The Global Ice Cream Parlour Market size is expected to reach $17.5 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period.
Variety and customization encourage ice cream parlours to innovate and get creative. This can lead to the development of unique and exotic flavors and the incorporation of local and globally inspired ingredients. Many ice cream parlours offering customization options also focus on premium and artisanal products. Therefore, Artisanal Ice Cream segment would generate $1,986.9 million revenue in the market in 2022. As a result, combining high-quality ingredients and customization adds value and justifies higher price points. Some of the factors impacting the market are expansion of family and social gatherings, innovation in flavors and ingredients, and supply chain disruptions.
Ice cream parlours continue to be well-liked gathering places for families and friends to celebrate important occasions, which supports their expansion. Ice cream parlours are popular for hosting birthday parties, especially for children. Many parlours offer party packages that include ice cream, toppings, and decorations. It's a convenient and enjoyable way to celebrate birthdays without the hassle of preparing desserts at home. Families and couples celebrate anniversaries, engagements, and other milestones at ice cream parlours. These occasions call for something sweet and special, making ice cream parlours an ideal choice. Additionally, Ice cream parlours have introduced alcohol-infused flavors, appealing to adults seeking a unique dessert experience. Examples include whiskey chocolate, wine-infused sorbets, and beer-flavored ice creams. Some ice cream parlours incorporate functional ingredients, such as probiotics or superfoods, to promote health and wellness. Surprise elements like hidden fillings, popping candy, or unexpected swirls within the ice cream can create a sense of novelty and fun for customers. Therefore, Family and social gatherings play a significant role in the success of the market, also, the Innovation in flavors and ingredients is a significant driver of growth and excitement in the market.
However, transportation disruptions, such as road closures, logistics challenges, or labor strikes, can delay the delivery of ingredients and finished products to and from the ice cream parlour. This can impact inventory management and the ability to fulfill customer orders. Variability in ingredient quality due to disruptions in the supply chain can affect the consistency and quality of the ice cream produced. Supply chain disruptions present significant challenges to the market, as they disrupt the availability of key ingredients, packaging materials, and equipment necessary for the production and operation of these businesses.
Based on product, the market is classified into traditional Ice cream and artisanal ice cream. In 2022, the traditional ice cream segment witnessed the largest revenue share in the market. Traditional ice creams are the classic and enduringly popular frozen desserts consumed for generations. Typically, their foundation consists of milk, cream, sugar, and flavorings. The ingredients are pasteurized, churned in an ice cream maker, and frozen to produce a creamy texture. Traditional ice desserts include vanilla, chocolate, strawberry, and mint chocolate chip. They are renowned for their nostalgic appeal and frequently have a smooth and consistent texture.
By type, the market is categorized into branded/franchise and independent. The independent segment covered a considerable revenue share in the market in 2022. Independent ice cream parlours are businesses not affiliated with a larger chain or franchise. Typically, these establishments are owned and operated locally. They have greater latitude to develop their distinctive flavors, menu items, and overall ambiance. Independent ice cream parlours frequently emphasize premium ingredients and take a more artisanal or gourmet approach. They may offer a more tailored experience and be more closely connected to the community.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 11.6 Billion |
| Market size forecast in 2030 | USD 17.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.3% from 2023 to 2030 |
| Number of Pages | 162 |
| Number of Table | 240 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Product, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. High-end ice creams are becoming more and more popular in the Asia Pacific region. Due to shifting consumer consumption habits and the region's extreme diversity, there is a growing demand for ice creams with unique flavor combinations. Additionally, the region has witnessed the introduction of new brands to the market, which has stimulated industry competition.
Free Valuable Insights: Global Ice Cream Parlour Market size to reach USD 17.5 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Baskin-Robbins Franchising LLC (Inspire Brands, Inc.), Dairy Queen Corporation (Berkshire Hathaway, Inc.), Cold Stone Creamery (MTY Food Group Inc.), Ben & Jerry’s Homemade, Inc. (Unilever PLC), Nestle S.A, CPF SAS, Ghirardelli Chocolate Company (Lindt & Sprüngli Ag), Marble Slab Creamery (FAT Brands Inc.), Sri Srinivasa Dairy Products Pvt Ltd and Natural Ice Creams (Kamaths Ourtimes Ice Creams Pvt. Ltd.).
By Type
By Product
By Geography
This Market size is expected to reach $17.5 billion by 2030.
Expansion of family and social gatherings are driving the Market in coming years, however, Supply chain disruptions restraints the growth of the Market.
Baskin-Robbins Franchising LLC (Inspire Brands, Inc.), Dairy Queen Corporation (Berkshire Hathaway, Inc.), Cold Stone Creamery (MTY Food Group Inc.), Ben & Jerry’s Homemade, Inc. (Unilever PLC), Nestle S.A, CPF SAS, Ghirardelli Chocolate Company (Lindt & Sprüngli Ag), Marble Slab Creamery (FAT Brands Inc.), Sri Srinivasa Dairy Products Pvt Ltd and Natural Ice Creams (Kamaths Ourtimes Ice Creams Pvt. Ltd.).
The expected CAGR of this Market is 5.3% from 2023 to 2030.
The Branded/Franchise segment is generating highest revenue in the Market by Type in 2022; thereby, achieving a market value of $10.1 Billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022; thereby, achieving a market value of $7.2 Billion by 2030.
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