Frozen Desserts Market Increasing the Growth Worldwide | The Hain Celestial Group, Halo Top Creamery, General Mills Inc.
Research Reports
Nov 15, 2023
Frozen Desserts Market Overview:
MRFR estimates that the Frozen Desserts Market is likely to value USD 178.74 billion over the forecast period from 2023 to 2030 at a CAGR of 5.82%. The market valued at USD 120.3 billion in 2022 and USD 127.30 in 2023. This growth of the market is attributed to rising demand for frozen dessert coupled with availability and variety of the desserts available.
Increased disposable income of middle class is one of the key factors driving growth of the global Frozen Desserts Market. Additionally, the key players in the industry are attempting to diversify their products with diverse types of products, which are further gaining traction of the market growth during next few years. However, due to rising health consciousness several frozen desserts are witnessing lower demand; nonetheless, the premium ice-creams with exotic Flavors are witnessing higher adoption, which in turn is driving growth of the market.
The popularity of small-portion snacks is growing, driving adoption of high quality ice-cream especially at events and gatherings. At such events, ice-crams are served as desserts. Rising number of public events are driving demand for frozen desserts resulting in growth of the market. Moreover, rising trend of gifting sweets at parties and on several occasions is providing push to the frozen desserts market.
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Segmentations:
Based on product type, the frozen desserts market is segmented into ice-cream, cakes, yogurts, and others. Of these, ice-cream segment is held largest share in 2022 and is expected to remain dominant over forecast period.
The market segmentation for frozen desserts is divided into two categories: conventional and sugar-free. In 2022, the market was dominated by the Conventional segment.
The market data for frozen desserts has been divided into store-based and non-store-based segments based on the distribution channels. In 2022, the market was dominated by the store-based category.
The report offers market insights by region for the following areas: North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific Frozen Desserts market, which was valued at USD 55.1 billion in 2022, is anticipated to rise at a significant annual rate of growth during the course of the study. The growing need for nutritious, low-fat foods that entice consumers to spend more money on them is going to make the Asian frozen dessert sector a big success.
This region’s market for frozen desserts is primarily driven by a huge population, a substantial young population, rising disposable incomes, and changing eating habits. Furthermore, ice cream producers are adding natural components to their goods in response to customers’ increased demand for them. In addition, the frozen desserts market in China had the most market share, while the frozen desserts market in India had the quickest rate of growth in the Asia-Pacific area.
Key Players:
Key Companies in the Frozen Desserts market includes: The Hain Celestial Group (US),Halo Top Creamery (US),General Mills Inc. (US),Unilever (UK),Nestlé SA (Switzerland),Kellogg Company (US),DD IP Holder LLC (US),Conagra Brands Inc. (US),London Dairy Co. Ltd (UK),Danone SA (France),Dairy Queen (US),Ferrero (Luxembourg),Daiya Foods Inc. (Canada),Archer Daniels Midland Company (US),Nestlé S.A. (Switzerland),Arla Foods amba (Denmark),Unilever (UK).
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Regional Analysis:
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific Frozen Desserts market accounted for USD 55.1 billion in 2022 and is expected to exhibit a noteworthy CAGR growth during the study period. The Asian market for frozen desserts is destined to be a huge success because of the rising demand for low-fat, wholesome foods that encourage consumers to spend more money on these items. The main drivers of the frozen desserts market in this region are a large population, a sizable young generation, rising disposable incomes, and shifting eating patterns. Additionally, ice cream manufacturers are responding to consumers’ growing demand for natural ingredients by incorporating them into their products. Moreover, China’s Frozen Desserts market held the largest market share, and the India Frozen Desserts market was the fastest-growing market in the Asia-Pacific region.
Related Reports:
Non-Dairy Frozen Desserts Market Research Report Information ByCategory (Lactose-Free and Conventional), By Type (Custard & Puddings, Ice-Creams, Cakes & Pastries, Yogurt, and Others), By Distribution Channel (Store-Based, and Non-Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030
Dairy Desserts Market Research Report Information by Type (Ice creams, Yoghurt, Custards, and Others), Distribution Channel [Store-Based (Supermarkets & Hypermarkets, Convenience Stores, and Others) and Non-Store-Based], and Region (North America, Europe, Asia-Pacific, and RoW)– Forecast till 2030
Guilt-Free Desserts Market Research Report Information by Product Type (Cakes & Pastries, Puddings, Ice Creams, Yogurts, Others), by Distribution Channel (Food Retail – Supermarket & Hyper markets, Specialty Stores, Convenience Stores, Online, and Others & Food Service), by Region – Forecast till 2028
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