Global Gourmet Ice Cream Market Overview
Gourmet Ice Cream Market Size was estimated at 28. 35 (USD Billion) in 2022. The Gourmet Ice Cream Industry is expected to grow from 29. 56(USD Billion) in 2023 to 43. 1 (USD Billion) by 2032. The Gourmet Ice Cream Market CAGR (growth rate) is expected to be around 4. 28% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Gourmet Ice Cream Market Trends Highlighted
The Gourmet Ice Cream Market is characterized by a growing demand for high-quality and artisanal flavors. Consumers are increasingly seeking out unique and indulgent experiences, leading to a surge in popularity for handcrafted ice creams made with premium ingredients. Other key drivers include health consciousness, as consumers opt for healthier options, and the rise of premiumization in the food and beverage industry.
Opportunities abound in the Gourmet Ice Cream Market. The growing adoption of online ordering and home delivery services has created new avenues for market penetration. Furthermore, the expansion of the foodservice industry, particularly in emerging markets, presents lucrative opportunities for gourmet ice cream manufacturers.
Recent trends in the Gourmet Ice Cream Market include the emergence of plant-based and vegan options, catering to the growing number of consumers adopting plant-based diets. Additionally, there is a growing interest in artisanal flavors, often inspired by local and seasonal ingredients, creating a sense of exclusivity and authenticity.
Gourmet Ice Cream Market Drivers
Rising Demand for Premium and Indulgent Ice Cream Products
The gourmet ice cream market is primarily driven by the increasing demand for premium and indulgent ice cream products. Consumers are becoming more discerning in their tastes and are willing to pay a premium for high-quality ice cream that offers unique flavors and textures. This trend is particularly evident in emerging markets, where consumers are increasingly exposed to Western lifestyles and habits. The rise of social media and food blogging has also contributed to the popularity of gourmet ice cream, as consumers are increasingly sharing their experiences and recommendations with others.
As a result of these factors, the demand for gourmet ice cream is expected to continue to grow in the coming years. The growth of the gourmet ice cream market is also being driven by the increasing popularity of artisanal and small-batch ice cream brands. These brands often use high-quality ingredients and unique flavor combinations to create ice cream that is both delicious and visually appealing. Artisanal and small-batch ice cream brands are often found in independent ice cream shops and restaurants, and they have a loyal following among consumers who are looking for a unique and premium ice cream experience. The rising demand for premium and indulgent ice cream products, coupled with the increasing popularity of artisanal and small-batch ice cream brands, is expected to drive the growth of the gourmet ice cream market in the coming years.
Growing Popularity of Plant-Based and Lactose-Free Ice Cream Options
Another important factor contributing to the growth of the gourmet ice cream market is the rising popularity of plant-based and lactose-free alternatives. While the food industry overall is witnessing an increased demand for food that is healthier and less damaging to the environment, this is also a visible trend in the case of ice cream. Plant-based ice cream is produced with the use of non-dairy milk, which may be almond milk, soy milk, or coconut milk.
As a result, it is suitable for those interested in following a vegan or a vegetarian diet, as well as those who suffer from lactose intolerance. The second type of such alternatives, lactose-free ice cream, is made by replacing the regular milk in ice cream with milk from which lactose has been extracted for those who suffer from lactose intolerance but still want to enjoy ice cream. Several factors are responsible for the increasing popularity of such alternatives, including the increasing prevalence of lactose intolerance, the rising demand for the alternatives that are healthier and contribute to a more sustainable lifestyle, and the popularity of vegan and vegetarianism, and these factors are likely to positively impact the demand in the future.
Expansion of Distribution Channels and E-Commerce Platforms
The expansion of distribution channels and e-commerce platforms is also contributing to the growth of the gourmet ice cream market. Gourmet ice cream is now available in a wider range of retail channels, including supermarkets, convenience stores, and online retailers. This increased availability is making it easier for consumers to find and purchase their favorite gourmet ice cream brands. E-commerce platforms are also playing a significant role in the growth of the gourmet ice cream market.
Consumers can now easily order gourmet ice cream online and have it delivered to their doorstep. This convenience is particularly appealing to consumers who live in areas where there are few or no gourmet ice cream shops. As a result of the expansion of distribution channels and e-commerce platforms, the demand for gourmet ice cream is expected to continue to grow in the coming years.
Gourmet Ice Cream Market Segment Insights
Gourmet Ice Cream Market Flavor Insights
The Gourmet Ice Cream Market is segmented by flavor into vanilla, chocolate, strawberry, pistachio, and green tea. In 2023, the vanilla flavor held the largest market share, constituting more than 25% of the market. It was followed by the chocolate and strawberry flavors, with more than 20% and more than 15% of the market share, respectively. Pistachio and green tea flavors made up the remaining market share. The forecast for the vanilla flavor is that it will continue to grow at a moderate rate, which is caused by its status as a classical and the most popular flavor; its market size will be approximately 14. 33 billion by 2032.
The future of the chocolate flavor is expected to be positive as well. It will not lose its popularity, especially among the youngest consumers. The size of the market will be about $12. 287 billion by 2032. The strawberry flavor, which holds the third position in the market, will grow at a slightly lower rate as compared to the previous two, but it is also expected to remain popular among the consumers. Its future growth rate will be approximately 4%, and the size of the market will reach around $8. 08 billion by 2032. The pistachio and green tea flavors will be growing at the highest rates as compared to the other ones, which will be caused by the fact that they are relatively new and were not discovered in the previous years.
The market size for the pistachio flavor will be around $4. 674 billion by 2032, and for the green tea flavor, it will be around $3. 739 billion.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Gourmet Ice Cream Market Packaging Insights
Segmented by packaging type, the gourmet ice cream market is divided into Single-serve, Multi-serve, Novelty, and Bulk. Owing to the rising popularity of convenience food, the Single-serve segment accounted for the largest market share in 2023 and is projected to dominate the market in the coming years. Growth of the segment will also be driven by the rapid growth of single-person households. The Multi-serve segment will also experience significant growth due to the increasing demand for family-sized packaging. The Novelty segment is projected to see healthy growth due to the rising preference for novel and interesting flavors and shapes of ice creams.
The Bulk segment will see modest growth as the demand for gourmet ice cream from foodservice and institutional customers rises. As per the findings of the Gourmet Ice Cream Market, in 2032, the Single-serve segment is expected to be valued at USD 12. 56 billion, witnessing a CAGR of 4. 6%. Due to the rising demand for family-sized packaging, the Multi-serve segment is expected to be valued at USD 10. 32 billion, registering a CAGR of 4. 1%. The Novelty segment is expected to be valued at USD 7. 21 billion in 2032, demonstrating a CAGR of 3. 9%.
Meanwhile, the Bulk segment is expected to be valued at USD 6. 09 billion in 2032, indicating a CAGR of 3. 7%.
Gourmet Ice Cream Market Distribution Channel Insights
The distribution channel segment plays a critical role in shaping the Gourmet Ice Cream Market. Supermarkets and Hypermarkets emerged as the leading distribution channel, accounting for over 50% of the market revenue in 2023. Their extensive product offerings, promotional activities, and convenient locations contribute to their dominance. Convenience Stores, while having a smaller market share, exhibit significant growth potential due to their widespread presence and extended operating hours. Online Retailers, leveraging the rise of e-commerce, are gaining traction rapidly.
Their ability to offer a wider selection, competitive pricing, and home delivery options is driving their growth. Ice Cream Parlors and Cafés, though niche players, provide a unique and experiential setting for consumers to enjoy gourmet ice cream, contributing to the market's overall value. Understanding the dynamics of each distribution channel and tailoring strategies accordingly is crucial for market players to capture growth opportunities.
Gourmet Ice Cream Market Usage Occasion Insights
The Usage Occasion segment is a key factor in determining the demand for gourmet ice cream. The market is segmented into four primary usage occasions dessert, snack, gift, and special occasion. Dessert accounts for the largest share of the market, with a 30% share in 2023. This segment is driven by the growing popularity of gourmet ice cream as a dessert option, as well as the increasing availability of premium flavors and toppings. The snack segment is the second-largest, with a 25% share in 2023. This segment is driven by the convenience and portability of gourmet ice cream, as well as the growing popularity of single-serve portions.
The gift segment is the third-largest, with a 20% share in 2023. This segment is driven by the growing popularity of gourmet ice cream as a gift item, as well as the increasing availability of gift-wrapped and personalized options. The special occasion segment is the smallest, with a 15% share in 2023. This segment is driven by the growing popularity of gourmet ice cream as a special occasion treat, as well as the increasing availability of seasonal and limited-edition flavors. Overall, the Usage Occasion segment is a key factor in determining the demand for gourmet ice cream.
The market is expected to continue to grow in the coming years, driven by the increasing popularity of gourmet ice cream as a dessert, snack, gift, and special occasion treat.
Gourmet Ice Cream Market Regional Insights
The regional segmentation of the Gourmet Ice Cream Market offers valuable insights into the market's dynamics across different geographical regions. North America is anticipated to account for a significant share of the market, driven by the presence of established players and a growing demand for premium ice cream products. Europe is another major market, with countries like Italy and France boasting a strong tradition of artisanal ice cream making. The APAC region is expected to witness substantial growth in the coming years, fueled by rising disposable incomes and changing consumer preferences.
South America and MEA are also emerging markets for gourmet ice cream, with increasing demand from urban populations. These regional insights provide valuable guidance for businesses operating in the Gourmet Ice Cream Market, enabling them to tailor their strategies to specific market dynamics and opportunities.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Gourmet Ice Cream Market Key Players And Competitive Insights
Major players in Gourmet Ice Cream Market industry are constantly innovating and developing new products to meet the growing demand for premium ice cream. Leading Gourmet Ice Cream Market players are focusing on expanding their product portfolio by introducing new flavors, textures, and packaging options. Gourmet Ice Cream Market development is driven by the increasing popularity of artisanal and handcrafted ice cream, as well as the growing demand for healthier and more sustainable options. The Gourmet Ice Cream Market Competitive Landscape is highly fragmented, with a number of small and medium-sized players competing for market share. However, there are a few large players that dominate the market, such as Unilever, Nestlé, and Danone.
Unilever is a leading multinational consumer goods company that has a strong presence in the Gourmet Ice Cream Market. The company offers a wide range of ice cream products, including Ben & Jerry's, Magnum, and Breyers. Unilever has a strong focus on innovation, and it is constantly developing new products to meet the changing needs of consumers. The company has also been investing in its manufacturing and distribution capabilities to improve its efficiency and reach.
Ben & Jerry's is a leading brand of gourmet ice cream that is known for its unique flavors and social activism. The company was founded in 1978 by two friends, Ben Cohen and Jerry Greenfield. Ben & Jerry's is now a wholly-owned subsidiary of Unilever. The company has a strong focus on social responsibility, and it is committed to using its business to make a positive impact on the world. Ben & Jerry's products are made with high-quality ingredients, and they are known for their rich and creamy texture. The company offers a wide range of flavors, including classics like Chocolate Chip Cookie Dough and Cherry Garcia, as well as more innovative flavors like Peanut Butter & Jelly and Chocolate Therapy.
Key Companies in the Gourmet Ice Cream Market Include
- Jeni's Splendid Ice Creams
- Danone
- Graeter's
- Van Leeuwen Ice Cream
- General Mills
- Ben Jerry's
- Mars
- Salt Straw
- McConnell's Fine Ice Creams
- Nestle
- HaagenDazs
- Unilever
- Talenti
- Cold Stone Creamery
- BaskinRobbins
Gourmet Ice Cream Market Industry Developments
The Gourmet Ice Cream Market is poised to exhibit steady growth in the coming years, driven by increasing consumer demand for premium and artisanal ice cream products. In 2023, the market was valued at approximately USD 29. 56 billion and is projected to reach USD 43. 1 billion by 2032, expanding at a CAGR of 4. 28%. Key factors fueling market growth include rising disposable incomes, changing consumer preferences, and the growing popularity of gourmet ice cream as a dessert and snack option. Moreover, increasing demand for healthier and natural ice cream alternatives is creating opportunities for manufacturers to innovate and cater to evolving consumer needs. Strategic partnerships, product launches, and mergers and acquisitions are among the notable trends shaping the competitive landscape of the Gourmet Ice Cream Market.
Gourmet Ice Cream Market Segmentation Insights
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Gourmet Ice Cream Market Flavor Outlook
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Vanilla
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Chocolate
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Strawberry
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Pistachio
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Green Tea
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Gourmet Ice Cream Market Packaging Outlook
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Single-serve
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Multi-serve
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Novelty
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Bulk
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Gourmet Ice Cream Market Distribution Channel Outlook
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Supermarkets and Hypermarkets
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Convenience Stores
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Online Retailers
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Ice Cream Parlors and Cafés
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Gourmet Ice Cream Market Usage Occasion Outlook
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Dessert
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Snack
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Gift
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Special Occasion
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Gourmet Ice Cream Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
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Report Attribute/Metric
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Details
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Market Size 2022
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28. 35(USD Billion)
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Market Size 2023
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29. 56(USD Billion)
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Market Size 2032
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43. 1(USD Billion)
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Compound Annual Growth Rate (CAGR)
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4. 28% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Jeni's Splendid Ice Creams, Danone, Graeter's, Van Leeuwen Ice Cream, General Mills, Ben Jerry's, Mars, Salt Straw, McConnell's Fine Ice Creams, Nestle, HaagenDazs, Unilever, Talenti, Cold Stone Creamery, BaskinRobbins
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Segments Covered
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Flavor, Packaging, Distribution Channel, Usage Occasion, Regional
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Key Market Opportunities
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Premiumization
Dairy-free Options
Artisanal Flavors
Health-conscious Indulgence
Gift giving Potential
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Key Market Dynamics
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Increased demand for premium products
Growing health consciousness
Rise of artisanal ice cream brands
Expansion of e-commerce platforms and Technological advancements
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Gourmet Ice Cream Market is projected to reach a valuation of USD 43. 1 billion by 2032, exhibiting a CAGR of 4. 28% from 2024 to 2032.
North America is the dominant regional market, accounting for over 40% of the market share.
Rising consumer demand for premium and indulgent ice cream products is a primary growth driver.
The foodservice segment is anticipated to grow at a robust pace, driven by the increasing popularity of gourmet ice cream in restaurants, cafes, and other foodservice establishments.
Major players include Unilever, Nestlé, and Danone, along with regional and local manufacturers.
Plant-based and vegan ice cream options are gaining traction, catering to dietary preferences and ethical concerns.
Strategic partnerships, product innovations, and mergers and acquisitions are anticipated to shape the competitive dynamics.
Fluctuating dairy prices and intense competition from mass-produced ice cream products pose challenges.
Expansion into emerging markets, product diversification, and collaborations with food delivery services present opportunities.
The market is expected to exhibit a CAGR of 4. 28% during the forecast period from 2024 to 2032.
