DUBLIN, July 29, 2020 /PRNewswire/ — The “North America Frozen Dessert Market – Growth, Trends and Forecast (2020-2025)” report has been added to from ResearchAndMarkets.com offer.
The North American frozen dessert market is expected to grow at a CAGR of 3.8% during the forecast period 2020-2025.
Ice cream has become the main product category. Factors affecting growth are flavor and fat content as well as sweetness and texture.
Lactose-free frozen ice cream is one of the emerging trends that is expected to gain traction in the ice cream market in the coming years. The market is driven by increasing rates of food allergies and intolerances.
Unilever, General Mills, Nestlé, Fonterra Co-operative Group and many other companies have launched new frozen desserts. For example, Oreo recently launched Ice Cream Sandwiches with Peanut Butter, while Nestlé launched Hostess Ding Dings Frozen Treat. These innovations will help improve overall market sales and support growth.
Main market trends
Growing demand for gelato
In today’s fast-paced world, ice cream has proven to be an adequate meal replacement due to its many health properties. According to the International Dairy Foods Association, more than $39 billion is contributed to United States economy through the sale and production of ice cream and related frozen desserts, such as gelato.
The high amounts of protein in ice have made ice a desirable food for athletes, especially those on strict diets, as it allows for healthy indulgence without dieting. In addition, the increase in ice cream consumption is one of the determining factors of North America frozen dessert market. Due to consumer demand for new and innovative flavors, there has been an increase in preferences for ice cream in recent years.
The United States holds the largest market share
Several companies from United States are investing heavily in improving the shelf life and storage facilities of these products, which, in turn, is expected to influence the growth positively over the forecast period. With the growing demand for frozen snacks among the millennial population, United States The frozen desserts market is expected to witness significant growth. Refrigerated snacks, such as yogurt, ice cream and pudding, have seen an increase in consumption in recent years.
There is a significant shift in consumer preferences, especially among high-income consumers. Manufacturers with in-depth consumer insights, advanced capabilities and product development skills can attract more consumers through innovative product portfolios, which in turn drives the market studied in the country.
North America The frozen desserts market is a highly competitive market and includes regional and international competitors. The market is dominated by players like Unilever, Nestlé, General Mills and Dairy Farmers of America. The major players in the frozen desserts market enjoy a dominating presence globally. These players are focusing on the leverage opportunities offered by emerging markets to expand their product portfolio, so that they can meet the demands of various product segments, especially ice cream.
Main topics covered
1.1 Study deliverables
1.2 Assumptions of the study
1.3 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Constraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By product type
5.1.1 Frozen yogurt
5.1.2 Ice cream
220.127.116.11 Artisanal ice cream
18.104.22.168 Dairy-based ice cream
22.214.171.124 Water-based ice cream
5.1.3 Frozen cakes
5.2 By distribution channel
5.2.3 Specialized shops
5.2.4 Online retailer
5.3 By geography
5.3.1 United States
5.3.4 Rest of North America
6 COMPETITIVE LANDSCAPE
6.1 Most active companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 General Mills, Inc.
6.4.2 Nestlé SA
6.4.3 Chobani LLC
6.4.4 Dairy Farmers of America
6.4.5 Dunkin’ Brands Group, Inc.
6.4.7 Blue Bell Creameries LP
6.4.8 Fonterra Cooperative Group
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/yrk94m
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