by The global Artisanal Ice Cream Market is estimated to be valued at US$ 11,642.2 million in 2023.The market is witnessing significant growth due to the increasing popularity of premium and handcrafted flavors among consumers.
Market Overview:
Artisanal ice cream refers to ice cream that is made in small batches using traditional methods and high-quality ingredients. It offers a wide variety of unique flavors and can be customized according to consumer preferences. The growing demand for unique and indulgent flavors, along with the rising disposable income of consumers, is driving the growth of the artisanal ice cream market. Moreover, the increasing trend of health-conscious consumers opting for organic and natural ingredients in their food choices is further fueling the market growth for artisanal ice cream.
Market Key Trends:
One key trend in the artisanal ice cream market is the focus on innovative flavor combinations. Manufacturers are constantly experimenting with new ingredients and flavors to cater to the evolving consumer preferences. Unique combinations such as lavender and honey, avocado and lime, or salted caramel and brownie chunks are gaining popularity among ice cream enthusiasts. This trend of introducing novel flavors is creating a niche market for artisanal ice cream and attracting a wider consumer base.
Furthermore, the market is witnessing a rise in collaborations between artisanal ice cream makers and local suppliers. This enables the producers to source fresh and locally-sourced ingredients, ensuring the highest quality and supporting local farmers and suppliers.
Segment Analysis:
The artisanal ice cream market can be segmented based on product type and distribution channel. In terms of product type, the market is dominated by premium and super-premium ice creams. These segments hold a significant market share due to their high quality ingredients and unique flavors. Premium and super-premium ice cream brands like Unilever, Nestlé, and Bi-Rite Creamery have established a strong presence in the market, attracting consumers who are willing to pay a premium for a superior taste experience.
In terms of distribution channel, the market is dominated by retail stores. Artisanal ice cream brands are increasingly available in supermarkets, convenience stores, and specialty ice cream shops. Consumers prefer the convenience of purchasing their favorite flavors from these retail outlets. Additionally, the availability of a wide range of flavors and the ability to sample before buying further contribute to the dominance of this distribution channel.
Key Takeaways:
The Global Artisanal Ice Cream Market Size is expected to witness high growth, exhibiting a CAGR of 7.4% over the forecast period from 2023 to 2030. This growth can be attributed to the increasing demand for premium and super-premium ice creams among consumers who value high-quality ingredients and unique flavors. The market size was estimated at US$ 11,642.2 million in 2023 and is projected to continue growing.
Regionally, North America is the fastest-growing and dominating region in the artisanal ice cream market. The presence of major players like Unilever, Nestlé, and Bi-Rite Creamery contributes to the region’s dominance. Additionally, the rising consumer preference for premium desserts and the availability of a wide variety of flavors drive the growth of the North American market.
Key players operating in the artisanal ice cream 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. These players have established themselves as leaders in the market, offering a diverse range of flavors and focusing on quality ingredients. Their strong brand reputation and distribution networks contribute to their success in the artisanal ice cream market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
