Press release
Alcohol-Infused Ice Cream Market Latest Trends and Future Aspect Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Alcoholic Energy Drinks Market Size, Share & Trends Analysis Report By ABV (Low Alcohol And High Alcohol), Distributional Channel (Offline And Online Stores) And Flavor (Beer, Rum, Vodka, and Others)- Market Outlook And Industry Analysis 2024-2031"
The global alcohol-infused ice cream market is estimated to reach over USD 1.62 billion by 2024-2031, exhibiting a CAGR of 7.97% during the forecast period.
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Because it mixes sweetness with a subtle buzz, alcoholic-infused ice cream is becoming more and more popular. The amount of alcohol consumed by people is changing as per capita income rises. Flavorful and incredibly delicious food products are in demand, and ice cream with alcohol added is one of the many kinds available. Because alcohol-infused ice cream was made with a lot of different alcoholic beverages, adding different tastes made it a more varied food item for consumers. Customers who consume alcohol-infused ice cream also experience a rush in addition to its sweet taste.
The alcohol content in ice cream is also increased by hard alcoholic beverages such as rum, whiskey, and others. The market for alcohol-infused ice cream is expanding worldwide, but customers need to be better informed about this product. Market players will profit from favourable prospects in the global alcohol-infused ice cream market throughout the projected period as long as alcohol consumption rises internationally. Due to the increased availability of options, including beer and rum ice cream, consumers are selecting ice cream infused with alcohol, as evidenced by the rising popularity of such products.
This improves the prospects for businesses in the worldwide ice cream industry with alcohol content. New legislation passed by the government may also restrict market expansion. The government restricts the purchase and distribution of alcoholic beverages in certain places. Given this, more innovation in ice cream with alcohol content could lead to market expansion.
List of Prominent Players in the Alcohol-Infused Ice Cream Market:
• Buzz Bar, LLC.
• Quore Gelato
• Speakeasy Ice Creams Limited
• Haagen-Dazs
• SnoBar Cocktails
• PROOF Alcohol-infused ice cream
• Hardscoop, Inc.
• Tipsy Scoop LLC.
• Arctic Buzz Ice Cream
• POPd Lt
• Clementine's Naughty and Nice Creamery
• Ben & Jerry's Homemade, Inc
• Aubi & Ramsa 21 Ice Cream Co.
• DizziBrands
• New Orleans Ice Cream Company
• Mercer's Dairy
• LiQ NV
• Salt & Straw, LLC.
• Jeni's Splendid Ice Creams, LLC.
• Oddfellows Ice Cream Company
Market Dynamics:
Drivers-
Major ice cream producers are also creating new frozen alcohol products with varying alcohol content. In addition, alcohol is used to prepare various dishes, and its use in ice cream has grown. Due to the growing popularity of alcohol consumption, products with alcohol in them are becoming quite popular all over the world. Products with various flavors, including rum, whiskey, wine, and others, are being introduced by speculators in the alcohol-infused ice cream market. Due to continued innovation in taste, flavors, packaging, and other areas, the public is shifting toward sophisticated, moderate, and expensive beverage-based products like alcohol-infused ice cream. Thus, throughout the forecast period, it is projected that the reasons mentioned above will bolster the expansion of the alcohol-infused ice cream market segment.
Challenges:
The main issue is a lack of awareness and recognition of products in developing nations, which is expected to slow the market's expansion for alcohol-infused ice cream. The abundance of alcoholic [products and the expensive price of alcohol-infused ice cream, however, is likely to impede the market's economic expansion over the next years.
Regional Trends:
The North America alcohol-infused ice cream market is expected to register a major market share. This is primarily due to pubs and restaurants increasing their mainstream and drunken beverages and food selections, as well as producers introducing new flavors of alcohol-infused ice cream. These regions were the primary markets for developing alcohol-infused ice cream due to higher alcohol appetite and widespread usage of alcohol in various cuisines. The presence of major players in the area also contributes to the expansion of alcohol-infused ice cream in these areas.
Besides, the Asia Pacific region had a substantial share in the market due to the citizenry's widespread alcohol intake and commitment to health. The market in this area is expanding due to rising interest in customized ice cream. Significant firms are also helping the growth of the alcohol-infused ice cream market in these areas.
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Recent Developments:
• In 2020, Tipsy Scoop Introduced a new line of alcohol-infused ice creams. Six new flavors were released by the brand, including alcoholic banana foster, intoxicated gingerbread man, Holiday spiced eggnog, candy cane vodka martini, and blood orange sparkler sorbet.
Segmentation of Alcohol-Infused Ice Cream Market-
By ABV
• Low alcohol
• High alcohol
By Distribution channel
• Offline store
• Online store
By Flavor
• Beer
• Rum
• Vodka
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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