Ice Cream Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Ice Cream Market is segmented by Distribution Channel (Off-Trade, On-Trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume are both presented. Key Data Points observed include Per capita consumption; Population; and Dairy production.

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Ice Cream Market Size

Ice Cream Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2023) USD 101.23 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 125.93 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Distribution Channel Off-Trade
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2023 - 2029) 3.70 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Europe

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Ice Cream Market Analysis

The Ice Cream Market size is estimated at 101.23 billion USD in 2023, and is expected to reach 125.93 billion USD by 2029, growing at a CAGR of 3.70% during the forecast period (2023-2029).

  • Off-Trade is the largest distribution channel in the Ice Cream Market. The growth of segment in the country is largely driven with the existence of an inviting place for customers to shop, as they are constantly drawn to make large purchases.
  • The largest region for the Ice Cream Market is Europe. Over the review period, indulgence and the increasing consumer preference for ice cream as a leisure product drove the growth and innovative flavors are further driving the segment.
  • Among all the Distribution Channels, Off-Trade is the Fastest-growing contributor to the Ice Cream Market. The onset of the experimential economy and the rising social media platforms with increasing consumer reach in the market is driving the off trade channels through online channels
  • The growth rate of South America segment indicates that it is the Fastest-growing region. Health and wellness trends in South America led to the inclination of consumers toward low-fat, lactose-free variants, and calcium-rich variants, with rising growth for gluten-free, low-sugar ice creams.

Strong penetration of organized retail channels propelling the market growth.

  • The off-trade segment dominates the distribution channels of the global ice cream market. In the off-trade segment, consumers prefer buying ice cream majorly from supermarkets and hypermarkets, as people get discount coupons for bulk shopping in supermarkets. As a result, the off-trade channel is considered the primary distribution channel for the sales of ice cream, with more than 74% of overall sales as of 2023 globally.
  • Convenience stores are the second-largest channel for the sales of ice cream after supermarkets and hypermarkets. In 2022, the sales value of ice cream through convenience stores increased by 3.4% compared to 2021. Many convenience stores stay open longer than traditional retail stores, resulting in more time in the day for the companies' products to be sold.
  • Ice creams are commonly consumed as after-meal snacks in restaurants and foodservice channels, which is further boosting the global ice cream market growth. As of 2022, 47% of consumers consumed meals and ice cream at restaurants, and 31% of consumers ordered their food from foodservice channels globally.
  • Africa had the highest sales of ice cream through on-trade channels globally, accounting for a major share of 50% in 2023. The sales are driven by the strong preference for eating out in the region. South Africa and Egypt are the leading countries in terms of sales of ice cream through on-trade channels in Africa. In 2022, the two countries covered 79% of sales in terms of volume in the total ice cream sales through on-trade channels in the region. In 2022, there were 3.5 million reservations in South Africa, seating 17.8 million diners at restaurants across the country. In 2020, despite the pandemic, around 68% of African people showed a willingness to eat out.
Ice Cream Market: Ice Cream Market, CAGR, %, By Distribution Channel, 2023 - 2029

Consumer growing preference towards sweet indulgence driving the market growth.

  • The global ice cream industry observed growth of 2.83% in 2022 compared to 2021. The growth was attributed to the rising number of consumers with a sweet tooth globally. In 2022, it was observed that the average Kiwi (People of New Zealand) consumed 28.4 l of ice cream. The United States, Australia, and Finland had a per capita consumption of volume of 20.8 l, 18.0 l, and 14.2 l in 2022, respectively.
  • In North America, premium and regular ice cream hold 80% of the market. In 2022, 16% of the total population of North America preferred chocolate-flavored ice cream, followed by cookie N cream and vanilla, preferred by 13% and 12% of the population, respectively. Some flavors, such as cookie dough and mint chocolate dip, were preferred by 11% of the population. In 2022, 37% of consumers preferred eating ice cream out of a bowl.
  • In the Middle East, consumers prioritize products' shelf life to store them conveniently. Ice creams have a longer shelf life, ranging from 12 to 24 months, depending on the temperature. Consumers in the Middle East prefer to consume ice cream at home.
  • During the review period (2017-2022), in Asia-Pacific, China dominated the ice cream industry with a production of a whopping 4.3 billion l worth of ice cream. India, Vietnam, and Indonesia amassed a total of 13 billion l worth of ice cream sales. India sold 657 million l of ice cream in 2021. With the increased innovation in the ice cream industry, the demand for such products is expected to grow during the forecast period (2025-2029).
Ice Cream Market: Ice Cream Market, CAGR, %, By Region, 2023 - 2029

Global Ice Cream Market Trends

The strong penetration of ice cream parlors, the availability of diverse flavors, and the consumer preference for indulgent and healthier dessert options are driving the consumption of ice cream.

  • Ice cream is the most widely consumed dairy dessert globally, with strong penetration across different countries. The demand for ice cream is driven by the significant number of ice cream parlors and scoop shops emerging in response to the high consumer spending on different flavors of ice creams. Europe is a significant consumer of ice cream globally. In 2022, Germany, the United Kingdom, Italy, and Spain collectively covered 29.28% of the overall ice cream consumption.
  • Developed markets like the United States, the United Kingdom, Germany, and Australia are witnessing rising health concerns. Thus, consumers across the region prefer ice cream products that are GMO-free, preservative-free, dairy-free, low in calories, and organic and fat-free.
  • The Asian ice cream market is growing, with brands tapping into the ice cream trend from an indulgence and a health perspective. For example, per capita consumption of ice cream in India is expected to increase by 5.90% from 2023-2024. The growing consumer expenditure on food and beverages, the introduction of new flavors, increasing impulse purchasing, and strong demand for healthy ice cream products among consumers are some of the primary factors increasing the consumption of ice cream. 75% of consumers in Asia often try new or different varieties when purchasing ice cream products.
Global Ice Cream Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The growing demand for processed dairy products followed by increasing prices globally is emerged to be the major factors impacting the production of milk

Ice Cream Industry Overview

The Ice Cream Market is fragmented, with the top five companies occupying 28.04%. The major players in this market are General Mills Inc., Inner Mongolia Yili Industrial Group Co. Ltd, Nestlé SA, Unilever PLC and Wells Enterprises Inc. (sorted alphabetically).

Ice Cream Market Leaders

  1. General Mills Inc.

  2. Inner Mongolia Yili Industrial Group Co. Ltd

  3. Nestlé SA

  4. Unilever PLC

  5. Wells Enterprises Inc.

Ice Cream Market Concentration

Other important companies include Blue Bell Creameries LP, Dairy Farmers of America Inc., Lotte Corporation, Smith Foods Inc..

*Disclaimer: Major Players sorted in no particular order

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Ice Cream Market News

  • October 2022: Unilever partnered with ASAP for the delivery of its ice cream products. As per the partnership, ASAP will also deliver ice cream and treats from Unilever's virtual storefront, The Ice Cream Shop.
  • October 2022: Kemps replaced Dean Goods throughout Iowa as Dairy Farmers of America completed the USD 433 million acquisition of Dean Foods properties. The business took over the Le Mars milk factory, which can process numerous Kemps products, from cottage cheese to ice cream.
  • October 2022: Blue Ribbon's Street range launched three new two-liter tubs, each featuring two flavors. The range includes chocolate affair, caramel hokey pokey, and velvety caramel.

Ice Cream Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Per Capita Consumption

    2. 2.2. Raw Material/Commodity Production

    3. 2.3. Regulatory Framework

      1. 2.3.1. Brazil

      2. 2.3.2. Canada

      3. 2.3.3. Germany

      4. 2.3.4. Italy

      5. 2.3.5. Japan

      6. 2.3.6. Mexico

      7. 2.3.7. United States

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Distribution Channel

      1. 3.1.1. Off-Trade

        1. 3.1.1.1. Convenience Stores

        2. 3.1.1.2. Online Retail

        3. 3.1.1.3. Specialist Retailers

        4. 3.1.1.4. Supermarkets and Hypermarkets

        5. 3.1.1.5. Others (Warehouse clubs, gas stations, etc.)

      2. 3.1.2. On-Trade

    2. 3.2. Region

      1. 3.2.1. Africa

        1. 3.2.1.1. By Distribution Channel

        2. 3.2.1.2. Egypt

        3. 3.2.1.3. Nigeria

        4. 3.2.1.4. South Africa

        5. 3.2.1.5. Rest of Africa

      2. 3.2.2. Asia-Pacific

        1. 3.2.2.1. By Distribution Channel

        2. 3.2.2.2. Australia

        3. 3.2.2.3. China

        4. 3.2.2.4. India

        5. 3.2.2.5. Indonesia

        6. 3.2.2.6. Japan

        7. 3.2.2.7. Malaysia

        8. 3.2.2.8. New Zealand

        9. 3.2.2.9. Pakistan

        10. 3.2.2.10. South Korea

        11. 3.2.2.11. Rest of Asia Pacific

      3. 3.2.3. Europe

        1. 3.2.3.1. By Distribution Channel

        2. 3.2.3.2. Belgium

        3. 3.2.3.3. France

        4. 3.2.3.4. Germany

        5. 3.2.3.5. Italy

        6. 3.2.3.6. Netherlands

        7. 3.2.3.7. Russia

        8. 3.2.3.8. Spain

        9. 3.2.3.9. Turkey

        10. 3.2.3.10. United Kingdom

        11. 3.2.3.11. Rest of Europe

      4. 3.2.4. Middle East

        1. 3.2.4.1. By Distribution Channel

        2. 3.2.4.2. Bahrain

        3. 3.2.4.3. Iran

        4. 3.2.4.4. Kuwait

        5. 3.2.4.5. Oman

        6. 3.2.4.6. Qatar

        7. 3.2.4.7. Saudi Arabia

        8. 3.2.4.8. United Arab Emirates

        9. 3.2.4.9. Rest of Middle East

      5. 3.2.5. North America

        1. 3.2.5.1. By Distribution Channel

        2. 3.2.5.2. Canada

        3. 3.2.5.3. Mexico

        4. 3.2.5.4. United States

        5. 3.2.5.5. Rest of North America

      6. 3.2.6. South America

        1. 3.2.6.1. By Distribution Channel

        2. 3.2.6.2. Argentina

        3. 3.2.6.3. Brazil

        4. 3.2.6.4. Rest of South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Blue Bell Creameries LP

      2. 4.4.2. Dairy Farmers of America Inc.

      3. 4.4.3. General Mills Inc.

      4. 4.4.4. Inner Mongolia Yili Industrial Group Co. Ltd

      5. 4.4.5. Lotte Corporation

      6. 4.4.6. Nestlé SA

      7. 4.4.7. Smith Foods Inc.

      8. 4.4.8. Unilever PLC

      9. 4.4.9. Wells Enterprises Inc.

  7. 5. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PER CAPITA CONSUMPTION OF ICE CREAM, KG, GLOBAL, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION OF MILK, METRIC TONNES, GLOBAL, 2017 - 2021
  1. Figure 3:  
  2. VOLUME OF ICE CREAM, METRIC TONNES, BY GLOBAL, 2017 - 2029
  1. Figure 4:  
  2. VALUE OF ICE CREAM, USD, BY GLOBAL, 2017 - 2029
  1. Figure 5:  
  2. VOLUME OF GLOBAL ICE CREAM MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. VALUE OF GLOBAL ICE CREAM MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
  1. Figure 7:  
  2. VOLUME SHARE OF GLOBAL ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 8:  
  2. VALUE SHARE OF GLOBAL ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 9:  
  2. VOLUME OF GLOBAL ICE CREAM MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF GLOBAL ICE CREAM MARKET BY SUB DISTRIBUTION CHANNELS, USD, GLOBAL, 2017 - 2029
  1. Figure 11:  
  2. VOLUME SHARE OF GLOBAL ICE CREAM MARKET, BY SUB DISTRIBUTION CHANNELS , %, GLOBAL, 2017 - 2029
  1. Figure 12:  
  2. VALUE SHARE OF GLOBAL ICE CREAM MARKET, BY SUB DISTRIBUTION CHANNELS , %, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VOLUME OF CONVENIENCE STORES, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 14:  
  2. VALUE OF CONVENIENCE STORES, USD, GLOBAL, 2017 - 2029
  1. Figure 15:  
  2. VOLUME OF ONLINE RETAIL, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF ONLINE RETAIL, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VOLUME OF SPECIALIST RETAILERS, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 18:  
  2. VALUE OF SPECIALIST RETAILERS, USD, GLOBAL, 2017 - 2029
  1. Figure 19:  
  2. VOLUME OF SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF SUPERMARKETS AND HYPERMARKETS, USD, GLOBAL, 2017 - 2029
  1. Figure 21:  
  2. VOLUME OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VOLUME OF ON-TRADE, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 24:  
  2. VALUE OF ON-TRADE, USD, GLOBAL, 2017 - 2029
  1. Figure 25:  
  2. VOLUME OF GLOBAL ICE CREAM MARKET BY REGION, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF GLOBAL ICE CREAM MARKET BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 27:  
  2. VOLUME SHARE OF GLOBAL ICE CREAM MARKET, BY REGION , %, GLOBAL, 2017 - 2029
  1. Figure 28:  
  2. VALUE SHARE OF GLOBAL ICE CREAM MARKET, BY REGION , %, GLOBAL, 2017 - 2029
  1. Figure 29:  
  2. VOLUME OF AFRICA ICE CREAM MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 30:  
  2. VALUE OF AFRICA ICE CREAM MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
  1. Figure 31:  
  2. VOLUME SHARE OF AFRICA ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 32:  
  2. VALUE SHARE OF AFRICA ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 33:  
  2. VOLUME OF AFRICA ICE CREAM MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF AFRICA ICE CREAM MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 35:  
  2. VOLUME SHARE OF AFRICA ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF AFRICA ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 37:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, EGYPT, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF ICE CREAM MARKET, USD, EGYPT, 2017 - 2029
  1. Figure 39:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, NIGERIA, 2017 - 2029
  1. Figure 40:  
  2. VALUE OF ICE CREAM MARKET, USD, NIGERIA, 2017 - 2029
  1. Figure 41:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, SOUTH AFRICA, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF ICE CREAM MARKET, USD, SOUTH AFRICA, 2017 - 2029
  1. Figure 43:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, REST OF AFRICA, 2017 - 2029
  1. Figure 44:  
  2. VALUE OF ICE CREAM MARKET, USD, REST OF AFRICA, 2017 - 2029
  1. Figure 45:  
  2. VOLUME OF ASIA-PACIFIC ICE CREAM MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 46:  
  2. VALUE OF ASIA-PACIFIC ICE CREAM MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
  1. Figure 47:  
  2. VOLUME SHARE OF ASIA-PACIFIC ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 48:  
  2. VALUE SHARE OF ASIA-PACIFIC ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 49:  
  2. VOLUME OF ASIA-PACIFIC ICE CREAM MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 50:  
  2. VALUE OF ASIA-PACIFIC ICE CREAM MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 51:  
  2. VOLUME SHARE OF ASIA-PACIFIC ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 52:  
  2. VALUE SHARE OF ASIA-PACIFIC ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 53:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, AUSTRALIA, 2017 - 2029
  1. Figure 54:  
  2. VALUE OF ICE CREAM MARKET, USD, AUSTRALIA, 2017 - 2029
  1. Figure 55:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, CHINA, 2017 - 2029
  1. Figure 56:  
  2. VALUE OF ICE CREAM MARKET, USD, CHINA, 2017 - 2029
  1. Figure 57:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, INDIA, 2017 - 2029
  1. Figure 58:  
  2. VALUE OF ICE CREAM MARKET, USD, INDIA, 2017 - 2029
  1. Figure 59:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, INDONESIA, 2017 - 2029
  1. Figure 60:  
  2. VALUE OF ICE CREAM MARKET, USD, INDONESIA, 2017 - 2029
  1. Figure 61:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, JAPAN, 2017 - 2029
  1. Figure 62:  
  2. VALUE OF ICE CREAM MARKET, USD, JAPAN, 2017 - 2029
  1. Figure 63:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, MALAYSIA, 2017 - 2029
  1. Figure 64:  
  2. VALUE OF ICE CREAM MARKET, USD, MALAYSIA, 2017 - 2029
  1. Figure 65:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, NEW ZEALAND, 2017 - 2029
  1. Figure 66:  
  2. VALUE OF ICE CREAM MARKET, USD, NEW ZEALAND, 2017 - 2029
  1. Figure 67:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, PAKISTAN, 2017 - 2029
  1. Figure 68:  
  2. VALUE OF ICE CREAM MARKET, USD, PAKISTAN, 2017 - 2029
  1. Figure 69:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
  1. Figure 70:  
  2. VALUE OF ICE CREAM MARKET, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 71:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, REST OF ASIA PACIFIC, 2017 - 2029
  1. Figure 72:  
  2. VALUE OF ICE CREAM MARKET, USD, REST OF ASIA PACIFIC, 2017 - 2029
  1. Figure 73:  
  2. VOLUME OF EUROPE ICE CREAM MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 74:  
  2. VALUE OF EUROPE ICE CREAM MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
  1. Figure 75:  
  2. VOLUME SHARE OF EUROPE ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 76:  
  2. VALUE SHARE OF EUROPE ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 77:  
  2. VOLUME OF EUROPE ICE CREAM MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 78:  
  2. VALUE OF EUROPE ICE CREAM MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 79:  
  2. VOLUME SHARE OF EUROPE ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 80:  
  2. VALUE SHARE OF EUROPE ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 81:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, BELGIUM, 2017 - 2029
  1. Figure 82:  
  2. VALUE OF ICE CREAM MARKET, USD, BELGIUM, 2017 - 2029
  1. Figure 83:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, FRANCE, 2017 - 2029
  1. Figure 84:  
  2. VALUE OF ICE CREAM MARKET, USD, FRANCE, 2017 - 2029
  1. Figure 85:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, GERMANY, 2017 - 2029
  1. Figure 86:  
  2. VALUE OF ICE CREAM MARKET, USD, GERMANY, 2017 - 2029
  1. Figure 87:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, ITALY, 2017 - 2029
  1. Figure 88:  
  2. VALUE OF ICE CREAM MARKET, USD, ITALY, 2017 - 2029
  1. Figure 89:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, NETHERLANDS, 2017 - 2029
  1. Figure 90:  
  2. VALUE OF ICE CREAM MARKET, USD, NETHERLANDS, 2017 - 2029
  1. Figure 91:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, RUSSIA, 2017 - 2029
  1. Figure 92:  
  2. VALUE OF ICE CREAM MARKET, USD, RUSSIA, 2017 - 2029
  1. Figure 93:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, SPAIN, 2017 - 2029
  1. Figure 94:  
  2. VALUE OF ICE CREAM MARKET, USD, SPAIN, 2017 - 2029
  1. Figure 95:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, TURKEY, 2017 - 2029
  1. Figure 96:  
  2. VALUE OF ICE CREAM MARKET, USD, TURKEY, 2017 - 2029
  1. Figure 97:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, UNITED KINGDOM, 2017 - 2029
  1. Figure 98:  
  2. VALUE OF ICE CREAM MARKET, USD, UNITED KINGDOM, 2017 - 2029
  1. Figure 99:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, REST OF EUROPE, 2017 - 2029
  1. Figure 100:  
  2. VALUE OF ICE CREAM MARKET, USD, REST OF EUROPE, 2017 - 2029
  1. Figure 101:  
  2. VOLUME OF MIDDLE EAST ICE CREAM MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 102:  
  2. VALUE OF MIDDLE EAST ICE CREAM MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
  1. Figure 103:  
  2. VOLUME SHARE OF MIDDLE EAST ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 104:  
  2. VALUE SHARE OF MIDDLE EAST ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 105:  
  2. VOLUME OF MIDDLE EAST ICE CREAM MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 106:  
  2. VALUE OF MIDDLE EAST ICE CREAM MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 107:  
  2. VOLUME SHARE OF MIDDLE EAST ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 108:  
  2. VALUE SHARE OF MIDDLE EAST ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 109:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, BAHRAIN, 2017 - 2029
  1. Figure 110:  
  2. VALUE OF ICE CREAM MARKET, USD, BAHRAIN, 2017 - 2029
  1. Figure 111:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, IRAN, 2017 - 2029
  1. Figure 112:  
  2. VALUE OF ICE CREAM MARKET, USD, IRAN, 2017 - 2029
  1. Figure 113:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, KUWAIT, 2017 - 2029
  1. Figure 114:  
  2. VALUE OF ICE CREAM MARKET, USD, KUWAIT, 2017 - 2029
  1. Figure 115:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, OMAN, 2017 - 2029
  1. Figure 116:  
  2. VALUE OF ICE CREAM MARKET, USD, OMAN, 2017 - 2029
  1. Figure 117:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, QATAR, 2017 - 2029
  1. Figure 118:  
  2. VALUE OF ICE CREAM MARKET, USD, QATAR, 2017 - 2029
  1. Figure 119:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, SAUDI ARABIA, 2017 - 2029
  1. Figure 120:  
  2. VALUE OF ICE CREAM MARKET, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 121:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 122:  
  2. VALUE OF ICE CREAM MARKET, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 123:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 124:  
  2. VALUE OF ICE CREAM MARKET, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 125:  
  2. VOLUME OF NORTH AMERICA ICE CREAM MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 126:  
  2. VALUE OF NORTH AMERICA ICE CREAM MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
  1. Figure 127:  
  2. VOLUME SHARE OF NORTH AMERICA ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 128:  
  2. VALUE SHARE OF NORTH AMERICA ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 129:  
  2. VOLUME OF NORTH AMERICA ICE CREAM MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 130:  
  2. VALUE OF NORTH AMERICA ICE CREAM MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 131:  
  2. VOLUME SHARE OF NORTH AMERICA ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 132:  
  2. VALUE SHARE OF NORTH AMERICA ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 133:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, CANADA, 2017 - 2029
  1. Figure 134:  
  2. VALUE OF ICE CREAM MARKET, USD, CANADA, 2017 - 2029
  1. Figure 135:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, MEXICO, 2017 - 2029
  1. Figure 136:  
  2. VALUE OF ICE CREAM MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 137:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, UNITED STATES, 2017 - 2029
  1. Figure 138:  
  2. VALUE OF ICE CREAM MARKET, USD, UNITED STATES, 2017 - 2029
  1. Figure 139:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, REST OF NORTH AMERICA, 2017 - 2029
  1. Figure 140:  
  2. VALUE OF ICE CREAM MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
  1. Figure 141:  
  2. VOLUME OF SOUTH AMERICA ICE CREAM MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 142:  
  2. VALUE OF SOUTH AMERICA ICE CREAM MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
  1. Figure 143:  
  2. VOLUME SHARE OF SOUTH AMERICA ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 144:  
  2. VALUE SHARE OF SOUTH AMERICA ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
  1. Figure 145:  
  2. VOLUME OF SOUTH AMERICA ICE CREAM MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
  1. Figure 146:  
  2. VALUE OF SOUTH AMERICA ICE CREAM MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 147:  
  2. VOLUME SHARE OF SOUTH AMERICA ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 148:  
  2. VALUE SHARE OF SOUTH AMERICA ICE CREAM MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
  1. Figure 149:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, ARGENTINA, 2017 - 2029
  1. Figure 150:  
  2. VALUE OF ICE CREAM MARKET, USD, ARGENTINA, 2017 - 2029
  1. Figure 151:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, BRAZIL, 2017 - 2029
  1. Figure 152:  
  2. VALUE OF ICE CREAM MARKET, USD, BRAZIL, 2017 - 2029
  1. Figure 153:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 154:  
  2. VALUE OF ICE CREAM MARKET, USD, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 155:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2017 - 2029
  1. Figure 156:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2017 - 2029
  1. Figure 157:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022

Ice Cream Industry Segmentation

Off-Trade, On-Trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • The off-trade segment dominates the distribution channels of the global ice cream market. In the off-trade segment, consumers prefer buying ice cream majorly from supermarkets and hypermarkets, as people get discount coupons for bulk shopping in supermarkets. As a result, the off-trade channel is considered the primary distribution channel for the sales of ice cream, with more than 74% of overall sales as of 2023 globally.
  • Convenience stores are the second-largest channel for the sales of ice cream after supermarkets and hypermarkets. In 2022, the sales value of ice cream through convenience stores increased by 3.4% compared to 2021. Many convenience stores stay open longer than traditional retail stores, resulting in more time in the day for the companies' products to be sold.
  • Ice creams are commonly consumed as after-meal snacks in restaurants and foodservice channels, which is further boosting the global ice cream market growth. As of 2022, 47% of consumers consumed meals and ice cream at restaurants, and 31% of consumers ordered their food from foodservice channels globally.
  • Africa had the highest sales of ice cream through on-trade channels globally, accounting for a major share of 50% in 2023. The sales are driven by the strong preference for eating out in the region. South Africa and Egypt are the leading countries in terms of sales of ice cream through on-trade channels in Africa. In 2022, the two countries covered 79% of sales in terms of volume in the total ice cream sales through on-trade channels in the region. In 2022, there were 3.5 million reservations in South Africa, seating 17.8 million diners at restaurants across the country. In 2020, despite the pandemic, around 68% of African people showed a willingness to eat out.
Distribution Channel
Off-Trade
Convenience Stores
Online Retail
Specialist Retailers
Supermarkets and Hypermarkets
Others (Warehouse clubs, gas stations, etc.)
On-Trade
Region
Africa
By Distribution Channel
Egypt
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Distribution Channel
Australia
China
India
Indonesia
Japan
Malaysia
New Zealand
Pakistan
South Korea
Rest of Asia Pacific
Europe
By Distribution Channel
Belgium
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
By Distribution Channel
Bahrain
Iran
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Distribution Channel
Canada
Mexico
United States
Rest of North America
South America
By Distribution Channel
Argentina
Brazil
Rest of South America
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Market Definition

  • Butter - Butter is a yellow-to-white solid emulsion of fat globules, water, and inorganic salts produced by churning the cream from cows’ milk
  • Dairy - Dairy product include milk and any of the foods made from milk, including butter, cheese, ice cream, yogurt, and condensed and dried milk.
  • Frozen Desserts - Frozen dairy dessert means and includes products containing milk or cream and other ingredients which are frozen or semi-frozen prior to consumption, such as ice milk or sherbet, including frozen dairy desserts for special dietary purposes, and sorbet
  • Sour Milk Drinks - Sour milk is thick, curdled milk, with a sour taste, obtained from the fermentation of milk. Sour milk drinks such as kefir, laban, buttermilk have been considered in the study
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.​
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.​
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.​
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Ice Cream Market Research FAQs

The Global Ice Cream Market size is expected to reach USD 101.23 billion in 2023 and grow at a CAGR of 3.70% to reach USD 125.93 billion by 2029.

In 2023, the Global Ice Cream Market size is expected to reach USD 101.23 billion.

General Mills Inc., Inner Mongolia Yili Industrial Group Co. Ltd, Nestlé SA, Unilever PLC and Wells Enterprises Inc. are the major companies operating in the Global Ice Cream Market.

In the Global Ice Cream Market, the Off-Trade segment accounts for the largest share by distribution channel.

In 2023, Europe accounts for the largest share by region in the Global Ice Cream Market.

Ice Cream Industry Report

Statistics for the 2022 Ice Cream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ice Cream analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Ice Cream Market Report Snapshots

Ice Cream Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029