Global Ice Cream Market Set for Robust Growth with 14.3% CAGR through 2028
Source: DairyNews.today
Research and Markets has introduced the “Ice Cream Global Industry Guide 2019-2028,” projecting a dynamic expansion in the ice cream market with a 14.3% compound annual growth rate (CAGR) anticipated from 2023 to 2028. By the end of this period, the market’s value is expected to reach $155.14 billion.
The report provides a comprehensive overview, detailing both qualitative and quantitative aspects, including market size, share, and volume, with historical data from 2019 to 2023 and forecasts extending to 2028. It also highlights the competitive landscape, presenting insights on key industry players and their financial performance.
Key Market Insights:
- The global ice cream market is categorized into artisanal (both dairy and water-based), impulse (single-serve tubs, cones, sandwiches, and chocolate-coated), and take-home ice cream (multi-serve tubs, cakes).
- Valued at $79.46 billion in 2023, the ice cream market witnessed a CAGR of 7% from 2018 to 2023.
- Consumption volume grew at a CAGR of 2.3% over the same period, reaching 12.66 billion kilograms in 2023.
