Ice Cream Parlour Market Synopsis

Ice cream Parlour Market Size Was Valued at USD 14.42 Billion in 2023 and is Projected to Reach USD 22.18 Billion by 2032, Growing at a CAGR of 4.9% From 2024-2032.

• Ice cream parlors (American English) or ice cream parlors (British English) are places that sell ice cream, gelato, sorbet, and/or frozen yogurt to consumers. Ice cream is typically sold as regular ice cream (also called hard-packed or hard-serve ice cream), and/or soft serve, which is usually dispensed by a machine with a limited number of flavors Ice Cream parlors generally offer several flavors and items. Parlors often serve ice cream and other frozen desserts in cones, cups, or dishes, the latter two to be eaten with a spoon. Some ice cream parlors prepare ice cream desserts such as sundaes (ice cream topped with syrup, whipped cream, and other toppings) milkshakes, or even a blend (known as a Boston shake).
• Variety and customization encourage ice cream parlours to innovate and get creative. This can lead to the development of unique and exotic flavours and the incorporation of local and globally inspired ingredients. Many ice cream parlors offering customization options also focus on premium and artisanal products. As a result, combining high-quality ingredients and customization adds value and justifies higher price points. Some of the factors impacting the market are an expansion of family and social gatherings, innovation in flavors and ingredients, and supply chain disruptions.

Ice Cream Parlour Market Trend Analysis

Customers' growing need for healthier and more functional foods is an emerging trend

• Because of successful branding strategies by manufacturers, there is a growing demand in the market for healthy product choices like fortified and low-fat options. These companies are connecting with clients via nearby distribution points like hotels, eateries, and malls. The manufacturers are placing more emphasis on creating innovative solutions that offer precision and also recycle waste material. It is expected that the market will also grow due to the involvement of manufacturers of dried fruits and artificial flavors.
• High-quality ice creams are favored by consumers because of changing preferences and increased emphasis on indulgent desserts. Ice cream is now seen as a versatile treat that can accommodate various dietary preferences, instead of just an indulgence. The current period has seen an increase in the desire for low-fat, low-sugar, and lactose-free options as well as vegan and plant-based alternatives, providing consumers with a wider range of choices. Manufacturers are concentrating on reaching new global markets for expansion. Manufacturing firms are more and more concentrating on forming advantageous collaborations with retailers in order to enhance brand visibility, thereby driving market expansion in the upcoming period.
• The increasing demand for additional ice cream varieties and global consumer tastes is predicted to generate profitable prospects for the market in the foreseeable future. Manufacturers can expect a bright future in the market as it continues to grow steadily. The increase in distribution channels has supported market growth, and the emergence of eCommerce is predicted to bring substantial opportunities to the market in the coming period.
• The accessibility of ice cream on websites has simplified the process for customers to discover a wide variety of flavours and labels, breaking down location limitations. The industry's growth has been greatly influenced by the introduction of new flavours, shapes, and packaging options. The increasing demand from consumers for healthier and more beneficial foods has resulted in the production of ice creams containing specific ingredients like probiotics, prebiotics, and natural antioxidants that have proven nutritional and physiological advantages.

Opportunity

Opportunities include premium, customizable offerings, like alcohol-infused or superfood ice creams to attract diverse customer groups.

• Different options and the ability to personalize offerings inspire ice cream shops to think outside the box and come up with unique ideas. This may result in the creation of distinct and unusual tastes by blending local and internationally sourced ingredients. Numerous ice cream shops that provide customization choices also specialize in high-quality and handmade items. As a result, the Artisanal Ice Cream sector is projected to bring in $1,986.9 million in revenue in 2022. Therefore, the inclusion of premium ingredients and personalization increases the worth and supports a higher cost. Expansion of family and social gatherings, innovation in flavors and ingredients, and supply chain disruptions are some of the factors affecting the market.
• Ice cream shops remain popular venues for families and friends to come together and mark special events, leading to their growth. Ice cream shops are commonly chosen as venues for birthday celebrations, particularly for kids. Numerous parlours provide party bundles that consist of ice cream, toppings, and decorations. It is a convenient and pleasant way to mark birthdays without the trouble of making desserts at home. Families and couples commemorate special occasions like anniversaries, engagements, and other milestones by visiting ice cream parlours. These events require something sweet and unique, making ice cream parlours a perfect option. Moreover, ice cream shops now offer flavors with alcohol added, attracting grown-ups looking for a distinctive dessert option. Some examples are chocolate with whiskey, sorbets with wine, and ice creams with beer flavor. Certain ice cream shops incorporate beneficial components like probiotics or superfoods to support overall health and well-being. Adding hidden fillings, popping candy, or surprising swirls to the ice cream can bring a feeling of excitement and amusement for customers. Hence, the success of the market is greatly influenced by family and social events, and the market's growth and excitement are driven by innovations in flavors and ingredients.

Ice Cream Parlour Market Segment Analysis:

The ice cream Parlour Market is Segmented on the basis of Type and product.

By Type, Branded/Franchise Segment Is Expected to Dominate the Market During the Forecast Period

• Branded or franchise ice cream parlours hold the majority of the market share in 2022, accounting for over 66%, and are projected to reach around 37% by 2032. These establishments are affiliated with popular names such as Baskin-Robbins, Ben & Jerry's, Cold Stone Creamery, and Dairy Queen, ensuring uniformity in product options, flavours, and store designs. Franchise parlours appeal to a dedicated customer base due to their strong brand reputation, standardized processes, and marketing support. They take advantage of being widely available in popular shopping areas, malls, and entertainment centres, making products more accessible and increasing their adoption rate.
• Up-and-coming ice cream businesses are growing into new areas by utilizing franchising methods to capitalize on local knowledge and reduce potential risks. As an example, In June 2023, GIANI Ice Cream Parlour launched a new franchise that is famous for its high-quality ice creams and desserts, showcasing the increasing popularity of franchises.
• Local, independently owned and operated ice cream shops make up around 40% of the market share in 2022. These establishments have the freedom to develop distinctive flavors, menu offerings, and atmosphere, with a focus on using premium ingredients and an artisanal method. Private businesses offer a customized service and often have a deeper bond with the nearby residents.
• In general, the growth of the ice cream parlour industry is driven by the increase in branded/franchise models and the distinct offerings of independent parlours, both adding to the industry's diverse environment.

By Product, Traditional Segment Held the Largest Share In 2023

• In 2022, the market was largely controlled by the conventional ice cream sector, which accounted for a remarkable 82% of worldwide earnings. The lasting popularity of this section is attributed to its wide acceptance among consumers and ability to appeal to a variety of demographic groups, resulting in steady sales. Traditional tastes like vanilla, chocolate, strawberry, and mint chocolate chip bring back memories and provide a sense of coziness, ensuring their popularity in the market. These tastes form the base for different types of desserts, enabling ice cream shops to expand their offerings while keeping a reliable selection of popular flavors.  Classic ice creams are made by combining milk, cream, sugar, and flavorings as the base. The process of production includes heating the ingredients to kill bacteria, mixing them in an ice cream machine, and freezing the blend to create a smooth consistency. These ice creams are well-known for their creamy and even consistency, along with their nostalgic charm.
• Classic ice cream shops prioritize providing these well-known and favored flavors. They serve a wide range of customers, including families and individuals looking for traditional ice cream experiences. These establishments frequently focus on offering competitive prices and reliable quality in order to appeal to more customers. Finding the right mix of tradition and innovation is vital for long-term growth and meeting customer needs. In general, the traditional ice cream sector's control is propelled by its widespread popularity, steady excellence, and capacity to be used as a flexible foundation for different desserts, securing its ongoing success and solid market position.

Ice Cream Parlour Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The ice cream parlor market in 2022 was primarily led by the Asia Pacific region, holding a majority share of over 41%. The market is forecasted to experience a 6.0% CAGR between 2023 and 2030, propelled by the increasing popularity of frozen snacks, especially among millennials. The convenience and variety of flavors desired by this demographic are driving them to frequently visit ice cream shops that provide unique treats. The increasing disposable incomes and socializing behaviors of millennials are also boosting market expansion, opening up fresh possibilities for ice cream shops to meet their tastes. There has been a growing desire for premium ice creams in the area, along with a change in eating preferences towards different flavor mixes. Fresh brands like Chicecream from China have entered the market, leading to healthy competition after becoming the best-selling ice product on Tmall in both 2020 and 2021. Moreover, increasing consumer readiness to invest in high-quality and handmade items boosts market expansion.
• The Asia Pacific region is known for its progress in cold chain logistics and retail infrastructure, which help distribute and make premium ice cream products available. In 2021, Havmor, a well-known Indian brand, introduced the largest ice cream cone in the world, which included flavors such as Swiss Choco Brownie and Double Belgium Chocolate. The increasing popularity of dairy-free and vegan ice creams is driven by the growing demand for healthier options, especially among those with high rates of lactose intolerance in the area. This trend is anticipated to stimulate the market for vegan products, meeting the dietary requirements of a large segment of the population. Innovation in flavors, premium products, and higher consumer expenditure are fueling the growth of the ice cream parlor market in the Asia Pacific region, positioning it as a crucial area for market enlargement.

Ice Cream Parlour Market Active Players

• Cold Stone Creamery (MTY Food Group Inc.) (USA)
• Ben & Jerry's Homemade, Inc. (Unilever PLC) (USA)
• Baskin-Robbins (Inspire Brands LLC) (USA)
• Blue Bell Creameries (USA)
• Fosselman's Ice Cream Company (USA)
• Natural Ice Creams (Kamaths Ourtimes Ice Creams Pvt. Ltd.) (India)
• Marble Slab Creamery (FAT Brands Inc.) (USA)
• Dairy Queen Corporation (Berkshire Hathaway, Inc.) (USA)
• Häagen-Dazs (General Mills Inc.) (USA)
• Amorino (France)
• Ghirardelli Chocolate Company (Lindt & Sprüngli Ag) (USA)
• Cream Stone (Sri Srinivasa Dairy Products Pvt Ltd) (India)
• Nestlé S.A. (Switzerland)
• CPF SAS (France)
• Kwality Wall’s (Unilever PLC) (India)
• NadaMoo (USA)
• Dairy Farmers of America Inc. (USA)
• Inner Mongolia Yili Industrial Group Co. Ltd. (China)
• Danone S.A. (France)
• Wells Enterprises Inc. (USA)
• 3D Systems, Inc. (USA)
• Unilever PLC (UK/Netherlands) and other major key players.

Key Industry Developments in the Ice Cream Parlour Market:

• In Apr 2023, Cold Stone Creamery and Reese collaborated to create Reese-inspired ice creams such as Reese's Take 5 peanut butter ice cream and Reese's Peanut Butter Cup ice cream. Furthermore, the company introduced marshmallow-flavored ice cream.
• In Mar 2023, Sunny Honey Home is a new flavor created by Ben & Jerry's in collaboration with The Entrepreneur Refugee Network (TERN). This one-of-a-kind mix was created to generate revenue and promote the economic aims of refugees in the United Kingdom.
• In Jan 2023, Baskin-Robbins reopened its outlet in Bay City, Michigan. The store closed in December 2022 and was looking for new owners. Since its reopening, the business has seen massive growth and customer demand.
• In May 2022, Amorino introduced three organic sorbet flavours: tangerine acerola, blueberry açai, and blood orange ginger.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. ICE CREAM PARLOUR MARKET BY TYPE (2017-2032)
   1. Ice cream Parlour MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BRANDED/FRANCHISE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. INDEPENDENT
7. ICE CREAM PARLOUR MARKET BY PRODUCT (2017-2032)
   1. Ice cream Parlour MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. ARTISANAL ICE CREAM
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. TRADITIONAL ICE CREAM
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. Ice cream Parlour Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. COLD STONE CREAMERY (MTY FOOD GROUP INC.)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. BEN & JERRY'S HOMEMADE, INC. (UNILEVER PLC) (USA)
   4. BASKIN-ROBBINS (INSPIRE BRANDS LLC) (USA)
   5. BLUE BELL CREAMERIES (USA)
   6. FOSSELMAN'S ICE CREAM COMPANY (USA)
   7. NATURAL ICE CREAMS (KAMATHS OURTIMES ICE CREAMS PVT. LTD.) (INDIA)
   8. MARBLE SLAB CREAMERY (FAT BRANDS INC.) (USA)
   9. DAIRY QUEEN CORPORATION (BERKSHIRE HATHAWAY, INC.) (USA)
   10. HÄAGEN-DAZS (GENERAL MILLS INC.) (USA)
   11. AMORINO (FRANCE)
   12. GHIRARDELLI CHOCOLATE COMPANY (LINDT & SPRÜNGLI AG) (USA)
   13. CREAM STONE (SRI SRINIVASA DAIRY PRODUCTS PVT LTD) (INDIA)
   14. NESTLÉ S.A. (SWITZERLAND)
   15. CPF SAS (FRANCE)
   16. KWALITY WALL’S (UNILEVER PLC) (INDIA)
   17. NADAMOO (USA)
   18. DAIRY FARMERS OF AMERICA INC. (USA)
   19. INNER MONGOLIA YILI INDUSTRIAL GROUP CO. LTD. (CHINA)
   20. DANONE S.A. (FRANCE)
   21. WELLS ENTERPRISES INC. (USA)
   22. 3D SYSTEMS, INC. (USA)
   23. UNILEVER PLC (UK/NETHERLANDS) AND OTHER MAJOR KEY PLAYERS.
9. GLOBAL ICE CREAM PARLOUR MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Product
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies