Ice Cream Market Trends

ID: MRFR/F-B & N/1998-CR

200 Pages

Snehal Singh

July 2025

Ice Cream Market Research Report By Product Type (Cup Ice Cream, Stick Ice Cream, Soft Serve Ice Cream, Ice Cream Bars, Ice Cream Sandwiches), By Flavor (Vanilla, Chocolate, Strawberry, Mint, Cookies and Cream), By Formulation (Regular, Low Fat, Non-Dairy, Sugar-Free, Organic), By Distribution Channel (Supermarkets, Convenience Stores, Online Retail, Specialty Stores) and By Regional (North Ame...

Summary Table of Contents Segmentation Download PDF

Market Trends

Key Emerging Trends in the Ice Cream Market

The ice cream market is a dynamic and ever-evolving industry, influenced by various factors that shape consumer preferences and drive market trends. One prominent trend in recent years is the increasing demand for healthier and more diverse options. As consumers become more health-conscious, there is a growing interest in low-fat, low-sugar, and plant-based ice cream alternatives. This shift in preferences has led to the emergence of innovative products such as almond milk and coconut milk-based ice creams, catering to those with dietary restrictions and a desire for more nutritious choices.

Another noteworthy trend is the emphasis on unique and exotic flavors. Traditional favorites like vanilla and chocolate remain popular, but there is a rising demand for unconventional and globally inspired flavors. Manufacturers are introducing flavors inspired by international cuisines, incorporating ingredients such as matcha, cardamom, and exotic fruits to capture the adventurous taste buds of consumers. This trend reflects a desire for novel and exciting sensory experiences, driving companies to constantly experiment with new flavor combinations.

In addition to flavor innovation, sustainability has become a key focus within the ice cream market. Consumers are increasingly concerned about the environmental impact of their food choices, prompting ice cream manufacturers to adopt eco-friendly practices. This includes using sustainable packaging materials, reducing carbon emissions in production processes, and sourcing ingredients responsibly. Brands that prioritize sustainability are gaining favor among environmentally conscious consumers, shaping the market towards more socially responsible and eco-friendly practices.

The convenience factor is also playing a significant role in shaping market trends. With busy lifestyles, consumers are seeking convenient and on-the-go ice cream options. Single-serving portions, portable packaging, and innovative delivery methods are gaining popularity. This trend aligns with the fast-paced nature of modern life, where consumers value products that offer both quality and convenience.

Moreover, the rise of e-commerce has transformed the way ice cream is bought and sold. Online platforms and direct-to-consumer models are becoming increasingly popular, providing consumers with the convenience of ordering their favorite ice cream brands from the comfort of their homes. This shift towards online sales is influencing marketing strategies and packaging designs, as companies strive to create visually appealing and easily recognizable products in the digital space.

Furthermore, collaborations and limited-edition releases are creating buzz within the ice cream market. Partnerships between ice cream brands and popular influencers, celebrities, or other food and beverage companies generate excitement and drive consumer engagement. Limited-edition flavors and special releases create a sense of exclusivity, encouraging consumers to try new products and share their experiences on social media platforms.

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

Get In Touch

FAQs

What is the expected market size of the Ice Cream Market in 2024?

The Ice Cream Market is expected to be valued at 71.63 USD billion in 2024.

What will be the market value of the Ice Cream Market by 2035?

By 2035, the Ice Cream Market is projected to reach a value of 95.0 USD billion.

What is the expected CAGR for the Ice Cream Market from 2025 to 2035?

The expected compound annual growth rate (CAGR) for the Ice Cream Market is 2.6% from 2025 to 2035.

Which region is expected to have the largest share in the Ice Cream Market by 2024?

North America is expected to dominate the Ice Cream Market with a value of 25.0 USD Billion in 2024.

What will be the market size of Cup Ice Cream in 2035?

Cup Ice Cream is projected to be valued at 26.0 USD billion by 2035.

What is the expected market size for Stick Ice Cream in 2024?

Stick Ice Cream is expected to be valued at 15.0 USD Billion in 2024.

Who are the key players in the Ice Cream Market?

Major players in the Ice Cream Market include Unilever, General Mills, and Nestle, among others.

What will be the size of the Soft Serve Ice Cream segment by 2035?

The Soft Serve Ice Cream segment is anticipated to reach 14.0 USD billion by 2035.

What is the current market value for the Ice Cream Sandwich segment in 2024?

The Ice Cream Sandwich segment is expected to be valued at 14.63 USD billion in 2024.

How is the market size for the Asia Pacific region expected to change by 2035?

The market size for the Asia Pacific region is expected to grow to 20.0 USD billion by 2035.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Customize Report

Certified Researchers

Market Summary

As per Market Research Future Analysis, the Global Ice Cream Market was valued at 69.81 USD Billion in 2023 and is projected to grow to 95 USD Billion by 2035, with a CAGR of 2.6% from 2025 to 2035. The market is driven by rising demand for premium and artisanal ice creams, health-conscious options, and innovative flavors. Key players are adapting to consumer preferences through sustainable practices and diverse product offerings.

Key Market Trends & Highlights

The Global Ice Cream Market is evolving with significant trends influencing growth.

Market Size in 2024: 71.63 USD Billion; expected to reach 95 USD Billion by 2035. 60% of consumers are interested in gourmet options; over 40% willing to pay higher prices for artisanal products. 70% of consumers are willing to pay more for sustainable packaging. North America market share in 2024: 25.0 USD Billion; projected to grow to 33.5 USD Billion by 2035.

Market Size & Forecast

2023 Market Size	USD 69.81 Billion
2024 Market Size	USD 71.63 Billion
2035 Market Size	USD 95 Billion
CAGR (2025-2035)	2.6%
Largest Regional Market Share in 2024	North America.

Major Players

Key players include Cold Stone Creamery, Danone, Breyers, Unilever, Blue Bell Creameries, Pinnacle Foods, Nestle, Mars, Getuf, WooHoo, Dairy Farmers of America, Cremonini, Häagen-Dazs, General Mills.

Market Trends

The Ice Cream Market is witnessing significant market trends driven by changing consumer preferences and lifestyle choices. Health-conscious consumers are increasingly seeking products with lower sugar and fat content, leading to a rise in the demand for healthier options, including dairy-free and low-calorie ice creams.

This shift reflects a broader trend towards wellness and nutrition, as consumers become more aware of the ingredients in their food. Additionally, there is a growing interest in innovative flavors and unique combinations, which encourages manufacturers to experiment with local and exotic ingredients to attract adventurous consumers.

One chance to grow in the Ice Cream Market is to add more online sales channels. Companies can reach more people and adapt to changing shopping habits thanks to the growth of online shopping. This trend lets brands offer unique flavors and experiences, which makes customers more interested.

Also, more people are looking for alternatives to traditional dairy products, which makes plant-based diets more popular. This is a great chance for companies to come up with new products.

In recent years, ice cream consumption has grown quickly in emerging markets. This growth is due to more people moving to cities, higher disposable incomes, and aggressive marketing.

Brands are also focusing on sustainability, with many adopting eco-friendly packaging and sourcing practices to meet the rising consumer demand for environmentally responsible products.

The Ice Cream Market is evolving to meet these requirements, reflecting a blend of tradition and innovation that appeals to a diverse range of consumers worldwide.

Ice Cream Market Market Drivers

Health-Conscious Options

The Global Ice Cream Market Industry is witnessing a shift towards health-conscious options, reflecting broader dietary trends. Consumers increasingly seek ice cream products that align with their health goals, such as low-calorie, low-sugar, or dairy-free alternatives. This demand has prompted manufacturers to reformulate their offerings, incorporating natural sweeteners and plant-based ingredients. For instance, the rise of vegan ice cream options has opened new market segments, appealing to both health-conscious individuals and those with dietary restrictions. This trend is likely to sustain the industry's growth trajectory, as it adapts to evolving consumer preferences and dietary needs.

Rising Disposable Income

The Global Ice Cream Market Industry experiences a notable boost from increasing disposable incomes across various regions. As consumers gain more financial freedom, they tend to indulge in premium and artisanal ice cream products. For instance, in emerging markets, the rise in middle-class households contributes to a growing demand for diverse flavors and high-quality ingredients. This trend is reflected in the projected market value of 71.6 USD Billion in 2024, with expectations to reach 95 USD Billion by 2035. The potential for growth in this sector appears robust, driven by the willingness of consumers to spend on luxury food items.

Market Growth Projections

The Global Ice Cream Market Industry is poised for substantial growth, with projections indicating a market value of 71.6 USD Billion in 2024 and an anticipated increase to 95 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 2.6% from 2025 to 2035. Such figures reflect the industry's resilience and adaptability in meeting consumer demands, as well as its ability to innovate and diversify product offerings. The market's expansion is likely to be influenced by various factors, including changing consumer preferences, economic conditions, and advancements in production technologies.

Sustainability Initiatives

Sustainability initiatives are becoming increasingly relevant within the Global Ice Cream Market Industry. As environmental concerns rise, consumers are more inclined to support brands that prioritize eco-friendly practices. This includes sourcing ingredients sustainably, reducing packaging waste, and implementing energy-efficient production processes. Companies that adopt these practices may not only enhance their brand image but also attract a loyal customer base that values sustainability. The potential impact of these initiatives on market growth is significant, as they align with the preferences of a growing segment of environmentally conscious consumers.

Seasonal Demand Fluctuations

Seasonal demand fluctuations play a crucial role in shaping the Global Ice Cream Market Industry. Traditionally, ice cream sales peak during warmer months, with summer being the prime season for consumption. However, manufacturers are increasingly introducing products that cater to off-peak seasons, such as winter-themed flavors and holiday promotions. This strategy not only helps stabilize revenue throughout the year but also encourages consumers to enjoy ice cream year-round. The ability to adapt to seasonal trends may enhance brand loyalty and drive sales, contributing to the overall market growth as it approaches the projected valuation of 95 USD Billion by 2035.

Innovative Flavors and Varieties

Innovation in flavors and product varieties significantly drives the Global Ice Cream Market Industry. Manufacturers are increasingly experimenting with unique ingredients, including exotic fruits, spices, and even savory elements. This trend caters to adventurous consumers seeking novel taste experiences. For example, brands are introducing limited-edition flavors that capitalize on seasonal ingredients, which not only attract attention but also encourage repeat purchases. Such innovations may contribute to the market's projected CAGR of 2.6% from 2025 to 2035, as consumers are likely to seek out new and exciting options that differentiate brands in a competitive landscape.

Market Segment Insights

Ice Cream Market Product Type Insights

The Ice Cream Market exhibits a diverse segmentation by Product Type, reflecting various consumer preferences and market dynamics. As of 2024, the market is expected to show impressive valuations, with Cup Ice Cream projected at 20.0 USD Billion, maintaining its position as a popular choice among consumers.

This segment lives up to its reputation for convenience and variety, appealing to both individual customers and families alike. Following closely is the Stick Ice Cream segment, valued at 15.0 USD Billion, which continues to capture significant market share due to its portability and nostalgic value.

The popularity of these products is evident in their frequent appearance in both retail and <a href="https://www.marketresearchfuture.com/reports/foodservice-channel-market-16096">foodservice </a>channels, emphasizing their role in the culture of casual dining and snacking.

Ice Cream Market Flavor Insights

The Ice Cream Market revenue is projected to reach 71.63 USD Billion in 2024, reflecting the robust demand across various flavor profiles. The market segmentation within the Flavor category showcases a diverse array of popular options, including Vanilla, <a href="Chocolate">Chocolate</a>, Strawberry, Mint, and Cookies and Cream.

Vanilla continues to be a staple, often leading in popularity due to its versatility as both a standalone flavor and an ingredient in desserts. Chocolate, with its rich, indulgent taste, garners substantial consumer attention, appealing to those seeking a classic experience.Strawberry adds a fruity twist, appealing particularly to health-conscious consumers looking for a refreshing choice. Mint, with its cooling properties, also holds a significant market presence, often favored during warmer months. Cookies and Cream is notable for its unique texture and flavor combination, attracting a younger demographic.

The growing trend towards premium and artisan ice creams presents abundant opportunities for innovative flavors and healthier options. As consumer preferences evolve, the Ice Cream Market statistics reveal a continual shift toward indulgent experiences, reinforcing the importance of flavor diversity in driving market growth.

Ice Cream Market Formulation Insights

The Ice Cream Market has shown strong performance in its Formulation segment, contributing significantly to the industry's overall growth. By 2024, the complete market is projected to be valued at 71.63 billion USD, reflecting a growing consumer preference for various formulations that meet diverse dietary needs and preferences.

The formulation landscape includes Regular, Low Fat, Non-Dairy, Sugar-Free, and Organic options, catering to health-conscious consumers and those with dietary restrictions. Regular ice cream continues to dominate due to its traditional appeal, while<a href="https://www.marketresearchfuture.com/reports/low-fat-low-calorie-dessert-market-25329"> Low Fat </a>varieties attract consumers looking for healthier alternatives without sacrificing taste.Non-Dairy formulations are gaining traction as plant-based diets increase in popularity, appealing to vegans and lactose-intolerant individuals. Additionally, Sugar-Free options resonate well with health-conscious buyers, looking to reduce sugar intake.

Organic formulations are also becoming significant as consumers increasingly favor products made with natural and organic ingredients. As the market evolves, these variants play an essential role in driving innovation and bridging consumer demands with formulation diversity in the Ice Cream Market, reinforcing the industry's resilience and growth potential.

Ice Cream Market Distribution Channel Insights

The Distribution Channel segment of the Ice Cream Market plays a pivotal role in the overall market dynamics, contributing significantly to the Ice Cream Market revenue, expected to reach USD 71.63 billion in 2024. Various channels, including Supermarkets, Convenience Stores, Online Retail, and Specialty Stores, facilitate access to a broad range of ice cream products.

Supermarkets dominate this market segment as they provide extensive shelf space and variety, making them a preferred choice for consumers. Convenience stores cater to impulse buyers looking for quick snacks, thus maintaining steady sales.Meanwhile, Online Retail has emerged as a growing trend, driven by changing consumer preferences towards e-commerce and the convenience of home delivery, especially post-pandemic. Specialty Stores also hold significance by offering unique and artisanal ice cream products, appealing to niche markets.

The continuous evolution in distribution methods and the increasing importance of customer experiences are further shaping this segment. Together, these channels must adapt to emerging trends and consumer demands, influencing the projective growth and dynamics of the Ice Cream Market.Additionally, the segment is expected to reflect increased engagement in market trends, growth drivers, and challenges, all impacting the Ice Cream Market Statistics in the coming years.

Get more detailed insights about Ice Cream Market Research Report—Global Forecast till 2035

Regional Insights

The Regional segment of the Ice Cream Market showcases diverse growth trends across various geographical locations. In 2024, North America is expected to hold a notable value of 25.0 USD billion, indicating its majority holding in the market.

It is followed by Europe, valued at 20.0 USD billion, demonstrating significant consumer demand for ice cream products. Asia Pacific shows robust potential with a valuation of 14.0 USD Billion in 2024 as an emerging market for ice cream consumption, driven by increasing urbanization and changing dietary habits.South America is also notable, with an estimated market value of 7.0 USD billion, reflecting growing indulgence in frozen desserts.

However, the Middle East and Africa occupy a smaller share of the market, with a value of 5.63 USD billion in 2024, indicating challenges in market penetration due to varying consumer preferences and economic factors.

The overall regional market dynamics highlight important opportunities, particularly in North America and Europe, where premium and innovative ice cream products meet consumer expectations, while emerging regions like Asia Pacific exhibit significant growth potential, shaping the future landscape of the Ice Cream Market.

Ice Cream Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

Key Players and Competitive Insights

The Ice Cream Market is characterized by its dynamic and competitive landscape, where various key players strive to maintain and grow their market share through innovation, marketing strategies, and diversification of product offerings.

A mix of large multinational corporations and local brands contributes to this market, catering to diverse consumer preferences that span different geographical regions.

Factors such as changing lifestyles, increasing disposable incomes, and a growing inclination towards indulgent treats are driving the market's expansion. Additionally, the rise of health-conscious consumers has led to a surge in demand for healthier alternatives, such as low-calorie, dairy-free, and organic ice cream products.

This environment creates both challenges and opportunities for companies competing in the ice cream sector, as they constantly adapt to shifting consumer trends and preferences.

Unilever stands out prominently in the Ice Cream Market due to its extensive portfolio of well-known brands and products that resonate with a wide demographic.

The company has effectively utilized its vast distribution network, allowing it to maintain a significant presence in various global markets. Unilever's strengths lie in its innovative product development, which includes a range of flavors and formulations catering to health-conscious consumers, alongside its classic indulgent offerings.

The company has also invested in sustainability initiatives, appealing to environmentally conscious customers and enhancing its brand image. Through strategic marketing campaigns and collaborations, Unilever continues to bolster its position in the market, making it one of the leading players in the global ice cream sector.

General Mills has established a notable presence in the Ice Cream Market, primarily through its well-known brands that appeal to different segments of consumers.

The company provides an array of popular products, including those under its flagship brand, which often encompasses a mix of both indulgent and healthier options. General Mills focuses on innovation and quality, leveraging consumer insights to create products that align with modern dietary preferences.

In recent years, the company has engaged in strategic mergers and acquisitions to bolster its market share, effectively expanding its product lines and distribution networks. General Mills possesses the strength of a robust supply chain and a strong marketing presence, allowing it to effectively reach consumers across global markets while continuing to enhance the relevance of its offerings.

Key Companies in the Ice Cream Market market include

Industry Developments

The Ice Cream Market has recently seen various developments, with significant growth attributed to evolving consumer preferences and innovations in flavors and formats. Unilever has expanded its product line with plant-based options, responding to the growing demand for healthier alternatives seen in the market.

In August 2023, Froneri announced the acquisition of a local ice cream brand, which aims to enhance its regional footprint and diversify offerings. PepsiCo has been focusing on sustainability, working towards reducing packaging waste, which aligns with the increasing consumer awareness regarding environmental concerns.

In terms of market valuation, General Mills has reported a notable rise in its ice cream segment, contributing positively to its overall financial performance. This trend reflects a wider shift in consumer spending toward indulgent treats, as observed over the last couple of years.

Notable events include Nestle's strategic partnerships aimed at enhancing its product distribution channels across various regions since 2022. The Ice Cream Alliance continues to advocate for industry best practices and supports its members through various initiatives, further emphasizing the dynamic nature of the global ice cream landscape.

Future Outlook

Ice Cream Market Future Outlook

The Global Ice Cream Market is projected to grow at a 2.6% CAGR from 2024 to 2035, driven by increasing consumer demand for premium and health-conscious options.

New opportunities lie in:

Develop plant-based ice cream lines to cater to vegan consumers. Leverage e-commerce platforms for direct-to-consumer sales. Innovate with unique flavors and local ingredients to attract niche markets.

By 2035, the market is expected to achieve robust growth, reflecting evolving consumer preferences and innovative product offerings.

Market Segmentation

Ice Cream Market Flavor Outlook

Vanilla
Chocolate
Strawberry
Mint
Cookies and Cream

Ice Cream Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Ice Cream Market Formulation Outlook

Regular
Low Fat
Non-Dairy
Sugar-Free
Organic

Ice Cream Market Product Type Outlook

Cup Ice Cream
Stick Ice Cream
Soft Serve Ice Cream
Ice Cream Bars
Ice Cream Sandwiches

Ice Cream Market Distribution Channel Outlook

Supermarkets
Convenience Stores
Online Retail
Specialty Stores

Report Scope

Report Attribute/Metric	Details
Market Size 2023	69.81 (USD Billion)
Market Size 2024	71.63 (USD Billion)
Market Size 2035	95.0 (USD Billion)
Compound Annual Growth Rate (CAGR)	2.6% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Unilever, General Mills, PepsiCo, Breyers, Mars, Ice Cream Alliance, Danone, Blue Bell Creameries, Unilever Ice Cream, Nestle, Froneri, Häagen-Dazs
Segments Covered	Product Type, Flavor, Formulation, Distribution Channel, Regional
Key Market Opportunities	Health-conscious product innovations, Plant-based ice cream varieties, Premium artisanal flavors trend, Sustainable packaging solutions, Expansion in emerging markets
Key Market Dynamics	Consumer preferences, health consciousness, innovative flavors, seasonal demand, and distribution channels
Countries Covered	North America, Europe, APAC, South America, MEA