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ARTISANAL ICE CREAM MARKET ANALYSIS

Artisanal Ice Cream Market, By Flavour (Chocolate, Vanilla, Fruit & Nuts, and Others), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online Channel, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Feb 2024
  • Code : CMI2967
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Artisanal Ice Cream MarketSize and Trends

The global artisanal ice cream market size is expected to reach US$ 93.62 Bn by 2031, from US$ 68.34 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period (2024-2031).

Artisanal ice cream is largely made of organic ingredients and does not include chemicals. Rising health consciousness among the population is driving growth of this market. Companies around the world are focusing on offering low sugar or sugar-free artisanal ice cream for diabetic patients. Furthermore, companies are providing healthy flavors in artisanal ice cream, which include a variety of vegetables. These factors are expected to increase the demand for artisanal ice creams over the forecast period.

Market Trends:

  • Rising health consciousness and preference for ingredients with low sugar content: Many ice cream shops are introducing low-sugar or sugar-free varieties made with natural sweeteners like maple syrup, honey, or fruit purees instead of conventional sugar. For example, a survey done by the International Dairy Foods Association in 2021 of over 5,000 U.S. households found that nearly 70% said they preferred ice cream brands that use minimal natural sweeteners rather than plain sugar. This shows customers are willing to experiment with new Flavour profiles that fit their health goals. Larger chains are also capturing this market by acquiring or partnering with boutique brands known for high-quality, fresh ingredients. The low-sugar trend is giving a boost to lesser-known fruits commonly featured in artisanal ice creams. According to the United Nations Food and Agriculture Organization's 2020 data, sales of berries, stone fruits, and tropical varieties grew significantly in developed nations as consumers sought new ways to enjoy creamy desserts with less sugar impact. Flavors spotlighting seasonal, nutritious local fruits allow artisanal shops to charge a premium for unique options aligned with consumer values of health, freshness, and supporting small producers.
  • Increase in artisanal ice cream cafes and parlours: The growing popularity of artisanal ice cream cafes among both consumers and businesses is directly fuelling growth in the global market. Specialty shops require unique, small-batch recipes versus mass-produced generics. According to Dairy Foods magazine's 2020 Sweets & Snacks Expo survey, 53% of ice cream manufacturers have introduced artisanal or specialty flavors in the past year to meet this consumer demand. Small dairy farms in Europe and North America are also experiencing increased interest in procuring milk specifically for artisanal ice creams. For example, Ireland’s The Aran Group, which produces milk for companies like Eli's Cheesecake, witnessed a 42% spike in orders in 2021 for niche ice cream makers compared to 2020. In conclusion, the expansion of artisanal ice cream cafes worldwide has significantly boosted the global market by creating demand for higher quality, small-batch products over generic items. It has also shifted consumer preferences towards experiencing ice cream in an atmospheric setting rather than just purchasing pints to consume at home.

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