Ice Cream Market Outlook 2025-2034: Trends and Projections

What are the historical and projected market size of the global Ice Cream Market?
The ice cream market size has shown prominent growth in recent years. It is anticipated to grow from $42.07 billion in 2024 to $44.69 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. Historically, market growth can be attributed to factors like brand loyalty, seasonal demand, marketing and advertising strategies, packaging innovations, health and wellness trends, and expansion of distribution channels.

According to projections, the ice cream market size will witness accelerated growth, reaching $56.96 billion in 2029 at a CAGR of 6.3%. This growth forecast can be credited to trends such as increased consumption of plant-based and alternative ingredients, adoption of healthier choices, premiumization, personalization trends, adoption of sustainability practices, and innovations in textures and formats.

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What is driving the growth in the Global Ice Cream Market?
Increasing consumer expenditure on fast food is a key growth driver for the ice cream market. Consumer spending on fast food and ice cream, both considered indulgent and convenient meal alternatives, have a symbiotic relationship. With fast food restaurants frequently offering ice cream as a dessert option, it becomes easier for consumers to incorporate it into their meals. The growing café culture among millennials, particularly in fast-paced cities, has further amplified consumer spending on fast food. For example, in 2022, as reported by Avika, a Netherlands-based potato processing company, the UK fast food market grew 9% from US$20.6 billion (£18.9 billion) in 2021 to US$22.45 billion (£20.61 billion) in 2022. This growth in consumer spending is projected to stimulate the ice cream market.

What are the Key Segments Within the Global Ice Cream Market?

1) By Type: Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream
2) By Flavor: Vanilla, Chocolate, Fruit, Other Flavors
3) By Packaging: Cup, Cone, Stick, Brick, Tub, Other Packaging
4) By Category: Dairy, Non-Dairy
5) By Distribution Channels: Hypermarket Or Supermarket, Ice Cream Parlor, Online Retailer, Other Distribution Channels

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Which companies are leading the Global Ice Cream Market?
Prominent players in the ice cream market include Nestle S.A., Unilever Group Plc, General Mills Inc., Blue Bell Creameries LP, Cold Stone Creamery Inc., American Dairy Queen Corporation, Danone S.A., Lotte Confectionery Co. Ltd., Inspire Brands Inc., Dairy Farmers of America Inc., Turkey Hill Dairy LP, Wells Enterprises Inc., NadaMoo! R&D Room LLC, Mars Inc., Inner Mongolia Yili Industrial Group Co. Ltd., Froneri International Limited, Tilamook CCA, Amul, Amy’s Ice Creams, Agropur Dairy Cooperative, Arla Foods AMBA, Chapman’s, Prairie Farms Dairy Inc., Giffords Dairy Inc., Van Leeuwen Ice Cream, Adirondack Creamery Inc., Yasso Inc., Graeter’s Ice Cream, Jeni’s Splendid Ice Creams, Humphry Slocombe, Coolhaus, Ben & Jerry’s Homemade Holdings Inc., Häagen-Dazs, and Baskin Robbins.

What trends are shaping the Global Ice Cream Market?
Product innovations and the introduction of unique new flavors stand as a notable trend in the ice cream market. Major players in the ice cream market are continuously striving to create innovative products to consolidate their position. For instance, in January 2022, Magnum, a Belgium-based ice cream brand unveiled a mini-sized multi-pack of vegan ice creams with a new and enhanced recipe for its vegan line that comes in two popular vegan flavors: magnum vegan classic and magnum vegan almond. Thanks to these innovations, ice creams now cater to a wider array of dietary preferences and tastes, further augmenting the market growth.

Which region will exhibit the fastest growth in the Global Ice Cream Market?
Asia-Pacific was the largest region in the ice cream market in 2024 and is expected to retain its dominance during the forecast period. The growth of the ice cream market in Asia-Pacific can be attributed to factors such as increasing disposable income, changing lifestyle, and the prevalence of leading market players.

What Does The Ice Cream Market Report 2025 Offer?
Ice cream is a frozen delicacy made from milk, cream, sugar, and sometimes additional ingredients. It frequently combines stabilizers, such as gluten, which aids the mixture’s consistency, along with sugar or sugar substitutes to provide sweetness. The Ice Cream Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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