Ice Cream Market to Witness Huge Growth by 2031 | Nestle S.A., General Mills, Inc. Mars

NodeGuardian · 2026-02-09T07:29:36+00:00

The global ice cream market is projected to grow from $68.05 billion in 2020 to $122.05 billion by 2031, driven by rising disposable incomes and diverse flavor preferences, despite health concerns and seasonality challenges. Manufacturers are innovating with healthier options.

NodeGuardian

2026-02-09 07:29:36

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The global ice cream market, valued at $68.05 billion in 2020, is projected to reach $122.05 billion by 2031, growing at a CAGR of 5.0% from 2022 to 2031. This growth is primarily driven by rising disposable incomes, an increase in convenience stores, and a preference for diverse flavors, though health concerns and seasonality pose challenges. Manufacturers are responding with innovative products like sugar-free and organic variants to cater to health-conscious consumers.

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