Europe Ice Cream Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Flavor (Vanilla, Chocolate, Fruit, and Others), Category (Conventional and Sugar Free), Form (Cups and Tubs, Bars and Sticks, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The Europe ice cream market is expected to grow from US$ 27,230.79 million in 2022 to US$ 33,811.08 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2022 to 2028.
Over the past few years, the lifestyles of people have evolved drastically. Changes in consumer food taste and convenience are among the major reasons for the increasing demand for frozen dessert products across the region. Moreover, increasing disposable income and the introduction of various products in the dessert category to cater to the choices of a vast group of consumers are driving the ice cream market. The surge in the consumption of high-quality frozen desserts is one of the biggest trends in the food industry. The growing trend of consuming frozen desserts after a meal as an effective digestive product is boosting the demand for frozen desserts. The development and popularity of these frozen desserts are ascribed to many social changes, such as the growing number of smaller households and the rising millennial population across the region. These factors are significantly increasing the demand for ice creams. The increasing number of several strategic initiatives such as mergers & acquisitions and product launches by various manufacturing companies bolsters the ice cream market in Europe. Also, the product development and the presence of ice creams with various flavors are boosting the growth of the regional market.
Vendors in the ice cream market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the Europe ice cream market at a good CAGR during the forecast period.
Europe Ice Cream Market Revenue and Forecast to 2028 (US$ Million)
Europe Ice Cream Market Segmentation
The Europe ice cream market is segmented on the basis of flavor, category, form, distribution channel, and country. Based on flavor, the market is segmented into vanilla, chocolate, fruit, and others. The chocolate segment dominated the market in 2022 and is expected to register the highest CAGR during forecast period. Based on category, the market is segmented into conventional and sugar free. The conventional segment dominated the market in 2022 and sugar free segment is expected to register the highest CAGR during the forecast period. Based on form, the Europe ice cream market is segmented into cups & tubs, bars & sticks, and others. The cups & tubs segment dominated the market in 2022, and the bars & sticks segment is expected to register the highest CAGR during the forecast period. Based on distribution channel, the Europe ice cream market is segmented into supermarkets and hypermarkets, specialty store, online retail, and others. The supermarkets and hypermarkets segment dominated the market in 2022, and the online retail segment is expected to register the highest CAGR during the forecast period. Based on country, the Europe ice cream market is segmented into Germany, the UK, France, Italy, Russia, and Rest of Europe.
General Mills Inc.; Inspire Brands, Inc.; Lotte Confectionery Co., Ltd.; Mars, Incorporated; Nestlé S.A.; and Unilever are among the leading companies in the Europe ice cream market.
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