Rise in disposable income majorly drives the growth of the global ice cream market, especially in the developing economies. In addition, increase in number of convenience stores and increased preference for different flavors fuel the ice cream market growth. The ice cream market was valued at $68,052.20 million in 2020, and is estimated to reach $122.1 …
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Ice Cream Market expected to witness significant growth especially in developing economies during the forecast period
According to the report, the global ice cream industry generated $68.05 billion in 2020, and is anticipated to generate $122.05 billion by 2031, witnessing a CAGR of 5.0% from 2022 to 2031. Prime determinants of growth Expansion of these retail channels and exotic flavors of ice creams drive the growth of the global ice cream market. However, health concerns associated …