Ice Cream Market Size, Share, Trends and Forecast | 2025-2034
Ice Cream Market Outlook
The global ice cream market size has demonstrated significant growth in recent years, driven by shifting consumer preferences, expanding product offerings, and innovations in flavors and textures. According to the report by Expert Market Research (EMR), the global ice cream market attained a value of USD 83.24 Billion in 2024. With the increasing demand for indulgent yet innovative frozen desserts, the market is projected to grow at a compound annual growth rate (CAGR) of 4.30% between 2025 and 2034, reaching a value of USD 126.82 Billion by 2034.
Ice cream is a universally popular frozen dessert, made from dairy products and other ingredients such as sweeteners, flavorings, and stabilizers. It has become an essential part of global culture, with widespread consumption across various regions and demographic segments. The ice cream market is increasingly influenced by consumer trends such as health and wellness, the demand for premium and artisanal products, and an increasing interest in plant-based alternatives. As the market evolves, brands are constantly innovating to meet the diverse demands of modern consumers.
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Market Drivers
Rising Consumer Preference for Premium and Artisanal Products: One of the key drivers of the ice cream market is the increasing preference for premium, artisanal, and indulgent products. Consumers are becoming more discerning, seeking high-quality ingredients and unique flavor profiles. This shift towards premium ice cream products has prompted brands to develop more luxurious options, using natural ingredients and catering to more refined tastes. In addition, the trend of artisanal ice cream, which emphasizes small-batch production and customization, is also gaining traction, especially in developed markets.
This premiumization of the market has also led to a rise in the availability of exotic and experimental flavors. Consumers are increasingly drawn to adventurous flavor combinations and unique ingredients, such as matcha, lavender, and salted caramel, which appeal to their desire for novel and distinctive experiences.
Growing Demand for Health-Conscious and Low-Calorie Options: With the rising focus on health and wellness, many consumers are seeking out healthier alternatives to traditional indulgent ice cream. As a result, there has been an increasing demand for ice cream products that are low in fat, sugar, and calories. Brands are responding to this trend by offering a wide range of healthier ice cream options, including low-calorie, sugar-free, and high-protein varieties.
Additionally, there has been a surge in the popularity of dairy-free and gluten-free ice cream, catering to consumers with dietary restrictions or preferences. These products are often made with alternative milk sources, such as almond milk, coconut milk, and oat milk, offering a more inclusive range of choices for those avoiding dairy or gluten.
Increased Focus on Plant-Based and Vegan Ice Creams: The growing awareness of plant-based diets and the increasing popularity of veganism are contributing significantly to the expansion of the ice cream market. As more consumers opt for plant-based lifestyles, the demand for dairy-free ice cream has surged. Brands are responding by innovating and developing plant-based ice cream options that mirror the taste and texture of traditional dairy ice cream.
These plant-based ice creams are made from a variety of non-dairy milk alternatives, including almond, coconut, cashew, and oat milk, which cater to both vegan and lactose-intolerant consumers. This segment is growing rapidly, as it aligns with the broader trend towards plant-based products that are perceived as healthier and more sustainable.
Technological Advancements in Ice Cream Production: Technological innovations in the ice cream production process have also played a role in the growth of the market. Advances in freezing technologies, packaging, and distribution have improved the quality and shelf life of ice cream, making it more accessible to consumers worldwide. Additionally, the integration of artificial intelligence (AI) and machine learning in flavor development has enabled ice cream producers to create unique and customized flavor profiles based on consumer preferences, enhancing their ability to cater to niche markets.
Furthermore, the growth of the e-commerce sector has facilitated the online sale of ice cream, allowing consumers to conveniently order premium and personalized frozen desserts. As delivery services become more efficient and widespread, the reach of ice cream brands expands, enabling them to tap into new and untapped markets.
Ice Cream Market Segmentation
The global ice cream market can be divided based on flavour, category, product type, end-use, sales channel, and region.
Market Breakup by Flavour
- Chocolate
- Fruit
- Vanilla
- Others
Market Breakup by Category
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Market Breakup by Product Type
- Cup
- Stick
- Cone
- Brick
- Tub
- Others
Market Breakup by End-Use
- Food Service
- Retailers
Market Breakup by Sales Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Ice Cream Parlours
- Hotels and Restaurants
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ice cream market. Some of the major players explored in the report by Expert Market Research are as follows:
- Unilever plc
- General Mills, Inc.
- Ashby’s Ice Cream
- Tillamook County Creamery Association
- Gujarat Cooperative Milk Marketing Federation Limited (Amul)
- Turkey Hill Dairy
- HP Hood, LLC
- Wells Enterprises, Inc
- Dairy Farmers of America, Inc.
- Nestlé S.A.
- Lotte Confectionary Co, Ltd
- The Kroger Company
- Meiji Holdings Co, Ltd
- Danone S.A.
- Others
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