Artisanal Ice Cream MArket

Artisanal Ice Cream Market Is Estimated To Witness High Growth Owing To Increasing Consumer Preference for Natural and Handcrafted Products

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The global Artisanal Ice Cream Market is estimated to be valued at US$ 11,642.2 million in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Artisanal ice cream refers to handcrafted ice cream made in small batches using high-quality ingredients. These products are known for their unique flavors, textures, and premium quality. Artisanal ice creams are made using traditional recipes and techniques, often using locally sourced and natural ingredients. This market is witnessing significant growth due to the increasing consumer preference for natural and handcrafted products, along with the rising demand for premium desserts.

Market Key Trends:
One key trend in the artisanal ice cream market is the growing demand for plant-based and vegan products. With the rise in health-conscious consumers and the increasing adoption of plant-based diets, there is a growing demand for dairy-free and vegan-friendly ice creams. Artisanal ice cream brands are therefore incorporating plant-based ingredients like coconut milk, almond milk, and soy milk to cater to this trend. These plant-based alternatives provide consumers with a guilt-free indulgence while offering a wide range of flavors and textures.

PEST Analysis:

Political: The political factors affecting the artisanal ice cream market include government regulations and policies related to food safety and labeling. Governments may also impose tariffs and import restrictions on certain ingredients used in ice cream production.

Economic: The economic factors influencing the artisanal ice cream market include disposable income levels, consumer spending patterns, and inflation rates. As disposable incomes rise, consumers are more likely to spend on premium and specialty ice cream products.

Social: The social factors shaping the artisanal ice cream market include consumer preferences for natural and organic ingredients, as well as the increasing demand for unique and exotic flavor options. Health-conscious consumers are also driving the demand for healthier alternatives, such as low-sugar or dairy-free ice cream options.

Technological: The technological factors impacting the artisanal ice cream market include advancements in ice cream production equipment and processes. These innovations can help improve production efficiency, maintain product quality, and reduce costs.

Key Takeaways:

The Global Artisanal Ice Cream Market Size is expected to witness high growth, exhibiting a CAGR of 7.4% over the forecast period. This growth can be attributed to the increasing consumer demand for premium and specialty ice cream products, driven by factors such as rising disposable incomes and changing consumer preferences.

In terms of regional analysis, North America is projected to be the fastest-growing and dominating region in the artisanal ice cream market. This can be attributed to the high consumer spending on indulgent food products, growing popularity of artisanal ice cream brands, and the presence of key players in the region.

Key players operating in the artisanal ice cream market include Unilever, Van Leeuwen, Nestlé S.A., Bi-Rite Creamery, Carmela Ice Cream Co., Gracie’s Ice Cream, Boho Gelato, High Road Craft Brands, True & 12 Handmade Ice Cream, and Fiasco Gelato Cafes Ltd. These players have a strong market presence, offer a wide range of flavors and variety, and are actively engaged in product innovation and marketing efforts to cater to the evolving consumer preferences.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it