|
Forecast
Period
|
2024-2028
|
|
Market Size
(2022)
|
USD 12.58 billion
|
|
CAGR
(2023-2028)
|
5.3%
|
|
Fastest
Growing Segment
|
Branded/Franchise
|
|
Largest
Market
|
Asia Pacific
|
Market Overview
The global ice cream parlor market has valued at
USD 12.58 billion in 2022 and is anticipated to project robust growth in the
forecast period with a CAGR of 5.3% through 2028. Premium ice cream has gained
popularity among consumers as a result of shifting consumer preferences and a
rising emphasis on decadent and high-quality desserts. Ice cream is no longer
seen as a simple enjoyment but rather as an adaptable dessert that can satisfy
many different nutritional needs and preferences. Consumers now have more
options than ever because to a rise in demand for low-fat, low-sugar,
lactose-free, vegan, and plant-based options in the food business.
Additionally, the introduction of e-commerce and
the rise of distribution channels have had a big impact on the market. In
addition to removing regional restrictions, the availability of ice cream
through online platforms has made it simpler for customers to obtain a wide
choice of flavors and brands. The introduction of cutting-edge flavors,
formats, and packaging has also been crucial in fostering market expansion.
Manufacturers work hard to provide distinctive and alluring flavors, fusing
both international and regional influences while experimenting with textures
and ingredients. Continuous innovation not only draws in new customers but also
inspires current ones to extend their horizons and broaden their preferences. Ice
Cream Parlor is primarily used in the food, pharmaceutical, and cosmetic
industries. It provides enhanced benefits for skin and hair, which support
nourishing and moisturizing the skin. Additionally, it is applied to treat
poison ivy, bug bites, dermatitis, and skin rashes. Additionally, it assists in
minimizing fine lines and wrinkles and is very successful in treating rough
skin.
Key Market Drivers
Evolution of Consumer Preferences
Consumer preferences play a pivotal role in shaping
the direction of the ice cream parlor market. The evolving taste preferences of
consumers, particularly the demand for new and innovative flavors, have driven
ice cream parlors to continuously experiment with their offerings. While
traditional flavors remain popular, the rise of artisanal and gourmet flavors,
often incorporating unique ingredients and cultural influences, has attracted
consumers seeking novel taste experiences.
Customization and Personalization
In an era where personalization is highly valued,
the ice cream parlor market has capitalized on this trend. The ability to
customize ice cream orders with a plethora of toppings, mix-ins, and flavors
aligns with the desire of consumers to tailor their choices to their specific
tastes. The interactive experience of creating one's own ice cream concoction
enhances customer engagement and fosters a sense of ownership, making each
visit to the ice cream parlor a unique and enjoyable event.
Visual and Social Media Appeal
The saying "we eat with our eyes" has
never been truer than in the age of social media. Ice cream parlors have
leveraged the visual appeal of their products to captivate consumers, turning
their offerings into shareable moments. Intricately designed ice cream sundaes,
vibrant and colorful creations, and unique serving styles have made their way
onto platforms like Instagram and TikTok. This trend has not only garnered
attention but has also acted as free advertising, drawing crowds eager to capture
and share their experiences online.
Health-Conscious Choices
As health consciousness continues to influence
consumer choices, the ice cream parlor market has responded by introducing
healthier options. The demand for low-sugar, low-fat, and dairy-free
alternatives has led to the development of products that cater to individuals
with dietary restrictions or those simply seeking healthier indulgences. The
introduction of options made from natural ingredients, organic sources, and
plant-based substitutes has widened the market's appeal and accommodated a
diverse range of dietary preferences.
Innovative Presentations and Techniques
Ice cream parlors have embraced innovation not only
in flavors but also in presentation. Techniques like rolled ice cream, where
ice cream is prepared on a cold surface and then rolled into delicate spirals,
and liquid nitrogen freezing, which produces a theatrical smoky effect, have
added an element of entertainment to the ice cream experience. These innovative
presentations not only attract customers seeking novel experiences but also
create a memorable spectacle that encourages repeat visits.
Seasonal and Limited-Time Offerings
Ice cream parlors have tapped into the psychology
of scarcity by introducing seasonal and limited-time offerings. Capitalizing on
the nostalgia and associations with specific seasons or holidays, these
offerings create a sense of urgency and excitement among consumers.
Limited-time flavors and collaborations with other brands or events often
generate buzz, drawing customers to experience these exclusive treats before
they disappear, thus driving foot traffic and sales.
Cross-Generational Appeal
Ice cream parlors possess a unique ability to
appeal to multiple generations. Childhood nostalgia draws in older generations,
while the vibrant and dynamic offerings cater to younger consumers seeking
excitement and Instagram-worthy moments. The intergenerational appeal of ice
cream parlors as places of shared joy and memories contributes to their
sustained popularity.
Online Ordering and Delivery
The technological landscape has impacted how ice
cream parlors operate, with the rise of online ordering and delivery services.
The convenience of ordering ice cream from the comfort of one's home has
expanded the market's reach beyond physical locations. This adaptation to
changing consumer behavior, especially during the COVID-19 pandemic, has
allowed ice cream parlors to maintain revenue streams and adapt to the demands
of a digital age.
Cultural Influences and Globalization
The ice cream parlor market has benefited from
cultural exchange and globalization. Influences from around the world have
inspired new flavors and concepts, contributing to a diverse range of
offerings. Additionally, the proliferation of international cuisines and travel
experiences has made consumers more open to trying exotic and unfamiliar
flavors, providing ice cream parlors with opportunities to offer unique and
exciting products.
Food Tourism and Culinary Exploration
Food tourism has gained momentum, and ice cream
parlors have become destinations for culinary exploration. Travelers and locals
alike seek out renowned parlors to sample signature creations and regional
specialties. Ice cream parlors have become integral to the broader food tourism
landscape, offering visitors a taste of local culture and gastronomy.
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Key Market Challenges
Evolving Consumer Preferences
One of the most significant challenges faced by the
ice cream parlor market is the constant evolution of consumer preferences.
Consumers' tastes and preferences are fluid, driven by trends, health
considerations, and cultural influences. Ice cream parlors must constantly
adapt their offerings to cater to these changes, which can be a complex task.
What's popular today may be passé tomorrow, requiring parlors to strike a
balance between traditional favorites and innovative creations.
Health and Dietary Trends:
Health-conscious consumer behaviors and dietary
trends pose both opportunities and challenges. While demand for healthier and
allergen-friendly options is rising, formulating such products while
maintaining the desirable taste and texture of ice cream can be a technical
challenge. Additionally, communicating nutritional information accurately and
transparently to consumers can be a regulatory and marketing challenge.
Competition and Differentiation
As the ice cream parlor market continues to grow,
competition intensifies. Independent parlors must compete not only with other
parlors but also with larger chains and even supermarkets offering a wide range
of frozen desserts. Standing out in a crowded market requires differentiation
through unique flavors, creative presentations, exceptional customer service,
and creating an inviting atmosphere.
Seasonal Demand and Footfall
The ice cream parlor market experiences seasonal
demand due to weather variations. While summer months witness high footfall,
colder seasons can result in reduced customer traffic. This fluctuation in
demand can create challenges in maintaining consistent revenue throughout the
year. Some parlors have addressed this by introducing warm dessert options or
diversifying their menu to include non-ice cream offerings during the colder
months.
Digital Transformation and Online Presence
While online ordering and delivery offer new
revenue streams, transitioning to digital platforms can be challenging for
traditional ice cream parlors. Developing user-friendly online ordering
systems, managing delivery logistics, and maintaining consistent product
quality during transit are hurdles that require technological adaptation and
investment. Additionally, building and maintaining a strong online presence
through social media and websites is essential for reaching and engaging
customers.
Regulatory Compliance
The foodservice industry is subject to stringent
health and safety regulations. Ice cream parlors must adhere to regulations
regarding food handling, storage, and hygiene. The complexity of these
regulations, which can vary by region, demands continuous training, strict
processes, and regular inspections to ensure compliance.
Key Market Trends
Artisanal and Gourmet Flavors
Artisanal and gourmet ice cream flavors have been
gaining traction in recent years. Consumers are seeking unique taste
experiences, and ice cream parlors are responding by experimenting with
creative and unexpected flavor combinations. From floral infusions to savory
elements, and from exotic spices to unexpected mix-ins, parlors are pushing the
boundaries of traditional flavors, appealing to adventurous palates and capturing
the interest of food enthusiasts.
Plant-Based and Dairy-Free Options
The rise of plant-based diets and lactose
intolerance awareness has led to a surge in demand for dairy-free and vegan ice
cream options. Ice cream parlors are now offering alternatives made from
coconut, almond, oat, and other plant-based ingredients. These alternatives aim
to replicate the creamy texture and indulgent taste of traditional ice cream
while catering to a growing segment of health-conscious and environmentally
aware consumers.
Health-Conscious Creations
Consumers are becoming increasingly
health-conscious, even when indulging in treats. Ice cream parlors are
responding by introducing healthier options that reduce sugar content, feature
natural sweeteners, and incorporate nutritious ingredients. This includes
fruit-based sorbets, low-sugar varieties, and even ice creams fortified with
vitamins and minerals.
Global Flavors and Cultural Fusion
The world is more interconnected than ever, and
this is reflected in the ice cream parlor market. Parlors are embracing global
flavors and cultural influences, introducing international tastes that resonate
with consumers seeking diverse culinary experiences. From matcha green tea to
Indian-inspired saffron flavors, this trend allows customers to embark on a
culinary journey through their ice cream choices.
Digital Integration and Online Ordering
The digital age has transformed how businesses
interact with consumers, and ice cream parlors are no exception. Many parlors
are embracing online ordering systems and mobile apps that allow customers to
customize their orders, pay in advance, and even have their ice cream delivered
to their doorstep. This digital integration enhances convenience and widens the
reach of the parlor beyond its physical location.
Functional and Nutrient-Rich Varieties
Consumers are increasingly seeking functional foods
that provide nutritional benefits beyond mere indulgence. Ice cream parlors are
responding by introducing varieties enriched with protein, probiotics, and
other health-boosting ingredients. These functional ice creams aim to align
with consumers' wellness goals while still delivering on taste.
Sustainability and Eco-Friendly Practices:
The global focus on sustainability has not spared
the ice cream parlor market. Consumers are increasingly conscious of the
environmental impact of their choices, leading parlors to adopt eco-friendly
practices. This includes using biodegradable or reusable packaging, sourcing
local and organic ingredients, and implementing waste reduction strategies.
Novel Presentation and Instagram-Worthy Treats:
The visual appeal of food has become increasingly
important in the age of social media. Ice cream parlors are creating visually
stunning treats that are Instagram-worthy, encouraging customers to share their
experiences online. From intricate sundaes with elaborate toppings to vibrantly
colored ice creams, these visually captivating creations become a marketing
tool in themselves.
Experiential and Interactive Offerings
Modern consumers crave experiences that go beyond
just consumption. Ice cream parlors are capitalizing on this desire by
providing interactive and experiential offerings. This might include DIY ice
cream stations where customers can mix their own flavors and toppings, or live
demonstrations of techniques like liquid nitrogen freezing, where the
preparation process becomes part of the experience.
The ice cream parlor market is undergoing a
transformation fueled by consumer demands, technological innovation, and
societal shifts. The trends outlined above are shaping the market's future and
influencing how ice cream parlors create and market their offerings. Successful
parlors are those that not only keep up with these trends but also embrace them
as opportunities to engage customers, differentiate themselves from
competitors, and continue to delight taste buds in new and exciting ways.
Segmental Insights
Type Insights
Based on type category, branded/franchise revenues
accounted for the greatest market share in 2022, and it is anticipated that
they will continue to rule during the forecast period. Ice cream shops that
operate under a brand or franchise are a part of a bigger chain or franchise
that has locations for its stores. They typically come with a well-known brand
name attached to them, such as Dairy Queen, Baskin-Robbins, Ben & Jerry's,
or Cold Stone Creamery. Branded ice cream shops frequently provide same
flavors, menu items, and experiences throughout all of their locations. In
terms of operations, branding, and marketing, a franchise often receives
support and instructions from the parent firm. Branded salons profit from
strong customer loyalty and brand recognition. The brand and its products are
frequently known to consumers, which may result in higher initial acceptance
rates.
They frequently have several sites, including shops
in well-known malls, entertainment hubs, and retail centers. This vast
distribution increases the likelihood that their products will be adopted by a
wider customer base by making them easily accessible. Ice cream shops that are
independently owned and operated are stand-alone businesses that are not a part
of a bigger franchise or chain. Most of these salons are run and owned locally.
They are given more latitude to develop their distinctive tastes, menu items,
and atmosphere. Independent parlors could take a more artisanal or gourmet
approach to their ice cream selections and frequently concentrate on using
high-quality ingredients.
Product Insights
In 2022, the traditional ice cream segment
dominated the market. Traditional ice creams have been a favorite frozen treat
for years. They are timeless and incredibly popular. Typically, a base of milk,
cream, sugar, and flavorings is used to make them. The components are
pasteurized, the mixture is churned in an ice cream maker, and then frozen to
produce a creamy texture. There are many flavors of traditional ice cream,
including vanilla, chocolate, strawberry, and mint chocolate chip. They are
renowned for their nostalgic appeal and frequently have a smooth and consistent
texture.
For the forecasted period, artisanal ice cream is
expected to expand with fastest CAGR. In the market, artisanal ice creams are a
more recent trend that emphasizes handiwork, distinctive flavors, and premium
ingredients. Using age-old techniques and recipes, trained artisans manufacture
artisanal ice creams in smaller batches. They place a strong emphasis on
presentation, flavor pairings, originality, and innovation. Natural flavors,
fresh fruits, and organic or locally obtained ingredients are frequently found
in artisanal ice creams. They might have fewer artificial additives or none at
all. Naturals, a renowned artisanal ice cream chain in India, unveiled the
Meetha Paan flavor in May 2023 in time for the summer.
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Regional Insights
For the forecasted period, the market in Asia
Pacific is expected to rise at a fastest CAGR. High-end ice creams are becoming
in demand in the Asia Pacific region. The need for creative ice creams and
flavor combinations has increased due to shifting consumer consumption habits
and the region's extreme diversity. Additionally, the region has seen the
launch of new brands, which has increased rivalry in the sector.
Recent Developments
- In 2023 - Ben & Jerry’s came together with The
Entrepreneurial Refugee Network (TERN) to craft a fresh flavor called Sunny
Honey Home. This unique blend is specifically designed to raise funds and
provide support for the entrepreneurial endeavors of refugees in the UK.
- In 2023 - Baskin-Robbins re-opened its parlor in
Bay City, Michigan. The store was closed in December 2022 and was seeking new
owners to take over. The re-opened store is witnessing colossal traffic and
customer demand ever since.
- In 2022 - Cold Stone Creamery, in collaboration
with Reese, launched Reese-inspired ice creams like Reese’s Take 5 peanut
butter ice cream and Reese’s Peanut Butter Cup ice cream. The company also
launched marshmallow-flavored ice cream.
Key Market Players
- Baskin-Robbins
- D.Q. Corp.
- Cold Stone Creamery (Kahala Franchising, LLC.).
- Ben & Jerry's Homemade, Inc.
- Häagen-Dazs
- Amorino
- Ghirardelli Chocolate Company
- Marble Slab Creamery
- Cream Stone
- Natural Ice Creams
|
By Type
|
By Product
|
By Region
|
- Branded/Franchise
- Independent
|
- Traditional Ice Cream
- Artisanal Ice Cream
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the global ice cream parlor market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Ice Cream Parlor Market, By Type:
o Branded/Franchise
o Independent
- Ice Cream Parlor Market, By Product:
o Traditional Ice Cream
o Artisanal Ice Cream
- Ice Cream Parlor Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Ice
Cream Parlor Market.
Available Customizations:
Global Ice Cream Parlor Market report with
the given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Ice Cream
Parlor Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at
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