Europe Ice Cream Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The Europe ice cream market size is expected to reach US$ 39,254.13 million by 2031 from US$ 27,971.23 million in 2023. The market is estimated to record a CAGR of 4.3% from 2023 to 2031.

Executive Summary and Europe Ice Cream Market Analysis:

The increasing demand for frozen dairy products and changes in consumer food taste and convenience are among the factors stimulating the demand for ice cream in Europe. The demand for low-fat, natural ice creams with high taste and indulgence is increasing in Europe. The growing preference for frozen desserts as a digestive aid after meals boosts the demand for these treats.

The European ice cream market is experiencing a trend of premiumization, with Europeans favoring unique flavors and portions. The ice cream market is driven by rising disposable income and the introduction of diverse dessert products to cater to diverse consumer preferences. Premium ice cream has a higher butterfat content and fewer air particles per ice cream particle. Rapidly expanding urbanization and the dairy industry's technological improvement increase the demand for luxury and regular ice creams. The key players in the market are introducing various products to cater to the rising demand for ice cream. For instance, in June 2024, See's Candies and McConnell's Fine Ice Creams introduced a limited-time collection of four McConnell's x See's ice cream flavors.

Also, manufacturers are adopting business expansion strategies to cater to the consumers' demand. For instance, in January 2024, Greenyard acquired Belgian plant-based ice cream producer Crème de la Crème, a global fresh produce supplier specializing in frozen desserts and ice cream. Additionally, Gelato ice creams are gaining global popularity, with Europe experiencing a rapid growth in demand, leading to European brands expanding their presence globally. In February 2023, Italian gelato brand Amorino expanded its UK franchise from 20 units to over 30 units, retaining Seeds Consulting for franchise expansion.

Europe Ice Cream Market Strategic Insights

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Europe Ice Cream Market Segmentation Analysis

Key segments that contributed to the derivation of the Europe ice cream market analysis are flavor, category, form, and distribution channel.

• Based on flavor, the Europe ice cream market is segmented into vanilla, chocolate, berries, matcha, and others. The vanilla held the largest share of the market in 2023.
• Based on category, the Europe ice cream market is bifurcated into conventional and sugar free. The conventional held a larger share of the market in 2023.
• Based on form, the Europe ice cream market is segmented into cups and tubs, bars and sticks, and others. The cups and tubs held the largest share of the market in 2023.
• Based on distribution channel, the Europe ice cream market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets held the largest share of the market in 2023.

Europe Ice Cream Market Outlook

Functional ice cream is becoming more popular than regular ice cream among health-conscious consumers as it contains high-quality ingredients and can fulfill consumers' nutritional requirements. Ice cream manufacturers' increasing interest in fortification and adding functional ingredients may influence the consumer's decision to select a healthy alternative. Beyond basic nutrition, functional food provides advantages that can help lower or prevent the risk of certain diseases, such as nutrient deficiency. Moreover, sugar-free, low-fat functional ice creams are gaining huge popularity due to their health benefits. The COVID-19 pandemic further influenced the demand for functional ice creams, and manufacturers are taking advantage of this opportunity. Low-sugar and high-protein ice creams have become especially popular among athletes and consumers looking for non-staple food and beverage products with better nutritional content. Thus, the rising demand for functional ice creams is expected to create lucrative opportunities for the ice cream market in the coming years.

Europe Ice Cream Market Country Insights

Based on country, the Europe ice cream market comprises Germany, the UK, France, Italy, Spain, and the Rest of Europe. The Rest of Europe held the largest share in 2023.

Russia, Poland, the Netherlands, Switzerland, Sweden, Denmark, Norway, Greece, and Belgium are among the countries contributing to the ice cream market in the Rest of Europe. The market in the Rest of Europe is mainly driven by surging innovative flavors, expansion of the key players, and advancement in the production technologies across the region. In addition, the population in this region is interested in unique flavor experiences. The cross-category innovations such as bringing bakery into ice cream have gained popularity across the region. For instance, the Russian ice cream producer Dandelion has been providing consumers Cacao fruit and Lime ice cream.

Europe Ice Cream Market Report Highlights

Europe Ice Cream Market Company Profiles

Some of the key players operating in the market Blue Bell Creameries; Unilever Plc; Nestle SA; General Mills Inc; Mars Inc; Wells Enterprises Inc; Turkey Hill Dairy; Dairy Farmers of America, Inc.; Morinaga Milk Industry Co Ltd; Kwality Foods, LLC.; Baskin-Robbins; David Chapman’s Ice Cream Limited; Cold Stone Creamery; Lotus Bakeries NV; and IMURAYA GROUP CO., LTD among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Europe Ice Cream Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Europe Ice Cream Market Country and Regional Insights