Frozen Desserts Market – Global Industry Analysis and Forecast (2023-2029)

Frozen Desserts Market size is expected to reach nearly US$ 129.65 Bn by 2029 with the CAGR of 5% during the forecast period.

The global Frozen Desserts market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Frozen Desserts report also provides trends by market segments, technology, and investment with a competitive landscape.

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Frozen Desserts Market Overview:
The global frozen desserts market is expected to grow at a CAGR of 5% during the forecast period. The market size of the global frozen desserts market was valued at USD 92.13 Bn. in 2022, and it is expected to reach USD 129.65 Bn. by 2029.

Frozen desserts are a dessert made by milk compounds, freezing liquids, semi-solid, vegetable fats, and a mixture of dry fruits. Consumers want to eat frozen desserts products after a meal for better digestion. The market is growing owing to changes in taste & preference of consumers, changes in income, some climate changes conditions, launching a new flavour product.

The coronavirus disease has resulted in a massive challenge for market growth due to consumers want to eat those products which can raise immunity, gives nutrition, vitamins & proteins. The manufacturing and supply chain of market was destroyed due to trade restrictions, reducing consumption; hotels/restaurants were also closed.
Frozen Desserts Market Dynamics:
The major driving factor for the market is increasing disposable income across the globe. Consumers are willing to spend on desserts, changes in lifestyle, and changes in food tastes. Consumers want products such as nutritional, health benefits like yogurt is a good source of protein, vitamins, and its demand is increasing globally. Low-fat ice-cream is the second most popular category in dairy foods because consumers are shifting towards health benefits products. High consumption of frozen yogurt & ice cream is increasing market revenue of frozen desserts.

Even though the frozen market is growing faster and there is a lot of scope for frozen dessert market, but there is some restraints in front of manufacturers are maintaining a balance between the current demand for vegan, changing in consumer taste & preferences and rising popularity & demand for organic foods. These are the restraints factors which can hamper the market growth of frozen desserts.

Various companies are looking to expanding their portfolio by investing in the market due to the rising popularity and demand for frozen desserts. Rising expenditure on Research & development of innovative products and companies is investing in digitalization which is good for customer satisfaction. Various innovative flavors have been launched in the frozen bakery and dessert category in recent years.
Frozen Desserts Market Trends:
Innovative Flavors is Boosting the Market Growth

To gain more competitive advantage and more customers; companies are launching innovative, premium, a good source of ingredients. For example- Lactose-free ice cream is one of the latest trends anticipated to gain traction in the ice cream market. Vegan ice cream is also good for skin, heart, hair. Preference for ice-cream parlors is rising in developing countries.
Frozen Desserts Market Segment Analysis:
The global frozen desserts market is segmented into product and Distribution Channel.

Based on Product, the global market is sub-segmented into four types. Confectionary & Candies, Ice cream, Frozen yogurt, others. Ice cream holds the highest market share, 50% of the product segment in 2022, due to increasing the demand for ice cream on a large scale among consumers, and all generations prefer it. The ice cream market was valued at USD 63.0 Bn. in 2022. Premium ice cream is most popular among health-conscious consumers because it comprises high-quality ingredients and less amount of aeration. Asia Pacific holds the highest market share of ice cream and is expected to grow at a CAGR of 4.0% during the forecast period. The demand for ice cream is increasing globally because of its flavors, shape, fat contents, sweetness, texture.

Frozen yogurt is expected to grow at the fastest CAGR during the forecast period due to its various health benefits, which provide protein, calcium, vitamins, etc. Frozen Yogurt is projected to reach USD 10.0 Bn. by 2029.

Based on Distribution Channel, the global market is bifurcated into four types Supermarkets/Hypermarkets, Convenience stores, Café & Bakery shops, Online. The store-based distribution channel (Supermarkets/Hypermarkets) holds largest market revenue share of 45% in the global market segment. It is expected to emerge as the fastest-growing segment during the forecast period due to rising purchases of daily grocery items, continuously rising demand for desserts in daily meals, convenience, and availability of multiple brands at one destination. However, the online retail segment is anticipated to grow fastest during the forecast period.
Regional Insights:
North America holds the largest market share of the global frozen desserts region market; the U.S. was the largest market accounting for 91.6% share in the North American market. The North American market is growing due to changing lifestyle, along with increasing health consciousness, some technological advancement is boosting the growth of North America market. The market in the United States is expected to reach US$ 28.8 Billion in the year 2022. China is expected to grow at a CAGR of 7.0% and reach USD Bn. by 2029. Asia Pacific region is expected to grow at the fastest CAGR due to changing dietary habits and rapid urbanization, increasing disposable income.

The top leading worldwide Ice cream shipments continents in 2022 are–European Countries-(80% of the world), Asian Countries- (10% ), North America- (6.3%).

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
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Frozen Desserts Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 92.13 Bn.


Forecast Period 2023 to 2029 CAGR:
5%
Market Size in 2029:
US$ 129.65 Bn.


 Segments Covered:
by Product
Confectionary & Candies
Ice Cream
Frozen Yogurt
Others


by Category
Conventional
Sugar-Free


by Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Café & Bakery Shops
Online



Frozen Desserts Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players:
1. Wells enterprise
2. Amul
3. Baskin Robbins LLC
4. ConAgra Foods
5. Danane
6. Ferrero Spa
7. General mills inc
8. London Dairy Co. ltd
9. Mother Dairy
10. Nestle SA
11. Unilever group
12. Cielo
13. Kraft foods group Inc.
14. Bulla Dairy foods
15. Dairy farmers of America

Frequently Asked Questions:

1. Which region has the largest share in Global Frozen Desserts Market?
Ans: North America region holds the highest share in 2022.

2. What is the growth rate of Global Frozen Desserts Market?
Ans: The Global Frozen Desserts Market is growing at a CAGR of 5 % during forecasting period 2023-2029.

3. What is scope of the Global Frozen Desserts market report?
Ans: Global Frozen Desserts Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Frozen Desserts market?
Ans: The important key players in the Global Frozen Desserts Market are – Wells enterprise, Amul, Baskin Robbins LLC, ConAgra Foods, Danane, Ferrero Spa, General mills inc, London Dairy Co. ltd, Mother Dairy, Nestle SA, Unilever group,

5. What is the study period of this market?
Ans: The Global Frozen Desserts Market is studied from 2022 to 2029.