The frozen dessert market is expected to register a CAGR of 5.82% to reach USD 178 Billion by 2030.
The frozen dessert market is expected to register a CAGR of 5.82% to reach USD 178 Billion by 2030.The frozen desserts market products are manufactured without milk fat, in a frozen form for later stage consumption, and are widely consumed as an alternative to regular dairy desserts. Frozen desserts are produced by conducting the processes like freezing liquids, semi-solids, and sometimes even solids. They are being referred to as desserts that need to be stored below the freezing point of the water.
COVID 19 Analysis
The outbreak of the novel COVID-19 pandemic has created a global crisis across the world. The outbreak of the pandemic has created a panic situation among the consumers with temporary closures of retail stores in an attempt to slow the huge spread of the virus. This led to panic purchasing among the consumers who are altering their life choices. This is because they got involved in pantry stockpiling of longer shelf-life food products including the ones like frozen desserts. However, the COVID-19 outbreak does not impact the prices of frozen desserts, but it is estimated that the prices will spike post the lockdown period in 2020. The global market manufacturers are expected to increase the prices of frozen desserts that can be attributed to the increase in operational cost, raw material costs, and to overcome the losses caused due to the pandemic in 2020.
The frozen desserts industry report for frozen desserts shows the rising demand for the market products and the trends that support various packaging materials to enhance the consumption patterns of the global market scenario that prevails in the market during the ongoing forecast period that will be ending in 2030. There has been a high consumption of frozen yogurt is one of the important factors driving the global frozen desserts market. Yogurt is known to be delivered on desirable attributes, including nutrition and digestion, and comes in a wide variety of flavors to satisfy the needs of all age groups.
There frozen desserts trends suggest that there has been an increasing degree of concerns regarding the expansion of the market size. The rising degree of concern can be attributed to the prominent presence of high sugar and fat content in frozen desserts. This is a major factor that may hamper the growth of this market during the period that ends in 2030. There has been a rise in the number of substitutes for frozen desserts in the market as flavors and packaging which is another factor that may act as a barrier to the growth of this market.
The increasing number of vegan individuals followed by the rapid increase and expansion of incidences of lactose intolerance dominates the international growth patterns and is expected to be the primary driver boosting the growth of the market across the globe during the period ending in 2030. Frozen yogurt, as a part of the globally functional market, contains carbohydrates, proteins, and vitamins, and it also packs a healthy dose of calcium, which aids in the strengthening of bones, keeping the heart in good shape, and further, help in losing weight.
Owing to the frozen desserts market trends, it is important to have a deep analysis of the functionality of the market segments. These market segments help to meet the rising needs of the target audience in various global regions. Also, the global market segment overview helps in understanding the revenue potential that is likely to be held by the overall market, and further, this will help the market investors and buyers make better decisions during the forecast period that will end in 2030. The market segments are mentioned as follows:
The conventional segment had accounted for the major share during the historic forecast period that had ended in 2022 and is expected to expand at a substantial CAGR and reach USD 88.82 billion by the end of the period in 2030. The conventional segment of the global market consists of sugar in frozen desserts. The rising demand for conventional desserts is attributed to ease the availability and economical pricing of frozen desserts. However, the sugar-free segment is projected to exhibit the highest global CAGR during the forecast period ending in 2030.
The global frozen desserts market is functional in major regions like the European countries, the North American regions, the APAC region, Latin America, alongside the Middle East and African continents. The global market report discusses the ability of the segments in catering to the demand of the audience located in these regions during the forecast period of 2022-2030.
The global market has been analyzed based on its functioning and revenue collection patterns for four mushrooming regions—North America, Europe, Asia-Pacific, and the rest of the world. The Asian Pacific region had accounted for the largest market share of 35.24% of the global frozen desserts market in 2022. The growing trends related to the popularity of health and nutritional supplement are anticipated to influence the growth of the frozen desserts market in the Asia-Pacific region during the period. The North American region is an attractive region for the manufacturers of frozen desserts. The expanding product portfolio of frozen desserts by the key manufacturers in the US and Canadian region is one of the significant factors boosting the adoption of frozen desserts in North America. The European market share has also accounted for a significant share of the frozen desserts market during the historic forecast period that had ended in 2030.
The competitive market players that are helping in the expansion of the frozen desserts market size during the forecast period that will be ending in 2030 are as follows:
The frozen desserts market report has been prepared to help in studying and offering the market insights that will help in understanding the potential of the market during the forecast period that ends in 2030. The global market report offers the viewpoints laid down by the experts and market players and analyzes the performance of the market segments and sub-segments across various global regions and target audiences. The global report also helps in undertaking the prevailing market competition amongst the key market players by witnessing the recent developments undertaken by the key players like mergers and acquisitions of the market during the forecast period.
|Market Size||USD 178 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Category, Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||General Mills Inc. (US), Nestlé SA (Switzerland), DD IP Holder LLC (US), Conagra Brands, Inc. (US), Unilever (UK), Dairy Queen (US), Danone SA (France), Ferrero (Luxembourg), Kellogg Company (US), and London Dairy Co. Ltd (UK).|
|Key Market Opportunities||high production cost of milk|
|Key Market Drivers||High consumption of frozen yogurt|
Frozen Dessert Market CAGR would be 5.82% during the forecast period.
Frozen Dessert Market valuation would be USD 178 Billion by 2030.
The distribution channels in the frozen Frozen Dessert Market are store-based and non-store-base.
Frozen Dessert Market had a discussion of categories like sugar-free and conventional.
The types discussed in Frozen Dessert Market report are cakes, ice creams, yogurts, and others.