Global Ice Cream Market Overview
In value terms, ice cream production reached $ in 2019 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of % against the previous year. Global production peaked in 2019 and is expected to retain growth in the immediate term.
The U.S. ( tonnes) remains the largest ice cream producing country worldwide, comprising approx. % 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. The third position in this ranking was occupied by France ( tonnes), with a % share.
From 2007 to 2019, the average annual growth rate of volume in the U.S. stood at -%. In the other countries, the average annual rates were as follows: Belgium (+% per year) and France (+% per year).
The global ice cream market size stood at $ in 2019, remaining constant against 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). In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by % year-to-year. Over the period under review, the global market hit record highs in 2019 and is likely to see steady growth in the near future.
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. ($) led the market, alone. The second position in the ranking was occupied by the UK ($).
From 2007 to 2019, the average annual growth rate of value in the U.S. was relatively modest.
From 2007 to 2019, the average annual rate of growth in terms of the ice cream per capita consumption in the U.S. amounted to -%.