Ice Cream Market Is Poised To Reach USD 78.8 Billion By 2025: Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.rn”
The global ice cream market is anticipated to reach USD 78.8 billion by 2025, growing at a CAGR 4.1%, according to report by Grand View Research, Inc. Increasing demand for innovative flavors, formats, and premium products can drive the market during the forecast period.

According to a report published by Grand View Research, Inc.; the global ice cream market is projected to reach a valuation of around USD 78.8 billion by 2025. Increasing demand for innovative flavors, formats, and premium products can drive the market during the forecast period (2014 to 2025).

Growing demand for lactose-free products owing to increasing cases of food intolerance and allergies is anticipated to propel market. According to the U.S. National Library of Medicine, about 65.0% of human population is lactose intolerant. Lactose-free products are also popular among the health-conscious people, who prefers healthy diet.  This rise in consumption is expected to positively influence market in the forthcoming years. Furthermore, introduction of new flavors is anticipated to drive the demand for ice cream. However, rising health consciousness among consumers is projected to hinder the growth.

Full Research Report On Ice Cream Market Analysis:

U.S. ice cream market, by product, 2014 - 2025 (USD Billion)

The worldwide ice cream market can be segmented on the basis of product and region. Based on product, the market can be categorized into impulse, artisanal, and take home. In 2016, impulse segment accounted for the largest market share. The products in these segments are brought for immediate consumption. These products include cones, cups, sandwiches, ice-lollies, sticks, and ice cream bars. The segment surpassed the take-home segment in the same year and likely to dominate the market during the forecast period.

The artisanal segment held smaller share in 2016. However, it is projected to showcase decent growth over the forecast period. The segment is expected to grow on account of rising demand for hand-made products made using high quality ingredients. The take-home segment is expected to grow due to innovations in packaging that enable convenience to carry and store. Products from this segment are popular in North America and Western Europe.

Geographically, the market for ice cream can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Countries such as China, India, Brazil, Indonesia, Vietnam, and South Africa are expected to register high growth. However, North America and Europe are likely to expand at slow place over the forecast period.

Browse More Reports Of This Category By Grand View Research At:

Global ice cream market, by region, 2016 (%)

In 2016, Asia Pacific was the largest regional market and is anticipated to continue leading in the forthcoming years. Emerging countries such as China and India are projected to witness growth in due to presence of large consumer base. China surpassed U.S. in 2014 and emerged as the major market in terms of volume and value. Consumers in the country consider ice cream as a snack, which is one of the primary driving factors. However, sales volumes have decreased in recent years due to rising health consciousness and consumer efforts to reduce sugar consumption.

North America and Western Europe are anticipated to boost sales value over the forecast period due to high demand for premium products. However, increasing number of health-conscious consumers is expected to decline consumption volume in these regions. High consumer preference for premium products has also impacted sales of low-quality ice creams. This trend is expected to continue during the projected period.

Latin America and Middle East and Africa (MEA) are anticipated to showcase notable growth in the forthcoming years due to growing demand from younger demographics and rising middle class population. The extended summer season in the MEA region is also likely to boost product demand in countries such as Saudi Arabia, Israel, and South Africa.

Key companies operating in the ice cream market include General Mills Inc.; Hindustan Unilever Limited; Blue Bell Creameries; and Nestle; Mars Inc. Market comprises many small and mid-size players in different countries which contributes to market growth. Ice cream manufacturers mainly focus on introducing new flavors and formats to increase sales volume.

Grand View Research has segmented the ice cream market on the basis of product type and region.

Ice Cream Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Impulse

  • Artisanal

  • Take Home

Ice Cream Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • Italy

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA)

    • South Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information:

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States