09 Sep North America Ice Cream Market Expected to Rise at 3.8% CAGR During 2024-2032
North America Ice Cream Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 3.8% (2024-2032)
Market Size in 2023: USD 14.8 Billion
Market Forecast in 2032: USD 20.9 Billion
The North America ice cream market is experiencing steady growth, driven by shifting consumer preferences and evolving lifestyle trends. According to the latest report by IMARC Group, the market size reached US$ 14.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/north-america-ice-cream-market/requestsample
North America Ice Cream Industry Trends and Drivers:
Rising Demand for Premium and Artisanal Ice Cream
- The demand for premium and artisanal ice cream is driving market growth, especially in urban areas.
- Major cities like New York, Los Angeles, and Toronto are seeing an increase in boutique ice cream shops and specialized brands.
- Consumers are seeking unique flavors and high-quality ingredients in their ice cream choices.
Growth of Plant-Based and Dairy-Free Alternatives
- The popularity of plant-based diets is boosting demand for dairy-free ice cream alternatives.
- Manufacturers are innovating to meet the growing demand for these products, contributing to overall market expansion.
Health and Wellness Trends Shaping the Market
- Health-conscious consumers are influencing ice cream trends, with a preference for low-calorie, low-sugar, and protein-enriched varieties.
- The shift toward healthier options is driven by a growing awareness of nutrition and the desire for indulgent treats that align with dietary goals.
Sustainability Initiatives in the Ice Cream Industry
- Consumers and companies are focusing more on sustainability, from sourcing ingredients to packaging solutions.
- There is a rising demand for ice cream made with ethically sourced, organic, and non-GMO ingredients.
- Manufacturers are adopting eco-friendly practices and offering products in biodegradable or recyclable packaging to reduce environmental impact.
- Regulatory pressures to reduce waste and carbon footprints are also driving this shift toward sustainability.
Technological Advancements in Production and Distribution
- Technological innovations are key factors in the ice cream market’s growth.
- The rise of e-commerce and direct-to-consumer models has expanded the reach of premium and niche brands, enabling them to reach a broader audience.
- This has created a more competitive market, encouraging innovation and diversification among both established brands and new entrants.
COVID-19 Impact on Consumer Behavior
- The COVID-19 pandemic has influenced consumer behavior, with a rise in at-home indulgence driving demand for ice cream.
- Consumers are seeking products that provide comfort and luxury, further fueling the growth of the ice cream market.
North America Ice Cream Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest North America ice cream market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
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
Breakup by Country:
- United States
- Canada
- Mexico
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=1524&flag=C
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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