North America Ice Cream Market: Industry Analysis and Forecast (2024-2030)

North America Ice Cream Market Definition:

Ice cream is a frozen dessert made by adding sweeteners and various flavours to ingredients such as milk and milk other than dairy products. The market ranges from simple vanilla to everyone's favourite chocolates, hybrid ice creams such as mint and chocolate chips, buttered pecan nuts, cookies, and creams. Further, the North America Ice Cream market is segmented by product type, distribution channel, and geography. On the basis of product type, the North America Ice Cream market is segmented under Type, Flavour, Distribution Channel, and geography. On the basis of type, the Ice Cream market is segmented under impulse ice cream, take-home ice cream, and artisanal ice cream. Based on the flavour, the Ice Cream market is segmented under vanilla, chocolate, fruit, and others. Based on the Distribution Channel, the Ice Cream market is segmented under the channels Online, supermarkets, convenience stores, and specialty stores. By geography, the market covers the major countries in North America i.e., the US, Canada, and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

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North America Ice Cream COVID 19 Insights:

Consumers in North America avoided ice creams as the fear of COVID-19 and supply chain disruptions affected ice cream sales. In addition, the decrease in consumption is mainly due to compliance with the movement restriction standards, which has led to the closure of retail stores and vending machines and the decrease in consumption. Takeaway ice cream showed a sharp drop of about 30% during the pandemic. Meanwhile, increased time spent at home and restricted blockades have changed customer trends towards online platforms, increasing e-commerce growth by about 49%.

 

North America Ice Cream Market Dynamics:

Demand for premium ice cream increased in the region, driving the market growth. Some of these premium ice creams are gaining popularity among health-conscious consumers due to their low calorie / sugar-free claims compared to regular ice cream. In 2020, Nestlé SA has added a new ice cream collection called Haven. It has half the fat, one-third the calories, and 25% less sugar than regular ice cream.

 

Health concerns are growing in the region. As a result, consumers in the region prefer non-GMO, preservative-free, dairy-free, low-calorie, organic, and fat-free ice cream products. This segment recorded the largest sales in the US market due to its large availability and relatively high price of takeaway ice cream. These ice creams are also receiving a lot of attention from retail consumers due to the value packs they offer.

 

Ice cream makers use premium and innovative ingredients to create their products in order to gain a competitive advantage and appeal to North American consumers. This factor  also increases their customer base. Increasing consumer demand for genuine ingredients and natural flavors has forced companies to develop new products. As the  number of vegans increases in North America, the need for dairy-free products and dairy-free ice cream increases.

 

Ice cream products require high storage costs and logistics to maintain the required temperature of the product. The storage location must maintain a very low freezing temperature, which requires high energy consumption. These factors are also expected to slow market growth.

 

North America Ice Cream Market Segment Analysis:

By Type, based on the type the market is segmented to impulse ice cream, take-home ice cream, and artisanal ice cream. The Impulse segment has a dominant ice cream market share. This category includes cones, popsicles, cups, ice cream bars and sticks. Crafts are the fastest growing category and are expected to reach US $ 25,340 million by 2030. The availability of a wide variety of products explains the growth of the market. Increasing demand for handmade ice cream made with high quality ingredients is also an important factor.

 

By Flavours:  based on the flavour the market is segmented into vanilla, chocolate, fruit, and others. Vanilla is the most popular flavor among customers. Since, consumers are very attached to traditional flavors and are not ready to choose new, unprecedented, often unfamiliar, and innovative flavors of their products. Vanilla ice cream is a traditional ice cream that people of all ages enjoy.

 

 

By Distribution Channel: based on the distribution channel the market is segmented into supermarkets, specialty stores, convenience stores, and online stores. The supermarkets sector will have the largest revenue share of more than 74.4% in 2023 and is expected to remain in control during the forecast period. As consumers' interest in new flavours grows, the brand offers a wide range of products in retail stores, including Sundays, fudges, bars, popsicles, and fusions that combine two or more flavours. The growing popularity of Sunday, the diverse selection of flavours, and the availability of a wide variety of products at retail stores are expected to drive sales through this channel.

 

North America Ice Cream Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the europemarket, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the North America Ice Cream market to the stakeholders in the industry. The report provides trends that are most dominant in the North America Ice Cream market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America Ice Cream Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the North America Ice Cream market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the North America Ice Cream market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America Ice Cream market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the North America Ice Cream market. The report also analyses if the North America Ice Cream market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the North America Ice Cream market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Ice Cream market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Ice Cream market is aided by legal factors.

 

North America Ice Cream Market Scope:

North America Ice Cream Market
Market Size in 2023	USD 23.62 Bn.
Market Size in 2030	USD 33.69 Bn.
CAGR (2024-2030)	5.2%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Impulse Ice cream Take-home Ice cream Artisanal Ice cream
	By Flavour Vanilla Chocolate Fruit Others
	By Distribution Channel Supermarket Convenience stores Specialty stores Online stores
Country Scope	United States Canada Mexico

 

North America Ice Cream Market Key Players: 

• General Mills Inc (US)
• Mars (US)
• Blue Bell Creameries (US)
• Wells Dairy Inc (US)
• Turkey Hill (US)
• Buskin Robbins (US)
• Haagen Dazs (US)
• Blue Bunny (US)