The high demand for ultra-premium ice creams, rise in disposable income, proliferation of online food delivery platforms and increase in availability of lactose-free ice creams are expected to propel the growth of the global ice cream market.
January 24, 2019
The global ice cream market garnered $70.8 billion in 2017, and is estimated to reach $97.3 billion by 2023, growing at a CAGR of 5.4% from 2017-2023, according to “Ice Cream Market by Sales Type (Impulse Ice Cream, Take-home Ice Cream, and Artisanal Ice Cream): Global Opportunity Analysis and Industry Forecast, 2017-2023,” a study released by Allied Market Research, Portland, Ore.
2018 was filled with many newsworthy buzzwords. Blockchain technology, artificial intelligence and automated solutions filled the headlines, while consumers voted with their dollars, opting for better-for-you products that donned bold flavor profiles and came packaged in 100% recyclable cartons.
Ben & Jerry’s, Burlington, Vt., launched Pecan Resist, a limited-batch ice cream flavor created to celebrate the activists continuing to resist oppression, harmful environmental practices and injustice.