for unique flavor's, varieties, and impulse ice creams such as cones, sandwiches, and pops in developing nations is likely to boost market expansion.
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