According to a new report published by Allied Market Research, titled “Alcohol-Infused Ice Cream Market,” The alcohol-infused ice cream market was valued at $786.67 million in 2021 and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
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 cocktails, Speakeasy ice creams ltd, Swalt and straw, Tipsy Scoops.
Alcohol-infused ice cream is ice cream mixed with alcohol in an acceptable amount. Around the world, attitudes around alcohol have substantially evolved, and today’s consumers are responding favorably to its use. Additionally, alcohol is used to prepare many foods, and its usage in ice creams has increased. Alcohol-infused items are becoming quite popular worldwide due to the rising popularity of alcohol usage. Players operating in Alcohol-infused ice cream are launching products with various flavors such as rum, vodka, wine, and other tastes.
The growth in alcohol-flavored food offers an opportunity for the future of the drinks and the food industry (Meziane, 2008). It broadens the spectrum of options available to manufacturers, of which there is constant pressure in mature markets such as Europe, Australia and the United States. New products can build bonds of loyalty with consumers and can increase sales. Alcohol-flavored products circumvent most existing alcohol marketing regulations. Consequently, it is expected that the growth in new flavors and of alcoholic flavored food will continue in the future.
Alcohol ingredients in ice cream with more than 3% ABV, adults below age 21 will not try alcoholic ice cream. In addition, the new flavors launched by Haagen-Dazs have 0.5% alcohol by volume, less than the average glass of wine or a regular beer that cannot feel a buzz from these boozy treats- and people don’t need an id to buy them. Hence, the entry of new players in alcohol-infused ice cream and rising demand for premium frozen products will boost the alcohol-infused ice cream market growth.
According to alcohol-infused ice cream market trends, based on the ABV, the high alcohol segment gained major traction in the market and is likely to remain dominant throughout the forecast period. Manufacturers of Alcohol-infused ice cream are experimenting with new tastes to provide their consumers with a wide range of options. Chocolate bourbon, lime, salted honey, and salted vanilla flavors are among the most popular Alcoholic Ice Cream flavors with more than 4% ABV. Because of the rising demand for alcohol-infused products, thus, an increase in the popularity of high alcohol-content food products is likely to spur the growth of alcohol-infused ice cream market demand.
Alcohol-infused ice cream market opportunity, region-wise, North America has been gaining the highest share in Alcohol-infused ice cream. It is expected to sustain its share during the forecast period. This is majorly attributed to the rise in conventional and alcoholic food and beverage offerings by pubs and restaurants and the introduction of new flavor-infused alcoholic ice cream items by manufacturers.
Key findings of the study:
- By flavor, the beer segment accounted for the highest alcohol-infused ice cream market size in 2021, growing at a CAGR of 4.1% from 2022 to 2031.
- By ABV, the low alcohol segment accounted for the highest market share in 2021, growing at a CAGR of 6.0% from 2022 to 2031.
- By distribution channel, the offline store segment accounted for the highest market share in 2021, growing at a CAGR of 5.8% from 2022 to 2031.
- By region, North America occupied the maximum share in the alcohol-infused ice cream market in 2021 and is expected to dominate during the forecast period.
