Gourmet Ice Cream Market to grow at a CAGR of 18.32% during 2024-2028
The Gourmet Ice Cream Market is expected to grow at a CAGR of 18.32% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13955.7 million. The gourmet ice cream market has witnessed a notable expansion in recent years, particularly in countries such as the US, Italy, the UK, Germany, France, China, and India. This growth is evident in the proliferation of gelaterias, which now serve not just as purveyors of frozen desserts, but also as social hubs for consumers. Major players in the global ice cream industry, including Nestle, have capitalized on this trend by establishing branded ice cream parlors to showcase their premium and artisanal offerings. For instance, Nestle's Swiss premium ice cream brand, Movenpick, has expanded to over 30 countries, utilizing distribution channels such as retailing, scooping stations, and impulse sales outlets. These Movenpick ice cream boutiques are strategically located in major cities worldwide.
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Technavio analysts predict that the Gelato subsegment will lead the Product segment during 2024 and 2028 The gelato market encompasses a range of products, including artisanal and gourmet gelato ice creams, gelato flavorings for use in cakes, pancakes, and other desserts, frozen gelato desserts, and yogurt. This market segment is driven by the increasing preference for healthier, premium ice cream options among consumers in North America and Europe. Gelato, which is traditionally made from a base of cream, sugar, milk, and flavorings, has a lower fat content and higher sugar concentration compared to traditional ice creams. Originating in Italy, gelato's popularity has expanded globally, and its growth is expected to continue due to the rising demand for high-quality, indulgent desserts and the increasing availability of gourmet ice cream products through online retail channels.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish increasing health benefits of gelato
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Title: Gourmet Ice Cream Market: A Scoop of Insights into Papacream, Numoo, iSwich Gourmet, Herrells Ice Cream, Amorino, and More The gourmet ice cream market is a delightful niche in the broader frozen desserts industry. Key players include Papacream, Numoo, iSwich Gourmet, Herrells Ice Cream, and Amorino. These brands are redefining the ice cream experience with their premium offerings, focusing on quality ingredients, innovative flavors, and unique presentation. To understand the market dynamics, insights are gathered from various sources such as hypermarkets, supermarkets, industrial magazines, research papers, and SEC filings. Qualitative data from interviews with industry influencers and quantitative data from sales figures provide a comprehensive view. Online retailing is a growing trend, with platforms like Amazon and specialty stores offering a wide range of gourmet ice creams. The culture of socializing around ice cream, whether it's gelato, sorbet, or diet-friendly options, continues to fuel demand. Brands are constantly innovating, introducing new flavors, and catering to diverse tastes and dietary preferences. Cost remains a significant factor, with Panaces and other players offering competitive pricing. Stay tuned for more insights as we delve deeper into the gourmet ice cream market.
The global gourmet ice cream market encompasses vendors engaged in the production and processing of premium ice cream products, focusing on eliminating microorganisms and extending shelf life. According to Technavio, the market's size is determined by the consolidated revenue generated by these participants. It is essential to note that the market does not encompass manufacturers of food processing equipment or producers of packaged alcoholic and non-alcoholic beverages, excluding mineral waters. Key growth drivers for the global gourmet ice cream market include the health benefits linked to the consumption of minimally processed foods, such as those rich in nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.
The Gourmet Ice Cream Market is experiencing significant growth, fueled by the increasing health benefits of gelato. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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