Ice Cream Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

Ice Cream Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

Global Ice Cream Market: About this market

Technavio’s ice cream market analysis considers sales from impulse, take-home, and artisanal products. Our study also finds the sales of ice cream in APAC, Europe, MEA, North America, and South America. In 2019, the impulse segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing demand for small portion snacks and desserts will play a significant role in the impulse segment to maintain its market position. Also, our global ice cream market report looks at factors such as product launches, increasing mergers and acquisitions, and product innovations. However, product recalls, increasing prevalence of obesity and related diseases among consumers, and the rising number of lactose-intolerant people globally may hamper the growth of the ice cream industry over the forecast period.

Global Ice Cream Market: Overview

Product launches

Vendors are introducing new ice cream products in unusual flavors to attract more consumers, improve their revenue flow, and increase their market shares. For instance, Unilever launched new ice cream tubs under the brand name, Magnum and claims that this new product features a milk chocolate shell made with Belgian chocolate and is available in four different flavors. Similarly, BuzzFeed Inc. launched new ice cream products under the brand name, Tasty. Moreover, mergers and acquisitions, which enable vendors to formulate new products and avail technologies at reasonable costs. Thus, the launch of new products under varied brands will lead to the expansion of the global ice cream market at a CAGR of almost 5% during the forecast period.

Increasing popularity of plant-based ice creams

Plant-based food products are gaining popularity among health-conscious consumers. This kind of diet has numerous benefits, as it provides more antioxidants and beneficial compounds than animal-based diets. Plant-based diets are also rich in folate, magnesium, potassium, vitamin A, vitamin C, and vitamin E. It also helps in lowering the risk of cardiovascular diseases and other metabolic disorders. The vendors in the market are also producing new plant-based ice creams to meet the rising demand from consumers. The growing number of vegans globally and the launch of new plant-based ice-creams will aid in increasing the demand for plant-based ice creams during the forecast period.

For the detailed list of factors that will drive the global ice cream market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global ice cream market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ice cream manufacturers, that include Agropur Co-operative, Blue Bell Creameries LP, Dunkin' Brands Group Inc., Froneri Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Mars Inc., Nestlé SA, New Forest Ice Cream Ltd., Unilever Group, and Wells Enterprises Inc.

Also, the ice cream market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global packaged foods and meats market
      • Table Segments of global packaged foods and meats market
    • Market characteristics
      • Table Market characteristics
    • Value Chain Analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market Outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by product
    • Table Product - Market share 2019-2024 (%)
    • Comparison by product
      • Table Comparison by product
    • Impulse - Market size and forecast 2019-2024
      • Table Impulse - Market size and forecast 2019-2024 ($ millions)
      • Table Impulse - Year-over-year growth 2020-2024 (%)
    • Take-home - Market size and forecast 2019-2024
      • Table Take-home - Market size and forecast 2019-2024 ($ millions)
      • Table Take-home - Year-over-year growth 2020-2024 (%)
    • Artisanal - Market size and forecast 2019-2024
      • Table Artisanal - Market size and forecast 2019-2024 ($ millions)
      • Table Artisanal - Year-over-year growth 2020-2024 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by distribution channel
    • Table Revenue share by distribution channel - 2019 (%)
    • Supermarkets and hypermarkets
    • Specialty stores
    • Independent retailers
    • Others
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Rising investments by market vendors
    • Increasing popularity of plant-based ice creams
    • New advertisement campaigns
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Agropur Co-operative
      • Table Agropur Co-operative - Vendor overview
      • Table Agropur Co-operative - Product segments
      • Table Agropur Co-operative - Organizational developments
      • Table Agropur Co-operative - Key offerings
    • Blue Bell Creameries LP
      • Table Blue Bell Creameries LP - Vendor overview
      • Table Blue Bell Creameries LP - Product segments
      • Table Blue Bell Creameries LP - Key offerings
    • Dunkin' Brands Group Inc.
      • Table Dunkin' Brands Group Inc. - Vendor overview
      • Table Dunkin' Brands Group Inc. - Business segments
      • Table Dunkin' Brands Group Inc. - Organizational developments
      • Table Dunkin' Brands Group Inc. - Segment focus
      • Table Dunkin' Brands Group Inc. - Key offerings
    • Froneri Ltd.
      • Table Froneri Ltd. - Vendor overview
      • Table Froneri Ltd. - Business segments
      • Table Froneri Ltd. - Organizational developments
      • Table Froneri Ltd. - Segment focus
      • Table Froneri Ltd. - Key offerings
    • Gujarat Cooperative Milk Marketing Federation Ltd.
      • Table Gujarat Cooperative Milk Marketing Federation Ltd. - Vendor overview
      • Table Gujarat Cooperative Milk Marketing Federation Ltd. - Product segments
      • Table Gujarat Cooperative Milk Marketing Federation Ltd. - Organizational developments
      • Table Gujarat Cooperative Milk Marketing Federation Ltd. - Key offerings
    • Mars Inc.
      • Table Mars Inc. - Vendor overview
      • Table Mars Inc. - Product segments
      • Table Mars Inc. - Organizational developments
      • Table Mars Inc. - Key offerings
    • Nestlé SA
      • Table Nestlé SA - Vendor overview
      • Table Nestlé SA - Business segments
      • Table Nestlé SA - Organizational developments
      • Table Nestlé SA - Geographic focus
      • Table Nestlé SA - Segment focus
      • Table Nestlé SA - Key offerings
    • New Forest Ice Cream Ltd.
      • Table New Forest Ice Cream Ltd. - Vendor overview
      • Table New Forest Ice Cream Ltd. - Product segments
      • Table New Forest Ice Cream Ltd. - Organizational developments
      • Table New Forest Ice Cream Ltd. - Key offerings
    • Unilever Group
      • Table Unilever Group - Vendor overview
      • Table Unilever Group - Business segments
      • Table Unilever Group - Organizational developments
      • Table Unilever Group - Geographic focus
      • Table Unilever Group - Segment focus
      • Table Unilever Group - Key offerings
    • Wells Enterprises Inc.
      • Table Wells Enterprises Inc. - Vendor overview
      • Table Wells Enterprises Inc. - Product segments
      • Table Wells Enterprises Inc. - Organizational developments
      • Table Wells Enterprises Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook