Cold Stone Creamery® ice cream shop franchise owners can capitalize on the growing demand for ice cream
As the American economy continues to recover from the pandemic, one thing, especially to ice cream shop franchise owners, is clear: the demand for ice cream shows no sign of slowing down.
According to a recent report in Fortune Business Insights, the global ice cream market was rising exponentially before the COVID-19 pandemic. In 2019, for instance, the market was estimated at $70.85 billion.
Because of the pandemic, the ice cream market was expected to see only a slight, modest decline of about 1.49% in 2020. But in the post-pandemic world, the market’s recovery is expected to go through the roof.
Fortune Business Insights estimated the ice cream market is projected to grow from $69.79 billion in 2020 to a staggering $91.9 billion by 2027.
“The sudden rise … is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over,” the report says. “The demand will increase in the coming summer season.”
The study found the key factor driving the market is continuous innovation in the industry. Also, the increasing popularity of convenient product packaging among consumers is predicted to support the steady growth of the segment.
“Customers are constantly on the move, demanding products that can serve them on the go,” the analysis found.
North America is projected to hold the second-largest share in the market, with the increased number of fast-food chains across the region. Americans alone spent $8 billion a year on ice cream. And Cold Stone Creamery® was one of a few select companies profiled for success.
Cold Stone Creamery was founded in 1988 and has since grown to countless locations in the U.S. and across the globe. Now, Cold Stone Creamery is one of the most recognized names in ice cream.
Cold Stone Creamery recently announced a development initiative to grow the brand by hundreds of locations in the coming years, with targeted areas of growth, such as Florida, Illinois, New Mexico, Oklahoma, Pennsylvania, Tennessee and Texas.
“Now is a great time to consider investing in a Cold Stone Creamery ice cream business franchise,” says John Wuycheck, SVP of Franchise Development with Cold Stone Creamery. “Cold Stone Creamery is a brand that has a long history of being one of the top go-to’s for premium ice cream.Not only do we enjoy household name recognition in America and globally, but we believe our product is far superior to what is available on the market.