The United States ice cream
market was valued USD 33.11 Billion in 2020 and is forecast to grow at CAGR of
5% during the next five years to reach USD 47.66 Billion by 2026F. The United
States ice cream market is driven by the high demand for premium ice cream and
the new product launches by the companies to offer a wide variety of flavors to
the customers. Ice cream is a sweetened frozen dessert made from milk, cream,
sugar, and flavorings.
Presently, companies have come up with many flavors to
satisfy customer taste and preferences. According to the survey of the
International Dairy Foods Association, the most common flavors in the United
States are vanilla, chocolate, cookies ‘n’ cream, mint chocolate chip, and
chocolate chip cookie dough. In general, ice cream has a lot of nutritional
value, and it is also a good source of energy. Ice cream consists of
carbohydrates, fats, and proteins, which all are required for the human body to
produce energy.
In the United States, ice cream is one of
the most preferred form of dessert. Thus, to retain a large consumer base in the United
States market companies are also coming up with great innovations. Ice cream
should contain 10 to 16 percent milkfat as it gives a smooth and creamy texture
and is most preferred by the people of the United States. Ice cream is largely
produced in the month of March to July, whereas July is the busiest production
month for the manufacturer of ice cream.
According to International Dairy Foods
Association, about 6.9 billion pounds of ice cream was produced in the year
2019 in the United States. Families are the primary focus of the ice cream
manufacturing companies since household consumption is relatively higher in the
United States approximately 90% of household consumers regularly eat sweet and
frozen treats. Thus, United States ice cream manufacturers are witnessing an
increased demand for premium ice cream, sorbet, gelato ice cream, and low-fat
or non-fat ice cream.
The United States ice
cream market is bifurcated into the category, product type, distribution
channel, region, and company. Based on category, the United States ice cream
market is further fragmented into take-home ice cream, impulse ice cream, and
artisan ice cream. Among them, the take-home ice cream segment held
approximately 44% of the market share in 2020 since the majority of the
consumer in the United States prefer to buy family packs of ice cream as they
are easy to store and carry.
Based on product type, the United States ice cream
market is segmented into brick, tub, cup, cone, stick, and others. Among them,
bricks hold the largest market share of around 28% in 2020, as household
consumption of ice cream is more in the United States. Hence, family packs are
largely preferred by the consumer of the United States. Furthermore, an increase
in the number of populations is expected to contribute to the growth of the
products in the future.
Based on distribution
channels, the United States ice cream market is divided into
supermarkets/hypermarkets, convenience stores, specialty stores, and others.
Among them, supermarkets/hypermarkets hold a major market share of around 25%,
because there are many supermarkets in the United States and there is a huge
variety of flavors present under one roof.
The major players operating in the United States ice
cream market are Dairy Farmers of America Inc., Wells Enterprises, Inc., Kahala
Franchising, L.L.C. (Cold Stone Creamery), PIERRE'S ICE CREAM COMPANY, Unilever
United States, Inc. (Breyers, Magnum, Good Humor, Heartbrand (wall's) Ben &
Jerry), Blue Bell Creameries, L.P., General Mills Inc. (Haagen-Dazs), American
Dairy Queen Corporation (Dairy Queen), Turkey Hill, L.P., Inspire Brands, Inc.
(Baskin Robins). Major companies are developing advanced techniques
and launching new low-fat, vegan ice creams to stay competitive in the market.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F–2026F
Objective of the Study:
- To analyse and estimate the market size of the
United States ice cream market from 2016 to 2020.
- To estimate and forecast the market size of
the United States ice cream market from 2021E to 2026F and growth rate
until 2026F.
- To classify and forecast the United States ice
cream market based on the category, product type, distribution channel,
and regional distribution.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in the
United States ice cream market.
- To identify the dominant region or segment in
the United States ice cream market.
- To identify drivers and challenges for the United
States ice cream market.
- To identify and analyse the profile of leading
players operating in the United States ice cream market.
- To identify key sustainable strategies adopted
by market players in the United States ice cream market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the country. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the
manufacturers and presence of all major players across the country.
TechSci
Research calculated the market size of the United States ice cream market using a top-down approach in the overall market,
bottom-up approach in the regional market, wherein data for various segments
was recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated them through analyzing historical data of these product types and categories
for getting an appropriate, overall market size. Various secondary sources such
as company websites, news articles, press releases, company annual reports,
investor presentations, and financial reports were also studied by TechSci
Research.
Key Target Audience:
- Ice cream manufacturers/
suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related
to ice cream
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, United States ice creammarket has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- United States Ice
Cream Market, By Category:
- Take-Home
Ice Cream
- Impulse
Ice Cream
- Artisan
Ice Cream
- United States Ice
creamMarket, By Product Type:
- Brick
- Tub
- Cup
- Cone
- Stick
- Others
(Ice Cream Sandwiches and Jellies)
- United States Ice Cream Market, By Distribution Channel:
- Supermarkets/
Hypermarkets
- Convenience
Store
- Specialty
Store
- Others
- United States Ice Cream Market, By Region:
- South
- Mid-West
- West
- North-East
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in the United States ice cream market.
Available Customizations:
With the given market data, TechSci 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).
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]