Ice Cream Market to grow at a CAGR of 4.04% through 2030

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, 2020-2030F”, Global Ice Cream Market was valued at USD 116.88 Billion in 2024 and is expected to grow to USD 148.25 Billion by 2030 with a CAGR of 4.04%. 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.

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The global ice cream market is segmented based on category, product type, distribution channel, regional distribution, and company.

Based on distribution channels, The online segment is the fastest-growing channel in the global ice cream market, fueled by the increasing adoption of e-commerce and digital platforms. Consumers are increasingly opting for the convenience of browsing, comparing, and purchasing ice cream from home, with doorstep delivery ensuring product freshness through advanced cold-chain logistics. The growth of online grocery platforms, food delivery apps, and direct-to-consumer brand websites has expanded accessibility, especially in urban and tech-savvy regions. Promotions, subscription models, and limited-edition online offerings further drive consumer engagement. This digital shift allows manufacturers to reach a wider audience quickly, making online sales a key growth driver in the industry.

Major market players operating in the global ice cream market is:

• Unilever PLC
• American Dairy Queen Corporation
• Wells Enterprises
• Nestlé SA
• Blue Bell Creameries
• General Mills, Inc.
• Inspire Brands, Inc.
• Cold Stone Creamery
• Danone S.A.
• NadaMoo

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“Sustainability has become a critical trend influencing production, packaging, and sourcing within the ice cream market. Consumers are increasingly concerned about environmental impact, prompting brands to adopt eco-friendly packaging, reduce plastic usage, and source ingredients responsibly. Carbon footprint reduction, sustainable dairy farming, and ethical supply chain practices are gaining prominence as differentiators in a crowded market. Companies that actively communicate their commitment to sustainability can strengthen brand loyalty and appeal to environmentally conscious consumers. Additionally, innovations such as biodegradable cups, compostable spoons, and recyclable wrappers are becoming standard expectations, pushing the industry toward more responsible production and consumption patterns” said Mr. Karan Chechi, Research Director of TechSci Research, a research based global management consulting firm.

“Ice Cream Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Product Type (Brick, Tub, Cup, Cone, Stick, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Others), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global ice cream market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global ice cream market.

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