Europe Ice Cream Market Insights Forecasts to 2033
- The Europe Ice Cream Market Size was valued at USD 28,070 Million in 2023
- The Market Size is Growing at a CAGR of 3.04% from 2023 to 2033.
- The Europe Ice Cream Market Size is Expected to Reach USD 37,870 Million by 2033.
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The Europe Ice Cream Market size is expected to reach USD 37,870 Million by 2033, at a CAGR of 3.04% during the forecast period 2023 to 2033.
Ice cream is a sweetened, solidified food that is typically consumed as a snack or dessert. It's starting to be made with dairy drain or cream and flavored with a sweetener, either sugar or a substitute, and any zest, such as cocoa or vanilla. It can also be made by combining a flavored cream base with fluid nitrogen. Colorings are typically included, as are stabilizers. The blend is mixed to incorporate discussed spaces and cooled below the softening point of water to prevent recognizable ice gems from forming. The end result is a smooth, semi-solid froth that is strong at extremely low temperatures (below 2 °C or 35 °F). It becomes more pliable as the temperature increases. In addition, from being a delicious treat, ice cream has become an important part of the food industry, with numerous ice cream parlors, brands, and franchises. It has even sparked creative ideas such as ice cream sandwiches, sundaes, and ice cream cakes. Furthermore, Europe's stable and growing economy, combined with rising disposable income levels, has led to increased consumer spending on indulgent treats such as ice cream. People with more disposable income are more willing to spend on premium and higher-priced ice cream products, which boosts the Europe ice cream market growth during forecast period.
This research report categorizes the market for the Europe ice cream market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe ice cream market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe ice cream market.
Europe Ice Cream Market Report Coverage
|Market Size in 2023:
|USD 28,070 Million
|Forecast Period 2023-2033 CAGR:
|2033 Value Projection:
|USD 37,870 Million
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Flavor, By Category, By Product, By Distribution Channel, By Region and COVID-19 Impact Analysis.
|Unilever PLC, Nestlé S.A., General Mills, Inc., Mars, Incorporated, Wells Enterprises, Inc. (Halo Top), Mondelez International, Inc., Lotte Corporation, Lotus Bakeries Corporate, Inspire Brands Inc., Jude's and Other Key Vendors.
|Pitfalls & Challenges:
|COVID-19 Empact, Challenge, Future, Growth, & Analysis
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The ever-changing consumer preferences and tastes are a major driver of the ice cream market in Europe. Consumers want innovative and unique flavors, healthier options, and indulgent experiences, so ice cream manufacturers must constantly innovate and cater to these needs. The trend has resulted in the rise of small-batch producers and premium ice cream brands that provide unique and high-quality products. In addition, from that, the expansion of retail and distribution channels throughout Europe has significantly boosted the ice cream market. Furthermore, while indulgence continues to be a driving factor, health and wellness trends have had a positive effect on the European ice cream market. Furthermore, the growing tourism industry in Europe contributes to the ice cream market. Tourists frequently seek out local and traditional ice cream experiences, which boosts the sales of ice cream shops and artisanal producers in popular tourist destinations.
The health concerns associated with ice creams hamper the Europe ice cream market growth. Ice cream is a frozen dairy product that will spoil in a limited time (usually 2-3 months), but if not stored properly, it can spoil in just a few days. When a product is stored in a stale environment, it develops a foul odor and microorganisms. It can also detect volatile flavors from the storage environment, such as paint or ammonia. As such, the product's high storage cost is projected to hamper market growth.
- In 2023, the chocolate segment accounted for the largest revenue share over the forecast period.
Based on flavor, the Europe ice cream market is segmented into vanilla, chocolate, fruit, and others. Among these, the chocolate segment has the largest revenue share over the forecast period. Chocolate ice cream, with its rich and indulgent flavor, commands a large share of the market. It satisfies the cravings of chocolate lovers in Europe. Dark chocolate, milk chocolate, and white chocolate variations offer variety in this segment, appealing to a wide audience. Chocolate ice cream is evolving to meet specific tastes. For instance, dark chocolate ice cream has grown in popularity among customers looking for a stronger cocoa flavor with potential health benefits. Furthermore, there is a trend toward incorporating premium chocolate sources, such as single-origin cocoa, into gourmet chocolate ice cream flavors.
- In 2023, the impulse ice cream segment is witnessing largest growth over the forecast period.
Based on category, the Europe ice cream market is segmented into impulse ice cream, take-home ice cream, artisanal ice cream. Among these, the impulse ice cream segment is witnessing largest growth over the forecast period. Impulse ice cream, also referred to as on-the-go or single-serve ice cream, is designed for spontaneous purchases and immediate consumption. These products are commonly sold in convenience stores, ice cream trucks, and kiosks, making them easily accessible to consumers looking for a quick snack. Ice cream cones, bars, and novelty items are common ingredients in impulse ice cream. Convenience, affordability, and a diverse range of flavor options are the primary drivers of the impulse ice cream segment. Consumers frequently choose these products because they are portable and provide instant gratification.
- In 2023, the cup segment is witnessing significant growth over the forecast period.
Based on product, the Europe ice cream market is segmented into cup, stick, cone, brick, tub, and others. Among these, the cup segment is witnessing significant growth over the forecast period. Cup ice cream is a popular and convenient choice for consumers. It is typically sold in single-serving containers, allowing customers to enjoy their favorite flavors without the need for additional serving utensils. Cup ice cream is popular among on-the-go consumers who value portability and portion control. Companies have capitalized on this segment by providing a diverse range of flavors, including classic options and innovative combinations. Furthermore, single-serving cups allow for simple customization, such as adding mix-ins or toppings. Cup ice cream has also grown in the premium and artisanal segments, with brands focusing on high-quality ingredients and distinctive flavor profiles.
- In 2023, the supermarkets/hypermarkets segment is witnessing significant growth over the forecast period.
Based on distribution channel, the Europe ice cream market is segmented into supermarkets/hypermarkets, convenience stores, ice cream parlors, and online stores, and others. Among these, the supermarkets/hypermarkets segment is witnessing significant growth over the forecast period. They have a large selection of ice cream brands, flavors, and formats in their frozen food section. Consumers value the convenience of shopping for ice cream alongside their regular grocery shopping. Supermarkets frequently run promotions and discounts to attract budget-conscious customers. Effective packaging, branding, and promotional strategies are essential for standing out on supermarket shelves. Supermarkets make significant contributions to ice cream sales. These larger retail outlets offer even more extensive product selections and frequently have separate sections for frozen desserts. Hypermarkets provide a one-stop shopping experience, making it easy to buy ice cream alongside other groceries and household items. Ice cream manufacturers can benefit from bulk sales opportunities in hypermarkets. Marketing efforts, such as in-store displays and promotions, are essential for attracting customers in these large retail spaces.
- Germany is projected to have the largest share of the Europe ice cream market over the forecast period.
Based on region, the Germany is projected to have the largest share of the Europe ice cream market over the forecast period. Germany is a mature ice cream market with a strong tradition of enjoying frozen treats. The region has a diverse range of artisanal and premium ice cream brands. Consumer preferences in German frequently favor classic flavors and high-quality ingredients. Health-conscious consumers are driving up demand for healthier and organic ice cream options. Food regulatory standards are stringent, promoting product safety and quality. Furthermore, seasonal variations are significant in Germany, with sales peaking in the summer months. German consumers are open to new packaging and flavor options.
The report offers the appropriate analysis of the key organizations/companies involved within the Europe ice cream market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Unilever PLC
- Nestlé S.A.
- General Mills, Inc.
- Mars, Incorporated
- Wells Enterprises, Inc. (Halo Top)
- Mondelez International, Inc.
- Lotte Corporation
- Lotus Bakeries Corporate
- Inspire Brands Inc.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In January 2022, Unilever's Magnum brand has launched a vegan line of bite-sized ice creams. These ice creams are made with pea protein, catering to consumers' vegan preferences.
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Europe ice cream market based on the below-mentioned segments:
Europe Ice Cream Market, By Flavor
Europe Ice Cream Market, By Category
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Europe Ice Cream Market, By Product
Europe Ice Cream Market, By Distribution Channel
- Convenience Stores
- Ice Cream Parlors
- Online Stores
Europe Ice Cream Market, By Region
- Rest of Europe
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