Global Artisanal Ice Cream Market, By Flavour (Chocolate, Vanilla, Fruit & Nuts, and Others), by Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online Channel, and Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) is estimated to be valued at US$ 68.34 Bn in 2023 and is expected to exhibit a compound annual growth rate (CAGR) of 4.6% during the forecast period (2024 – 2031), as highlighted in a new report published by Coherent Market Insights.
Artisan ice cream is considered a luxury and a premium frozen dessert. Increasing urbanization, changing food habits, and rising disposable income, especially in emerging economies are major factors driving growth of the global artisan ice cream market during the forecast period.
Global Artisanal Ice Cream Market - Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly and had a serious negative impact on the economies, social behaviours, and healthcare of every country in the world.
The COVID-19 pandemic had a significant impact on the artisanal ice cream market, with lockdowns, restrictions on dine-in services, and reduced foot traffic in tourist areas leading to a decline in sales for many small, local ice cream shops. However, some artisanal brands adapted by offering delivery and takeout options, leveraging e-commerce, and promoting their products through social media.
Recent Developments
- In February 2021, Van Leeuwen Ice Cream launched Van Leeuwen bars, a line of indulgent dairy and vegan treats inspired by classic favorites. The line includes three dairy flavors and three vegan flavors. Van Leeuwen Ice Cream is an American ice cream company that was founded in New York City in 2008. It started as a food truck and has since grown into a chain of ice cream parlors and scoop shops.
Browse 24 Market Data Tables and 28 Figures spread through 150 Pages and in-depth TOC on “Global Artisanal Ice Cream Market”- Forecast to 2031, Global Artisanal Ice Cream Market, By Flavour (Chocolate, Vanilla, Fruit & Nuts, and Others), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online Channel, and Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Link - https://www.coherentmarketinsights.com/market-insight/artisanal-ice-cream-market-2967
Key Takeaways of the Market
- The global artisanal ice cream market was valued at US$ 68.34 Bn in 2023 and is forecast to reach a value of US$ 93.62 Bn by 2031, exhibiting a CAGR of 60% between 2024 and 2031
- Major players operating in this market include Unilever, Van Leeuwen, Nestlé S.A., Bi-Rite Creamery, Carmela Ice Cream Co., Gracie's Ice Cream, Boho Gelato, High Road Craft Brands, True & 12 Handmade Ice Cream, and Fiasco Gelato Cafes Ltd.
- Key players operating in this market are focusing on various strategies such as mergers & acquisitions in order to strengthen their market presence and expand their product portfolio
