Ice cream, prepared from cream/butterfat, sugar, and milk, is one of the most popular frozen dairy products in the United States. It's vital in carbs, calcium, phosphorus, and vitamins A, C, D, E, K, B-6, and B-12, and it's a good source of energy. It aids in the consumer's de-stressing and delivers a relaxing effect. As a result, in the United States, ice cream is considered the most popular dessert and comfort food in homes, bakeries, restaurants, hotels, and other establishments. According to the publisher, the United States Ice Cream Market will be US$ 15.8 Billion by 2027.
Based on Product
The market is divided into artisanal, impulse and take-home. In industrialized nations such as Western Europe and United States, Take-home products are trendy. Packaging innovations also contribute to the increased demand for take-home products, as these new packs are more accessible to transport and store than older ones. Our study suggests that USA Ice Cream Industry will grow with a CAGR of 2.49% during 2020-2027.
One of the primary factors driving market expansion in the region has been increased demand for luxury ice creams. Due to the availability of reduced-calorie/no sugar claims compared to conventional ice creams, a few of those premium ice creams have gained favour among health-conscious consumers. Ben & Jerry's introduced ice cream with 60-70 percent less fat and 35 percent fewer calories than its competitors in 2018. The decline in the US Ice cream market consumption is primarily due to adherence to mandated mobility restriction standards, which has resulted in the closure of retail outlets, vending carts, and other similar establishments, resulting in a drop in consumption.
Ice cream manufacturers develop products with premium and novel ingredients to acquire a competitive advantage and appeal to a broader audience. As a result, their customer base grows as well. Furthermore, the advantageous regulations take into account the market's advances. In May 2019, for example, the FDA held a public hearing on cannabidiol legalisation in the United States. As a result, significant businesses are seizing the chance to differentiate their offerings by releasing new items. One such example is the debut of CBD-infused ice cream by Ben & Jerry's. As per this report, United States Ice cream Market Size was valued at US$ 13.3 Billion in 2020.
Covid Impact on United States Ice Cream Trend
The COVID-19 pandemic has had a huge impact on customers eating habits. Lockdowns and restaurant closures have contributed to meals cooked at home. Due to coronovirus there was supply chain disruptions that impacted the ice cream sales.USA Ice cream industry faced a complete washout last year. Also, fear of COVID-19 caused lot of consumers in the North American region to shun ice creams.
The publisher new report “United States Ice Cream Market, Forecast by flavor (Vanilla, Chocolate, Fruit, Others) Category (Impulse Ice Cream, Artisanal, Take Home-ray) Distribution Channel (Convenience Store, Specialty Stores, Hyper Market /Super Market, Others) Packaging (Cup, Stick, Cone, Brick, Tub, Others) Company (General Mills, Hain Celestial Group, Unilever, Nestle); provides the comprehensive details on the United States Ice Cream Industry.
Flavor - Market breakup from 4 viewpoints
1. Vanilla
2. Chocolate
3. Fruit
4. Others
Category - Market breakup from 3 viewpoints
1. Impulse Ice Cream
2. Artisanal
3. Take Home-ray
Distribution Channel - Market breakup from 4 viewpoints
1. Convenience Store
2. Specialty Stores
3. HyperMarket /Super Market
4. Others
Packaging - Market breakup from 6 viewpoints
1. Cup
2. Stick
3. Cone
4. Brick
5. Tub
6. Others
All companies have been covered from 3 view points
- Overviews
- Recent Developments
- Revenues
Companies
1. General Mills
2. Hain Celestial Group
3. Unilever
4. Nestle
What is the estimated value of the U.S. Ice Cream Market?
What is the growth rate of the U.S. Ice Cream Market?
What is the forecasted size of the U.S. Ice Cream Market?
Who are the key companies in the U.S. Ice Cream Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | August 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 13.3 Billion |
| Forecasted Market Value ( USD | $ 15.8 Billion |
| Compound Annual Growth Rate | 2.5% |
| Regions Covered | United States |
| No. of Companies Mentioned | 4 |
Table of Contents
Companies Mentioned
- General Mills
- Hain Celestial Group
- Unilever
- Nestle
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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