The Estonian ice cream market has shown a steady increase in value from 2013 to 2023, growing from €35.141 million to €60.673 million. The market exhibited significant year-on-year growth, particularly between 2016 and 2018. However, growth rates have become more modest, with a CAGR of 3.16% in the last five years. Recent years demonstrated a consistent, albeit slower, growth pattern, indicating market maturity.
In 2023, the market size stood at €60.673 million. The year-on-year variation was 4.46% from 2022, while the last five-year CAGR was 3.16%, suggesting stable but slowed growth.
Future trends to watch for:
- Consumer preferences shifting towards healthier alternatives
- Innovation in flavors and packaging
- Sustainability impacting purchasing decisions
- Increased competition from artisanal and local brands
How does Estonia rank in Ice Cream Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,378,000,000 | 2023 | +0.41% | -2.55% | View data |
| 2 | 2 France | 1,321,400,000 | 2023 | +0.38% | +0.31% | View data |
| 3 | 3 Spain | 1,069,700,000 | 2023 | +0.16% | +1.11% | View data |
| 4 | 4 Poland | 448,960,000 | 2023 | +2.04% | +2.47% | View data |
| 5 | 5 Netherlands | 316,270,000 | 2023 | +3.31% | +0.5% | View data |
| 15 | 15 Lithuania | 69,084,000 | 2023 | +3.42% | +0.3% | View data |
| 16 | 16 Latvia | 62,217,000 | 2023 | +1.48% | +6.19% | View data |
| 17 | 17 Estonia | 60,673,000 | 2023 | +4.46% | +3.16% | |
| 18 | 18 Slovakia | 56,609,000 | 2023 | +2.76% | +4.86% | View data |
