Dairy Desserts Market outlook 2020-2024 explored in latest research

Research Reports

Jan 20, 2021

Market Overview

Dairy desserts cater to impulse for indulgence such that even nutrition and weight conscious consumers find themselves craving for rich and fattening desserts. The growing dairy industry is influencing the growth of dairy desserts market globally. The rise in demand for ice cream among all age group is boosting the growth of dairy desserts market.

There is high consumption of desserts in North America and Europe which is a major factor driving the growth of dairy desserts market. Moreover, continuous innovations and new product launches by the key players and introducing new flavors is adding fuel to the growth of dairy desserts market. Additionally, high focus on marketing and advertisements is supporting the growth of the market by increasing consumer awareness. However, rising health concerns among the growing population may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 4.2% of dairy desserts market during the forecast period, 2020-2024.

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Competitive Analysis

The major players in the Dairy Desserts Market,

Parmalat S.p.A (Italy)
Nestle (Switzerland)
FrieslandCampina (The Netherlands)
General Mills (U.S.)
DANA Dairy (Switzerland)
GCMMF (AMUL) (India)
Danone (France)

Downstream Analysis

Based on the type, dairy desserts is segmented into ice cream, yogurt, custard, puddings, sherbet, and others. The ice cream segment is projected to hold the major share among others. However, the yogurt segment is witnessed to grow at a moderate rate over the forecast period.

On the basis of sales channel, Dairy Desserts Market is segmented into on-trade and off-trade. Among them, off-trade is dominating the market. However, increasing consumption of dairy desserts in restaurants and bars is expected to grow the on-trade sales channel segment over a period of time.

Regional Analysis

North America is anticipated to be growing at a moderate rate for dairy desserts market. The U.S. is the major contributor followed by Canada for dairy desserts market in North America. Innovations and technological advancement is boosting the growth of dairy desserts in rest of the world. Among them, Brazil is projected to be the major contributor to the dairy desserts market.

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