FACTS AT A GLANCE
Editing: 16; Posted: January 2021
Management commitments: 13572
Companies: 1246â Covered players include 16 handles; Bassetts Ice Cream; Bulla dairy foods; China Mengniu Dairy Company Ltd .; Dairy Farmers of America Inc .; Queen of dairy products; Fonterra Co-operative Group Ltd .; General Mills, Inc .; Kellogg Company; Meiji Holdings Company, Ltd. ; NestlÃ© SA; Unilever plc; Yili Group and others.
Blanket: All major geographies and key segments
Segments: Type (ice cream, confectionery and candy, frozen yogurt, other types); Distribution channel (supermarket / hypermarket, cafes and bakeries, online, mini markets, other distribution channels)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global Frozen Dessert Market To Reach $ 111.2 billion by 2026
Frozen dessert brands pay great attention to new taste and flavor profiles for a pleasurable drinking experience. Ice creams and frozen desserts with new tastes and offered as limited time offers are evolving rapidly and catching the attention of the millennial consumer. Regardless of consumer demographics, flavor continues to remain in the foreground, replacing other aspects such as ingredients, texture, sugar or fat and protein content. Ruby chocolate is expected to retain its popularity for years to come. Declining chocolate cocoa harvests are expected to increase demand for carob, an alternative to chocolate. Guilt-free indulgence being a major trend, frozen dessert makers are launching new products with simple, premium ingredients in convenient, single-serve sizes.
Amid COVID-19 Crisis, Global Frozen Dessert Market Is Estimated At 83.3 billion US dollars in 2020, is expected to reach a revised size of 111.2 billion US dollars by 2026, with a CAGR of 4.9% over the analysis period. Ice cream, one of the segments analyzed in the report, is expected to register a CAGR of 5.2% and reach US $ 67.2 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Confectionery and Sweets segment is readjusted to a revised CAGR of 4.6% for the next 7 year period.
The US market is estimated at $ 28.8 billion in 2020, when China is expected to reach $ 17.4 billion by 2026
The frozen dessert market in the United States is estimated at 28.8 billion US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 17.4 billion by 2026, with a CAGR of 7% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 3.7% and 4% respectively during the analysis period. In Europe, Germany is expected to grow at around 3.8% CAGR. Sales in emerging markets are expected to gain ground in the coming years, driven by changing dietary habits and rapid urbanization. Products with desirable qualities including low fat, cholesterol, sugar and calories are poised to experience robust growth and support market expansion. Innovative product positioning coupled with creative advertising and attractive packaging will open up new revenue generation opportunities for market players.
Frozen yogurt segment to reach $ 10.8 billion by 2026
In the global frozen yoghurt segment, United States, Canada, Japan, China and Europe will lead to the estimated 5.1% CAGR for this segment. These regional markets representing a combined market size of US $ 6.5 billion in 2020 will reach a projected size of 9.3 billion US dollars before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 760.3 million by 2026, while Latin America will increase at a CAGR of 6.8% throughout the analysis period. Following
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