USD 60.9 billion
Report ID:
SQMIG30I2091 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|Tables:
91
|Figures:
76
Artisanal Ice Cream Market size was valued at USD 63.6 Billion in 2023 and is poised to grow from USD 66.27 Billion in 2024 to USD 99.82 Billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).
Artisanal ice creams are becoming increasingly popular as they are produced with natural ingredients. These traditional ice cream products are free of emulsifiers, stabilizers, preservatives, and artificial flavors. The artisans are catering to consumer demands by incorporating nutritional sources such as dry fruits, fruits, and other products. As consumers are seeking organic ice creams to adhere to their healthy lifestyles, artisanal ice creams are gaining wide acceptance.
Society is shifting towards a holistic lifestyle approach and adopting healthier alternatives to lead a conscious life. Therefore, sugar-free artisan ice creams are highly sought after dessert for consumers. Additionally, businesses are offering artisanal ice cream in flavours that incorporate a range of veggies.
They are increasingly being placed in speciality stores, hypermarkets, supermarkets, and online platforms. Department stores and convenience stores are examples of other distribution channels. Due to growing internet and mobile phone usage around the world, it is anticipated that the online channel would expand more quickly during the projection period.
US Artisanal Ice Cream Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 60.9 billion
Largest Segment
Vanilla
Fastest Growth
Vanilla
Growth Rate
4.2% CAGR
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The global artisanal ice cream market is segmented based on type, flavour, distribution channel and region. Based on type Artisanal Ice Cream Market is segmented into lactose-free, conventional. Based on flavour Artisanal Ice Cream Market is segmented into: chocolate, vanilla, fruit & nuts, others. Based on distribution channel Artisanal Ice Cream Market is bifurcated into convenience stores, specialty stores, hypermarket & supermarket, others. Based on region, Artisanal Ice Cream Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Artisanal Ice Cream Market Analysis by Distribution Channel
Specialty retailers held more than 38% of the distribution market in 2021, making them the largest sector. They occupy the biggest space for artisan ice cream since they are the highest quality and offer premium taste and pricing. The popularity of specialty store ice cream among consumers has increased as a result of their trust in and confidence in the quality of natural and safe products. Significant consumption of nutritious ice cream and the expanding popularity of vegan, organic, and gluten-free goods are additional key factors. Because speciality stores offer high-quality products, customers are buying them there more frequently. They also give customers the option to choose from a range of product types because of the big shelf space. This market is expanding as a result of these businesses also providing discounted prices on high-end goods. Companies actively pursue a significant strategy that involves the expansion of retail chains in underdeveloped areas. Additionally, the increasing brand value of particular businesses may also be responsible for the sales rise of some speciality retailers.
The fastest-growing channel is hypermarket and supermarket, with a CAGR of 7.5% from 2021 to 2028. The general public's growing consumption of luxury ice cream has enhanced the goods' prominence in hypermarkets and supermarkets. Additionally, consumers' increasingly work-centric lifestyles have led to one-time grocery store purchases, which has fueled the expansion of these channels. For the convenience of customers, well-known brands place their goods on the shelves of supermarkets or hypermarkets.
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In 2021, North America was the largest market, contributing 41% of worldwide sales as a result of a growing health consciousness among the populace. A sizeable portion of people are choosing artisanal ice cream that is organic or vegan due to the rising prevalence of diseases like food intolerance and diabetes. A rise in the number of health-conscious consumers in the area has led to a rise in the consumption of natural and organic ice cream. Consumers' growing knowledge of sugar and artificial tastes is a major driver of market demand. Furthermore, when buying healthy food goods, people pay close attention to packaging aspects.
In the upcoming years, Asia Pacific is expected to have significant development as a result of rising ice cream consumption as a preferred dessert. It is projected that factors including population growth, urbanisation, and increased disposable income in nations like China, India, and Thailand will have a significant impact on the industry's size. Many artisans are entering the market in this region, thus bolstering consumption of these products.
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Artisanal Ice Cream Market Driver
Rising Health Concerns will Influence Consumers to Choose Healthier Alternatives
Artisanal Ice Cream Market Restraint
Lactose Intolerance to Hinder Market Growth
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The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our artisanal ice cream market reports, some of the leading quality artisanal ice cream manufacturers are as follows: Bi-Rite (US), Salt and Straw (US), Gelato & Co (Italy), Jeni's Splendid Ice Creams LLC. (US), Lackey's Artisan Ice Cream (US), Blue Bell Creameries (US), Mellow Ice Creams (US), The Saffron Ice Cream Company (UK), Graeter’s Inc. (US), ROGUE ICE CREAM (UK), Gelato & Latte Este (Bulgaria).
Top Players in the Global Artisanal Ice Cream Market
Artisanal Ice Cream Market Recent Developments
Addition of Novel Products in the Market will Attract More Consumers
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global artisan ice cream market is expected to expand in the coming years as consumer preference is shifting and evolving. As they move towards a healthy lifestyle, the demand for healthier products and more flavors will rise. Players in the market can capitalize by investing in R&D and launching new flavors in the market. Curating options for intolerant consumers can also provide advantages over other competitors.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 60.9 billion |
Market size value in 2031 | USD 95.8 billion |
Growth Rate | 4.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Artisanal Ice Cream Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Artisanal Ice Cream Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Artisanal Ice Cream Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Artisanal Ice Cream Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Artisanal Ice Cream Market size was valued at USD 60.9 billion in 2019 and is poised to grow from USD 63.6 billion in 2023 to USD 95.8 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
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Report ID: SQMIG30I2091
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