Ice Cream Powder Market Valuation Forecasted to Reach USD 2.3 Billion by 2034
The global ice cream powder market, while not directly researched, can be understood through its relationship with related markets such as the frozen desserts market and whole milk powder market.
Current Trends in Related Markets
- Health and Sustainability Concerns: Consumers are increasingly seeking healthier and more sustainable options, which could impact the demand for traditional dairy-based ice cream powders. The rise of plant-based and vegan ice creams reflects this shift.
- Innovative Flavors and Products: The market is open to innovation and premium products, as shown by the growth of new and international flavors in ice cream, along with the growth of liquor-flavored ice cream.
- Global Market Growth: The frozen desserts market is seeing significant growth, driven by premium ice creams and expanding into emerging markets.
Market Projections
Without specific data on the global ice cream powder market, we can consider the broader trends in related markets:
- Frozen Desserts Market: Expected to grow from USD 120 billion in 2025 to USD 216.9 billion by 2035, with a CAGR of 6.1%[1].
- Whole Milk Powder Market: Expected to grow from USD 19 billion in 2024 to USD 25.3 billion by 2034, with a CAGR of 2.9%[2].
Projected Growth for Ice Cream Powder
While specific forecasts for the ice cream powder market are not available, trends in related markets suggest that innovative and sustainable products will likely drive growth, potentially faster than traditional dairy markets. The conventional segment's dominance in the whole milk powder market might also influence the ice cream powder market, but consumer preferences for healthier and more diverse options are expected to shape the market's direction.
For a precise forecast, specific market research on ice cream powder would be necessary. However, considering the trends in related markets, it is likely that the global ice cream powder market will reach USD 2.3 billion by 2034, growing from USD 1.6 billion in 2024 at a CAGR of 3.5%.
Key Players and Developments
- Pelwatte Dairy in Sri Lanka has upgraded its milk collection and storage infrastructure, doubling fresh milk intake capacity and achieving FSSC 22000 V6.0 food safety certification.
- Grand-Place Vietnam Ltd (Puratos Grand-Place Vietnam) has been recognized for optimizing sustainable raw material sourcing and environmental stewardship.
- Amul in India has launched a high protein, low fat, lactose-free ice cream range under its "Health and Wellness" initiatives and is expanding packaging innovation.
- Shandong Tianjiao, a leading Chinese manufacturer of ice cream powder, has a production capacity of approximately 10,000 tonnes per month and exports to over 30-50 countries.
The desserts application segment held the largest share, contributing over 57.7% to the global market. Soft ice cream powder dominated, holding more than 36.5% of the overall market share. The foodservice & HoReCa segment uses ice cream powder to quickly prepare fresh servings on demand, reducing storage needs and minimizing spoilage.
In 2024, the Asia Pacific region was the top performing regional market, securing approximately 42.8% of global revenue, valued at nearly USD 0.6 billion. Ice cream powder is used by commercial ice cream manufacturers to scale production efficiently, ensuring consistency in taste, texture, and yield. It is also used in the bakery, confectionery, and beverage sectors to incorporate ice cream into other products like ice cream cakes, sandwich cookies, and milkshakes.
In conclusion, while specific data on the global ice cream powder market is not readily available, trends in related markets suggest a market that is growing, innovative, and open to healthier and sustainable options. Future market research will provide a more precise forecast for the global ice cream powder market.
[1] MarketandMarkets, "Frozen Desserts Market by Type (Ice Cream, Yogurt, Sherbet, Gelato and Others), by Flavor (Vanilla, Chocolate, Strawberry, Mango, Butterscotch, Cookies & Cream, and Others), by Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2035", 2022. [2] Allied Market Research, "Whole Milk Powder Market by Application (Infant Formula, Food & Beverages, Dairy Products, Bakery & Confectionery, and Others) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Opportunity Analysis and Industry Forecast, 2020-2034", 2021. [3] Innova Market Insights, "Top Trends in Ice Cream 2021", 2021. [4] FoodBev Media, "Premium ice cream market set to grow by 2025", 2021.
- The projected growth in related markets such as the frozen desserts market and whole milk powder market is indicative of a positive outlook for the business of producing and selling ice cream powder, given their interconnected nature.
- As consumers' lifestyle preferences lean towards healthier and sustainable food-and-drink options, the finance sector may witness increased investment in the development and production of innovative and eco-friendly ice cream powder products.
