Ice Cream Parlor Market Size to Reach USD 18.5 Billion by 2032 with 4.77% CAGR – Latest Report

Ice Cream Parlor Industry Outlook 2024-2032

Summary:

• The global ice cream parlor market size reached USD 12.2 Billion in 2023.
• The market is expected to reach USD 18.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.77% during 2024-2032.
• Asia Pacific leads the market, accounting for the largest ice cream parlor market share.
• Branded/franchise accounts for the majority of the market share in the function segment as consumers trust established brands for consistent quality and variety, leading to higher patronage of franchised outlets.
• Traditional ice cream holds the largest share of the ice cream parlor industry.
• The rising disposable income is a primary driver of the ice cream parlor market.
• The significant expansion of distribution channels and the increasing popularity of dessert-only outlets are reshaping the ice cream parlor market.

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Ice Cream Parlor Industry Trends and Drivers:

• Increased Disposable Income:

As disposable income rises in many regions, consumers are becoming more inclined to spend on premium, indulgent products, including high-quality ice cream. This shift is contributing to the growth of boutique ice cream parlors, which focus on gourmet and artisanal options that cater to those seeking unique, handcrafted flavors. Additionally, with more financial freedom, customers are willing to pay a premium for ice cream made from natural ingredients, offering rich, innovative flavors that go beyond the typical offerings. This trend is particularly visible in urban areas, where consumers are increasingly drawn to experiences and products that reflect their desire for quality and exclusivity. Moreover, the rising interest in gourmet ice cream also supports the growth of smaller, independently owned ice cream parlors, which benefit from the demand for differentiated products. As disposable incomes continue to increase globally, this trend is likely to fuel further expansion in the premium ice cream sector, allowing more boutique shops to flourish.

• Expansion of Distribution Channels:

The growth of diverse distribution channels, such as franchised ice cream parlors, food trucks, and pop-up shops, is making ice cream more accessible to a wider audience. Additionally, franchising has enabled ice cream brands to expand their reach, establishing new outlets in urban and suburban areas and offering convenience and variety to consumers. Moreover, the rise of mobile food trucks and temporary pop-up shops has created opportunities for ice cream brands to connect with customers in unexpected locations, such as festivals, parks, and busy street corners. This approach increases the visibility of brands and allows them to reach new markets without the overhead costs of traditional storefronts. These distribution models are flexible and adaptable, providing consumers with more opportunities to experience ice cream wherever they may be. Hence, this expansion of distribution channels is playing a critical role in boosting ice cream sales and brand awareness, allowing companies to tap into the growing demand for accessible, high-quality treats.

• Growing Popularity of Dessert-Only Outlets:

The increasing popularity of dessert-only establishments, which focus exclusively on ice cream and other sweet treats, has elevated the profile of ice cream parlors as a go-to destination for indulgence. These specialized outlets offer consumers an immersive experience, where ice cream is the star attraction, often presented with creative twists such as exotic toppings, unique flavor combinations, or customizable sundaes. Additionally, this trend has turned ice cream parlors into more than just a place to grab a quick snack, allowing people to enjoy a treat as part of a larger social experience. Moreover, the growth of these dessert-centric venues, often located in trendy, high-traffic areas, has helped increase the visibility of ice cream as a standalone indulgence. As a result, ice cream parlors are thriving as consumers seek out these specialty establishments for a memorable, high-quality dessert experience across the globe.

Ice Cream Parlor Market Report Segmentation:

Breakup By Function:

• Branded/Franchise
• Independent

Branded/franchise represents the largest segment as consumers trust established brands for consistent quality and variety, leading to higher patronage of franchised outlets.

Breakup By Application:

• Traditional Ice Cream
• Artisanal Ice Cream

Traditional ice cream accounts for the largest market share as it remains the most popular and widely accepted frozen dessert, appealing to a broad range of consumer tastes.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific holds the leading position owing to a large market for ice cream parlor driven by its large population, rising disposable incomes, and increasing demand for indulgent desserts in emerging economies.

Top Ice Cream Parlor Market Leaders:

The research report outlines a detailed ice cream parlor market analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Amorino Emporia
• Baskin-Robbins (Inspire Brands LLC)
• Ben & Jerry's Homemade Inc. (Unilever plc)
• Cold Stone Creamery Inc. (Kahala Franchising L.L.C.)
• Cream Stone Ice Cream Concepts
• Häagen-Dazs (General Mills Inc.)
• Marble Slab Creamery (FAT Brands Inc.)
• Naturals

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