Ice Cream Market 2023-2027, Segmentation by product, type and geography, CAGR accelerating at 5.93% by 2027- Technavio

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Jun 23, 2023, 19:45 ET

NEW YORK, June 23, 2023 /PRNewswire/ -- Ice Cream Market report goes into detail on market segmentation by product (impulse, take home, and artisanal), type (dairy and non-dairy), and geography (North America, APAC, Europe, South America, and Middle East and Africa). During the projection period, the impulsive segment's market share will expand significantly. Ice cream purchases made on the spur of the moment are intended to be devoured immediately. Cravings for indulgence and an increase in the desire for small-portion snacks are the primary factors driving individuals to make impulsive ice cream purchases throughout the forecast period.

Technavio has announced its latest market research report titled Global Ice Cream Market 2021-2025 2021-2025

The Ice Cream market is categorized by Technavio as a subsegment of the global packaged foods and meats market. According to projections, the market will grow by USD 26,308.74 million. Factors such as increase in new product releases and increase in ice cream parlours are expected to further increase demand. Between 2022 and 2027, the market for ice cream is anticipated to expand at a CAGR of 5.93%.

Major ice cream market trends and insights

An important trend in the market for ice cream is the move towards vegan ice cream among millennials.
This trend is widely absorbed in countries such as Australia, Germany, the United States, and China.
Vegan ice cream is becoming increasingly popular among millennials in the United States. With an annual purchasing power of more than USD 200 billion, the country's millennial population is an appealing client segment for worldwide ice cream industry participants.

Know more about the trends such as rise of private label brands region along with market challenges. Click here to get the sample report!

About ice cream market customer landscape & market vendors

The market study covers the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on penetration-based adoption rates in various regions. Furthermore, the research offers important buying criteria and price sensitivity drivers to assist businesses in evaluating and developing their growth strategy.

Major market vendors

The market is driven by the presence of several vendors, such as Blue Bell Creameries LP and Lotte Confectionery Co. Ltd. To attract customers, suppliers in the target market are also spending in new and imaginative marketing efforts. Effective marketing strategies can aid in the segment's growth throughout the projection term.

Learn more about vendors such as Dairy Farmers of America Inc., Eclipse Foods, Gujarat Cooperative Milk Marketing Federation Ltd., and other vendors in the market. Click here to get sample reports for more insights!

Regional insights

During the forecast period, North America is expected to contribute 48% of worldwide market growth. The United States and Canada are the region's largest revenue contributors. The demand for ice cream in North America is increasing. Two variables that are expected to boost market expansion in North America are the increasing number of new product releases and increased investments by industry participants.

Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!

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Related Report:

Frozen Desserts Market: Between 2022 and 2027, the frozen desserts market is expected to develop at a CAGR of 6.21%. The frozen desserts market is expected to grow by USD 22.09 billion. Several factors influence market growth, including increased urbanization and changing consumer lifestyles, expansion of the frozen dessert retail scene, and the introduction of vegan goods.

Global Gourmet Ice Cream Market : The gourmet ice cream market is expected to grow at a 14.32% CAGR between 2022 and 2027. The market is expected to grow by USD 8,851.79 million. The increasing health benefits of gelato, the expanding range of novel flavors and diet-friendly ice creams, and the huge increase in disposable income all contribute to market expansion.

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Ice Cream Market Scope
Report Coverage	Details
Page number	162
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.93%
Market growth 2023-2027	USD 26,308.74 million
Market structure	Fragmented
YoY growth 2022-2023(%)	5.34
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 48%
Key countries	US, Canada, China, Germany, and Belgium
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Agropur Dairy Cooperative, Blue Bell Creameries LP, Dairy Farmers of America Inc., Eclipse Foods, Erhard Patissier Glacier, Froneri International Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Humphry Slocombe Group LLC, Inspire Brands Inc., Lotte Confectionery Co. Ltd., Morinaga and Co. Ltd., Nestle SA, New Forest Ice Cream Ltd., Nightfood Holdings Inc., Oatly Group AB, Perfect Day Inc., Unilever PLC, Vadilal Industries Ltd., Wells Enterprises Inc., and Mars Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Don't miss out on critical insights, purchase our report now!

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global ice cream market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global ice cream market 2017 - 2021 ($ million)

4.2 Product Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.3 Type Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments

Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

6.2 Comparison by Product

Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product

6.3 Impulse - Market size and forecast 2022-2027

Exhibit 34: Chart on Impulse - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Impulse - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Impulse - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Impulse - Year-over-year growth 2022-2027 (%)

6.4 Take home - Market size and forecast 2022-2027

Exhibit 38: Chart on Take home - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Take home - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Take home - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Take home - Year-over-year growth 2022-2027 (%)

6.5 Artisanal - Market size and forecast 2022-2027

Exhibit 42: Chart on Artisanal - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Artisanal - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Artisanal - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Artisanal - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Product

Exhibit 46: Market opportunity by Product ($ million)
Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Type

7.1 Market segments

Exhibit 48: Chart on Type - Market share 2022-2027 (%)
Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type

Exhibit 50: Chart on Comparison by Type
Exhibit 51: Data Table on Comparison by Type

7.3 Dairy - Market size and forecast 2022-2027

Exhibit 52: Chart on Dairy - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Dairy - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Dairy - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Dairy - Year-over-year growth 2022-2027 (%)

7.4 Non-Dairy - Market size and forecast 2022-2027

Exhibit 56: Chart on Non-Dairy - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Non-Dairy - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Non-Dairy - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Non-Dairy - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type

Exhibit 60: Market opportunity by Type ($ million)
Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027

Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027

Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 Belgium - Market size and forecast 2022-2027

Exhibit 99: Chart on Belgium - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Belgium - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Belgium - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Belgium - Year-over-year growth 2022-2027 (%)

9.12 Canada - Market size and forecast 2022-2027

Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 107: Market opportunity by geography ($ million)
Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 111: Overview on factors of disruption

11.4 Industry risks

Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 113: Vendors covered

12.2 Market positioning of vendors

Exhibit 114: Matrix on vendor position and classification

12.3 Agropur Dairy Cooperative

Exhibit 115: Agropur Dairy Cooperative - Overview
Exhibit 116: Agropur Dairy Cooperative - Product / Service
Exhibit 117: Agropur Dairy Cooperative - Key news
Exhibit 118: Agropur Dairy Cooperative - Key offerings

12.4 Blue Bell Creameries LP

Exhibit 119: Blue Bell Creameries LP - Overview
Exhibit 120: Blue Bell Creameries LP - Product / Service
Exhibit 121: Blue Bell Creameries LP - Key offerings

12.5 Dairy Farmers of America Inc.

Exhibit 122: Dairy Farmers of America Inc. - Overview
Exhibit 123: Dairy Farmers of America Inc. - Product / Service
Exhibit 124: Dairy Farmers of America Inc. - Key offerings

12.6 Eclipse Foods

Exhibit 125: Eclipse Foods - Overview
Exhibit 126: Eclipse Foods - Product / Service
Exhibit 127: Eclipse Foods - Key offerings

12.7 Erhard Patissier Glacier

Exhibit 128: Erhard Patissier Glacier - Overview
Exhibit 129: Erhard Patissier Glacier - Product / Service
Exhibit 130: Erhard Patissier Glacier - Key offerings

12.8 Gujarat Cooperative Milk Marketing Federation Ltd.

Exhibit 131: Gujarat Cooperative Milk Marketing Federation Ltd. - Overview
Exhibit 132: Gujarat Cooperative Milk Marketing Federation Ltd. - Product / Service
Exhibit 133: Gujarat Cooperative Milk Marketing Federation Ltd. - Key offerings

12.9 Humphry Slocombe Group LLC

Exhibit 134: Humphry Slocombe Group LLC - Overview
Exhibit 135: Humphry Slocombe Group LLC - Product / Service
Exhibit 136: Humphry Slocombe Group LLC - Key offerings

12.10 Inspire Brands Inc.

Exhibit 137: Inspire Brands Inc. - Overview
Exhibit 138: Inspire Brands Inc. - Product / Service
Exhibit 139: Inspire Brands Inc. - Key offerings

12.11 Lotte Confectionery Co. Ltd.

Exhibit 140: Lotte Confectionery Co. Ltd. - Overview
Exhibit 141: Lotte Confectionery Co. Ltd. - Business segments
Exhibit 142: Lotte Confectionery Co. Ltd. - Key offerings
Exhibit 143: Lotte Confectionery Co. Ltd. - Segment focus

12.12 Mars Inc.

Exhibit 144: Mars Inc. - Overview
Exhibit 145: Mars Inc. - Product / Service
Exhibit 146: Mars Inc. - Key offerings

12.13 Nestle SA

Exhibit 147: Nestle SA - Overview
Exhibit 148: Nestle SA - Business segments
Exhibit 149: Nestle SA - Key news
Exhibit 150: Nestle SA - Key offerings
Exhibit 151: Nestle SA - Segment focus

12.14 Oatly Group AB

Exhibit 152: Oatly Group AB - Overview
Exhibit 153: Oatly Group AB - Product / Service
Exhibit 154: Oatly Group AB - Key offerings

12.15 Unilever PLC

Exhibit 155: Unilever PLC - Overview
Exhibit 156: Unilever PLC - Business segments
Exhibit 157: Unilever PLC - Key news
Exhibit 158: Unilever PLC - Key offerings
Exhibit 159: Unilever PLC - Segment focus

12.16 Vadilal Industries Ltd.

Exhibit 160: Vadilal Industries Ltd. - Overview
Exhibit 161: Vadilal Industries Ltd. - Product / Service
Exhibit 162: Vadilal Industries Ltd. - Key offerings

12.17 Wells Enterprises Inc.

Exhibit 163: Wells Enterprises Inc. - Overview
Exhibit 164: Wells Enterprises Inc. - Product / Service
Exhibit 165: Wells Enterprises Inc. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 168: Currency conversion rates for US$

13.4 Research methodology

Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources

13.5 List of abbreviations

Exhibit 172: List of abbreviations

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