Market Overview:

The global ice cream market size was valued at USD 76.11 billion in 2023 and is projected to grow from USD 79.08 billion in 2024 to USD 132.32 billion by 2032, exhibiting a CAGR of 6.65% during the forecast period.

Rising consumer spending on fast food, intense research and development operations for the creation of unique product variants, and the product's widespread availability are expected to fuel the global market. Furthermore, market expansion in a number of emerging markets is projected to be aided in the coming years by greater urbanization and rising disposable income, says Fortune Business Insights™, in its report titled “Ice Cream Market, 2024-2032."

List of Key Players Profiled in the Report

• Nestle S.A. (Switzerland)
• Unilever Group (U.K.)
• General Mills (U.S.)
• Amul (India)
• Dunkin Brands (U.S.)
• Blue Bell Creameries (U.S.)
• Dairy Queen (U.S.)
• Dairy Farmers of America, Inc. (U.S.)
• Cold Stone Creamery (U.S.)
• CAMAL Ltd Company (Azerbaijan)

Segments:

By Type, Impulse Segment to Record Fastest CAGR during 2024-2032

Based on type, the market is bifurcated into impulse and take home. The impulse segment dominated the market share in 2021, owing to rising popularity of conveniently packaged product among consumers. On the other hand, the take home segment will record notable growth through 2032.

By Flavor, Vanilla Segment to Capture Maximum Share through 2032

In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2024-2032 led by increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

By Packaging, Cup Segment to Exhibit Stellar Growth over 2024-2032