Asia Pacific Ice Cream Market Size & Outlook, 2023-2030
Asia Pacific ice cream market, 2017-2030 (US$M)
Related Markets
Asia Pacific ice cream market highlights
- The Asia Pacific ice cream market generated a revenue of USD 42,150.0 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, bars was the largest revenue generating product in 2023.
- Cones is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 42,150.0 million |
| Market revenue in 2030 | USD 56,804.1 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Bars |
| Fastest growing segment | Cones |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cartons, Tubs, Cups, Cones, Bars |
| Key market players worldwide | Unilever PLC, Inspire Brands, General Mills Inc, Nestle SA, Kahala Brands, Danone SA, NadaMoo |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.2% of the global ice cream market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 56,804.1 million by 2030.
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Ice Cream Market Scope
Ice Cream Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific ice cream market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ice cream market will help companies and investors design strategic landscapes.
Bars was the largest segment with a revenue share of 32.76% in 2023. Horizon Databook has segmented the Asia Pacific ice cream market based on cartons, tubs, cups, cones, bars covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is the largest ice cream market in the world with Japan, China, South Korea, and India holding the largest share in the region. Climatic conditions in countries such as India is significantly driving the demand for ice cream, thereby contributing to the retail sales in the country.
The take home ice cream in South Korea has declined considerably owing to rising demand for impulse and artisanal ice creams as consumers try to eat ice creams at food service outlets. The region is expected to show the fastest growth owing to favorable climate conditions and growing consumer base in countries such as China and India.
However, logistic barriers and lack of freezers in larger markets such as India and China is anticipated to limit the market growth during the forecast period.
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Target buyers of Asia Pacific ice cream market databook
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Our clientele includes a mix of ice cream market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ice cream market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ice cream market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific ice cream market size, by country, 2017-2030 (US$M)
Asia Pacific Ice Cream Market Outlook Share, 2023 & 2030 (US$M)
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