The artisanal ice cream market size is expected to reach a value of USD 97 billion by 2028, at a CAGR of 5.80% over the forecast period ending in 2028.
The Artisanal Ice Cream Market Size is expected to reach a value of USD 97 Billion by 2028, at a CAGR of 5.80% over the forecast period ending in 2028 from the year 2021. The Artisanal Ice Cream Market value was recorded at USD 62.40 Billion in the historic forecast period which has ended in 2020. According to industry analysts, the global market share is expected to increase as a result of factors such as rising living standards and a growing taste for luxury items, as well as people embracing a healthier lifestyle. However, the artisanal ice cream market would face challenges and restraints during the forecast period due to high costs and a lack of awareness about the benefits. The market growth would be aided by rising living standards and the prominence of urban lifestyles. According to industry researchers, during the projection period, artisanal ice cream market-based enterprises would confront certain hurdles. The report examines the type and distribution channel categories in depth. Natural ingredients, free of artificial additions, preservatives, stabilizers, and emulsifiers, are used to make artisanal ice cream. Industrial ice creams have a shelf life of twenty-four months, whereas artisanal ice creams are manufactured in small batches and have an eight-week shelf life. Therefore, the artisanal ice cream market analysis will be proven true post covid situations.
COVID 19 Analysis
The COVID-19 outbreak, particularly the subsequent lockdown, has wreaked havoc on the food and beverage industry, resulting in the temporary closure of many manufacturing facilities and a drop in customer demand for ice cream. The SARS-CoV-2 epidemic has had catastrophic impacts on the artisanal ice cream market trends, and as a result, players are focusing more on reinforcing their supply chains and expediting their operations to develop a larger range of goods to reclaim consumers' attention. Additionally, since the lockdown has been lifted across countries and the new coronavirus appears to be under control, demand for artisanal ice cream has been increasing, leading to market growth. The majority of manufacturing industries were shut down, and supply lines were also affected. This resulted in a shortage of handmade ice cream as well. This exacerbated a demand-supply imbalance, which had a negative influence on the artisanal ice cream market outlook.
In the global artisanal ice cream market, a growing taste for fruit-flavored ice cream has emerged as a prominent trend. Consumer preferences are changing as a result of rising living standards and the prevalence of the urban lifestyle, which is fueling product demand. Furthermore, as people adopt a healthier lifestyle, their preference for sugar-free and low-fat ice cream has grown, making artisanal ice cream a viable business all over the world. The younger generation enjoys nibbling at irregular intervals, which has increased the appeal of ice cream as a nutritious snack and has increased artisanal ice cream market trends. The Consumer awareness of health and fitness remains a fundamental driver of product demand, while the high nutrient content, as well as the organic and natural composition, add to the artisanal ice cream market value.
The high cost of artisanal ice cream, along with an increase in health conditions such as diabetes, could pose a serious challenge to market growth in the coming years. To get around the restriction, firms are developing low-calorie or fat-free artisanal ice cream. But still, people are worried about the quality of the milk used in the production of the artisanal ice cream, and also the seasonal fluctuations in sales of the artisanal ice cream may hamper the Market Forecast. The Cost and health implications could limit the artisanal ice cream market size.
Ice cream manufacturers are developing products with premium and novel ingredients to acquire a competitive advantage and appeal to a wider audience. The customer base of the artisanal ice cream market grows as well as a result. The advantageous regulations take into account the market advances. The Market Analysis is done as the demand for dairy-free alternatives to all food products is increasing as a result of increased awareness communicated through campaigns and social media. Hence, the use of various forms of technology in promoting and manufacturing artisanal ice cream has increased the Artisanal Ice Cream market forecast and market outlook.
The artisanal Ice Cream market is done considering various segments that will help the market grow as per the predicted CAGR growth and prove the market share true by the end of the forecast period in 2028. The market has been segmented based on the following:
Based on the type, the market has been segmented as follows:
Based on the flavor, the market has been segmented as follows:
Based on the Distribution-channel, the market has been segmented as follows:
Based on the region, the market has been segmented as follows:
With the largest proportion of the worldwide artisanal ice cream business, Europe should maintain its dominance. The top-performing markets in the region are the United Kingdom and Germany. The artisanal ice cream market in the United Kingdom, in particular, will grow significantly in the coming period because of an increasing number of manufacturers in the country actively engaged in strategies to expand their customer base by introducing new and healthy ingredient-infused artisanal ice creams to the market. Due to growing urbanization and an expanding middle-income population base, the Asia-Pacific market is expected to grow at the fastest rate throughout the projected period. These reasons have increased demand for a variety of frozen desserts. China is anticipated to keep its winning streak going for the duration of the review period, while New Zealand and Australia are expected to have the fastest growth rates.
Vendors in the artisanal ice cream sector are primarily concerned with expanding their geographic reach, which they achieve by attempting to access previously unexplored markets and introducing new and unique ice cream flavors. Most of the major brands also purchase smaller businesses to expand their brand awareness across many locations and gain a larger portion of the artisanal ice cream industry. The major key players are as follows:
The important difficulties, barriers, and drivers affecting the market size are discussed in detail in the artisanal ice cream market analysis. The base year, anticipated timeframe, and size during the specified period are all considered in the report. The market assessment also includes some of the most important developments after the COVID-19 epidemic. Aside from detailed market segmentation, the research also covers the most recent business scenario, including projected as well as historical value in terms of volume and value, technical advancements, and the most important factors driving the market growth. The research also includes the names of well-known vendors with considerable artisanal ice cream market share, as well as the top techniques they use to stay relevant in the business. The report's coverage includes the market for artisanal, handcrafted ice cream trends, as well as types and distribution methods.
|Market Size||USD 97 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Bi-Rite (US), Salt and Straw (US), Gelato & Co (Italy), Jeni's Splendid Ice Creams LLC. (US), Lackey's Artisan Ice Cream (US), Blue Bell Creameries (US), Mellow Ice Creams (US), The Saffron Ice Cream Company (UK), Graeter’s Inc. (US), ROGUE ICE CREAM (UK)|
|Key Market Opportunities||Introduction Of Organic And Vegan Variants, Innovative Marketing Strategies|
|Key Market Drivers||Changing consumer tastes and preferences|
Artisanal ice cream market is projected to grow at a 5.80% CAGR between 2021-2028.
Bi-Rite (US), Salt and Straw (US), Gelato & Co (Italy), Jeni's Splendid Ice Creams LLC. (US), Lackey's Artisan Ice Cream (US), Blue Bell Creameries (US), Mellow Ice Creams (US), The Saffron Ice Cream Company (UK), Graeter’s Inc. (US), ROGUE ICE CREAM (UK), and Gelato & Latte Este (Bulgaria) are the top companies holding market share in the global market for artisanal ice cream.
Artisanal ice cream market is predicted to touch USD 97 Billion by 2028.
The conventional segment will lead the artisanal ice cream market.
Rising prevalence of diabetes and high cost may limit the artisanal ice cream market growth.
Europe is expected to dominate the artisanal ice cream market.