Ice Cream Parlor Market - By Type (Independent, Franchise), By Product (Traditional Ice Cream, Artisanal Ice Cream), Forecast, 2023 - 2032

Ice Cream Parlor Market Size

Ice Cream Parlor Market size was valued at USD 13.2 billion in 2022 and is estimated to register a CAGR of over 4.5% between 2023 and 2032. Innovations in flavors and products played a pivotal role in propelling the market growth.
 

Ice cream parlors continually pushed the boundaries of creativity, introducing exotic and gourmet flavor profiles that captivated consumers seeking novel taste experiences. They diversified their offerings with imaginative dessert creations such as ice cream sandwiches, extravagant sundaes, and build-your-own desserts. This garnered the attention of customers with a wide array of delectable choices, fostering a sense of excitement and indulgence in them.
 

The new offerings in flavors & products present lucrative growth opportunities for the market and are expected to boost extensively over the forecast period. For instance, in November 2022, Yauatcha enhanced its culinary offerings with the introduction of an inaugural selection of high-end artisanal ice creams. The hazelnut praline ice cream combines a chocolate base with a blend of crunchy & velvety textures, heightened by the rich nutty essence of hazelnuts. Meanwhile, the pecan & coffee ice cream is a mixture of buttery notes and nuttiness, balanced atop a creamy base.
 

Seasonal fluctuations in demand can hinder the ice cream parlor market growth by creating revenue disparities throughout the year. Ice cream sales tend to peak during warmer months, leaving parlors with reduced income during colder seasons. This uneven cash flow can strain operational budgets, making it challenging to invest in marketing, innovation, and expansion efforts consistently. To overcome this challenge, ice cream parlors may need to diversify their products or implement strategies to attract customers during off-peak periods.
 

COVID-19 Impact

The COVID-19 pandemic significantly impacted the ice cream parlor market. Supply chain disruptions affected the availability of ingredients and packaging materials, leading to production delays and increased costs. Health concerns related to serving cold treats in enclosed spaces raised customer apprehensions. Ice cream parlors had to adapt by implementing stringent health & safety measures, offering takeout & delivery options, and diversifying their product lines to include items suitable for outdoor consumption such as pints & pre-packaged novelties.
 

Ice Cream Parlor Market Trends

Collaborations between ice cream companies and movies, resulting in movie-themed ice creams, have proven to be a lucrative growth strategy for the market. These collaborations generate buzz among consumers, garnering the attention of both moviegoers and ice cream lovers. For instance, in July 2023, Baskin Robbins, an American multinational ice cream chain, forged a strategic partnership with Barbie The Movie, becoming its designated dessert collaborator in India. For the film’s exclusive theatrical debut in July 2023, Baskin Robbins paid tribute to Barbie the Movie by introducing the ice cream, Mermaid Sundae. This synergy between entertainment and indulgence enhances brand visibility, customer engagement, and revenue for ice cream parlors.
 

Ice Cream Parlor Market Analysis

Based on type, the ice cream parlor market is categorized into independent and franchise. The franchise segment held a business share of over 66% in 2022 and is expected to reach approximately 37% by 2032. The emerging ice cream companies are expanding by targeting untapped regions, fueling the growth of the franchise ice cream parlor segment. These companies leverage franchising models to establish a presence in new markets, capitalizing on local expertise and minimizing risks. For instance, in June 2023, GIANI Ice Cream Parlor, a well-known entity in the realm of frozen desserts, inaugurated its latest franchise at CT Square, Chümoukedima. GIANI Ice Cream Parlor has gained acclaim for its artisanal ice creams, sorbets, and an array of desserts. 
 

Based on product, the ice cream parlor market is divided into traditional ice cream and artisanal ice cream. The traditional ice cream segment held a dominant market share of 82% in 2022. Traditional ice cream's enduring appeal lies in its broad consumer acceptance and versatility. The classic flavors, such as vanilla, chocolate, and strawberry, induce nostalgia & comfort, making them a dependable choice in the market. Their mass appeal attracts diverse demographics, contributing to consistent sales. Traditional flavors serve as a canvas for crafting an array of desserts, enabling ice cream parlors to diversify their menu while maintaining a stable foundation of customer favorites. The balance between tradition and innovation is key to sustained growth and customer satisfaction.
 

Asia Pacific dominated the ice cream parlor market with a major share of over 41% in 2022. The surging demand for frozen snacks, particularly among the millennial population in the region, is significantly driving market expansion. As millennials prioritize convenience and diverse flavors, they are inclined to frequent ice cream parlors that offer innovative & unique frozen treats. This demographics for socializing in such establishments, coupled with their growing disposable incomes, amplifies growth potential of the market, creating new opportunities for ice cream parlors to cater to their preferences.
 

Ice Cream Parlor Market Share

The major players operating in the ice cream parlor market include

• Cold Stone Creamery
• Ben & Jerry's Homemade Inc.
• Baskin Robbins
• Blue Bell Creameries
• Fosselman's Ice Cream Company
• Natural Ice Creams
• Marble Slab Creamery

These companies focus on continuous innovation and product launches to cater to various consumer preferences. Also, these companies emphasize on expansion in geographical locations to increase their market revenue.
 

Ice Cream Parlor Industry News

• In August 2023, The Gujarat Cooperative Milk Marketing Federation (GCMMF), renowned for its Amul dairy product brand, embarked on an expansion strategy with a strong emphasis on premium offerings. The cooperative is actively setting up high-end ice cream parlors across India with plans to open 100 Amul Ice Lounge stores in FY2024.
   

The ice cream parlor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032 for the following segments:

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By Type, 2018 – 2032

• Independent
• Branded/Franchise

By Product, 2018 – 2032

• Traditional Ice Cream
• Artisanal Ice Cream

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia 
• South America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa