According to #TechSci Research report, Global Ice Cream Market stood at USD111.58 billion in 2020 and is anticipated to grow at a CAGR of 6.47% in the forecast period, 2023-2027. Gain More Insight: https://bit.ly/3w0tWm2 Get Sample Report: https://bit.ly/3M7ICW8 Press Release: https://bit.ly/3le4PWJ Website: https://www.techsciresearch.com/ Market Research News: https://techsciblog.com/

1. MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
GLOBAL ICE CREAM MARKET
FORECAST AND OPPORTUNITIES
2017 – 2027
Published: February 2022

2. © TechSci Research 2
Table of Contents
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Ice Cream Market
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Brand Awareness
5.3. Challenges Faced Post Purchase
5.4. Preferred Distribution Channel
6. Global Ice Cream Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Category (Take-Home Ice Cream, Impulse Ice Cream, Artisan Ice Cream)
6.2.2.
By Product Type (Brick, Tub, Cup, Cone, Stick and Others (Ice Cream Sandwiches and
Jellies))
6.2.3.
By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty
Store, Online and Others (Push Carts, etc.))
6.2.4. By Region
6.2.5. By Company (2021)
6.3. Market Map (By Category, By Region)
7. North America Ice Cream Market Outlook
7.1. Market Size & Forecast

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7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Category
7.2.2. By Product Type
7.2.3. By Distribution Channel
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Ice Cream Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Category
7.3.1.2.2. By Product Type
7.3.1.2.3. By Distribution Channel
7.3.2. Canada Ice Cream Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Category
7.3.2.2.2. By Product Type
7.3.2.2.3. By Distribution Channel
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7.3.3. Mexico Ice Cream Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Category
7.3.3.2.2. By Product Type
7.3.3.2.3. By Distribution Channel
8. Asia-Pacific Ice Cream Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Category
8.2.2. By Product Type
8.2.3. By Distribution Channel
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Ice Cream Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
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S. No. Contents
8.3.1.2.1. By Category
8.3.1.2.2. By Product Type
8.3.1.2.3. By Distribution Channel
8.3.2. Japan Ice Cream Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Category
8.3.2.2.2. By Product Type
8.3.2.2.3. By Distribution Channel
8.3.3. India Ice Cream Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Category
8.3.3.2.2. By Product Type
8.3.3.2.3. By Distribution Channel
8.3.4. South Korea Ice Cream Market Outlook
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S. No. Contents
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Category
8.3.4.2.2. By Product Type
8.3.4.2.3. By Distribution Channel
8.3.5. Australia Ice Cream Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Category
8.3.5.2.2. By Product Type
8.3.5.2.3. By Distribution Channel
9. Europe Ice Cream Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Category
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S. No. Contents
9.2.2. By Product Type
9.2.3. By Distribution Channel
9.2.4. By Country
9.3. Europe: Country Analysis
9.3.1. United Kingdom Ice Cream Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Category
9.3.1.2.2. By Product Type
9.3.1.2.3. By Distribution Channel
9.3.2. France Ice Cream Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Category
9.3.2.2.2. By Product Type
9.3.2.2.3. By Distribution Channel
9.3.3. Italy Ice Cream Market Outlook
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S. No. Contents
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Category
9.3.3.2.2. By Product Type
9.3.3.2.3. By Distribution Channel
9.3.4. Germany Ice Cream Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Category
9.3.4.2.2. By Product Type
9.3.4.2.3. By Distribution Channel
9.3.5. Spain Ice Cream Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Category
9.3.5.2.2. By Product Type
9.3.5.2.3. By Distribution Channel
10. South America Ice Cream Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
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S. No. Contents
10.2. Market Share & Forecast
10.2.1. By Category
10.2.2. By Product Type
10.2.3. By Distribution Channel
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Ice Cream Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Category
10.3.1.2.2. By Product Type
10.3.1.2.3. By Distribution Channel
10.3.2. Argentina Ice Cream Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
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S. No. Contents
10.3.2.2.1. By Category
10.3.2.2.2. By Product Type
10.3.2.2.3. By Distribution Channel
10.3.3. Colombia Ice Cream Market Outlook
10.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Category
10.3.3.2.2. By Product Type
10.3.3.2.3. By Distribution Channel
11. Middle East & Africa Ice Cream Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Category
11.2.2. By Product Type
112.3. By Distribution Channel
11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
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S. No. Contents
11.3.1. South Africa Ice Cream Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Category
11.3.1.2.2. By Product Type
11.3.1.2.3. By Distribution Channel
11.3.2. Saudi Arabia Ice Cream Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Category
11.3.2.2.2. By Product Type
11.3.2.2.3. By Distribution Channel
10.3.3. UAE Ice Cream Market Outlook
10.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Category
10.3.3.2.2. By Product Type
10.3.3.2.3. By Distribution Channel
Table of Contents

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S. No. Contents
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. Unilever PLC
14.2. Inspire Brands, Inc.
14.3. Kahala Franchising, L.L.C.
14.4. Lotte Corporation
14.5. Dairy Farmers of America, Inc.
14.6. Gujarat Cooperative Milk Marketing Federation
14.7. International Dairy Queen Inc.
14.8. Blue Bell Creameries, L.P.
14.9. General Mills Inc.
14.10. Nestlé SA
15. Strategic Recommendations
16. About Us & Disclaimer
Table of Contents

13. ProductOverview

14. © TechSci Research 14
GLOBAL ICE CREAM MARKET
BY TYPE
• Take-Home Ice Cream
• Impulse Ice cream
• Artisan Ice Cream
BY REGION
• North America
• Asia-Pacific
• Europe
• South America
• Middle East & Africa
Scope of Report
Product of Interest (POI): Ice Cream
Review Period
2017 – 2020
Base Year
2021
Estimated Year
2022
Forecast Period
2023 – 2027
Year Range
Ice cream is a sweetened frozen food product that is commonly consumed as a dessert. It is
produced from milk or cream and is flavored with a sweetener, either sugar or a substitute, and
a flavor, such as chocolate or vanilla, or with fruit, such as strawberries or peaches, etc. Based
on the type, market can be segmented into take-home ice cream, impulse ice cream and
artisan ice cream.
Market Segmentation
BY DISTRIBUTION
CHANNEL
• Supermarkets &
Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others
BY PRODUCT TYPE
• Brick
• Tub
• Cup
• Cone
• Stick
• Others

15. ResearchMethodology

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© TechSci Research
Research Methodology
16
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing list
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global ice cream
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global ice cream
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Final Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research

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© TechSci Research
Research Methodology
17
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global ice cream market. The team has
analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing
disposable income, continuous change in consumer tastes and preferences and increasing innovation in existing offerings. The
study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
sustainability in the global ice cream market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as ice cream
companies, channel partners, market influencers & end users, industry experts and other industry participants.
• The team interviewed 20 ice cream companies, 300 end users, and 15 industry experts and other value chain stakeholders in
the global ice cream market to obtain the overall market size between 2017 and 2021, which was validated by the Delphi
technique. Taking standard deviation into consideration, the market size was averaged out to arrive at the market size data for
the historical period.

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© TechSci Research
Research Methodology
18
• Respondents were asked about the current and future market growth rates, market shares by category, by product type, by
distribution channel, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and
supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares.
Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the
category of ice cream.
Methodology Followed for Forecasting:
• Market shares by category, by product type, by distribution channel, by region and by company were calculated based on the
responses received through primary surveys with industry experts, in which the respondents were asked about the market
shares or revenue generated from various types of ice cream categories segments. The final shares were calculated by taking
the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey
results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
the global ice cream market, TechSci Research used various forecast techniques such as:
 Moving Average
 Time Series Analysis
 Regression Analysis
 Econometric and Judgmental Analysis
Note: (a) Sum of some shares may not be 100% due to round off till two decimal places.

19. 19
© TechSci Research
Research Methodology
19
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci
Research also used the impact analysis during short, medium and long-term period to estimate and analyze the market demand
scenario. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD billion.
Partial List of Companies Interviewed Key Secondary Sources
 Unilever PLC
 Inspire Brands, Inc.
 Kahala Franchising, L.L.C.
 Lotte Corporation
 Dairy Farmers of America, Inc.
 Gujarat Cooperative Milk Marketing
Federation
 International Dairy Queen Inc.
 Blue Bell Creameries, L.P.
 General Mills Inc.
 Nestlé SA
 World Bank
 TechSci Research Proprietary Database & Knowledge
Repository
 Company Annual Reports
 Industry Magazines
 BP Statistics
 Industry Reports
 News Dailies
 Credible Paid Databases

20. © TechSci Research 20
Industry Brief
Increasing new variants and flavors of ice cream with rising disposable income are driving the growth of ice cream market globally.
According to TechSci Research report, “Ice Cream Market - Global Industry Size, Share, Trends, Opportunity, Competition and Forecast, 2017-2027”, the global ice cream market stood
at USD111.58 billion in 2020 and is anticipated to grow at a CAGR of 6.47% in the forecast period, 2023-2027. Rising consumer spending on fast food products, ongoing research and
development activities, and widespread availability of ice creams are key factors accelerating the growth of the global ice cream market in the forecast period. A high number of
consumers are shifting towards adopting healthy eating habits and are willing to spend a significant amount in purchasing quality food products. Increased demand for premium ice
creams made up of rare and expensive ingredients and the growing use of natural ingredients to make ice creams are bolstering the demand for ice cream worldwide. Liquor flavored ice
creams are gaining popularity among consumers, and these ice creams contain 0.5% alcohol content. Consumers can easily purchase liquor-flavored ice creams from grocery stores and
specialized stores. Growing demand for lactose-free ice creams contributes to the market growth in the forecast period. The increasing prevalence of food allergies and intolerances
makes the market players invest in making ice creams suitable for different needs. Also, the high demand for vegan products and the availability of vegan flavored ice creams are
expected to influence the global ice cream market positively. However, varying demand according to changing seasons and high ice cream storage costs may restrain the global ice cream
market growth for the next five years.
The global ice cream market is segmented based on category, product type, distribution channel, regional distribution, and company.
On the basis of product type, the market is divided into brick, tub, cup, cone, stick, and others. Brick ice cream is expected to dominate the global ice cream market in the next five years.
Consumers prefer to buy family pack ice creams as they are more prominent in quantity and are affordable rather than buying different ice creams for every family member. Market players
are launching ice cream bricks in different flavors to make them affordable for middle-class families.
Based on distribution channels, the market is divided into supermarkets/hypermarkets, convenience stores, specialty stores, online, and others. Supermarkets/hypermarkets are expected
to account for the highest market share in the forecast period. Availability of ice creams belonging to different brands and flavors under a single roof enhances consumers' shopping
experience. Ease of comparing the products based on price, flavor, ingredients, and brands and discounts on purchasing the ice creams are the reasons attracting customers to buy ice
screams from supermarkets/hypermarkets.
On the basis of regional analysis, the North America region is dominating the market and is expected to maintain its dominance by covering 31.34% market share in 2027. Rising demand
for frozen desserts among the young population and growing health concerns drive the demand for ice creams in the region. High demand for plant-based frozen desserts and ice creams
containing natural ingredients are garnering massive customer attraction. Market players are introducing sugar-free and low-calorie ice creams to lure health-conscious consumers.
Major market players operating in the global ice cream market is Unilever PLC, Inspire Brands, Inc., Kahala Franchising, L.L.C., Lotte Corporation, Dairy Farmers of America, Inc, Gujarat
Cooperative Milk Marketing Federation, International Dairy Queen Inc., Blue Bell Creameries, L.P., General Mills Inc., Nestlé SA
“High internet penetration and proliferation of smart devices are bolstering the growth of the e-commerce industry, especially in developing countries. Online sales channel provides
flexible buying options to customers. Brands are offering lucrative discounts on the purchase of ice creams to boost their sales and provide a customized shopping experience to
consumers. The rise in investments by market players to find innovative packaging materials and methods and introduce new ice cream flavors is influencing the market demand.
Increased focus on improving the product quality and advancements in the logistics sector is expected to propel the global ice cream market growth till 2027” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm.

21. © TechSci Research 21
Sample Data - Snapshot
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Value (USD Billion)
Global Ice Cream Market Size, By Value (USD Billion), 2017-2027F
CAGR 2017-2021
By Value: xx%
CAGR 2022E-2027F
By Value: xx%
North America Ice Cream Market Share, By Category, By Value, 2017-2027F
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Take-Home Ice Cream 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Impulse Ice Cream 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Artisan Ice Cream 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
United Kingdom Ice Cream Market Share, By Product Type, By Value, 2017-2027F
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Brick 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Tub 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Cup 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Cone 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Stick 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Others 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%

22. © TechSci Research 22
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Report Name: GLOBAL ICE CREAM MARKET
FORECAST AND OPPORTUNITIES
2017 – 2027

23. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality
analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global
company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it
considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible
for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the
subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this
document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior
approval of TechSci Research.
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