IMARC Group, a leading market research company, has recently releases report titled “North America Ice Cream Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the North America ice cream market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the North America Ice Cream Market?
The North America ice cream market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
What is Ice Cream?
Ice cream is a frozen dessert made primarily from dairy products such as milk and cream, often combined with sweeteners, flavorings, and stabilizers. The mixture is churned while freezing to incorporate air, resulting in a creamy and smooth texture. Originating centuries ago, ice cream has evolved into a versatile treat enjoyed globally, with countless variations that include fruit ice creams, chocolate-based flavors, and even exotic combinations like matcha and sesame. The basic process of making ice cream involves mixing the dairy components with sugar and other ingredients, followed by pasteurization to eliminate bacteria. This mixture is then cooled and churned in an ice cream maker, where it thickens and gains its characteristic texture. Some modern variations of ice cream substitute dairy with plant-based milk like almond, coconut, or oat to cater to vegan or lactose-intolerant consumers. Ice cream can be served in various forms scooped onto cones, layered into sundaes, blended into milkshakes, or incorporated into cakes and pastries. It is not just a summertime favorite but a year-round indulgence, celebrated for its comfort-food status and its ability to be customized to individual taste preferences.
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What are the Growth Prospects and Trends in the North America Ice Cream Market?
The growing trend toward exotic, artisanal, and limited-edition flavors represents one of the key factors driving the growth of the ice cream market across North America. This is primarily attributed to the changing consumer preferences which is further attracting a broad spectrum of consumers. The rising number of health-conscious consumers is leading to the introduction of better-for-you options, including low-fat, sugar-free, and plant-based ice creams, which is widening the market scope. Technological advancements in freezing and aeration techniques have led to improved texture and flavors, thus attracting more consumers to premium options. Online ordering and delivery services are making it easier for consumers to access a wide range of products from the comfort of their homes. Supermarkets and convenience stores remain crucial for impulse buys, while specialized ice cream parlors and cafes attract consumers looking for a gourmet experience. A wide range of price points from budget to premium allows for the inclusion of diverse consumer groups, from students to affluent professionals which is fueling the growth of the market. Effective advertising campaigns, social media marketing, and influencer endorsements are significantly impacting consumer choices. Retro and classic flavors often see a resurgence owing to their emotional connection with consumers, thus boosting sales.
The inclusion of international flavors and styles, such as gelato or mochi ice cream, broadens consumer appeal and brings diversity to the market. Generally recognized as safe (GRAS) status for new ingredients facilitates product innovation, which is driving consumer interest. Co-branding with celebrities, movies, or other food and beverage categories often leads to limited-edition products that generate buzz and attract new customers. Eco-friendly packaging and ethical sourcing appeal to socially responsible consumers, which adds another layer to purchasing decisions. The rising disposable incomes, especially post-pandemic, are positively impacting luxury and premium ice cream sales.
What is Included in Market Segmentation?
The report has categorized the market based on flavor, category, product and distribution channel.
Breakup by Flavor
- Chocolate
- Fruit
- Vanilla
- Others
Breakup by Category
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Breakup by Product
- Cup
- Stick
- Cone
- Brick
- Tub
- Others
Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Ice cream Parlours
- Online Stores
- Others
Key Regions Analyzed
- United States
- Canada
- Mexico
Competitive Landscape:
- Competitive Structure
- Key Player Profiles
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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