Ice Pops Industry Prospective:
The global Ice Pops market size was worth around USD 4.90 billion in 2022 and is predicted to grow to around USD 7.38 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.25% between 2023 and 2030.
Ice Pops Market: Overview
A frozen treat on a stick made of liquid is known as an ice pop. An ice pop is “quiescently” frozen, or frozen when at rest, and turns into a solid block of ice, unlike ice cream or sorbet, which are churned while freezing to avoid ice crystal formation. It is held by the stick, which serves as a handle. The frozen food item would be a freezie if there was no stick. Ice pops, commonly referred to as frozen snacks, are a fun way to cool down in the summer. Popsicles, ice lollipops, flavored ice pops, and dairy-free ice pops are cool frozen treats that come in a variety of flavors and come in a sweet and frosty shape, making them ideal for beating the heat. To offer consumers a broad variety of taste options, artificial flavors are occasionally employed in ice pops. Increased customer desire for cool frozen delights like ice pops supports the ice pop market expansion of ice pops throughout the anticipated timeframe.
- As per the analysis shared by our research analyst, the global Ice Pops market is estimated to grow annually at a CAGR of around 5.25% over the forecast period (2023–2030).
- In terms of revenue, the global Ice Pops market size was valued at around USD 4.90 billion in 2022 and is projected to reach USD 7.38 billion, by 2030.
- The global Ice Pops market is being driven by the increasing disposable income and rising urbanization.
- Based on the type, the fruit ice pops segment is expected to dominate the market during the forecast period.
- Based on the distribution channel, the supermarkets/hypermarkets segment is expected to hold the largest market share over the forecast period.
- Based on region, North America is expected to dominate the market over the forecast period.
Ice Pops Market: Growth Drivers
An increase in the number of available options and flavors drives the market growth
The market for ice pops has grown significantly as a result of the expansion of flavor options and variety. Because different consumers have varying taste preferences, ice pop producers may serve a larger range of customers by offering a variety of flavor options. Offering a broad variety of tastes, from traditional to novel and distinctive combinations, enables producers to delight and fulfill consumers with distinctive flavors. New -Ice Pop’s brand may stimulate curiosity and develop a buzz by introducing distinctive flavors or an insignificant selection. Customers usually respond to novel flavors that provide a distinctive tasting experience, which encourages them to try and purchase these goods. For instance, an Australian ice cream business called Aussie Brand introduced a line of sugar-free chocolate pops to the market in November 2021. The newly released Choc-Pop sweets have 90% fewer carbohydrates and 95% fewer sugars than the original version. It is created with a variety of ingredients, including almond milk, coconut cream, mint, and dark chocolate. Thus, this is expected to drive the global ice pop market growth over the analysis period.
Ice Pops Market: Restraints
Concerns related to health hamper market growth
The increased knowledge of nutrition and health issues is one of the main factors limiting the market for ice pops. A lot of ice pops are loaded with sugar, chemicals, and artificial colors. There is a need for healthier solutions with lower sugar content and natural ingredients as customers grow more health conscious. This has raised the focus on ice pops’ nutritional status and may affect sales of the classic, high-sugar varieties. Thus, the concerns related to health hampering the ice pop industry growth
Ice Pops Market: Opportunities
Growing demand for healthy snacks offers a lucrative opportunity for market expansion
More health-conscious consumers are seeking snacks that support their wellness objectives. In place of conventional sweets or snacks, ice pops are produced with natural ingredients, genuine fruits, and little additives. There has been a desire for healthier frozen meals like ice pops as a result of the growing emphasis on health. The nutritional advantages of actual fruit or organic additions are frequently present in healthy ice cubes. They can provide a nutrient-dense alternative to low-calorie foods by serving as a source of vitamins, minerals, and antioxidants. The accessibility of ice, which has many health advantages, increases its appeal. Ice pops provide regulated nibbles, making them the perfect treat for anyone watching their calorie consumption. Manufacturers have responded to this desire by providing reduced-sugar, low-calorie, and even sugar-free ice pops. These products support and appeal to customers searching for healthy snacks, which grows the market. Therefore, this is expected to offer a lucrative opportunity for ice pop market growth during the forecast period.
Ice Pops Market: Challenges
Seasonal demand for ice pops poses a major challenge to market growth
Ice pops are especially associated with warm weather; they are typically consumed in the summer or in warmer locations, where the demand for ice reduces dramatically due to winter or short summers, resulting in a decline in manufacturer revenue. Ice pop production planning and management of stocks are complicated by the seasonality of the product. Producers are obliged to predict fluctuations in demand and modify production levels accordingly, which may lead to excess inventory and seasonal ice demand with limited access options. The ice pops’ seasonality may put pressure on price. For ice pop makers, combining competitive pricing with profitability can be a challenge. Producers may need to change their pricing methods to stay competitive at peak seasons, as well as how they maintain profit margins. Thus, acting as a major challenge to the market growth.
Ice Pops Market: Segmentation
The global Ice Pops industry is segmented based on type, flavor, application, distribution channel, and region.
Based on the type, the global market is bifurcated into fruit ice pops, dairy ice pops, and sugar-free ice pops. The fruit ice pops segment is expected to dominate the market during the forecast period owing to the health benefits. Fruit ice pops are a great source of vitamins, minerals, antioxidants, and dietary fiber, depending on the fruits used. For instance, berries are known for their high antioxidant content. In addition, compared to traditional ice pops, which can be high in empty calories from sugars and artificial additives, fruit ice pops are generally lower in calories and offer more nutritional value. Thus, driving the segment expansion.
Based on the flavor, the ice pop industry is bifurcated into chocolate, vanilla, mango, strawberry, and others.
Based on the application, the market is bifurcated into residential, commercial, and institutional.
Based on the distribution channel, the global ice pop industry is bifurcated into supermarkets/hypermarkets, convenience stores, and online retailers. The supermarkets/hypermarkets segment is expected to hold the largest market share over the forecast period. Supermarkets and hypermarkets offer a diverse selection of ice pops, including various flavors, sizes, and brands. This wide range allows consumers to choose products that suit their preferences and dietary requirements. Moreover, these retail outlets often run promotions, discounts, and bundle deals on ice pops, especially during peak seasons like summer. This encourages consumers to purchase larger quantities and try new flavors. Thereby, driving the segment growth over the forecast period.
Ice Pops Market: Report Scope
Report AttributesReport DetailsReport NameIce Pops MarketMarket Size in 2022USD 4.90 BillionMarket Forecast in 2030USD 7.38 BillionGrowth RateCAGR of 5.25%Number of Pages211Key Companies CoveredUnilever, Nestle, Mengniu, Yili, Akagi Nyugyo, Meiji, Daqing Ruby Ice Cream, Lotte, Jel Sert, Jinan Qunkang, Alamance Foods, GoodPop, Chloe’s Fruit, Mr Freeze, Deebees, and others.Segments CoveredBy Type, By Flavor, By Application, By Distribution Channel, and By RegionRegions CoveredNorth America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)Base Year2022Historical Year2017 to 2021Forecast Year2023–2030Customization ScopeAvail customized purchase options to meet your exact research needs. Request For Customization
Ice Pops Market: Regional Analysis
North America is expected to dominate the market during the forecast period
North America is expected to dominate the global ice pop market during the forecast period. Ice pop demand varies seasonally in North America, with summer months seeing the highest levels of consumption. Depending on the locale, this seasonality might differ, with hotter regions having more constant demand. Moreover, a growing number of variables, including customer desire, convenience, and taste, are driving up demand for ice pops and other frozen delicious foods. Most notably during the summer months, consumers are searching for convenient and healthful cuisine. Ice pop sales have been impacted by an emphasis on health and fitness.
Consumers are searching for products with clean, natural, and healthy labeling, such as ice pops produced from actual fruit or those that have been substantially fortified with vitamins and minerals. To cater to consumer tastes, ice pop manufacturers in North America release a broad array of flavors and inventive combinations. This covers goods that meet special dietary criteria or play a role in the natural and organic alternatives market. For instance, the French introduced Ketchup ice pops in North America in June 2022. These ice pops were made in association with the Happy Pops brand using only Canadian tomatoes. Thus, driving the market growth over the forecast period.
Ice Pops Market: Competitive Analysis
The global Ice Pops market is dominated by players like:
- Akagi Nyugyo
- Daqing Ruby Ice Cream
- Jel Sert
- Jinan Qunkang
- Alamance Foods
- Chloe’s Fruit
- Mr Freeze
The global Ice Pops market is segmented as follows:
- Fruit Ice Pops
- Dairy Ice Pops
- Sugar-free Ice Pops
By Distribution Channel
- Convenience Stores
- Online Retailers
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa