Frozen Dessert Market Key Drivers and Restraints, Regional Outlook, End-User Applicants By 2030
Global Frozen Dessert Market Scope:
Frozen desserts have become one of the most profitmaking
categories in the food and beverage industry. Market Research Future (MRFR)
recently conducted an extensive investigation of the frozen desserts market on
a global level and found out that consumption of frozen dessert has grown
exponentially throughout the world in recent years.
The Frozen
Dessert Market is expected to register a CAGR of 5.82% to reach USD
178 Billion by 2030. Further, increased popularity of frozen desserts in
countries such China and India is further providing an impetus to their global
sales. While consumption of frozen desserts in advanced economies remains
substantial, their demand continues to rise in developing countries. Frozen
yogurt, ice-cream, and sherbets being some of the sough-after products continue
to witness a strong demand. At the same time, the fast-expanding pool of
product with constantly widening collection of flavours and variants appears to
be one of the leading trend in the industry.
Food brands are constantly working on expanding their
product range by launching new variants of frozen desserts. Many of the players
are focusing on introducing of unique flavours with innovative combination of
ingredients to draw consumer attention. A modern consumer, especially if he/she
is from the millennial population is more approving of new and exotic food flavours.
This is encouraging market players to step up their efforts in developing new
product and flavour variants. Meanwhile, emphasis is also being placed on
aspects such healthiness, use of organic ingredients and low-fat owing to
rising number of health conscious consumers. Factors as such are influencing
the off-season sales of frozen desserts as well, leading to greater profit
margins for players.
Changing dietary patterns coupled with rising discretionary
spending is partly supporting the global market for frozen dessert. In
addition, fierce marketing and promotional strategies employed by food brands
continue to accelerate market growth. Increasing consumer preference for
convenience food and the growing fast- food culture is expected to play an
important is shaping the future prospects of the market. During the forecast
period (2022-2030), the market is expected to witness a steady compound annual
growth rate.
Industry Trends and News:
• US-base dairy firm Hiland Dairy has recently unveiled an
eggnog and three new milk flavours, marking the start of spring season. The new
verities are made with fresh milk and include flavours such as strawberry
crème, spring eggnog, orange crème, and chocolate marshmallow. All the products
can be consumed without any processing and can also be relished with homemade
ice cream, smoothies or coffee.
• Food giant Unilever is reportedly plotting to launch a
number of ice cream products through its Good Humor, Breyers, Popsicle,
Klondike and Magnum brands. The new product are likely to debut in the US soon
and include new Breyer’s snack pots, a new Popsicle product and two new Magnum
Doubles flavours.
Frozen Dessert Market: Segmental Analysis:
The global Frozen Dessert Market is Segmented by product type,
category, Distribution Channel and Region
By Product Type (Ice Cream, Yogurts, Cakes, Others),
Category (Conventional and Sugar-Free), Distribution Channel (Store-Based
[Supermarkets & Hypermarkets, Convenience Stores and Others] Non-Store
Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) -
Forecast till 2030
Regional Outlook:
Among regions, Europe and North America collectively account
for the largest share of the global frozen dessert market and trend is likely
to continue throughout the assessment period. Towards the end of 2027, the
market is Asia Pacific is also expected amass an impressive value as
consumption of frozen desserts continues to grow in the region. The region is
likely to present lucrative growth opportunities for market players over the
next couple of years.
Frozen Dessert Market: Competitive Landscape:
The competitive market Key
Frozen Dessert Market Players that are helping in the expansion of
the during the forecast period that will be ending in 2030 are as follows: Hiland
Dairy, Nestle, Wells Enterprises, Ben & Jerry's, Gilfi, Cool Delight
Desserts Ltd, Byrne Dairy, Edys, Unilever, and Blue Bell.
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