North America Ice Cream Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
Description
The North American ice cream market is projected to grow significantly, reaching approximately USD 31.79 billion by 2031, up from USD 24.70 billion in 2023, with a compound annual growth rate (CAGR) of 3.2% during this period.
Executive Summary and Market Analysis
The growth of the ice cream market in North America is driven by several factors, including a rising demand for premium ice creams, a diverse range of flavors, and a growing preference for products made with natural ingredients and without preservatives. The trend towards vegan, lactose-free, GMO-free, and dairy-free desserts is prompting manufacturers to innovate and expand their product lines. Notably, there is a marked increase in the demand for lactose-free and vegan ice creams, particularly in the United States. For example, in February 2024, Perfect Day Inc. partnered with Unilever Plc to introduce Breyers Lactose-Free Chocolate.
The expansion of fast-food restaurants and the increasing use of natural ingredients in frozen dairy products are also contributing to the market's growth. Major brands such as Unilever, Ben & Jerry's, Nestle, and Blue Bell Creameries are key players in this market, actively engaging in mergers, acquisitions, collaborations, and product launches to meet consumer demand. A recent example includes Perry's Ice Cream, which expanded its production facility in Akron, US, in June 2024 to enhance its ice cream production capacity.
Market Segmentation Analysis
The North American ice cream market can be segmented based on flavor, category, form, and distribution channel:
Flavor: The market includes vanilla, chocolate, berries, matcha, and others, with chocolate holding the largest market share in 2023.
Category: The market is divided into conventional and sugar-free categories, with conventional ice cream dominating in 2023.
Form: Ice cream is available in cups and tubs, bars and sticks, and other forms, with cups and tubs being the most popular.
Distribution Channel: The primary distribution channels are supermarkets and hypermarkets, specialty stores, online retail, and others, with supermarkets and hypermarkets leading in market share in 2023.
Market Outlook
The rise of veganism has significantly influenced consumer preferences, with many opting for plant-based products perceived as healthier alternatives. Increased awareness of animal welfare and environmental sustainability is further driving the popularity of vegan food products. The trend is particularly strong in Southeast Asia, impacting innovations in the ice cream sector. According to Veganuary, a nonprofit organization promoting veganism, around 5.8 million people participated in the Veganuary Campaign in 2021.
Brands like Ben & Jerry's and Nestle are actively participating in the plant-based ice cream market. For instance, in 2022, Ben & Jerry's launched two new plant-based ice creams: Chocolate Milk and Cookies and Dirt Cake. The growing trend towards plant-based foods is expected to introduce new dynamics in the ice cream market throughout the forecast period.
Country Insights
The North American ice cream market is primarily composed of the US, Canada, and Mexico, with the US holding the largest market share in 2023. The US market is characterized by a strong demand for premium ice cream, a preference for healthier options, and a growing interest in innovative flavors. Key players are responding to this demand through various strategies, including mergers, acquisitions, and product launches. For example, Perry's Ice Cream's recent facility expansion in Akron aims to boost production to meet increasing consumer demand. Additionally, well-developed distribution channels such as supermarkets, hypermarkets, online retail, and specialty stores are enhancing product availability, further driving ice cream consumption across the nation.
Company Profiles
Key players in the ice cream market include Blue Bell Creameries, Unilever Plc, Nestle SA, General Mills Inc, Mars Inc, Wells Enterprises Inc, Turkey Hill Dairy, Dairy Farmers of America, Morinaga Milk Industry Co Ltd, Kwality Foods, LLC, Baskin-Robbins, David Chapman’s Ice Cream Limited, Cold Stone Creamery, Lotus Bakeries NV, and IMURAYA GROUP CO., LTD. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and cater to evolving consumer preferences.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America ice cream market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in North America ice cream market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the ice cream market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
Executive Summary and Market Analysis
The growth of the ice cream market in North America is driven by several factors, including a rising demand for premium ice creams, a diverse range of flavors, and a growing preference for products made with natural ingredients and without preservatives. The trend towards vegan, lactose-free, GMO-free, and dairy-free desserts is prompting manufacturers to innovate and expand their product lines. Notably, there is a marked increase in the demand for lactose-free and vegan ice creams, particularly in the United States. For example, in February 2024, Perfect Day Inc. partnered with Unilever Plc to introduce Breyers Lactose-Free Chocolate.
The expansion of fast-food restaurants and the increasing use of natural ingredients in frozen dairy products are also contributing to the market's growth. Major brands such as Unilever, Ben & Jerry's, Nestle, and Blue Bell Creameries are key players in this market, actively engaging in mergers, acquisitions, collaborations, and product launches to meet consumer demand. A recent example includes Perry's Ice Cream, which expanded its production facility in Akron, US, in June 2024 to enhance its ice cream production capacity.
Market Segmentation Analysis
The North American ice cream market can be segmented based on flavor, category, form, and distribution channel:
Flavor: The market includes vanilla, chocolate, berries, matcha, and others, with chocolate holding the largest market share in 2023.
Category: The market is divided into conventional and sugar-free categories, with conventional ice cream dominating in 2023.
Form: Ice cream is available in cups and tubs, bars and sticks, and other forms, with cups and tubs being the most popular.
Distribution Channel: The primary distribution channels are supermarkets and hypermarkets, specialty stores, online retail, and others, with supermarkets and hypermarkets leading in market share in 2023.
Market Outlook
The rise of veganism has significantly influenced consumer preferences, with many opting for plant-based products perceived as healthier alternatives. Increased awareness of animal welfare and environmental sustainability is further driving the popularity of vegan food products. The trend is particularly strong in Southeast Asia, impacting innovations in the ice cream sector. According to Veganuary, a nonprofit organization promoting veganism, around 5.8 million people participated in the Veganuary Campaign in 2021.
Brands like Ben & Jerry's and Nestle are actively participating in the plant-based ice cream market. For instance, in 2022, Ben & Jerry's launched two new plant-based ice creams: Chocolate Milk and Cookies and Dirt Cake. The growing trend towards plant-based foods is expected to introduce new dynamics in the ice cream market throughout the forecast period.
Country Insights
The North American ice cream market is primarily composed of the US, Canada, and Mexico, with the US holding the largest market share in 2023. The US market is characterized by a strong demand for premium ice cream, a preference for healthier options, and a growing interest in innovative flavors. Key players are responding to this demand through various strategies, including mergers, acquisitions, and product launches. For example, Perry's Ice Cream's recent facility expansion in Akron aims to boost production to meet increasing consumer demand. Additionally, well-developed distribution channels such as supermarkets, hypermarkets, online retail, and specialty stores are enhancing product availability, further driving ice cream consumption across the nation.
Company Profiles
Key players in the ice cream market include Blue Bell Creameries, Unilever Plc, Nestle SA, General Mills Inc, Mars Inc, Wells Enterprises Inc, Turkey Hill Dairy, Dairy Farmers of America, Morinaga Milk Industry Co Ltd, Kwality Foods, LLC, Baskin-Robbins, David Chapman’s Ice Cream Limited, Cold Stone Creamery, Lotus Bakeries NV, and IMURAYA GROUP CO., LTD. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and cater to evolving consumer preferences.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America ice cream market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in North America ice cream market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the ice cream market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
170 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. North America Ice Cream Market Landscape
- 4.1 Overview
- 4.2 Porter’s Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Competitive Rivalry
- 4.2.4 Threat of Substitutes
- 4.2.5 Threat of New Entrants
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Materials:
- 4.3.2 Manufacturing Process:
- 4.3.3 Distributors
- 4.3.4 Distribution Channel
- 4.4 List of Vendors in the Value Chain
- 5. North America Ice Cream Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Popularity of Ice Cream Among All Age Groups
- 5.1.2 Availability of Innovative Flavors
- 5.2 Market Restraints
- 5.2.1 Health Concerns Associated with Ice Cream
- 5.3 Market Opportunities
- 5.3.1 Rising Popularity of Functional Ice Cream
- 5.4 Future Trends
- 5.4.1 Increasing Demand for Dairy-Free and Vegan Ice Cream
- 5.5 Impact of Drivers and Restraints:
- 6. Ice Cream Market – North America Analysis
- 6.1 North America Ice Cream Market Revenue (US$ Million), 2021–2031
- 6.2 North America Ice Cream Market Forecast Analysis
- 7. North America Ice Cream Market Analysis – by Flavor
- 7.1 Vanilla
- 7.1.1 Overview
- 7.1.2 Vanilla: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 7.2 Chocolate
- 7.2.1 Overview
- 7.2.2 Chocolate: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 7.3 Berries
- 7.3.1 Overview
- 7.3.2 Berries: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 7.4 Matcha
- 7.4.1 Overview
- 7.4.2 Matcha: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 8. North America Ice Cream Market Analysis – by Category
- 8.1 Conventional
- 8.1.1 Overview
- 8.1.2 Conventional: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 8.2 Sugar Free
- 8.2.1 Overview
- 8.2.2 Sugar Free: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9. North America Ice Cream Market Analysis – by Form
- 9.1 Cups and Tubs
- 9.1.1 Overview
- 9.1.2 Cups and Tubs: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9.2 Bars and Sticks
- 9.2.1 Overview
- 9.2.2 Bars and Sticks: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9.3 Others
- 9.3.1 Overview
- 9.3.2 Others: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10. North America Ice Cream Market Analysis – by Distribution Channel
- 10.1 Supermarkets and Hypermarkets
- 10.1.1 Overview
- 10.1.2 Supermarkets and Hypermarkets: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.2 Specialty Stores
- 10.2.1 Overview
- 10.2.2 Specialty Stores: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.3 Online Retail
- 10.3.1 Overview
- 10.3.2 Online Retail: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.4 Others
- 10.4.1 Overview
- 10.4.2 Others: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 11. North America Ice Cream Market – Country Analysis
- 11.1 North America
- 11.1.1 North America Ice Cream Market – Revenue and Forecast Analysis – by Country
- 11.1.1.1 North America Ice Cream Market – Revenue and Forecast Analysis – by Country
- 11.1.1.2 United States: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 11.1.1.2.1 United States: North America Ice Cream Market Share – by Flavor
- 11.1.1.2.2 United States: North America Ice Cream Market Share – by Category
- 11.1.1.2.3 United States: North America Ice Cream Market Share – by Form
- 11.1.1.2.4 United States: North America Ice Cream Market Share – by Distribution Channel
- 11.1.1.3 Canada: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 11.1.1.3.1 Canada: North America Ice Cream Market Share – by Flavor
- 11.1.1.3.2 Canada: North America Ice Cream Market Share – by Category
- 11.1.1.3.3 Canada: North America Ice Cream Market Share – by Form
- 11.1.1.3.4 Canada: North America Ice Cream Market Share – by Distribution Channel
- 11.1.1.4 Mexico: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 11.1.1.4.1 Mexico: North America Ice Cream Market Share – by Flavor
- 11.1.1.4.2 Mexico: North America Ice Cream Market Share – by Category
- 11.1.1.4.3 Mexico: North America Ice Cream Market Share – by Form
- 11.1.1.4.4 Mexico: North America Ice Cream Market Share – by Distribution Channel
- 12. Competitive Landscape
- 12.1 Company Positioning & Concentration
- 12.2 Heat Map Analysis
- 13. Industry Landscape
- 13.1 Overview
- 13.2 Agreements, Collaborations, And Joint Ventures
- 13.3 Product Launch
- 13.4 Expansions And Other Strategic Developments
- 14. Company Profiles
- 14.1 Blue Bell Creameries
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Unilever Plc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Nestle SA
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 General Mills Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Mars Inc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 Wells Enterprises Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 Turkey Hill Dairy
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 Dairy Farmers of America, Inc.
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 Cold Stone Creamery
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
- 14.10 Morinaga Milk Industry Co Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
- 14.11 Kwality Foods, LLC.
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
- 14.12 Baskin-Robbins
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
- 14.13 David Chapman’s Ice Cream Limited
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
- 14.14 Lotus Bakeries NV
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
- 14.15 IMURAYA GROUP CO., LTD
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments
- 15. Appendix
- 15.1 About The Insight Partners
- List of Tables
- Table 1. North America Ice Cream Market Segmentation
- Table 2. List of Vendors
- Table 3. North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Table 4. North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Flavor
- Table 5. North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Category
- Table 6. North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Form
- Table 7. North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Distribution Channel
- Table 8. North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Country
- Table 9. United States: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Flavor
- Table 10. United States: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Category
- Table 11. United States: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Form
- Table 12. United States: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Distribution Channel
- Table 13. Canada: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Flavor
- Table 14. Canada: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Category
- Table 15. Canada: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Form
- Table 16. Canada: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Distribution Channel
- Table 17. Mexico: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Flavor
- Table 18. Mexico: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Category
- Table 19. Mexico: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Form
- Table 20. Mexico: North America Ice Cream Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Distribution Channel
- List of Figures
- Figure 1. North America Ice Cream Market Segmentation – Country
- Figure 2. Porter’s Five Forces Analysis
- Figure 3. Ecosystem Analysis
- Figure 4. North America Ice Cream Market – Key Market Dynamics
- Figure 5. Impact Analysis of Drivers and Restraints
- Figure 6. North America Ice Cream Market Revenue (US$ Million), 2021–2031
- Figure 7. North America Ice Cream Market Share (%) – by Flavor (2023 and 2031)
- Figure 8. Vanilla: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 9. Chocolate: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 10. Berries: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 11. Matcha: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 12. Others: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 13. North America Ice Cream Market Share (%) – by Category (2023 and 2031)
- Figure 14. Conventional: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 15. Sugar Free: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 16. North America Ice Cream Market Share (%) – by Form (2023 and 2031)
- Figure 17. Cups and Tubs: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 18. Bars and Sticks: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 19. Others: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 20. North America Ice Cream Market Share (%) – by Distribution Channel (2023 and 2031)
- Figure 21. Supermarkets and Hypermarkets: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 22. Specialty Stores: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 23. Online Retail: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 24. Others: North America Ice Cream Market – Revenue and Forecast, 2021–2031 (US$ Million)
- Figure 25. North America Ice Cream Market Breakdown, by Key Countries, 2023 and 2031 (%)
- Figure 26. United States: North America Ice Cream Market – Revenue and Forecast, 2021– 2031 (US$ Million)
- Figure 27. Canada: North America Ice Cream Market – Revenue and Forecast, 2021– 2031 (US$ Million)
- Figure 28. Mexico: North America Ice Cream Market – Revenue and Forecast, 2021– 2031 (US$ Million)
- Figure 29. Company Positioning & Concentration
- Figure 30. Heat Map Analysis
Pricing
Currency Rates
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