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U.S. - Ice Cream - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

U.S. - Ice Cream - Market Analysis, Forecast, Size, Trends And Insights

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Jun 4, 2021

American Ice Cream Market Hits Record Highs Despite the Pandemic

IndexBox has just published a new report: 'U.S. Ice Cream And Frozen Dessert Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

In 2020, despite the pandemic, the total ice cream consumption in the U.S. increased by 4.3% to 3.8M tons, rising for the second year in a row. Lockdown waves affected the sales channels, as people started to purchase ice cream more often in hypermarkets than in cafes. This also led to a shift in packaging from bulk HoReCa containers to family and single packs suitable for different scenarios of home eating.

Key Trends and Insights

Ice cream is an established and popular dessert among Americans. The U.S. features amongst the largest ice cream-consuming countries in the world. Particularly high demand for the product is observed in Wisconsin, Illinois, Michigan, Ohio, and Indiana.

The pandemic did not lead to a reduction in the consumption of ice cream in the U.S. but significantly affected the distribution channels for this product. The closure of the HoReCa segment and restrictions on the retail sector during the lockdown led to a decrease in sales in these sectors. People made fewer impulse purchases in small retail stores, while ice cream sales in large hypermarkets, especially in bulk packaging, increased dramatically, as consumers began to “stock up for future use” during the pandemic. This led to a shift in packaging from bulk containers for HoReCa to family and single-person packs suitable for different scenarios of home eating.

As quarantine restrictions ease, the ice cream market is stabilizing in the new environment. The onset of the summer season should give a new impetus to market growth since traditionally high sales volumes are recorded in the period from May to September.

Consumer preference monitoring and marketing campaigns remain key tools in driving ice cream sales. Traditional vanilla and chocolate ice cream enjoy robust demand, while among the fruit types of ice cream, strawberry remains the most popular, and among the nut types - ice cream with a pecan flavor. Manufacturers are expected to expand their product range with new flavors and “innovative products” such as low-calorie diet ice cream, vegan soy ice cream, and handmade ice cream. In the context of the trend towards a healthy lifestyle, consumer preferences are expected to shift towards ice cream with natural ingredients, without artificial colors and flavors.

Should the pandemic wane in 2021, the market is set to recover gradually. Rising demand from the growing population in the U.S. should become the key driver of the market growth. The more people are involved in the vaccination, the faster they can return to pre-pandemic behavior patterns. When the limitations on HoReCa and tourism could be lifted, it should propel the market growth. Against these prerequisites, the ice cream market is projected to expand with an annual anticipating rate of +0.3% over the next decade, which is set to bring 4.8M tons by 2030.

Ice Cream Imports into the U.S.

For the third year in a row, the U.S. recorded growth in purchases abroad of ice cream and frozen dessert, which increased by 39% to 39K tons in 2020. In value terms, ice cream imports soared to $139M (IndexBox estimates) in 2020.

In 2020, Mexico (12K tons) constituted the largest supplier of ice cream to the U.S., with a 30% share of total imports. Moreover, ice cream imports from Mexico exceeded the figures recorded by the second-largest supplier, South Korea (3.9K tons), threefold. The third position in this ranking was occupied by Taiwan (Chinese) (3K tons), with a 7.8% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+9.3% per year) and Taiwan (Chinese) (+33.7% per year).

In value terms, Taiwan (Chinese) ($24M), South Korea ($16M) and Canada ($14M) were the largest ice cream suppliers to the U.S., together comprising 38% of total imports. These countries were followed by Italy, South Africa, Germany, Russia, Thailand, Mexico, Israel, Belgium, India and Lithuania, which together accounted for a further 47%.

In 2020, the average ice cream import price amounted to $3,570 per ton, rising by 19% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Taiwan (Chinese) ($7,841 per ton), while the price for Mexico ($360 per ton) was amongst the lowest.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ice cream market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10521000 - Ice cream and other edible ice (including sherbet, lollipops) (excluding mixes and bases for ice cream)

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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