PUBLISHER: Grand View Research | PRODUCT CODE: 1888980
PUBLISHER: Grand View Research | PRODUCT CODE: 1888980
The global ice cream market size was estimated at USD 117.22 billion in 2024 and is expected to reach USD 169.40 billion by 2033, growing at a CAGR of 4.3% from 2025 to 2033. Ice cream manufacturers are continuously innovating, introducing a diverse range of flavors, textures, and formats to entice consumers, including vegan, dairy-free, premium, and artisanal varieties.
Concurrently, there is a rising demand for healthier options, driven by health and wellness trends, as well as products made with natural and organic ingredients. Despite its seasonal nature, efforts to promote year-round consumption through targeted marketing campaigns are expanding the market growth.
The industry is being shaped by shifting consumer demographics and cultural trends. As disposable incomes rise in emerging markets and urbanization accelerates globally, there is a growing demand for ice cream as an affordable indulgence and a symbol of the Western lifestyle. Moreover, cultural diversity and globalization have led to the adoption of exotic flavors and dessert traditions from around the world, enriching the market's offerings and appealing to diverse consumer tastes.
In April 2024, California-based Alec's Ice Cream announced the launch of nine new premium flavors, meticulously crafted with sustainably sourced, regenerative organic ingredients and A2/A2 dairy. All flavors are gluten-free and offer luxurious indulgence. These latest additions will be available in the U.S, expanding the company's lineup to 14 flavors. Select Whole Foods Market locations, as well as numerous independent stores, will stock the entire range of flavors.
Additionally, changing consumer lifestyles and rising disposable incomes have led to a greater emphasis on quality and indulgence in food choices. Premium ice creams, with their superior ingredients, unique flavors, and artisanal production processes, appeal to consumers seeking an elevated sensory experience and a touch of luxury in their desserts.
According to Kerry Group, an international food company, premium and luxury ice cream options in Europe are swiftly adapting to meet the increasing demand for satisfying and indulgent dessert experiences. Similarly, in Australia, there is a consensus that ice cream flavors can range from sweet to savory, but indulgence remains a key factor in selecting items from the freezer aisle. In Mexico, it is anticipated that indulgent ingredients, including toppings, fillings, and natural flavors, will continue to gain popularity in the future.
Global Ice Cream Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends and opportunities in each sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the global ice cream market report by product, type, flavor, distribution channel and region: