Consumers’ love affair with ice cream is global in scope. In fact, the global ice cream market size was valued at US$54.80 billion in 2016 and is expected to grow at a compound annual growth rate of 4.1% between 2018 and 2025, according to a January 2018 report from San Francisco-based Grand View Research.
The demand for premium products — especially in developed regions such as North America and Western Europe — is expected to drive market growth in terms of sales value during the forecast period. But it might not be time to dance with the puck: Ice cream volume is expected to decline in both of these regions, the report said, thanks to more health-conscious consumers who are refraining from ice cream consumption.