Dairy Foods- All the latest about ice cream ingredients

Although health trends continue to get more publicity, indulgence is still in vogue.

July 03, 2024

Dairy Foods- All the latest about ice cream ingredients

The global ice cream market is expected to reach $91 billion in global retail sales by the end of this year. Volume growth is expected to expand at a compound annual growth rate (CAGR) of 5.7% for 2025, 2026 and 2027, respectively, according to Euromonitor.

Three-quarters of global consumers are excited about trying new ice cream experiences, according to research conducted by Barry Callebaut.

Ingredients are the key drivers of ice cream products, allowing consumers to indulge in many new flavor experiences. In fact, the hottest trends in ice cream include unique flavors like florals and botanicals and familiar flavors like bakery flavors, Shannon Fitzgerald, marketing manager, Balchem, Montvale, N.J., tells Dairy Foods. 

“These flavors will bring nostalgia to one’s palette but also introduce exciting twists. More than 50% of U.S. Gen Z consumers would be motivated to purchase more frozen treats with baked good flavors,” Fitzgerald states, citing Mintel’s “Enhancing Consumer Experiences with Ice Cream” report. 

There is definitely a market for reduced sugar and healthy ingredients, but from Pecan Deluxe’s perspective, “It still seems very niche and hasn’t gained the traction we thought it would two-plus years ago,” maintains Smokey Waters, director of culinary for the Dallas-based company. “We show less indulgent items and concepts, but the customers always come back to something that is decadent and comforting. Ice cream is traditionally used as an item to treat yourself and indulgence continues to be king and drive the market.”

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