Ice Cream Stores in the US - Market Research Report (2014-2029)

Second scoop: Stores will continue to offer healthier options, spurring demand

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.

Operators in the Ice Cream Stores industry serve dessert-craving customers a range of frozen treats, including ice cream, gelato and sorbet, as well as a variety of toppings, ranging from crushed candies to flavored syrups. Despite increased per capita disposable income and per capita dairy consumption, ice cream stores have experienced a modest decline over the past five years. With rising inflation pushing ice cream prices, consumers have opted for the ice cream gallons at the supermarkets, leaving the fresh-scooped cones or bowls offered at local ice cream shops. Overall, revenue for the Ice Cream Stores industry is expected to fall at a CAGR of 0.2% to $5.5 billion over the five years to 2023. In 2020, industry revenue decreased as consumers increased stock-up activity at supermarkets and visited industry establishments less due to COVID-19. Customers have gradually returned to industry establishments considering growing vaccination rates.

This industry comprises establishments that prepare or serve ice cream, ice cream treats, sorbet and gelato. Purchases may be consumed on-site, taken out or delivered. Ice cream is made from dairy products or dairy alternatives, such as soy milk. Gelato generally has a lower butterfat content than ice cream, while sorbet is a sweetened water that is flavored with fruit. Most stores offer ice cream, ice cream treats and ice cream with toppings.