The global alcohol-infused ice cream market was valued at $786.7 million in 2021, and is projected to reach $1.4 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
Alcohol-infused ice cream is ice cream containing alcohol. Other types of alcohol besides denatured alcohol are utilized in the ice cream. Under M.G.L. c.138, 2, the Liquor Control Act regulates this alcohol. An alcohol-infused ice cream is classified as a nonbeverage product when the TTB considers it a food product. Alcohol-infused ice cream is a culinary product that only contains enough alcohol to flavor it. Demand for alcohol ice cream is rising, which is creating controversy in the dairy industry as it contains 0.5% to 8% of infused alcohol. Alcoholic ice cream is one of the products that has a variety of flavors and tastes, which the consumer prefers over other tasty and delicious food products. To create an alcohol-infused ice cream that is more palatable, producers are adding various flavors and tastes. Thus, increasing flavors in alcohol infused ice cream and popularity for alcohol infused food products are likely to support for the growth of the alcohol-infused ice cream market during forecast period.
The popularity of ice cream flavors containing liquor flavors including vodka, rum, wine, whiskey, martini, and bourbon is increased by the availability of these flavors. Demand for alcoholic ice cream is anticipated to increase as a result of strong and steady consumer spending in developed nations and growing consumer spending in developing nations. The availability of several liquor flavors and a wide variety of ice cream flavors would provide consumers more alternatives and broaden their decision-making horizons is likely to support for increasing the market share for alcohol-infused ice cream. The global market for liquor-flavored ice cream is very new, and many emerging nations have yet to adopt it. The millennial generation is driving the global market for Alcohol-infused ice cream and generation Z demand is predicted to grow alcohol-Iifused Iye Cceam market growth over the next several years.
Increase in impact of western culture, rapid urbanization, change in perception of consumers toward the consumption of alcohol based food products, and change in consumer preferences in the developing regions are anticipated to drive the growth of the global alcohol-infused ice cream market.
The improvement of the economy is a significant component in the market's expansion. A rise in consumer spending on high-end alcohol-based food products and rising per capita disposable income, which is predicted to fuel the expansion of the alcohol-infused ice cream industry. The standard of life is also predicted to rise, encouraging customers to visit bars, restaurants, and pubs, which in turn increases demand for alcohol-infused ice cream. Additionally, rising disposable income in Asia's emerging nations like China and India has increased consumer spending on alcoholic and non-alcoholic food items which contributes to the global alcohol-infused ice cream market's expansion.
The market for alcohol-infused ice cream is expected to rise over the forecast period This is majorly attributed to the growing millennial population and dynamic consumption pattern. The newly introduced alcoholic beverages and ice creams with alcohol flavor have been consistently influenced by young customers, who are seen to have a strong buying potential. The market for alcohol-infused ice cream is being further boosted by dynamic shifts in consumer tastes and a strong preference for flavorful, low-calorie food products. Developing countries including China, India, Indonesia, and the Philippines, are considered to be the lucrative markets, owing to growth in millennial population and rise in urbanization.
However, rise in innovations in the ice cream industry and availability of the close substitutes are likely to hamper the growth of the alcohol-infused ice cream market. Furthermore, pandemic disrupted growth of the business environment of every country, which is expected to be the major challenge for the alcohol-infused ice cream market growth.
According to the market analysis, the alcohol-infused ice cream market is segmented into flavor, application, distribution channel, and region. On the basis of type, the market is categorized into beer, rum, vodka and others. By ABV, it is segregated into low alcohol and high alcohol. On the basis of distribution channel, it is segmented online store and offline store. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, UAE, South Africa and Rest of LAMEA).
On the basis of flavor, the vodka segment accounted for around 28.9% of global alcohol-infused ice cream market share in 2021 and is expected to sustain its share during the forecast period. Vodka has gained significant popularity among the alcohol-infused ice cream consumers and is expected sustain its popularity during the forecast period.
On the basis of ABV, the low alcohol segment was valued at $517.6 million in 2021, and is expected to reach $897.0 million by 2031, with a CAGR of 6.0%. Alcohol-infused ice cream with 0.5 percent or less is expected to register the fastest growth during the forecast period. Low ABV content of such products is expected to attract health-conscious consumers over the next few years. Many brands are launching Alcohol-infused ice cream with 0.5 percent or less as consumers are preferring healthy and less alcohol content drinks. Rise in number of health-conscious consumers and increase in awareness regarding health hazards of low alcohol content infused ice cream drive the growth of this segment.
According to the alcohol-infused ice cream market trends, depending on the distribution channel, the offline store segment was valued at $495.7 million in 2021, and is expected to reach $843.7 million by 2031, with a CAGR of 5.8%. The offline store segment includes retail stores, distributors, and specialty stores. Retail stores provide the desired ease and choice of options for an evolving consumer. Market players are establishing new retail stores across various regions to extend their reach and increase their customer base. Furthermore, specialty stores are retail outlets that are engaged in the business of selling a range of associated products. Consumers across the globe use offline store segments for their purchasing. The stores are organized and sorted by product categories, making shopping more convenient. Offline store stores are now so common worldwide that they can be found in both urban and rural settings. Furthermore, these firms have a broad product selection, allowing customers to purchase all of their necessities at one place. The offline store segment of the global alcohol-infused ice cream has the biggest share of the distribution channel segment. Thus, increase in sales points for the alcohol-infused ice cream is expected to generate alcohol-infused ice crea market demand during the forecast period.
According to the alcohol-infused ice cream market opportunity, region-wise, North America dominated the alcohol-infused ice cream market size in 2021, and is expected to sustain its dominance throughout the alcohol-infused ice cream market forecast period. The North America alcohol-infused ice cream market is expected to grow significantly, owing to the increase demand of the alcoholic-infused product in the market. such as the U.S. and Canada. Moreover, different alcohols have been used to produce the Alcohol-infused ice cream, with the addition of multiple flavors it became the diversified food products for the consumers. Furthermore, along with the sweet taste, alcoholic ice cream is also offerings the buzz feeling to the consumers. The whiskey, rum and other hard alcoholic drinks also increase the alcohol content in ice cream. Increase in demand for new flavors in the region may possess new opportunities for the market players. Furthermore, presence of number of players operating in in U.S. and Canada is likely to spur the North America alcohol-infused ice cream market size growth during forecast period.
The players operating in the global alcohol-infused ice cream market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Arctic buzz, Aubi & Ramsa, ben & jerry's homemade, inc, Buzz Bar, LLC., clementine's, dizzy brands, Haagen Dazes, Hardscoop, JENI'S SPLENDID ICE CREAMS, LLC., liq, Mercer's Dairy wine ice cream, New Orleans Ice Cream Company, ODD FELLOWS, POP’d LTD , Proof ice cream, Quore Gelato, Snobar cockails, Speak easy ice creams ltd, Swalt and straw, Tipsy Scoops.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the alcohol-infused ice cream market analysis from 2021 to 2031 to identify the prevailing alcohol-infused ice cream market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the alcohol-infused ice cream market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global alcohol-infused ice cream market trends, key players, market segments, application areas, and market growth strategies.
Alcohol-Infused Ice Cream Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 1.4 billion |
 Growth Rate | CAGR of 6.2% |
 Forecast period | 2021 - 2031 |
 Report Pages | 210 |
 By ABV |
|
 By Distribution channel |
|
 By Flavor |
|
 By Region |
|
 Key Market Players | Tipsy Scoop LLC., Jeni's Splendid Ice Creams, LLC., DizziBrands, LLC, Haagen-Dazs, Quore Gelato, Salt & Straw, LLC., Ben & Jerry's Homemade, Inc., Mercer's Dairy, LiQ NV, Hardscoop, Inc., Speakeasy Ice Creams Limited, Buzz Bar, LLC. , POPd Ltd., Aubi & Ramsa 21 Ice Cream Co., SnoBar Cocktails, PROOF Alcohol Ice Cream, Oddfellows Ice Cream Company, New Orleans Ice Cream Company, Arctic Buzz Ice Cream, Clementine's Naughty and Nice Creamery |
Analyst Review
A number of factors are causing the global market for alcohol-infused ice cream to grow quickly. As per the perspective of top-level CXOs, the global alcohol-infused ice cream market has been dominated by North America, and this dominance is anticipated to continue over the forecast period, Alcohol-infused ice cream is replacing more and more different alcoholic and non-alcoholic drinks, such wine and beer. Consumers of alcohol-infused food products are being encouraged to purchase Alcohol-infused ice cream by the increasing innovation in beverage packaging and product enhancements in the alcohol infused ice cream. Sales of Alcohol-infused ice cream in the US market have increased because to growing customer preferences for low- and flavored alcohol-infused food products that are also health aware. Additionally, due to hand free and door step delivery, as well as significant savings, online businesses have attracted a lot of interest from the millennial demographic during the pandemic, supporting the expansion of the alcohol-infused ice cream market.
However, North America has approved to manufacture and sell alcoholic-infused ice cream. This legislation will help the state’s dairy workers, liquor producers, restaurants and retailers meet an increasing consumer demand for alcoholic ice cream. Moreover, the ice cream contains wine, beer or hard cider was already legal in the state. Additionally, it is projected that rising consumer demand, innovative marketing strategy and new product launches by major companies would all contribute to the market’s expansion.
The global alcohol-infused ice cream market size was valued at $786.7 million in 2021, and is estimated to reach $1,393.7 million by 2031.
6.2% is the CAGR of alcohol-infused ice cream market.
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2021 is the base year calculated in the alcohol-infused ice cream market report.
Arctic buzz, Aubi & Ramsa, ben & jerry's homemade, inc, Buzz Bar, LLC., clementine's, dizzy brands, Haagen Dazes and Hardscoop are some of the top companies in the alcohol-infused ice cream market report.
The alcohol-infused ice cream market is segmented into flavour, ABV distribution channel and region.
Rise in urban population and the adoption of western culture, especially in Asia Pacific region, growing demand for alcohol-infused food products are some of the key factors shaping the growth of the alcohol-infused ice cream market.
North America region holds the maximum market share of the alcohol-infused ice cream market.
Outbreak of COVID-19 was negatively impacted the growth of the alcohol-infused ice cream market in 2020.
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