$6.6bn
$XXX.Xm
136k
17,059
$X.Xbn
Operators in the Ice Cream Stores industry serve dessert-craving customers a range of frozen treats, including ice cream, gelato and sorbet, as well as various toppings, ranging from crushed candies to flavored syrups. With rising per capita disposable income and per capita dairy consumption, ice cream stores have experienced a jump in demand over the past five years. With rising inflation pushing ice cream prices higher, consumers have opted for the ice cream gallons at the supermarkets, leaving the fresh-scooped cones or bowls offered at local ice cream shops. In 2020, industry revenue fell as consumers boosted stock-up activity at supermarkets and visited industry establishments less amid stay-at-home orders during the pandemic. Customers have gradually been returning to industry establishments considering growing vaccination rates, boosting industry revenue. Over the past five years, revenue has grown at a CAGR of 3.4% to $6.6 billion, including an expected 1.8% boost in 2023. Profit is expected to lag to 4.2% of revenue in 2023 from 4.6% in 2018.
Industry revenue has grown at a CAGR of 3.4 % over the past five years, to reach an estimated $6.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Cold Stone Creamery Inc. | 19.2 | 0.8 | 4.3 | |
Berkshire Hathaway Inc. | 1.4 | 0.1 | 7.1 |
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Industry revenue is measured across several distinct product and services lines, including Packaged ice cream, Ice cream served over a counter and Beverages served over a counter. Packaged ice cream is the largest segment of the Ice Cream Stores in the US.
Ice cream stores sell most ice cream over the counter
This industry comprises establishments that prepare or serve ice cream, ice cream treats, sorbet and gelato. Purchases may be consumed on-site, taken out or delivered. Ice cream is made from dairy products or dairy alternatives, such as soy milk. Gelato generally has a lower butterfat content than ice cream, while sorbet is a sweetened water that is flavored with fruit. Most stores offer ice cream, ice cream treats and ice cream with toppings.
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NAICS 72251 - Ice Cream Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Ice cream shops have attracted consumers by serving sorbet, a healthier, water-based product and changing their product offerings. These products come at a premium, which has...
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Drive-through service has become an increasingly popular option for ice cream stores. This service expanded strongly during the pandemic.
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The distribution of the population largely determines the geographic distribution of the Ice Cream Stores industry. As a service industry, ice cream stores depend on customer...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Ice cream stores have experienced heightened competition. Consumers opt for healthier dessert treats, such as frozen yogurt, instead of products like ice cream or gelato, whi...
Learn about the performance of the top companies in the industry.
No single ice cream store accounts for at least 5.0% of revenue. The industry is highly fragmented, with many small-scale stores scattered across the country.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Ice cream stores must follow labeling and product content guidelines set by the FDA. False content claims can result in penalties.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The cost structure for ice cream stores depends on the size, location and product portfolio. Profit has inched down in recent years due to hikes in milk prices.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Ice Cream Stores in the US industry in United States is $6.6bn in 2024.
There are 17,059 businesses in the Ice Cream Stores in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Ice Cream Stores in the US industry in United States has been growing at a CAGR of 3.4 % between 2019 and 2024.
Over the next five years, the Ice Cream Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Ice Cream Stores market in United States are Cold Stone Creamery Inc. and Berkshire Hathaway Inc.
Selling hard and soft-serve ice cream and Selling sorbet are part of the Ice Cream Stores in the US industry.
The company holding the most market share in United States is Cold Stone Creamery Inc..
The level of competition is moderate and steady in the Ice Cream Stores in the US industry in United States.