20 Ago North America Ice Cream Market to Grow at 3.8% CAGR by 2032| IMARC Group
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
According to the latest North America ice cream market report by IMARC Group, the market size reached USD 14.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 20.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032. The market is experiencing notable trends driven by changing consumer preferences and innovation.
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North America Ice Cream Industry Trends and Drivers:
- Shift Towards Healthier Options:
- Growing demand for low-fat, low-sugar, and plant-based ice creams, reflecting a broader health-conscious movement.
- Non-dairy segment is experiencing robust growth, catering to lactose-intolerant and vegan consumers.
- Artisanal and Premium Ice Creams:
- Increasing consumer preference for unique flavors and high-quality ingredients.
- Willingness to pay higher prices for premium products.
- Technological Advancements:
- Improved production and distribution techniques enhance product availability and shelf life.
- E-commerce and online delivery services provide convenient access to a wide range of ice cream products.
- Sustainable Packaging and Ethical Sourcing:
- Companies are investing in eco-friendly packaging to appeal to environmentally conscious consumers.
- Emphasis on ethical sourcing aligns with sustainability trends in the industry.
- Expansion of Retail Channels:
- Growth of online grocery platforms makes ice cream more accessible to consumers.
- In-store innovations like self-serve kiosks improve the shopping experience.
- Impact of COVID-19:
- The pandemic has accelerated the shift towards at-home consumption.
- Increased sales of take-home ice cream tubs and multi-packs.
- Strategic Marketing and Partnerships:
- Partnerships with food delivery services expand the reach of ice cream products.
- Seasonal and limited-edition flavors create a sense of novelty and exclusivity, attracting repeat purchases.
North America Ice Cream Industry Segmentation:
The report has segmented the market into the following categories:
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.
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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.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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