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The Market value (retail sales value) of the Global Ice Cream Industry (2017 - 2025, USD Millions)

  • The Market value (retail sales value) of the Global Ice Cream Industry attained a value of USD 67,437.28 Millions in 2020

  • The Industry recorded a historical growth (CAGR) of 1.48 % between 2017 to 2020, and is expected to grow by...

  • GlobalData projects the Industry to grow at a CAGR of ...

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The Market value (retail sales value) of the Global Ice Cream Industry (2017 - 2025, USD Millions)

Published: Oct 2021
Source: GlobalData

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The global Ice cream industry recorded a low single-digit YoY growth in 2020, and a low single-digit Compound Annual Growth Rate (CAGR) between 2017-20.

Unilever, Froneri International Limited, Lotte Co., Ltd., and General Mills, Inc. held the top four leading market positions in the global Ice cream industry.

Nestle, Magnum, Häagen-Dazs, and Wall`s were the leading brands in the Ice cream industry. 

Ice Cream includes Artisanal Ice Cream, Impulse Ice Cream-Single Serve, and Take-home and Bulk Ice Cream

Unilever leads the global Ice cream industry in 2020 

Unilever was the leading company in the global Ice cream market (by value) in 2020, with more than 45 brands under its trademark. Magnum brand was the biggest contributor to the company’s global Ice cream sales. Wall`s, Algida, Ben & Jerry's, and Kibon are some of the other major Ice cream brands offered under the trademark of Unilever.

Froneri International Limited ranked second in the global Ice cream industry

Froneri International Limited was the second largest company in the global Ice cream market in 2020. Nestle, Häagen-Dazs, Peters, Mövenpick, and Edy`s were among some of the key brands tending the global Ice cream needs under Froneri International Limited, with a bigger chunk of the Ice cream items sale (by value) coming from its flagship brand Nestle.

The other leading market positions in the Global Ice cream market were held by Lotte Co., Ltd., General Mills, Inc., and Wells Enterprises, Inc. 

Lotte Co., Ltd., General Mills, Inc., and Wells Enterprises, Inc. were among some of the other prominent companies in the global Ice cream market, owning brands such as Lotte, Häagen-Dazs, and Halo Top. 

Market Fragmentation: The market is concentrated, with the top four players holding more than a third of the market share in the global Ice cream market.

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