Extruded Ice Cream Market 2024 to Grow at 7.37 CAGR with 8.59 USD Billion  Market Size: Analysis and Forecasts 2032

Key Insights

The Extruded Ice Cream Market size was valued at USD 8.59 USD Billion in 2023 and is projected to reach USD 14.13 USD Billion by 2032, exhibiting a CAGR of 7.37 % during the forecast period. Ice cream extrusion is a well-known dessert, obtained using a mixture based on the ice cream base and a specially designed nozzle to force through the mixture and form different shapes. This process makes it creamier and creates a great opportunity to produce different designs. Varieties of extruded ice cream include; soft serve which is a fine-grained creamy product and novelty shapes like stars, swirls, designs or a required picture shape like stars, swirls or any other preferred occasion. Some of the advantages of the extruded ice cream include a smooth texture and a uniform quality throughout and the potential for offering a highly versatile line of products in terms of choice of flavours and additions such as chips or pieces of fruit. Extruded ice cream can be used at amusement parks or fast food joints right through to fine dining experiences where a chef may be able to experiment with inventive dishes. The main advantages of extruded ice cream include precise control over the product, as well as its tempting appearance and simple production, which in turn is suitable for both customers and companies.

Extruded Ice Cream Trends

• Rising popularity of extruded ice cream due to its convenience and portability.
• Growing demand for premium and indulgent ice cream products.
• Increasing adoption of extruded ice cream in the food service industry.

Driving Forces: What's Propelling the Extruded Ice Cream Market

• Rising disposable income and changing consumer spending patterns, leading to increased demand for premium and indulgent food products.
• Expansion of modern retail infrastructure, including supermarkets and hypermarkets, providing wider distribution channels and accessibility to consumers.
• Growing health consciousness and demand for healthier alternatives, with extruded ice cream perceived as a healthier option due to its lower fat and calorie content.
• Increased adoption of plant-based diets, leading to a surge in demand for vegan and dairy-free extruded ice cream options.
• Innovative product launches and flavors, including collaborations with popular brands and unique flavor combinations, attracting consumers seeking novel experiences.

Challenges and Restraints in Extruded Ice Cream Market

• Fierce competition from established ice cream manufacturers, offering various ice cream formats and flavors, including traditional scooped ice cream and frozen novelties.
• Fluctuating raw material costs, particularly for dairy ingredients and flavors, posing challenges for manufacturers in maintaining profitability.
• Seasonality of demand, with higher sales during summer months and challenges in maintaining steady sales throughout the year.
• Limited shelf life compared to traditional ice cream products, requiring efficient supply chain management and storage facilities.

Emerging Trends in Extruded Ice Cream

• Innovation in flavours and product formats.
• Growing demand for sugar-free and low-calorie extruded ice cream.
• Increasing popularity of plant-based extruded ice cream.

Growth Catalysts in Extruded Ice Cream Industry

• Introduction of innovative packaging solutions.
• Expansion of distribution channels.
• Strategic partnerships and collaborations among industry players.

Market Segmentation: Extruded Ice Cream Analysis

Product Type:

• Stick bars
• Sandwiches
• Cones
• Others

Flavor:

• Chocolate
• Strawberry
• Caramel
• Mixed
• Others

Distribution Channel:

• Supermarkets/Hypermarkets
• Ice Cream Parlors
• Online Retailers
• Others

Leading Players in the Extruded Ice Cream Market

• Unilever (U.K.)
• Tillamook (U.S.)
• Nestlé S.A. (Switzerland)
• GCMMF (India)
• General Mills (U.S.)
• Dunkin' Donuts LLC (U.S.)
• Blue Bell Creameries (U.S.)
• NOTO (India)
• Vadilal Group (India)
• Turkey Hill Dairy (U.S.)

Significant Developments in the Extruded Ice Cream Sector

• January 2023: Unilever launched new ice cream flavours and products in the global market, including double gold caramel ice cream bars and Caramel duet bars.
• March 2022: Turkey Hill launched new ice cream bars called Dipped Duos premium ice cream bars, featuring two different flavors swirled in a single bar.
• January 2022: Oreo expanded its frozen novelties segment with the launch of 'Oreo Frozen Treats,' including sandwiches, bars, and cones.
• January 2022: Nestle Thailand introduced Blueberry Cheesecake Sandwich Ice Cream, a new product resembling a cheesecake sandwich dessert.
• May 2021: Kwality Walls launched a special edition LINE FRIENDS Wall's Ice Cream Sandwich in Malaysia, targeting consumers seeking a fun and convenient on-the-go snack.

Comprehensive Coverage Extruded Ice Cream Market Report

The extruded ice cream market report provides comprehensive insights into:

• Global and regional market size, growth potential, and industry trends.
• Segmentation by product type, flavor, distribution channel, and application.
• Key market players, their market share, strategies, and product offerings.
• Analysis of value chain, regulatory landscape, and technological advancements.
• Growth opportunities and future outlook, considering emerging trends and innovations.

Regional Insight

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Consumer Side Analysis

• Consumption patterns and preferences
• Demographic segmentation
• Psychographic segmentation

DROCs

• Drivers: Rising disposable income, convenience, and premiumization.
• Restraints: Intense competition and seasonal demand fluctuations.
• Opportunities: Innovation, expansion, and partnerships.
• Challenges: Raw material costs and health concerns.

SWOT Analysis

• Strengths: Convenience, portability, and indulgence.
• Weaknesses: Seasonality and limited shelf life.
• Opportunities: Expansion into new markets and flavours.
• Threats: Competition from other ice cream products and health concerns.