Extruded Ice Cream Market Size, Share, Growth and Forecast Overview

The extruded ice cream market was valued at USD 8.59 billion in 2022 and is projected to grow from USD 9.12 billion in 2023 to USD 15.01 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.37% during the forecast period.

Extrusion is a manufacturing technique used to create ice cream products with unique shapes and designs. In this process, raw materials are forced through a die that imparts specific shapes and textures to the finished products. The equipment involved helps blend raw materials effectively and enhances product stability. With increasing consumer demand for novelty ice cream products featuring intricate shapes and designs, the market for extruded ice cream is expected to expand rapidly.

This information is provided in the report titled “Extruded Ice Cream Market, 2023-2030” by Fortune Business Insights™.

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Segments

Stick Bars Segment Growth to Grow Owing to the Convenience of Eating Ice Cream with Ease

Based on product type, the market is divided into stick bars, sandwiches, cones, and others. The stick bars segment accounts for the largest market share in 2022. The segment’s growth is driven due to the convenience of consumers to eat ice creams.

Innovative and Unique Flavors to Drive Mixed Segment Growth

By flavor, the market is classified into chocolate, strawberry, caramel, mixed, and others. The mixed segment holds the largest extruded ice cream market share. The growth is attributed to the innovative and unique flavors offered by several brands, such as Haagen Daaz, Klondike, and Breyers, to attract new consumers to purchase their products.

Wide Product Range Availability to Drive Supermarkets/Hypermarkets Segment Growth

By distribution channel, the market is categorized into supermarkets/hypermarkets, ice cream parlors, online retailers, and others. The supermarkets/hypermarkets held the largest market share in 2022. The growth is attributed to the wide availability of industrially produced extruded ice cream novelties produced by key players, including Nestle S.A., Unilever, and others in supermarkets/hypermarkets.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report comprehensively covers major growth drivers, restraining factors, opportunities, and potential challenges within the market. It provides detailed insights into regional developments, profiles of major industry players, key strategies adopted by market participants, and the latest industry developments, including product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Rising Demand for Novel Ice Cream Products to Aid Market Growth

The growing demand for innovative ice cream products, spurred by advancements in extrusion technology, is expected to drive growth in the extruded ice cream market over the forecast period. The adoption of Western food habits has also led to increased sales of frozen foods, including ice cream, in Asian and Middle Eastern countries.

However, the higher cost of novel ice cream compared to traditionally produced varieties may pose a challenge to market growth during the projected period. Addressing cost concerns will be important for maintaining market momentum and expanding consumer access to these innovative products.

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Regional Insights

Growing Demand of Impulse Ice Creams Among Health-Conscious Consumers to Drive Market Growth in Europe

In 2022, Europe led the extruded ice cream market with a valuation of USD 4.5 billion, holding the largest market share. The region’s growth is driven by the increasing demand for impulse ice creams among health-conscious consumers, who prefer products in smaller packaging formats such as ice cream bars, sandwiches, and cones.

Conversely, the Asia Pacific region is expected to experience the highest growth during the forecast period. This expansion is fueled by the growing adoption of Western food culture and rising disposable incomes, which are boosting demand for extruded ice cream products across the region.

Competitive Landscape

Growing Advanced Technologies Adoption by Key Players to Drive Market Growth

The extruded ice cream market features prominent players such as General Mills, Unilever PLC, Nestle S.A., among others. These companies are utilizing advanced technologies, like continuous freezers, to enhance production efficiency and scale up the manufacturing of extruded ice cream.

A notable trend is the collaboration between startups and established industry players to launch limited edition products. This strategy is expected to drive market growth throughout the forecast period by attracting consumer interest and expanding product offerings.

Key Industry Development

• May 2019 – Mars Wrigley Confectionery introduced new single-service ice creams, including Snickers Dark Chocolate and Twix Triple Chocolate ice cream bars. Mars Wrigley Confectionery expanded its ice cream product line to fulfill the increasing demand for summer treats among its customers.

List of Key Players Present in the Report:

• 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.)

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