Global Ice Cream Market Report

The global ice cream market was valued at approximately USD 78,570 million in 2024 and is projected to reach around USD 109,300 million by 2031, reflecting a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2025 to 2031.

The global ice cream market is witnessing consistent growth, fueled by rising disposable incomes, shifting consumer preferences, and increasing demand for premium and indulgent dessert options. From traditional dairy-based ice creams to plant-based and low-sugar alternatives, the market has evolved significantly. Innovations in flavor, packaging, and distribution channels, including the growing influence of e-commerce and food delivery platforms, have made ice cream more accessible to a diverse global audience.

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Key Trends Include:

  • Surging popularity of dairy-free and vegan ice creams

  • Launch of functional ice creams with added nutrients or protein

  • Premiumization with artisanal, small-batch, and exotic flavor options

  • Expansion of impulse and take-home ice cream formats

  • Sustainability in packaging and ethical sourcing of ingredients

Market Segments Analysis:
The market is segmented by product type (impulse, artisanal, take-home), flavor (vanilla, chocolate, fruit, etc.), distribution channel (supermarkets/hypermarkets, convenience stores, online retail), and by region. While North America and Europe remain mature markets, the Asia-Pacific region is experiencing the fastest growth, driven by urbanization and growing middle-class populations.

Market Opportunity:
The rising trend of health-conscious consumption opens new opportunities for low-fat, keto, or sugar-free ice cream offerings. Moreover, the rise in outdoor events, celebrations, and experiential dining further boosts market demand.

Growth Drivers and Challenges:
Drivers include product diversification, increasing demand for frozen desserts in emerging economies, and brand innovations. However, the market faces challenges like seasonal demand fluctuations, increasing health concerns over sugar and fat content, and intense competition among global and regional brands.