Global Ice Cream Market to Reach $102.38 Billion by 2033: Key Trends and Growth Forecast

Market Size & Growth

Market Size (2024): USD 78.57 BillionProjected Market Size (2033): USD 102.38 BillionCompound Annual Growth Rate (CAGR) (2025-2033): 2.95%

Key Market Drivers:

Rising Disposable Incomes Fuel IndulgencePlant-Based Ice Cream Market Reaches New HeightsBroader Retail and Delivery Access

Emerging Trends

Surge in Plant-Based and Vegan Ice CreamsNew and International Taste InnovationsGrowth of Single Serve and Impulse Products

Segmentation Highlights

Analysis by FlavorAnalysis by CategoryAnalysis by ProductAnalysis by Distribution ChannelRegional Analysis

Market Overview:

According to IMARC Group’s latest research publication, The global ice cream market size was valued at USD 78.57 Billion in 2024. The market is projected to reach USD 102.38 Billion by 2033, exhibiting a CAGR of 2.95% from 2025-2033.

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Our report includes:

Market DynamicsMarket Trends and Market OutlookCompetitive AnalysisIndustry SegmentationStrategic RecommendationsGrowth Factors in the Ice Cream Market

Rising Disposable Incomes Fuel Indulgence

Emerging economies are witnessing an increase in consumption of treats like ice cream, and this rise can be attributed to an increase in incomes. Consumers are choosing premium and artisanal ice creams that feature richer flavors because they are more affordable now, a key finding in ice cream market research. The U.S. has about 70% of the population enjoying desserts at least once a week, amounting to an annual average of 23 pounds of ice cream per person. Sales are rising especially for high-end brands due to this surge in demand. Companies like Häagen-Dazs and Ben & Jerry’s are capitalizing on this by launching luxury flavors and limited-edition pints. The entry of global brands into the Indian market is also being facilitated by looser licensing policies and 100% foreign direct investment in single-brand retail, further impacting the ice cream market research landscape. This movement does not appear to be stopping anytime soon as the unbanked population continues to gain access to financial services.

Plant-Based Ice Cream Market Reaches New Heights

The growing awareness of health problems is reshaping the ice cream market. Ice creams that are lactose free, low in sugar, or made from plants are being embraced by an ever-increasing population that desires to stay healthy while still enjoying food. The plant-based ice cream market alone is already valued at over $1.1 billion globally. This illustrates the demand for vegan and allergen-free products. So Delicious and Oatly are offering a new line of oat and almond based ice cream, which shows that they intend to cater to this shift. There are even government initiatives such as India supported innovation in food through policy changes which prompts businesses to focus on healthful food products. Supermarkets, which hold a market share of 38.9% globally, are increasing their stock of such health products. This is more than just a passing trend, the capability that consumers have to purchase and the desire to indulge in health has turned this into a primary concern.

Broader Retail and Delivery Access

The ice cream industry is thriving due to easier access via supermarkets, convenience stores, and even delivery apps. Supermarkets and hypermarkets alone account for 38.9% of ice cream sales globally, underlining their significance within this industry. The food delivery sector has made getting ice cream easier than ever; Uber Eats and DoorDash now enable indulgent spur-of-the-moment purchases. In South Korea, ice cream is now available all year round due to advancements in digital retailing. Companies are also spending money on branded freezers at retail locations in emerging markets to boost visibility. Local manufacturers are also collaborating with international companies to improve the cold-chain logistics system, maintaining product freshness even in remote locations. This increased access is expanding the base of consumers able to enjoy ice cream.

Key Trends in the Ice Cream MarketSurge in Plant-Based and Vegan Ice Creams

As consumers embrace vegan and eco-friendly options, plant-based ice creams are taking the market by storm. This segment is growing rapidly, driven by the need for dairy-free options that replicate the creamy mouthfeel of traditional ice cream, and is already valued at over $1.1 billion. With a growing number of shoppers being conscious about health and the environment, major brands such as Ben & Jerry’s and Magnum have introduced vegan lines that use coconut, oat, or almond bases. Oatly’s chocolate fudge flavor is an example of such a hit in Europe. In addition to retailers expanding shelf space, foodservice channels, holding a 55.2% share of the market, are increasingly adding vegan desserts to their menus. This trend captures the wider effort towards sustainability; brands are focusing on clean-label formulations to attract the increasing vegan demographic.

New and International Taste Innovations

Flavors of ice cream are becoming bolder and more adventurous while drawing inspiration from different cultures. There has been a marked increase of 70% in the consumption of ice creams with matcha, mango sticky rice, and alcohol-infused flavors. In South Korea, brands are introducing flavors inspired by their culture, such as red bean and sesame. Yelp has even made a prediction for the best ice cream shops in 2025 and one of the highlights is a growing fad around vibrant and outlandish sweets including those that utilize ube and black sesame. Other companies are looking to separate themselves by introducing fusion flavors such as tequila-lime sorbet and masala chai ice cream. The primary consumers in this case are heavily driven by social media relevance and novel taste sensations which is why these global flavors are becoming best-sellers.

Growth of Single Serve and Impulse Products

The category of single-serve ice cream is expanding rapidly due to consumer preference for convenience and portability. The products range from mini cones to pint-sized ice creams which are now sold on-the-go. Their purchase is elevating sales in supermarkets as well as convenience stores. In Latin America, the economical price of single-serve portions is very beneficial in driving growth. Local brands have also embraced this growth strategy by introducing limited edition ice cream flavors such as guava and passionfruit. Globally, branded ice cream freezers are encouraging impulse buys, turning demand for ice cream into lin-demand. For instance, Cornetto cones by Unilever are popular in Asia whereas Mini Drumsticksare a hit in North America. The foodservice sector, which has a market share of 55.2%, also aggressively markets single-serve desserts in cafes and fast-food restaurants. The trend aligns perfectly with the need of modern consumers. Ice cream is a simple snack, any time and anywhere, for people of all ages.

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Leading Companies Operating in the Global Ice Cream Market Industry:

Amul (GCMMF)Blue Bell CreameriesDairy Farmers of America, Inc.Danone S.A.General Mills Inc.LOTTE Wellfood Co. Ltd. (LOTTE Group)Nestlé S.A.SmithFoods Inc.Unilever PLCWells Enterprises

Ice Cream Market Report Segmentation:

Analysis by Flavor:

VanillaChocolateFruitOthers

Analysis by Category:

Impulse Ice CreamTake-Home Ice CreamArtisanal Ice Cream

Analysis by Product:

CupStickConeBrickTubOthers

Analysis by Distribution Channel:

Supermarkets/HypermarketsConvenience StoresIce Cream ParlorsOnline StoresOthers

Regional Insights:

North America (United States, Canada)Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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