At 3.8% CAGR, the North America Ice Cream Market is projected to be worth US$ 36,434.78 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America ice cream market was valued at US$ 29,123.72 million in 2022 and is expected to reach US$ 36,434.78 million by 2028, registering an annual growth rate of 3.8% from 2022 to 2028. High demand for frozen desserts and innovative flavors and loaded indulgence are the critical factors attributed to the market expansion.
𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗚𝘂𝗶𝗱𝗲@https://www.businessmarketinsights.com/sample/BMIRE00027000
Over the past few years, the lifestyles of people have evolved drastically. Changes in consumer food taste and convenience are the major reasons for the increasing demand for frozen dessert products across the region. Moreover, increasing disposable income and the introduction of various products in the dessert category to cater to the choices of a vast group of consumers are driving the ice cream market. The surge in the consumption of high-quality frozen desserts is one of the biggest trends in the food industry. The growing trend of consuming frozen desserts after a meal as an effective digestive product is boosting the demand for frozen desserts. The development and popularity of these frozen desserts are ascribed to many social changes, such as the growing number of smaller households and the rising millennial population across the region. These factors are significantly increasing consumers’ demand for frozen desserts, such as ice cream. The increasing number of product launches in the frozen dessert segment, such as custard, yogurt, gelato, granita, ice cream, and sherbet, are driving the ice cream market. Further, several initiatives such as mergers & acquisitions and product launches by various manufacturing companies are contributing to the increasing demand for frozen desserts. The product development, a high level of disposable income, and the presence of various frozen dessert flavors are boosting the growth of ice cream market across the region.
n the contrary, health problems associated with ice cream hurdles the growth of North America ice cream market.
Based on flavor, the North America ice cream market is segmented into vanilla, chocolate, fruit, and others. The chocolate segment held 31.4% market share in 2022, amassing US$ 9,150.09 million. It is projected to garner US$ 11,726.11 million by 2028 to expand at 4.2% CAGR during 2022–2028.
Based on category, the North America ice cream market is segmented into conventional and sugar free. The conventional segment held 90.2% market share in 2022, amassing US$ 26,274.41 million. It is projected to garner US$ 32,810.04 million by 2028 to expand at 3.8% CAGR during 2022–2028.
Based on form, the North America ice cream market is segmented into cups & tubs, bars & sticks, and others. The cups & tubs segment held 57.5% market share in 2022, amassing US$ 16,740.69 million. It is projected to garner US$ 20,619.81 million by 2028 to expand at 3.5% CAGR during 2022–2028.
Based on distribution channel, the North America ice cream market is segmented into supermarkets and hypermarkets, specialty store, online retail, and others. The supermarkets and hypermarkets segment held 59.7% market share in 2022, amassing US$ 17,387.30 million. It is projected to garner US$ 21,559.40 million by 2028 to expand at 3.6% CAGR during 2022–2028.
Based on country, the North America ice cream market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 72.6% market share in 2022. It was assessed at US$ 21,135.39 million in 2022 and is likely to hit US$ 26,240.25 million by 2028, exhibiting a CAGR of 3.7% during the forecast period.
North America Ice Cream Strategic Insights
Strategic insights for the North America Ice Cream provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market
North America Ice Cream Report Scope
Report Attribute
Details
Market Size (2022)
US$ 29,123.72 Million
Market Size (2028)
US$ 36,434.78 Million
CAGR (2022–2028)
3.8%
Historical Data
2020–2021
Forecast Period
2023–2028
Segments Covered
Flavor, Category, Form, Distribution Channel
Flavors
Vanilla, Chocolate, Fruit
Categories
Conventional, Sugar Free
Forms
Cups and Tubs, Bars and Sticks
Distribution Channels
Supermarkets & Hypermarkets, Specialty Stores, Online Retail
Regions Covered
North America (US, Canada, Mexico)
Key Companies
Blue Bell, Nestlé, Unilever, Mars, General Mills, and others
North America Ice Cream Regional Insights
The geographic scope of the North America Ice Cream refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Ice Cream Market Segmentation
The North America ice cream market is segmented on the basis of flavor, category, form, distribution channel, and country. Based on flavor, the market is segmented into vanilla, chocolate, fruit, and others. The chocolate segment dominated the market in 2022 and is expected to register the highest CAGR during the forecast period. Based on category, the market is bifurcated into conventional and sugar free. The conventional segment dominated the market in 2022, whereas the sugar free segment is expected to register a higher CAGR during the forecast period. Based on form, the North America ice cream market is segmented into cups & tubs, bars & sticks, and others. The cups & tubs segment dominated the market in 2022. However, the bars & sticks segment is expected to register the highest CAGR during the forecast period. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty store, online retail, and others. The supermarkets and hypermarkets segment dominated the market in 2022, whereas the online retail segment is expected to register the highest CAGR during the forecast period. Based on country, the North America ice cream market is segmented into the US, Canada, and Mexico.
Blue Bell Creameries; Dairy Farmers of America, Inc.; General Mills Inc.; Inspire Brands, Inc.; Lotte Confectionery Co., Ltd.; Mars, Incorporated; Nestlé S.A.; Turkey Hill Dairy; Unilever; and Wells Enterprises are among the leading companies in the North America ice cream market
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Défense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights