Frozen Dessert Market Growth Opportunity, Top Key Players, Industry Insights, Business Growth, Forecast 2027
Research Reports
Jan 12, 2023
Frozen Dessert Market Research Future Insights:
The Global Frozen Dessert Market is estimated to be worth USD 178 Billion by 2030, registering a 5.82% CAGR during the forecast period (2022- 2030).
Frozen dessert products are manufactured without milk fat, in a frozen form for later-stage consumption, and are extensively consumed as an alternative to regular dairy desserts. Frozen desserts are made by conducting the processes like freezing liquids, semi-solids, and sometimes even solids. They are referred to as desserts that required being stored below the freezing point of the water. Because of the wide range of flavors available in the frozen desserts market, they are most extensively consumed as frozen yogurts, frozen cakes, and ice creams. Further, consumers have a choice for ice cream after meals, which explain why ice cream sales are substantially larger than other frozen desserts.
The frozen dessert market is estimated to grow with surging demand for a healthier lifestyle and shifting consumer preferences towards low-fat dairy-based frozen desserts. This is mainly due to the increased knowledge of health and wellness that has resulted from the easy availability of a wealth of health-related content on digital platforms. As a result, individuals are evading foods that are rich in fat or harmful to their health. The vendors in the frozen desserts market are presenting a variety of low-fat and gluten-free products, which are attracting a large number of customers and pushing the frozen desserts industry revenue. Consumer preferences are changing from traditional dairy-based ice cream toward luxury brands, making the way for multinational enterprises to enter the worldwide frozen dessert sector. Lactose-free ice cream is one of the developing trends in the ice cream market that is expected to gain popularity in the future. Food allergies and intolerances are on the surge, which is pushing the market.
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Regional Analysis
The Global Frozen Dessert Market is divided into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America’s frozen dessert market is anticipated to be the highest revenue during the forecast period due to boosted demand for ice-cream desserts in this region.
Asia Pacific is estimated to emerge as the fastest-growing regional market in the forecast period. Increasing urban population, changing lifestyles, rising disposable income, and changing weather conditions are some of the primary factors driving the market in this region.
The European market share has also accounted for a substantial market share of the frozen desserts market during the forecast period of 2022 to 2030.
Market Segmentation
The Global Frozen Dessert Market is segmented into the following types;
By Type
- Frozen Yogurt
- Ice Cream
- Frozen Cakes
- Others
By Category
- Conventional
- Sugar-free
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- Others
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Key Players
The Global Frozen Dessert Market’s prominent key players are General Mills Inc. (US), Nestlé SA (Switzerland), DD IP Holder LLC (US), Conagra Brands Inc. (US), Unilever (UK), Dairy Queen (US), Danone SA (France), Ferrero (Luxembourg), Kellogg Company (US) and London Dairy Co. Ltd (UK).
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