New York, February 19, 2025 (GLOBE NEWSWIRE) — The global ice cream market, valued at $77.8 billion in 2024, is on track to grow at a robust compound annual growth rate (CAGR) of 6.7%, reaching $139.7 billion by 2033. This growth is driven by evolving consumer preferences, an increased focus on sustainability, and innovations in product development, including plant-based and functional ice cream options.
Ice cream, traditionally made from milk, cream, sugar, and various flavorings, has become a versatile treat enjoyed worldwide. The market includes dairy-based varieties, lactose-free alternatives, plant-based options, and functional ice creams enriched with ingredients like fruits, nuts, and probiotics. This diversity in offerings reflects the growing demand for indulgent yet healthier dessert alternatives.
Market Drivers: Health Consciousness and Unique Flavors
One of the main drivers of market growth is the shift towards healthier, locally-sourced, and premium ice cream products. In major markets like the U.S., Germany, and France, consumers increasingly prefer artisanal ice creams crafted from organic ingredients and unique flavors. The low-calorie segment has also seen growth, with brands like Halo Top offering guilt-free options.
The rise in demand for distinctive and culturally relevant flavors has led companies to experiment with limited-edition releases. Notably, Häagen-Dazs’ 2024 launch featured exotic ingredients like yuzu and black sesame, catering to the adventurous taste preferences of consumers.
Seasonal demand, particularly during summer, further contributes to market growth. However, managing supply chains effectively to avoid shortages during peak times remains a critical challenge for producers.
Opportunities in Plant-Based and Functional Ice Creams
The growing trend toward plant-based and functional ice creams is opening up new opportunities for manufacturers. Products such as functional gelatos, which are infused with probiotics, vitamins, and antioxidants, are becoming increasingly popular among health-conscious consumers.
Noteworthy developments in the market include Ben & Jerry’s 2025 launch of CBD-infused ice cream, capitalizing on the wellness movement. Similarly, Oatly expanded its plant-based product range in 2024 with oat-based ice cream pints, catering to the rising demand for vegan-friendly options.
Consumers are also more inclined to support brands that prioritize sustainability. Companies adopting eco-friendly practices—such as using biodegradable packaging and sourcing organic ingredients—are gaining an edge in an increasingly competitive market. Unilever, for example, is on track to meet its 2025 goal of achieving 100% recyclable packaging.
Regional Market Insights: Europe’s Role in Growth
Europe remains a dominant player in the global ice cream market, with a projected annual growth rate of 5%. A significant factor behind this growth is the increasing demand for natural, health-conscious options. A recent survey revealed that 9.6% of European consumers prefer ice cream without additives or preservatives, underscoring the shift toward cleaner, more wholesome products. In response, manufacturers are innovating with low-sugar, low-fat, and high-protein varieties.
Government initiatives promoting sustainability and health are also boosting the European market. The European Union’s “Farm to Fork” strategy, aimed at making food systems more sustainable, has encouraged manufacturers to focus on plant-based and organic options. Industry giants such as Nestlé, Unilever, and Häagen-Dazs are diversifying their offerings to cater to these evolving consumer preferences.
Key Market Data and Growth Projections
- The global ice cream market is projected to grow from $79.4 billion in 2025 to $139.7 billion by 2033, reflecting a CAGR of 6.7%.
- The chocolate flavor segment dominates the market, with an estimated CAGR of 6.3% during the forecast period.
- In terms of packaging, the tub segment is the leading contributor to revenue, expected to grow at a CAGR of 5.9%.
- Europe is forecasted to maintain its leadership in the global ice cream market, with a projected CAGR of 6.5% during the forecast period.
Leading Market Players
The competitive landscape of the ice cream market features several major players, including:
- Nestlé SA
- Unilever Group
- General Mills
- Amul
- Dunkin’ Brands
- Blue Bell Creameries
- Dairy Queen
- Dairy Farmers of America
- Cold Stone Creamery
- Danone S.A.
As consumer preferences continue to evolve and demand for healthier, sustainable, and innovative products increases, the global ice cream market is poised for substantial growth in the coming years.
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