The global ice cream parlour market is on a growth trajectory, with a projected valuation of USD 92,401.1 million by 2034, up from USD 20,411.6 million in 2024. This represents a compound annual growth rate (CAGR) of 4.90% from 2024 to 2034. The increase in demand for premium and richly flavored ice creams is expected to be a primary driver of this growth.
Market Insights and Opportunities
The ice cream parlour market is experiencing robust expansion in regions such as North America, the Gulf Council Countries, China, and Japan, driven by consumers’ increasing preference for high-quality and diverse ice cream options. The growth of the manufacturing industry and improvements in production processes further fuel this trend. Additionally, growing consumer demand for environmentally friendly packaging options is poised to create lucrative opportunities in the market.
Trends Shaping the Market
- Premium and Flavored Ice Creams: There is a growing preference for high-quality ice creams, with a focus on rich, exotic, and diverse flavors. Ice cream is increasingly seen as a versatile treat, no longer merely an indulgence.
- Health-Conscious Options: With the rising demand for healthier food options, manufacturers are introducing ice creams with functional ingredients like probiotics, prebiotics, and antioxidants to meet consumer needs for nutritious and tasty alternatives.
- Expansion of Distribution Channels: The introduction of eCommerce and new distribution models has made it easier for consumers to discover a wide array of ice cream brands and flavors, boosting market growth.
Segment Analysis
- Traditional Ice Creams: Dominating the market, the traditional ice cream segment is expected to hold 72.50% of the market share in 2024. These ice creams, made from milk, cream, sugar, and flavorings, remain popular due to their familiar taste and texture.
- Independent Parlours: The independent ice cream parlour segment is projected to account for 42.40% of the market in 2024. These parlours often offer personalized service and unique flavor combinations, which have made them increasingly popular among consumers seeking high-quality, handmade ice cream.
Regional Insights
- United States: With a CAGR of 2.70%, the U.S. market continues to drive demand for premium ice creams and natural ingredients. The growth is fueled by an increase in fast-food restaurants and the widespread preference for high-quality frozen dairy products.
- India: A high CAGR of 7.10% is expected in India, where changing lifestyles and an expanding middle class are boosting demand for premium ice creams. Innovation in flavors and ingredients will continue to create significant opportunities for manufacturers.
- Germany: Germany’s ice cream market is growing due to factors such as increased disposable income, urbanization, and a shift towards premium ice cream offerings. The market is expected to grow at a CAGR of 4.20% through 2034.
- China: China, with a CAGR of 6.60%, is experiencing a boom in premium ice cream demand due to changing eating habits and an increasingly diverse palate.
Key Players in the Ice Cream Parlour Market
- Baskin-Robbins
- Häagen-Dazs
- D.Q. Corp.
- Ben & Jerry’s Homemade, Inc.
- Amorino
- Ghirardelli Chocolate Company
- Marble Slab Creamery
- Cream Stone
- Cold Stone Creamery (Kahala Franchising, LLC.).
- Marble Slab Creamer
- Natural Ice Creams
Recent Developments in the Ice Cream Parlour Market
- In 2023, Sunny Honey Home is a new flavor created by Ben & Jerry’s in collaboration with The Entrepreneur Refugee Network (TERN). This one-of-a-kind mix was created to generate revenue and promote the economic aims of refugees in the United Kingdom.
- In 2023, Cold Stone Creamery and Reese collaborated to create Reese-inspired ice creams such as Reese’s Take 5 peanut butter ice cream and Reese’s Peanut Butter Cup ice cream. Furthermore, the company introduced marshmallow-flavored ice cream.
- In 2023, Baskin-Robbins reopened its outlet in Bay City, Michigan. The store closed in December 2022 and was looking for new owners. Since its reopening, the business has seen massive growth and customer demand.
- In 2022, Amorino introduced three organic sorbet flavours: tangerine acerola, blueberry açai, and blood orange ginger.
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Key Segments in the Ice Cream Parlour Market
By Type:
- Independent
- Branded/Franchise
By Product Type:
- Artisanal
- Traditional
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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