Global Ice Cream Market Overview
In value terms, ice cream production reached $ in 2019 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of % against the previous year. Over the period under review, global production hit record highs in 2019 and is likely to continue growth in the immediate term.
The country with the largest volume of ice cream production was the U.S. ( tonnes), accounting for % of total volume. Moreover, ice cream production in the U.S. exceeded the figures recorded by the second-largest producer, Belgium ( tonnes), more than tenfold. France ( tonnes) ranked third in terms of total production with a % share.
From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. totaled -%. In the other countries, the average annual rates were as follows: Belgium (+% per year) and France (+% per year).
The global ice cream market value stood at $ in 2019, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by % against the previous year. Global consumption peaked in 2019 and is expected to retain growth in the immediate term.
From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. totaled -%.
In value terms, the U.S. ($) led the market, alone. The second position in the ranking was occupied by the UK ($).
In the U.S., the ice cream market remained relatively stable over the period from 2007-2019.
From 2007 to 2019, the average annual growth rate of the ice cream per capita consumption in the U.S. totaled -%.