Why is gelato so expensive?

I've always wondered, why is gelato so much pricier than regular ice cream? Is it just because it tastes better, or is there more to it? Does it take more time and effort to make? Are the ingredients more expensive? And how does the process of making gelato differ from that of regular ice cream? I'm really curious to know the reasons behind the higher price tag of gelato. Can you shed some light on this for me?