Ice pops market Size, Share, Growth, and Industry Analysis, By Type (Popsicles and Freezer Pops), By Application (Individual and Commercial), Regional Forecast to 2032

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Ice Pops Market Report Overview

Global Ice pops Market size was USD 5.55 Billion in 2023 and market is projected to touch 8.96 Billion by 2032, exhibiting a CAGR of 5.4% during the forecast period.

Ice pops are a type of frozen treat typically made by freezing flavoured liquid in a mold with a stick or handle. They are also known as ice lollies, freeze pops, or popsicles, depending on the region. They are often sold in grocery stores and convenience stores, and many people enjoy making their own at home using homemade recipes. They come in a variety of flavours, colours, and shapes, and are a fun and refreshing way to cool off on a hot day.

The basic ingredients for making them include water, sugar, and flavourings, which can be anything from fruit juice to soda. The mixture is poured into a mold and frozen until solid. Once they are frozen, they can be removed from the mold and enjoyed by pulling the stick or handle. They are a popular treat, especially during the summer months when temperatures are high.

COVID-19 Impact: Pandemic Increased the Market Demand

There have been some positive impacts of COVID-19 on the ice pops market. With more people staying at home due to lockdowns and restrictions, there has been an increased demand for convenient and affordable snacks, including frozen treats like ice pops. This has led to a boost in sales for some manufacturers of them, as consumers look for ways to enjoy a refreshing snack while staying safe at home. Additionally, with more people spending time outdoors and in their own yards, there may be an increased demand for them as a way to cool down during the hot summer months. They are a portable and convenient snack that can be enjoyed while sitting outside, gardening, or doing other activities. Moreover, some of them manufacturers have adapted to the changing market conditions by offering new and innovative products. For example, some companies have introduced ice pops made with natural and organic ingredients, which appeal to health-conscious consumers. Others have developed new flavours and packaging options to keep up with changing consumer preferences.

Latest Trends

"Vegan and dairy-free options is expected to fuel the growth in the market"

One of the latest trends in the ice pops market is the increasing demand for vegan and dairy-free options. As more people adopt plant-based and dairy-free diets, there is a growing need for frozen treats that cater to these dietary requirements. Manufacturers are responding to this demand by introducing them made with non-dairy alternatives such as coconut milk, almond milk, soy milk, and oat milk. These dairy-free options are not only suitable for vegans and those with lactose intolerance, but also appeal to health-conscious consumers who are looking for healthier alternatives to traditional ice creams and frozen treats. These vegan and dairy-free ice pops come in a wide range of flavours, from classic fruit flavours like strawberry and raspberry to more unique and exotic options like matcha, turmeric, and chai. Some companies are even introducing ice pops made with vegetable juice, like carrot or beet juice, as a healthier alternative to sugary options.

Ice Pops Market Segmentation

• By Type Analysis

According to type, the market can be segmented Popsicles and Freezer Pops.

• By Application Analysis

Based on application, the market can be divided into Individual and Commercial.

Driving Factors

"Growing interest in unique and exotic flavours to foster the market growth"

In recent years, there has been a growing interest in unique and exotic flavours in the ice pops market. Consumers are looking for new and exciting taste experiences, and manufacturers are responding by introducing ice pops with unusual flavour combinations like pineapple jalapeño, mango turmeric, and blueberry lavender. This trend is driven by consumers' desire to try something new and their willingness to experiment with different flavour profiles. In addition, manufacturers are increasingly using natural and organic ingredients to create these unique and exotic flavours, which also ties into the rising demand for healthy and natural products.

"Rising demand for healthy and natural products to result in the expansion of the market"

Consumers are becoming more health-conscious and are looking for frozen treats that are made with natural and organic ingredients. Manufacturers are responding by introducing ice pops made with real fruit and low in sugar, as well as ice pops made with non-dairy alternatives like coconut milk and almond milk. This trend is driven by consumers' desire for healthier options that are free from artificial ingredients and additives. In addition, some manufacturers are using functional ingredients like probiotics, antioxidants, and vitamins to create healthier frozen treats that also offer additional health benefits. The rising demand for healthy and natural products is also driving innovation in the ice pops market, with manufacturers introducing new flavours, packaging, and marketing strategies to appeal to health-conscious consumers.

Restraining Factors

"Competition from alternative substrate materials to hamper the market growth"

The demand for ice pops tends to be highest during the summer months, when temperatures are high and consumers are looking for refreshing frozen treats to help beat the heat. This seasonality of demand can make it difficult for ice pops manufacturers to maintain steady sales and revenue throughout the year. Sales tend to drop during the colder months of the year, which can result in excess inventory and wasted resources adversely affecting the ice pops market share.

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Ice Pops Market Regional Insights

"Asia Pacific to lead the market owing to the rising popularity of frozen treats like ice cream and popsicles. "

Asia-Pacific region is expected to show the most growth in the ice pops market over the coming years. The increasing disposable income of consumers in this region, coupled with a growing trend of healthy and convenient snacking, is driving demand for ice pops. In addition, the rising popularity of frozen treats like ice cream and popsicles is driving ice pops market growth.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market.  "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

LIST OF TOP ICE POPS COMPANIES

• Nestle - Vevey, Switzerland
• Unilever - London, United Kingdom and Rotterdam, Netherlands
• Yili - Hohhot, China
• Mengniu - Inner Mongolia, China
• Akagi Nyugyo - Gunma, Japan
• Meiji - Tokyo, Japan
• Daqing Ruby Ice Cream - Daqing, China
• Lotte - Seoul, South Korea
• Jel Sert - West Chicago, Illinois, United States
• Jinan Qunkang - Jinan, China
• Alamance Foods - Burlington, North Carolina, United States
• GoodPop - Austin, Texas, United States
• Chloe's Fruit - New York, New York, United States
• Mr Freeze - United Kingdom
• Deebee's - Victoria, British Columbia, Canada

Report Coverage

This report examines an understanding of the ice pops market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.