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Ice cream global trade data

Various market analysts predict an upward trend in the global ice cream market, particularly in Asia-Pacific and several emerging economies. Europe led global exports of ice cream in 2020, according to the Massachusetts Institute of Technology (MIT)’s Observatory of Economic Complexity.

According to the European Code for edible ices, the term “ice cream” is reserved for a product that (i) complies with the basic definition of edible ices (e.g. foodstuffs frozen from a liquid state to a more viscous texture and that are stored, transported, sold and consumed in a frozen state); and (ii) is an emulsion typically composed of water and/or milk, edible fats, proteins and sugars. [1]

 

The global ice cream market is estimated to reach USD 91.9 billion in 2027, a 30% increase from USD 70.9 billion in 2019. [2] According to market research analysts, Asia-Pacific is expected to witness the highest growth rate, owing to a rise in demand from emerging economies such as India, China, Indonesia, and others. [3] The LAMEA region (Latin America, Middle East and Africa) is also expected to show significant growth over the forecast period, owing to the rising demand for ice creams from younger demographics and emerging middle class. The LAMEA region accounted for one-sixth of the global ice cream market in 2020 and is projected to witness a CAGR of 5.3% from 2022 to 2031. Brazil accounted for approximately 50% of the LAMEA ice cream market share. [3]

 

Although ice cream consumption is typically seasonal, the market demand is considerable, as evidenced by the amounts of production, which reached over 2.9 billion litres in the E.U. and almost 5 billion litres in the U.S. in 2020. [4] In 2020, Germany was the main ice cream producer among the EU Member States, with a production of 642 million litres of ice cream. Germany was followed by France (2019 data: 516 million litres) and Italy (509 million litres in 2020). [5]

 

According to the MIT’s Observatory of Economic Complexity (OEC), Europe led global exports of ice cream in 2020. The top exporters of ice cream and other edible ice were Germany (USD 600M), France (USD 562M), Belgium (USD 417M), Netherlands (USD 342M), and Italy (USD 267M). [6]

 

World exporters of ice cream and other edible ice in 2020, ranked by value size in USD. [6]

 

 

Sources

[1] European Ice Cream Association. (2017). Code for Edible Ices, version 2013. EuroGlaces. https://www.euroglaces.eu/code-edible-ices

[2] IDFA - International Dairy Foods Association. (2022). Ice Cream Sales & Trends. IDFA. https://www.idfa.org/news/ice-cream-sales-trends

[3] Allied Market Research. (2022). Ice Cream Market Size, Share & Trends. Analysis Forecast 2031. Allied Market Research. https://www.alliedmarketresearch.com/ice-cream-market

[4] Nalbone, L., Vallone, L., Giarratana, F., Virgone, G., Lamberta, F., Marotta, S. M., Donato, G., Giuffrida, A., & Ziino, G. (2022). Microbial Risk Assessment of Industrial Ice Cream Marketed in Italy. Applied Sciences, 12(4), 1988. https://doi.org/10.3390/app12041988

[5] Eurostat. (2021, August 3). Where does your ice cream come from? https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20210803-1

[6] OEC - The Observatory of Economic Complexity. (2020). World trade of ice cream and other edible ice. OEC - The Observatory of Economic Complexity. https://oec.world/en/profile/hs/ice-cream-and-other-edible-ice