Ice Cream Market Overview in the USA
In value terms, ice cream production totaled $ in 2019. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by % y-o-y. Ice cream production peaked in 2019 and is expected to retain growth in the near future.
The size of the ice cream market in the U.S. was estimated 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, recorded 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, the market attained the peak level in 2019 and is likely to see steady growth in years to come.