Frozen Desserts Market Research Report 2024
Frozen Desserts Market Global Industry Analysis And Forecast (2024- 2032) By Product Type (Ice Cream, Yogurts, Cakes, and Others), By Category (Conventional and Sugar-Free), By Distribution Channel (Store-Based and Non-Store Based), And by Region
Frozen Desserts Market Synopsis
Frozen Desserts Market was worth USD 121.88 Billion in 2023. As such, the forecast is that the market is expected to reach USD 199.03 Billion by 2032 with a CAGR of 5.6 % from 2024 to 2032.
The Frozen Desserts Market encompasses a broad range of products that are kept at sub-zero temperatures during their storage and distribution. These products include ice creams, frozen yogurt, gelato, sorbets, sherbets, and other similar items made from dairy or non-dairy ingredients. They are typically consumed as indulgent treats, snacks, or desserts and cater to a diverse range of consumer preferences and dietary requirements, including vegan, low-fat, and sugar-free options.
The Frozen Desserts Market is experiencing significant growth, driven by rising consumer demand for indulgent and convenient dessert options. Changes in lifestyle and increasing disposable incomes, especially in emerging economies, are contributing to the surge in demand for frozen desserts. Health-conscious consumers are also shifting towards low-fat, organic, and vegan alternatives, further expanding the market. Innovation and product diversification play a vital role in the frozen desserts market. Manufacturers are introducing new flavors, textures, and health-oriented products, catering to a wide range of dietary preferences, including lactose-free, gluten-free, and sugar-free varieties. This trend has also driven the adoption of plant-based frozen desserts, capturing the growing vegan consumer base.
E-commerce and online grocery delivery services have significantly influenced the distribution and sales channels for frozen desserts. Consumers are now more inclined to purchase these products online due to convenience and accessibility, accelerating the market’s growth across various regions.Sustainability is becoming a key focus area for frozen dessert manufacturers. Increasing concerns about environmental impact and the demand for sustainable packaging solutions are influencing companies to adopt eco-friendly practices. This is further shaping the frozen dessert market as brands align with the growing environmental consciousness among consumers
Top Key Players Involved Are:
"Nestlé (Switzerland), Unilever (Netherlands), General Mills (USA), Danone (France), Mars Inc. (USA), Amul (India), Mother Dairy (India), Lotte Confectionery (South Korea), Blue Bell Creameries (USA), Häagen-Dazs (USA), Ben & Jerry’s (USA), Dairy Queen (USA), Dean Foods (USA), London Dairy (UAE), Kwality Walls (India), Baskin-Robbins (USA), Ciao Bella Gelato (USA), Yili Group (China), Meiji Holdings (Japan), Morinaga (Japan), Frosty Boy (Australia), Pecan Deluxe (USA), Chapman’s Ice Cream (Canada), Joyvee Ice Cream (Philippines), Vadilal Industries (India), and Other Active Players."
Frozen Desserts Market Trend Analysis
Booming Popularity Of Low-Fat Desserts:
- The growing popularity of low-fat, low-sugar desserts is a key driver in the frozen desserts market. As consumers become more health-conscious, they are increasingly seeking healthier alternatives without compromising on taste.
- This shift in preference is particularly evident among younger demographics, who are driving demand for ice cream substitutes that align with their wellness goals. Low-fat and reduced-sugar options, such as frozen yogurts, sorbets, and plant-based desserts, are gaining traction as a result.
- The global push towards healthier lifestyles, coupled with rising awareness of nutritional content, is expected to fuel innovation in the frozen dessert industry. Manufacturers are focusing on offering indulgent, yet healthier choices to cater to this growing trend, creating new opportunities for market expansion and competitive advantage.
E-commerce Fuels the Frozen Dessert Market Growth:
- The frozen desserts market presents a compelling opportunity due to the growing convenience of online ordering and advanced packaging solutions. As consumers increasingly seek comfort and spontaneity in their dessert choices, the ability to order frozen treats from home has amplified the market's "whim factor," driving up sales. This trend is further supported by the diverse availability of frozen desserts in various distribution channels such as malls, department stores, and multiplexes.
- The e-commerce sector's growth, coupled with innovative packaging that ensures product quality and freshness, has significantly expanded market reach and consumer accessibility. Companies that capitalize on these trends can tap into a lucrative segment of the market, offering a wide array of frozen desserts to meet evolving consumer preferences and drive continued growth in the sector.
Frozen Desserts Market Segment Analysis:
The Global Frozen Desserts Market is Segmented into Product Type, Category, Distribution Channel, and Region.
By Product, the Ice Cream segment is expected to dominate the market during the forecast period.
- the ice cream segment dominated the Frozen Desserts market in 2023, capturing approximately 45-47% of the market revenue. This strong performance reflects ice cream's increasing appeal across all age groups, driving substantial demand. In the United States alone, ice cream producers churned out over 1.3 billion gallons, underscoring its widespread popularity. According to IDFA's Dairy Delivers, the ice cream industry significantly impacts the American economy, contributing $13.1 billion, supporting 28,800 direct jobs, and generating $1.8 billion in direct wages. This economic influence, combined with rising consumer interest, solidifies ice cream's position as the leading segment in the Frozen Desserts market.
By Distribution Channel, the Store-Based segment held the largest share in 2023.
- The store-based segment led the frozen desserts market, driven by the surge in cafes and bakeries offering specialty frozen treats In 2023. This trend has prompted these establishments to enhance their menus with wholesome dessert options, boosting product variety.
- Concurrently, online delivery partners have innovated to ensure that frozen desserts remain as fresh as when they left the store, significantly increasing online sales. The combination of these factors has solidified the dominance of the store-based segment, catering to evolving consumer preferences for specialty and conveniently delivered frozen desserts.
Frozen Desserts Market Regional Insights:
Asia-Pacific is Expected to Dominate the Market Over the Forecast Period
- The Asia-Pacific region is leading the frozen desserts market, driven by an increasing demand for low-fat, nutritious options that encourage higher consumer spending. This market dominance is fueled by several factors, including a large and youthful population, rising disposable incomes, and evolving eating habits. In response to consumer preferences for natural ingredients, ice cream manufacturers are incorporating these elements into their products, further bolstering market growth.
- Among the countries in this region, China holds the largest market share in frozen desserts, reflecting its substantial consumer base. Meanwhile, India is the fastest-growing market, showcasing rapid expansion due to its burgeoning middle class and changing dietary trends. The combination of these factors positions Asia-Pacific as a formidable force in the global frozen desserts sector, underscoring its critical role in shaping market dynamics and driving innovation.
Frozen Desserts Market Top Key Players:
- Nestlé (Switzerland)
- Unilever (Netherlands)
- General Mills (USA)
- Danone (France)
- Mars Inc. (USA)
- Amul (India)
- Mother Dairy (India)
- Lotte Confectionery (South Korea)
- Blue Bell Creameries (USA)
- Häagen-Dazs (USA)
- Ben & Jerry’s (USA)
- Dairy Queen (USA)
- Dean Foods (USA)
- London Dairy (UAE)
- Kwality Walls (India)
- Baskin-Robbins (USA)
- Ciao Bella Gelato (USA)
- Yili Group (China)
- Meiji Holdings (Japan)
- Morinaga (Japan)
- Frosty Boy (Australia)
- Pecan Deluxe (USA)
- Chapman’s Ice Cream (Canada)
- Joyvee Ice Cream (Philippines)
- Vadilal Industries (India), and Other Active Players.
Key Industry Development:
- In April 2024, Magnum, introduces its latest innovation, Magnum Vegan Chill Blueberry Cookie. This indulgent vegan ice cream stick features a delicious blend of vanilla biscuit-flavored ice cream, a tangy blueberry sorbet core, and crunchy cookie pieces, all enveloped in luxurious vegan chocolate. Made with 100% sustainable cocoa certified by the Rainforest Alliance and vanilla sustainably sourced from Madagascar, Magnum Vegan Chill Blueberry Cookie sets a new standard in eco-friendly indulgence. Experience the perfect balance of taste and sustainability with this exciting new addition to Magnum's premium range.
- In April 2023, Baskin Robbins (BR) announced an expanded product range and new flavors for the summer season, catering to evolving consumer tastes in India. Known for its innovative approach and strong customer appeal, BR is set to introduce a diverse array of indulgent options. This new lineup will offer a variety of flavors and product categories designed to delight and satisfy. With a commitment to excellence and creativity, Baskin Robbins continues to lead the way in premium ice cream offerings, ensuring a refreshing and enjoyable experience for all its fans.
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Global Frozen Desserts Market |
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Base Year: |
2023 |
Forecast Period: |
2024- 2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 121.88 Bn. |
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Forecast Period 2024-32 CAGR: |
5.6 % |
Market Size in 2032: |
USD 199.0 Bn. |
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Segments Covered: |
By Product Type |
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By Category |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Food Additives Market by Type
4.1 Food Additives Market Snapshot and Growth Engine
4.2 Food Additives Market Overview
4.3 Acidulants
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in
Frequently Asked Questions
What would be the forecast period in the Global Frozen Desserts Market research report?
The forecast period in the Global Frozen Desserts Market research report is 2024- 2032.
Who are the key players in the Global Frozen Desserts Market?
Nestlé (Switzerland), Unilever (Netherlands), General Mills (USA), Danone (France), Mars Inc. (USA), Amul (India), Mother Dairy (India), Lotte Confectionery (South Korea), Blue Bell Creameries (USA), Häagen-Dazs (USA), Ben & Jerry’s (USA), Dairy Queen (USA), Dean Foods (USA), London Dairy (UAE), Kwality Walls (India), Baskin-Robbins (USA), Ciao Bella Gelato (USA), Yili Group (China), Meiji Holdings (Japan), Morinaga (Japan), Frosty Boy (Australia), Pecan Deluxe (USA), Chapman’s Ice Cream (Canada), Joyvee Ice Cream (Philippines), Vadilal Industries (India), and Other Active Players.
What are the segments of the Global Frozen Desserts Market?
The Frozen Desserts Market is Segmented into Product Type, Category, Distribution Channel, and Region. By Product Type, the market is categorized into (Ice Cream, Yogurt, Cakes, and Others), By Category, the market is categorized into (Conventional and Sugar-Free). By Distribution Channel, the market is categorized into (Store-Based and Non-Store Based). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Global Frozen Desserts Market?
The Frozen Desserts Market encompasses a broad range of products that are kept at sub-zero temperatures during their storage and distribution. These products include ice creams, frozen yogurt, gelato, sorbets, sherbets, and other similar items made from dairy or non-dairy ingredients. They are typically consumed as indulgent treats, snacks, or desserts and cater to a diverse range of consumer preferences and dietary requirements, including vegan, low-fat, and sugar-free options.
How big is the Global Frozen Desserts Market?
The Global Frozen Desserts Market was worth USD 121.88 Billion in 2023. As such, the forecast is that the market is expected to reach USD 199.03 Billion by 2032 with a CAGR of 5.6 % from 2024 to 2032.
