North America is expected to dominate the frozen dessert market over the forecast period, 2022 to 2032. Some of the major players in the frozen dessert market are General Mills, Unilever, Nestle, Kellogg’s Company, and London Dairy.
Newark, Del., July 27, 2022 /PRNewswire/ — The World frozen dessert market is expected to grow at a CAGR of 5.8% and is expected to reach a valuation of around $176 billion by 2032.
Rising demand for organic desserts owing to various health benefits associated with them such as low fat and sugar content is expected to drive the market over the forecast period. The increasing number of supermarkets or hypermarkets around the world is also expected to boost the sales of frozen desserts as these stores offer discounts from time to time.
However, rising health issues among people may hamper the market over the next decade. According to the World Health Organization (WHO), approximately 422 million people worldwide have diabetes and this number is expected to rise to 600 million over the next two decades. Thus, consumers are looking for vegan, low-calorie and dairy-free alternatives, which can hamper the market.
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But, due to the growing popularity of organic frozen desserts, several companies are aiming to expand their product portfolios in this category. In May 2021for example, New YorkKIND Healthy Snacks (KIND) has launched KIND FROZEN Pints, its new line of creamy, plant-based frozen treats with 4-6g of protein per serving.
Top Takeaways: Frozen Desserts Market
- The global frozen dessert market is expected to reach a valuation of around US$100.1 billion by 2022.
- By product type, the ice cream segment is expected to account for approximately 50% of the global frozen dessert market share over the forecast period.
- The US frozen dessert market is expected to capture the lion’s share with growing demand for low-fat and healthy desserts.
- Sugar-free frozen desserts will become a lucrative category among consumers over the next decade.
- The China The frozen dessert market is expected to show steady growth thanks to the growing number of ice cream parlors in the country.
“The growing demand for gluten-free and low-fat desserts is expected to augment the growth of the frozen dessert market over the assessment period,” says an analyst from Future Market Insights.
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Competitive Landscape: Frozen Desserts Market
The frozen dessert market is highly fragmented with the presence of domestic and international players such as Unilever, Nestlé, and General Mills, among others. Major players are focusing on entering emerging markets by expanding their product portfolios to meet growing consumer demand for various types of desserts, including ice cream.
Some of the other players compete on the basis of product offerings, taste, flavors, quality, price, packaging, size, functionality, and promotional activities to gain a competitive edge on the frozen dessert market.
- In April 2022KLIMON, a producer of dairy-free frozen desserts, has launched pints of 100% plant-based, almond-based and dairy-free frozen desserts in 5 innovative flavors at select Walmart stores in the United States
- In January 2022, Mondelez International, Inc., an American food manufacturer, introduced its latest line of frozen treats under the Oreo brand. The new line includes Oreo pans, sandwiches, cones and bars.
Explore more valuable insights into the frozen desserts market
Future Market Insights, in its new report, offers an unbiased analysis of the global frozen desserts market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study offers compelling insights based on product type (ice cream, frozen yogurt, frozen cake, and other product type), category (conventional and sugar-free), and sales channel (offline sales channel). [supermarkets/hypermarkets, departmental stores, convenience store, and other sales channel] and online sales channel [company website and e-commerce platform]) in seven major regions of the world.
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Frozen Dessert Market Outlook by Category
By product type:
- Ice cream
- frozen yogurt
- Frozen Cake
- Other type of product
By sales channel:
- Offline sales channel
- Departmental stores
- Other sales channel
- Online sales channel
- Company Website
- E-commerce platform
- North America
- Latin America
- Middle East and Africa
- East Asia
- South Asia
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
3.3. Product launches and recent developments
3.4. Product life cycle analysis
3.5. Value chain analysis
3.5.1. Supply-side participants and their roles
18.104.22.168. Mid-level participants (traders/agents/brokers)
22.214.171.124. Wholesalers and distributors
3.5.2. % of operating margin analysis
3.5.3. List of raw material suppliers
3.5.4. List of existing and potential buyers
3.6. Global Frozen Desserts Market – Price Analysis
3.6.1. Price level assessment by region
3.6.2. Price evaluation by product type
3.6.3. Price prediction until 2032
3.6.4. Factors Affecting Prices
3.7. Predictors – Relevance and Impact
3.8. Regulatory landscape
3.8.1. Packaging and labeling regulations
3.8.2. Overview of Certifications and Certification Agencies
3.8.3. Import/Export Policies
3.9. Regional Parent Market Outlook
3.10. Consumer survey analysis
3.11. Macroeconomic factors
3.12. Product claims and analysis of nutritional information by buyers
4. Global Frozen Desserts Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size (Billion USD) and Volume (MT) Value Analysis, 2017-2021
4.2. Current and Future Value Projections of Market Size (USD Billion) and Volume (MT), 2022-2032
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