The global artisanal ice cream market was valued at US$ 11,642.2 Million in 2018, according to Global Artisanal Ice Cream Market Report, by Flavor (Chocolate, Vanilla, Fruit & Nuts, and Others), by Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online Channel, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
The global artisanal ice cream market is projected to reach US$ 22,075.2 Million by 2027, exhibiting a CAGR of 7.4% during the forecast period. Artisan ice cream is considered as a luxury and a premium frozen dessert. However, increasing urbanization, changing food habits, and rising disposable income, especially in emerging economies are major factors driving growth of the global artisan ice cream market during the forecast period.
For instance, according to Organization for Economic Cooperation and Development, the global middle class populace is projected to increase from 1.8 billion in 2009 to 4.9 billion by 2030. Disposable income in China increased to US$ 5,278.3 in 2017 from US$ 3562.2 in 2012.
However, higher prices of artisanal ice creams compared to industrial ice creams is expected to restrain growth of the global artisanal ice cream market.
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Browse 27 market data tables* and 19 figures* on "Artisanal Ice Cream Market” - Global forecast to 2027.
Key Trends and Analysis of the Global Artisanal Ice Cream Market:
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