Ice Cream Makers Market Size was valued at USD 79,151.2 Billion in 2022. The Ice Cream Makers Market industry is projected to grow from USD 83,108.7 Billion in 2023 to USD 122,789.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2024 - 2032). The Increasing demand for innovative flavors and types, as well as the rising popularity of impulse ice cream products like cones, sandwiches, and popsicles in developing nations, are expected to be significant market drivers for the Ice Cream Makers Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for ice cream makers is driven by the growing popularity of ice cream as an ideal dessert and growing sustainability and ethical practices. In recent years, ice cream has emerged as one of the most beloved desserts worldwide, a trend expected to persist in the foreseeable future. One of the key factors driving its popularity is the versatility it offers, allowing people to customize their treats with an array of toppings and flavors. Manufacturers have the flexibility to incorporate various ingredients into ice cream recipes, enhancing both nutrition and appeal. Ice cream companies play a significant role in bolstering the U.S. economy, contributing over $13 billion directly and supporting approximately 29,000 direct jobs, which generate $1.8 billion in direct wages, as per IDFA’s Dairy Delivers report. In 2021 alone, ice makers in the U.S. produced over 1.3 billion gallons of ice cream. While vanilla, chocolate, strawberry, butter pecan, and mint chocolate chip are among the popular flavors in the United States, chocolate remains a consumer favorite. In 2021, 17% of U.S. consumers expressed a preference for chocolate flavor, followed by vanilla at 15%, and strawberry and mint chocolate chip tied at 8% each. Half-gallon containers were the preferred choice for nearly half of consumers, while approximately 23% opted for pint-sized portions.
Growing concerns surrounding sustainability and ethical practices are shaping consumer preferences in the ice cream market. As per IDFA, a significant majority of ice cream makers either currently utilize or intend to integrate more sustainable packaging solutions. Consumers are placing greater emphasis on brands that prioritize eco-friendly packaging, responsibly sourced ingredients, and ethical production methods. Ice cream manufacturers that embrace sustainable and transparent practices not only meet consumer demands but also distinguish themselves in a competitive market, appealing to environmentally conscious consumers. As a result, it is anticipated that throughout the projection period, demand for the Ice Cream Makers Market will increase due to the growing popularity of Ice Cream as an Ideal Dessert and Growing Sustainability and Ethical Practices. Thus, driving the Ice Cream Makers Market revenue.
The Ice Cream Makers Market segmentation, based on Product Type, includes Hard Ice Cream Machines and Soft Ice Cream Machines. The soft ice cream machines segment dominated the market, accounting for 58% of market revenue (48,203.0 Billion). Soft serve machines offer exceptional versatility, able to freeze and dispense ice cream across a range of settings. Whether in restaurants, ice cream parlors, or retail stores, these machines introduce a fresh revenue avenue to your business. Commercial-grade soft-serve ice cream machines are robust performers, engineered to produce substantial quantities of frozen treats in a matter of hours, thereby optimizing sales and profitability. Opting for a commercial-grade machine has the potential to transform your investment into substantial returns, differentiating between simply breaking even and achieving notable ROI.
Figure 1: Ice Cream Makers Market, by Product Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Ice Cream Makers Market segmentation, based on the Application, includes Catering Industry, Entertainment Venue, Shop, Plant, and Others. The catering industry segment dominated the market, accounting for 58% of market revenue. Catering companies frequently serve a variety of events, such as weddings, parties, and corporate gatherings, where personalized menus are essential, especially when it comes to desserts like ice cream. Ice cream makers enable catering businesses to craft distinctive flavors and presentations that cater specifically to their client's tastes, thereby elevating the overall guest experience and satisfaction.
Ice Cream Makers Market Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the Ice Cream Makers market in North America can be attributed to several key factors. The surge in ice cream consumption can be attributed to several factors, including the increased availability of technologically advanced machinery and the thriving dairy industry. With changing dietary habits and growing disposable income, there has been a notable increase in the consumption of dairy products like ice cream across the United States, a trend expected to persist in the foreseeable future. According to the International Dairy Foods Association (IDF), the average American consumes approximately 23 pounds of ice cream and related frozen desserts annually. Health-conscious consumers are driving the popularity of low-calorie (150 calories per serving) or sugar-free ice cream options compared to traditional varieties. Consequently, regular ice cream consumption saw a decline of 9% until 2021 compared to previous years, while low-fat ice cream consumption rose by 20%. As of 2021, nearly 74% of the US population indulges in ice cream at least once a week, often opting to enjoy it at home. Furthermore, 84% of Americans purchase ice cream from grocery stores to consume at home.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ICE CREAM MAKERS MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Ice Cream Makers Market accounts for the second-largest market share as Europe stands as a mature market for ice cream, renowned for its rich tradition of indulging in frozen delicacies. The region hosts a diverse array of artisanal and premium ice cream brands, catering to consumer preferences for classic flavors and top-quality ingredients. Moreover, there is a burgeoning demand for healthier and organic ice cream options fueled by health-conscious consumers. In 2022, EU countries exported 250 million kilograms (kg) of ice cream to non-EU nations, amounting to a total value of €930 million. Conversely, imports of ice cream from non-EU countries stood at 61 million kg, valued at €203 million. Extra-EU ice cream imports witnessed a 14% decline in 2022 compared to 2021, whereas exports experienced only a 2% decrease. Notably, France emerged as the largest ice cream exporter among all EU nations, shipping 53 million kg of ice cream in 2022, constituting 21% of extra-EU ice cream exports. This surpassed exports from the Netherlands (42 million kg; 17% of total extra-EU exports), Italy (31 million kg; 13%), Germany (28 million kg; 11%), and Belgium (23 million kg; 9%). Further, the German Ice Cream Makers Market held the largest market share, and the UK Ice Cream Makers Market was the fastest growing market in the European region.
The Asia-Pacific Ice Cream Makers Market is expected to grow at the fastest CAGR from 2024 to 2032. Rapidly advancing economies like China and India are experiencing a burgeoning middle class with increased disposable income, leading to a surge in ice cream consumption. In 2021, the Indian packaged foods market witnessed a sales volume of approximately 3298 thousand metric tons for ice cream and frozen desserts. While there was a consistent uptick in sales volume from 2012 onwards, 2020 marked the first decline. Consumers in Asia are renowned for their adventurous tastes, driving demand for exotic and unique ice cream flavors. Furthermore, there's a growing fascination with premium and imported ice cream brands. Local preferences across Asia vary widely, ranging from traditional Asian flavors to Western-style offerings. Alongside traditional dairy-based ice cream, there's a rising market for plant-based alternatives. According to IBEF, the increasing demand for vegan snacks and confectionaries is propelling the expansion of India's vegan industry. By 2030, the vegan food sector is projected to comprise 7.7% of the global protein market, estimated at US$162 billion. Moreover, China’s Ice Cream Makers Market held the largest market share, and the Indian Ice Cream Makers Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Ice Cream Makers market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Ice Cream Makers industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global ice cream maker industry to benefit clients and increase the market sector. In recent years, the ice cream maker industry has offered some of the most significant advantages to the dessert and food service sectors. Major players in the Ice Cream Makers Market, including Tekno-Ice, Catta 27, Vojta, DONPER, Ice Group, Big Drum Engineering GmbH, Guangshen, MKK, Gram Equipment, Tetra Pak are attempting to increase market demand by investing in research and development operations.
Tetra Pak, a subsidiary of Tetra Laval International SA, specializes in providing comprehensive solutions for processing and packaging. Their offerings encompass a wide array of food products, ranging from juices and nectars to dairy items, ice creams, prepared foods, cheeses, fruits, spirits, and wines. Tetra Pak also supplies various processing equipment such as evaporators, heat exchangers, aseptic processing systems, separators, homogenizers, and flow equipment. They develop and market distribution equipment like film wrappers, cardboard packers, and conveyors. Additionally, Tetra Pak offers complete machine lines, which include equipment, engineering, installation, design, project management, and related services. Their products are distributed through a network of subsidiaries, marketing offices, and sales offices spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company's headquarters are located in Lausanne, Waadt, Switzerland.
Tekno-Ice is a prominent leader in the production of semi-industrial and industrial ice cream manufacturing equipment. With a comprehensive range of offerings, Teknoice can cater to various customer needs, spanning from semi-industrial to industrial-scale operations. Their complete production lines encompass every stage of the process, including pasteurizing plants, continuous freezers, ice cream filling machines, extrusion lines, hardening tunnels, and wrapping machines. Teknoice adheres to UNI EN ISO 9001:15 standards, ensuring rigorous monitoring of all processes at every level to maintain consistently high-quality standards. In May 2021, ITAGO SGR (ITAGO) successfully acquired 81.6% of Teknoice S.r.l. (TEKNOICE), solidifying its position as the Italian leader and the third-largest global player in machinery and equipment for industrial ice cream production and confectionery. With an impressive annual revenue of €23 million and a worldwide customer base, Teknoice, headquartered in Buccinasco (MI), exemplifies top-notch Italian technology in refrigeration, mixing, extrusion, hardening, and wrapping of various ice cream products, including sticks, cones, bars, and bulk orders.
April 2022: Yuengling's Corporation, an American ice cream manufacturer, acquired Revolution Desserts, LLC, an Atlanta-based company known for its ice cream brands, including Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo Creamery.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 79,151.2 Billion |
| Market Size 2023 | USD 83,108.7 Billion |
| Market Size 2032 | USD 122789.4 Billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Tekno-Ice, Catta 27, Vojta, DONPER, Ice Group, Big Drum Engineering GmbH, Guangshen, MKK, Gram Equipment, Tetra Pak |
| Key Market Opportunities | · The growing demand for healthier and vegan ice cream alternatives |
| Key Market Dynamics | · Increasing consumption of ice cream across the world |
Frequently Asked Questions (FAQ) :
The Ice Cream Makers Market size was valued at USD 83,108.7 Billion in 2023.
The Ice Cream Makers Market is projected to grow at a CAGR of 5.00% during the forecast period, 2024-2032.
North America had the largest share of the global market
The key players in the market are Tekno-Ice, Catta 27, Vojta, DONPER, Ice Group, Big Drum Engineering GmbH, Guangshen, MKK, Gram Equipment, and Tetra Pak.
The Soft Ice Cream Machine segment dominated the market in 2023.
The Catering Industry segment had the largest share of the global market.
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