The gourmet ice cream market size is expected to grow by USD 8,851.79 million during the five-year forecast period, according to Technavio. As per the latest report, the market will progress at a CAGR of 14.32% during 2022-2027.
The increasing demand for premium products is identified as the key trend shaping the market. Consumers are demanding premium products that are of higher quality and feature specific origins, subtle flavors, and exotic and ethical ingredients. Improving consumer lifestyles due to rising disposable income and increasing health awareness are driving the demand for premium and gourmet ice cream products.
Moreover, the new premium ice cream products with reduced sugar and fat content are gaining popularity among consumers. Therefore, increasing demand for premium ice cream products is expected to drive the growth of the global gourmet ice cream market during the forecast period.
Growing awareness of the health benefits of consuming ice cream and rising health-conscious consumers in key markets such as North America and Europe have been the major drivers of ice cream growth in the gourmet ice cream market over the past five years. The sugar contained in gelato is mainly in the form of sucrose, which does not significantly increase the glycemic index. So even diabetics can consume a moderate amount of gelato. Also, gelato is enriched with B vitamins, calcium, and phosphorus to help strengthen bones. Therefore, increasing the health benefits of gelato is expected to drive the growth of the global gourmet ice cream market during the forecast period.
The market share growth by the gelato segment will be significant during the forecast period. This industry includes artisanal gelato, gourmet gelato, and cake gelato flavors. Growing health-conscious consumers in North America and Europe, increased demand for premium products, and increased availability of gourmet ice cream products in online retailers will contribute to the growth of the gourmet gelato-based ice cream segment during the forecast period.
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