Ice Cream Market Estimated to Exceed US$ 91.2 Billion Globally By 2024: IMARC Group

Global Ice Cream Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Report Description Global Ice Cream Market Overview:

According to the latest report by IMARC Group, titles “ Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast Till 2019-2024’’, the global ice cream market reached a value of US$ 57.7 Billion in 2018, growing at a CAGR of 4.5% during 2011-2018. Ice cream refers to dessert prepared using flavorings, milk and frozen cream which are churned together to acquire a smooth consistency. It is a rich source of calcium, thiamine, riboflavin, niacin, folate, phosphorus, carbohydrates, and vitamins A, C, D, E, K, B-6 and B-12. it is associated with various health advantages such as providing energy, strengthening bones and lowering blood pressure, Owing to these attributes, ice cream has become one of the most popular snacks worldwide. It is consumed on its own as well as used with other food products to enhance their flavor and texture.

Ice Cream Market Trends On account of rapid urbanization, changing food patterns and inflating income levels, the fast food industry is growing at a steady rate. As ice cream is used in the preparation of several desserts and beverages such as sundaes, milkshakes, floats, cakes and other confectionary goods, its demand is increasing across the globe.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Manufactures are launching gluten and lactose-free ice creams to expand their consumer base.

Looking forward, the ice cream market size is projected to reach US$ 91.2 Billion by 2024, growing at a CAGR of 8.0% during forecast period (2019-2024).

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Moreover, with the emerging trend of premiumization and value addition, manufactures are incorporating finer-quality ingredients, and introducing innovative flavours and such as organic, low-fat and sugar-free product variants.

Key Market Segmentation: Market Segmentation by Flavor Chocolate Fruit Vanilla Others Based on flavors, the market has been segmented into chocolate, fruit, vanilla and others. Currently, vanilla flavor dominated the market, holding the largest share.

Market Segmentation By Categories •

Impulse Ice Cream

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Report Description • •

Take-Home Ice Cream Artisanal Ice Cream

Based on categories, the market has been classified into impulse, take-home and artisanal ice cream.

Among these, the impulse segment accounts for the majority of the total market share as it is available in single-serve formats aimed for immediate consumption.

Market Segmentation by Products • • • • • •

Cup Stick Cone Brick Tub Others

The market has been segregated on the basis of products, which include cup, stick, cine, brick, tub and others. At present, most of the consumer prefer purchasing ice cream cups in comparison with other product types.

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Report Description Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. Amongst these, Asia Pacific is the leading market, accounting for the majority of the global share.

For more information, click here: https://www.imarcgroup.com/ice-cream-market Market Segmentation By Distribution Channel • •

Supermarkets/ Hypermarkets Convenience Stores

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Ice Cream Parlors Online Stores Others

Based on distribution channel, the market has been divided into supermarkets, Convenience stores, ice parlours, online stores and others. Presently supermarkets/hypermarkets represent the dominant segment as they offer a large shelf-space and vast product choice to consumers.

Competitive Landscape: The competitive landscape of the global market has been analyzed in the report along with the detailed profiles of the key players operating in the industry.

Browse Related Report Indian Ice Cream Market Report: https://www.imarcgroup.com/ice-cream-market-india North America Ice Cream Market: https://www.imarcgroup.com/north-america-ice-cream-market

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