LONDON–(COMMERCIAL THREAD) – According to the latest market research published by Technavio, the global frozen desserts market is expected to grow at a CAGR of around 11% during the forecast period.
This research report titled ‘Global Frozen Desserts Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes up-to-date analysis and forecast for various market segments and all geographies.
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The market research analysis categorizes the global frozen desserts market into the following product types. They are:
Sorbet and sorbet
Frozen ice cream
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The three main revenue generating segments are described below:
World ice cream market
The ice cream segment in the frozen dessert market accounted for about 47% of the total market share in 2016. Ice creams are made with pastry cream and made with a higher percentage of milk and a lower percentage of cream and cheese. ‘eggs or sometimes no eggs at all. This dessert is denser than other regular ice creams due to its slow churning rate, which helps incorporate less air into the mixture. This frozen dessert is served at a slightly warmer temperature compared to other ice creams so that its overall texture is still silky and soft. Gelato is one of Italy’s most popular food products and its popularity is growing rapidly around the world.
According to Manjunath Reddy, senior analyst at Technavio for food research, âCountries like Italy, Germany, Spain, Japan, Argentina and the United States are the main markets for this frozen variety in terms of the number of ice cream parlors and consumption of Italian ice cream. However, the demand for this variety of frozen desserts is increasing at a higher rate in countries like China, Korea, Indonesia, Malaysia, Vietnam and Australia.
Global frozen food market
Growing demand for convenient on-the-go food and drink products is driving the growth of this frozen dessert segment. In 2016, the frozen novelty segment of the frozen dessert market accounted for over 23% of the total market share. Frozen novelties are frozen desserts individually wrapped and easy to consume. In addition, this variety of frozen dessert has added value in the form of shape, size, color, texture and flavor.
âOther factors, such as increasing technological advancements, allow for a diversity of textures, which is a vital factor for frozen novelties like fruit bars and popsicles. In addition, manufacturers of frozen novelties are increasingly paying attention to factors such as bright colors, crispy coatings, multi-texture and multi-flavor frozen novelties to attract consumers of all age groups â, Manjunath said.
Global frozen yogurt market
The frozen yogurt segment in the frozen dessert market accounted for around 10% of the total market share in 2016. Factors such as growing awareness of healthy lifestyles, rapid urbanization in emerging economies, and growing demand for Low fat products are driving the demand for frozen yogurt in the world market. Adopting the self-service concept that allows customers to customize their preferences will increase sales of this frozen dessert in the market.
Major vendors highlighted by Technavio market research analysts in this report are:
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