Ice Cream Production in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Another scoop: Regular ice cream sales will drop while novelty ice cream sales expand

Ice cream producers make ice cream, frozen yogurt, sherbet, frozen tofu and other desserts. These producers are competing with consumers' tastes, shifting to healthier options. To remain relevant, ice cream producers have introduced new brands or reformulated existing lines with healthier or higher-quality ingredients and have launched new products that appeal to a wider range of health-conscious consumers. In line with successful product innovation and efforts to appeal to consumers, the industry has been able to keep up with shifting consumer preferences. Consequently, industry revenue will inch up at a CAGR of 0.9% to $10.6 billion through the end of 2023, including a mere 0.1% expansion in 2023 alone. Industry profit, however, dropped during the same timeframe due to strengthened purchase costs. COVID-19 positively impacted ice cream production in 2020, despite poor economic conditions.

Ice cream producers make ice cream, frozen yogurt, sherbet, frozen tofu and other frozen desserts, except frozen bakery foods, which are included in the Bread Production industry. Most raw inputs are sourced from the Dairy Farms industry (11212).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.