NEW YORK – A new report from Market Research Future projects the artisanal ice cream market will be worth $95.8 billion by 2030 at a 4.2% CAGR.
The research report, “Artisanal Ice Cream Market Information by Type, Distribution Channel, And Region- Forecast till 2030,” highlights how consumers’ tastes have evolved and they’re seeking out premium goods with natural ingredients, such as small batch ice creams made conventionally with local ingredients.
The Market Research Future report states that even though these types of products are often more expensive than generic ice cream, consumers have shown they will pay more for the high quality and flavor that come with artisanal options. Additionally, it references the lack of artificial preservatives, flavors and colors in artisanal products as appealing to consumers.
The growing interest in artisanal ice cream and unique flavors has led more ice cream producers to try out high-end, innovative flavor combinations, per the report.
Market Research Future notes key United States companies in the artisanal ice cream market include Bi-Rite, Van Leeuwen, Jeni's Splendid Ice Creams, Lackey's Artisan Ice Cream, McConnell's Fine Ice Creams and Graeter’s Inc. The report highlights that the North American segment of the market is growing due to consumers focusing on health and wellness.
The report also defines artisanal ice creams as those that are produced by hand using age-old techniques, with premium ingredients such as cream, milk, sugar, fruits, nuts and spices.
Dividing the market into supermarkets and hypermarkets, specialty stores and internet based on distribution channels, specialty shops were the largest sector in 2021, with a 35-40% market share.
While lactose-free products factor into the market, the report states conventional artisanal ice cream products comprise 75-80% of the market according to the most recent available data.