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Retail Ice Cream Market Size, Share, Trends, Growth Outlook

Retail Ice Cream Market Size, Share, Trends, Growth Outlook, and Opportunities to 2032- By Type (Cone, Stick, Cup, Others), By Flavour (Vanilla, Chocolate, Strawberry, Others), Countries and Companies Report

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  • |Published Month : October, 2024
  • |No. of Pages : 198

Global Retail Ice Cream Market Size is valued at $98.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.2% to reach $137.3 Billion by 2032.

The global Retail Ice Cream Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Cone, Stick, Cup, Others), By Flavour (Vanilla, Chocolate, Strawberry, Others).

An Introduction to Retail Ice Cream Market in 2024

The Retail Ice Cream market continues to grow, driven by consumer demand for indulgent and health-conscious options. The market has diversified, offering a wide range of products, including plant-based, dairy-free, and low-sugar alternatives to cater to varying dietary preferences. Premium and artisanal ice creams have also gained popularity as consumers seek high-quality ingredients and unique flavors. Retailers are expanding their product lines, incorporating eco-friendly packaging and launching exclusive collaborations with local producers. With innovations in freezing technology and an increasing focus on health benefits, the market is witnessing a shift towards smaller portion sizes and functional ingredients like probiotics and protein.

Retail Ice Cream Competitive Landscape

The market report analyses the leading companies in the industry including Ben & Jerry's, Blue Bell Creameries, General Mills Inc, Haagen-Dazs, Lotte Confectionery, Mihan Dairy Inc, Nestle S.A., Turkey Hill, Unilever Group, Wells Dairy Inc, and others.

Retail Ice Cream Market Dynamics

Market Trend: Rise of Premium and Artisanal Offerings

The Retail Ice Cream Market is experiencing a significant trend towards the rise of premium and artisanal offerings. Consumers are increasingly seeking unique flavors, high-quality ingredients, and artisanal production methods, driving the demand for gourmet ice cream brands. This trend is characterized by the introduction of innovative flavors, organic and natural ingredients, and indulgent textures that cater to the evolving tastes of health-conscious and adventurous consumers. Retailers are responding to this shift by expanding their product lines to include small-batch and locally sourced ice creams, which not only enhance the overall consumer experience but also differentiate brands in a competitive market.

Market Driver: Growing Demand for Convenient Frozen Treats

A major driver of the Retail Ice Cream Market is the growing demand for convenient frozen treats. As busy lifestyles become more prevalent, consumers are increasingly looking for quick and easy dessert options that can be enjoyed at home or on-the-go. This demand is further fueled by the rise of e-commerce and online grocery shopping, making it easier for consumers to access a wide variety of ice cream products. Retailers are capitalizing on this trend by offering convenient packaging sizes, such as single-serve options and multi-packs, to cater to different consumption occasions. Additionally, the introduction of dairy-free and low-calorie alternatives is expanding the market to include health-conscious consumers who still wish to indulge in frozen treats.

Market Opportunity: Expansion into Health-Conscious Segments

An exciting opportunity in the Retail Ice Cream Market lies in the expansion into health-conscious segments. With a growing awareness of dietary preferences and restrictions, such as lactose intolerance, veganism, and the demand for low-sugar or low-calorie options, there is an increasing opportunity for brands to innovate and develop products that cater to these needs. By creating plant-based ice creams, using natural sweeteners, or fortifying products with functional ingredients (like protein or probiotics), brands can attract a broader audience while aligning with consumer health trends. This shift not only enhances brand loyalty but also positions companies to capture market share in a rapidly evolving health-focused landscape.

Retail Ice Cream Market Share Analysis: Cup segment generated the highest revenue in 2024

The Cup segment is the largest in the Retail Ice Cream Market, primarily due to its versatility, convenience, and consumer preference for single-serving sizes. Ice cream cups offer a practical option for consumers who seek easy portability, portion control, and minimal mess when enjoying their favorite frozen treat. This segment caters to a wide range of preferences, from standard flavors to innovative combinations, making it appealing to both traditional and adventurous eaters. Furthermore, the rise of premium and artisanal ice cream brands has contributed to the growth of the cup segment, as these products are often packaged in cups that emphasize quality and presentation. The increasing trend of on-the-go consumption, especially among busy consumers and families, has also driven demand for ice cream cups, positioning them as a staple in grocery stores, convenience shops, and foodservice outlets. As a result, the cup segment has solidified its status as the largest in the retail ice cream market, reflecting both consumer habits and the evolving landscape of frozen desserts.

Retail Ice Cream Market Share Analysis: Chocolate segment is poised to register the fastest growth rate (CAGR) over the forecast period to 2032.

The Chocolate flavor segment is currently the fastest growing in the Retail Ice Cream Market, driven by its classic appeal and versatility in flavor profiles. Chocolate ice cream, being a perennial favorite, has seen a surge in demand as consumers increasingly seek indulgent and rich dessert options. The growth of innovative chocolate-based ice creams, including dark chocolate, chocolate chip, and chocolate with various mix-ins, has further fueled this segment’s expansion. Additionally, the rising trend of premium and gourmet ice creams that feature high-quality cocoa and unique flavor combinations, such as chocolate salted caramel or chocolate espresso, is attracting discerning consumers looking for a more sophisticated dessert experience. Moreover, chocolate is often perceived as a comfort food, making it especially appealing during times of uncertainty or stress, which has contributed to its rising popularity. This combination of traditional appeal and innovative offerings is positioning the chocolate flavor segment as the fastest growing area in the retail ice cream market, reflecting shifting consumer preferences toward richer, more indulgent flavors.

Retail Ice Cream Market Segmentation

By Type
Cone
Stick
Cup
Others
By Flavour
Vanilla
Chocolate
Strawberry
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Retail Ice Cream Companies Profiled in the Study

Ben & Jerry's
Blue Bell Creameries
General Mills Inc
Haagen-Dazs
Lotte Confectionery
Mihan Dairy Inc
Nestle S.A.
Turkey Hill
Unilever Group
Wells Dairy Inc
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Retail Ice Cream Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Retail Ice Cream Market Size Outlook, $ Million, 2021 to 2032
3.2 Retail Ice Cream Market Outlook by Type, $ Million, 2021 to 2032
3.3 Retail Ice Cream Market Outlook by Product, $ Million, 2021 to 2032
3.4 Retail Ice Cream Market Outlook by Application, $ Million, 2021 to 2032
3.5 Retail Ice Cream Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Retail Ice Cream Industry
4.2 Key Market Trends in Retail Ice Cream Industry
4.3 Potential Opportunities in Retail Ice Cream Industry
4.4 Key Challenges in Retail Ice Cream Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Retail Ice Cream Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Retail Ice Cream Market Outlook by Segments
7.1 Retail Ice Cream Market Outlook by Segments, $ Million, 2021- 2032
By Type
Cone
Stick
Cup
Others
By Flavour
Vanilla
Chocolate
Strawberry
Others

8 North America Retail Ice Cream Market Analysis and Outlook To 2032
8.1 Introduction to North America Retail Ice Cream Markets in 2024
8.2 North America Retail Ice Cream Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Retail Ice Cream Market size Outlook by Segments, 2021-2032
By Type
Cone
Stick
Cup
Others
By Flavour
Vanilla
Chocolate
Strawberry
Others

9 Europe Retail Ice Cream Market Analysis and Outlook To 2032
9.1 Introduction to Europe Retail Ice Cream Markets in 2024
9.2 Europe Retail Ice Cream Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Retail Ice Cream Market Size Outlook by Segments, 2021-2032
By Type
Cone
Stick
Cup
Others
By Flavour
Vanilla
Chocolate
Strawberry
Others

10 Asia Pacific Retail Ice Cream Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Retail Ice Cream Markets in 2024
10.2 Asia Pacific Retail Ice Cream Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Retail Ice Cream Market size Outlook by Segments, 2021-2032
By Type
Cone
Stick
Cup
Others
By Flavour
Vanilla
Chocolate
Strawberry
Others

11 South America Retail Ice Cream Market Analysis and Outlook To 2032
11.1 Introduction to South America Retail Ice Cream Markets in 2024
11.2 South America Retail Ice Cream Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Retail Ice Cream Market size Outlook by Segments, 2021-2032
By Type
Cone
Stick
Cup
Others
By Flavour
Vanilla
Chocolate
Strawberry
Others

12 Middle East and Africa Retail Ice Cream Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Retail Ice Cream Markets in 2024
12.2 Middle East and Africa Retail Ice Cream Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Retail Ice Cream Market size Outlook by Segments, 2021-2032
By Type
Cone
Stick
Cup
Others
By Flavour
Vanilla
Chocolate
Strawberry
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Ben & Jerry's
Blue Bell Creameries
General Mills Inc
Haagen-Dazs
Lotte Confectionery
Mihan Dairy Inc
Nestle S.A.
Turkey Hill
Unilever Group
Wells Dairy Inc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Cone
Stick
Cup
Others
By Flavour
Vanilla
Chocolate
Strawberry
Others

Frequently Asked Questions