By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America Artisanal Ice Cream market accounts for the largest market share USD 14.6 billion in 2021 and is expected to exhibit a 7.43% CAGR due to the growing health and wellness consciousness is causing an increase in the consumption of organic or organically processed goods, including ice cream. Customers are drawn to some items because of the quality of the packaging and design. Such elements are taken into account throughout the production process, which prompts manufacturers to use distinctive package designs.
Further, the U.S. Artisanal Ice Cream market held the largest market share, and the Canada Artisanal Ice Cream market was the fastest-growing market in the North American region.
Further, the major countries studied are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: ARTISANAL ICE CREAM MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
Europe's Artisanal Ice Cream market accounted for the second-largest market share during the study period. This is due in part to the expansion of product portfolios by key manufacturers of Artisanal Ice Cream. Additionally, technological innovation is expected to positively influence the growth of the Artisanal Ice Cream market in the region. Further, the UK Artisanal Ice Cream market held the largest market share, and the Germany Artisanal Ice Cream market was the fastest-growing market in the European region.
The Asia-Pacific Artisanal Ice Cream market is expected to grow at a CAGR of 8.33% from 2022 to 2030. This is due to increasing per capita disposable income and the growth of middle-income groups in emerging economies. Moreover, the China Artisanal Ice Cream market held the largest market share, and the India Artisanal Ice Cream market was the fastest-growing market in the Asia-Pacific region.
For instance, the India Artisanal Ice Cream market is the favored destination for market players due to the popularity of Artisanal Ice Cream greatly growing. The rising acceptance of artisanal ice cream as a dessert is attributed to driving the expansion of this sector. Another element boosting market expansion is the rising consumption of high-quality ice cream products. China is the largest ice cream market in the area, which also generates the majority of the region's income. Other significant variables that are anticipated to sharply accelerate growth rates include the region's fast urbanization, rising per-capita earnings, and a growing population.
Thus, Asia- Over the projected period of 2022-2030, the Pacific is expected to increase at the fastest pace.