Global Ice Cream Market Size, Insights, Drivers, Opportunities, By Type (Impulse, Artisanal, Take Home), By Distribution Channel (On Trade, Hyper & Super Market, Convenience Store, Others), By Region, Growth, Trends and Forecast from 2019 to 2027
Global Ice Cream Market Size, Insights, Drivers, Opportunities, By Type (Impulse, Artisanal, Take Home), By Distribution Channel (On Trade, Hyper & Super Market, Convenience Store, Others), By Region, Growth, Trends and Forecast from 2019 to 2027
Historic years: 2015 to 2017 Base Year: 2018 Forecast Years: 2019 to 2027
Number of pages: 100 Category: F&B Report Id: MISFnB5003
Market Insights The global ice cream market was valued at USD 60.13 billion in 2018 and is estimated to reach a value of USD 84.09 billion in 2027. The market is analyzed to rise at a CAGR of 3.80% over the forecast period of 2019 to 2027. The major drivers attributing the market growth are growing demand of premium product and rising product innovation by leading manufacturers. 
Companies are increasing their product line in the industry. At times they launch new products in summers to get more customer traction. For instance, in 2017, Ben & Jerry's has launched three different flavors such as Oat of this Swirled, Urban Bourbon and Truffle Kerfuffle during peak summer time. It has been observed that manufacturers are using social media as a tool to increase their brand visibility. For instance, TASTY has around 500 million social media viewers and 86.86 billion video viewers. There recipes such as tasty white chocolate raspberry lava cake, salted chocolate and caramel pretzel bars are popular across U.S consumers. The demand for lactose-free ice cream is driven by an increase in cases of allergies and food intolerances. These products are opted by the consumers who are health conscious and prefer healthy foods. As per the report of U.S. National Library of Medicine, around 65% of the population is lactose intolerant. By understanding this market opportunity, companies are introducing lactose free products in the market. For instance, Sara Lee has launched lactose free ice cream under the brand Breyers. Type Insights Impulse type category was valued to be the largest segment by accounting for 53.61% of the global market in 2018. This category includes cones, ice-lollies, cups, ice cream bars, and sticks. Artisanal is expected to be the fastest growing category and is expected to reach USD 25.34 billion in 2027. Availability of large product variety will attribute the market growth. Growing demand for hand-made ice creams containing high quality ingredients is another significant factor to note. Distribution channel Insights On trade distribution channel was valued to be the largest segment in 2018. People prefer to purchase from this channel due to large availability of stores across the globe. It became convenient for the customer to purchase any quantity from these stores. 
Convenience store category is expected to grow at a faster pace over the forecast period of 2019 to 2027. It has been observed that the availability of the convenience store is higher than any other distribution channel which is driving the market growth. Another factor attributing the market growth is the availability of different brands where consumers can choose as per their preference. Majority of the customers prefer to purchase take home products from convenience store. Regional Insights North America is the largest consumer of by accounting for more than 25% of the market in 2018. Growing indulgence of sweet dishes is driving the growth. U.S. people prefer to consume the product on deserts too. Growing lactose intolerance has created a demand of lactose free ice cream demand in the crowd. Asia Pacific is expected to grow at a CAGR of 5.62% from 2019 to 2025. Major companies are entering the Asia Pacific region to tap the unexplored market. It has been observed that the cold logistic chain is also increasing in the region. Swiss cold logistics company Kuehne + Nagel has built 50,000 square feet cold storage facility in Singapore in 2017 to cater the growing Asia Pacific market. Competitive Landscape Global ice cream market is fragmented by nature with the presence of many private level players. Leading market players are investing on their R&D to increase their distribution channels capacity. For instance, Nestle SA is in the process of establishing new on trade distribution channelion houses with an investment of 19.5Million USD in the project. Research Methodology The following report consists of market analysis including both primary and secondary research. Primary research comprises the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant publications which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.
Global ice cream market size by region, 2018 (USD Billion)
Companies are increasing their product line in the industry. At times they launch new products in summers to get more customer traction. For instance, in 2017, Ben & Jerry's has launched three different flavors such as Oat of this Swirled, Urban Bourbon and Truffle Kerfuffle during peak summer time. It has been observed that manufacturers are using social media as a tool to increase their brand visibility. For instance, TASTY has around 500 million social media viewers and 86.86 billion video viewers. There recipes such as tasty white chocolate raspberry lava cake, salted chocolate and caramel pretzel bars are popular across U.S consumers. The demand for lactose-free ice cream is driven by an increase in cases of allergies and food intolerances. These products are opted by the consumers who are health conscious and prefer healthy foods. As per the report of U.S. National Library of Medicine, around 65% of the population is lactose intolerant. By understanding this market opportunity, companies are introducing lactose free products in the market. For instance, Sara Lee has launched lactose free ice cream under the brand Breyers. Type Insights Impulse type category was valued to be the largest segment by accounting for 53.61% of the global market in 2018. This category includes cones, ice-lollies, cups, ice cream bars, and sticks. Artisanal is expected to be the fastest growing category and is expected to reach USD 25.34 billion in 2027. Availability of large product variety will attribute the market growth. Growing demand for hand-made ice creams containing high quality ingredients is another significant factor to note. Distribution channel Insights On trade distribution channel was valued to be the largest segment in 2018. People prefer to purchase from this channel due to large availability of stores across the globe. It became convenient for the customer to purchase any quantity from these stores. Global ice cream market share by distribution channel, 2027 (%)
Convenience store category is expected to grow at a faster pace over the forecast period of 2019 to 2027. It has been observed that the availability of the convenience store is higher than any other distribution channel which is driving the market growth. Another factor attributing the market growth is the availability of different brands where consumers can choose as per their preference. Majority of the customers prefer to purchase take home products from convenience store. Regional Insights North America is the largest consumer of by accounting for more than 25% of the market in 2018. Growing indulgence of sweet dishes is driving the growth. U.S. people prefer to consume the product on deserts too. Growing lactose intolerance has created a demand of lactose free ice cream demand in the crowd. Asia Pacific is expected to grow at a CAGR of 5.62% from 2019 to 2025. Major companies are entering the Asia Pacific region to tap the unexplored market. It has been observed that the cold logistic chain is also increasing in the region. Swiss cold logistics company Kuehne + Nagel has built 50,000 square feet cold storage facility in Singapore in 2017 to cater the growing Asia Pacific market. Competitive Landscape Global ice cream market is fragmented by nature with the presence of many private level players. Leading market players are investing on their R&D to increase their distribution channels capacity. For instance, Nestle SA is in the process of establishing new on trade distribution channelion houses with an investment of 19.5Million USD in the project. Research Methodology The following report consists of market analysis including both primary and secondary research. Primary research comprises the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant publications which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details. About Us
Market Insight Solutions is a leading market research firm. We cater to a diverse portfolio of research campaigns. We are one of the fastest-growing research organization. Furthermore, we are led by an extensive team of individuals. In addition, our strategic insights aim at providing credible solutions. They specifically meet the requirements of brands globally. We also offer fact-based market studies serving across cross domains. In addition to this, we further help in identifying emerging market trends and dynamics This will assist your brand to cater to their services and products. We collaborate with top key industry experts across the globe to analyze market insights Highlights of the report:- All market drifts, drivers and opportunities
- Understanding the dynamics of the parent market
- Prime fluctuations of the business dynamics
- Historical, current, and projected size of the market with respect to production and sales
- Segmentation and comprehensive analysis in the second or third level
- Reporting and evaluation of recent industry developments
- Detailed profiling of leading companies
- Opportunities to newer trends in global, regional and country markets
- Analyzing the trajectory line of the business
- Measures to consider for ice cream products in the industry
- Impulse
- Artisanal
- Take home
- On trade
- Hyper & super market
- Convenience store
- Others
- North America
- U.S
- Canada
- Mexico
- Europe
- U.K
- Italy
- Germany
- Asia Pacific
- China
- India
- Japan
- Australia
- Central & South America
- Middle East & Africa
