Frozen Desserts Market Growth or Demand Increase or Decrease for what contains:
The major driving factor for the market is increasing disposable income across the globe. Consumers are willing to spend on desserts, changes in lifestyle, and changes in food tastes. Consumers want products such as nutritional, health benefits like yogurt is a good source of protein, vitamins, and its demand is increasing globally. Low-fat ice-cream is the second most popular category in dairy foods because consumers are shifting towards health benefits products. High consumption of frozen yogurt & ice cream is increasing market revenue of frozen desserts.
Innovative Flavours are Driving Market Growth.
To obtain a competitive advantage and more customers, businesses are launching new, premium, and ingredient-rich products. For example, lactose-free ice cream is one of the most recent trends expected to gain popularity in the ice cream market. Vegan ice cream is also beneficial for the skin, heart, and hair. Ice cream parlours are becoming increasingly popular in emerging countries.
Frozen Desserts Market CAGR Estimation:
Frozen Desserts Market size is expected to reach nearly US$ 136.13 Bn by 2030 with the CAGR of 5% during the forecast period.
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Frozen Desserts Market Segmentation:
- By Product:
- Confectionary & Candies
- Ice Cream
- Frozen Yogurt
- Others
Ice Cream holds the largest market share at 50% in 2023, driven by high consumer demand and preference across all age groups. Frozen yogurt is expected to grow at the fastest CAGR due to its health benefits.
- By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Café & Bakery Shops
- Online
Supermarkets/Hypermarkets dominate with a 45% market share, anticipated to grow rapidly due to convenience and the availability of multiple brands. Online retail is expected to be the fastest-growing segment.
Frozen Desserts Market Overview:
Frozen desserts, which include ice cream, frozen yogurt, and other similar products, are typically made from milk compounds, freezing liquids, semi-solids, vegetable fats, and a mixture of dry fruits. Consumers prefer these desserts after meals for better digestion. Market growth is driven by changes in consumer taste and preferences, income levels, and climate conditions, as well as the launch of new flavor products.
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Frozen Desserts Market: Which Regions are Experiencing Growth or Increased Demand?
- North America:
- Largest market share, with the U.S. accounting for 91.6%.
- Growth driven by changing lifestyles, health consciousness, and technological advancements.
- Asia Pacific:
- Fastest-growing region due to changing dietary habits, urbanization, and increasing disposable income.
- China is expected to grow at a CAGR of 7.0%.
Leading ice cream shipment regions in 2023:
- Europe: 80%
- Asia: 10%
- North America: 6.3%
Frozen Desserts Market Scope and Methodology:
The report provides a comprehensive analysis of the Frozen Desserts Market, covering past and current industry status, market size forecasts, and trends. It includes PORTER and PESTEL analysis, examining internal and external factors affecting the market.
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Frozen Desserts Market Key Players:
1. Wells enterprise
2. Amul
3. Baskin Robbins LLC
4. ConAgra Foods
5. Danane
6. Ferrero Spa
7. General mills inc
8. London Dairy Co. ltd
9. Mother Dairy
10. Nestle SA
11. Unilever group
12. Cielo
13. Kraft foods group Inc.
14. Bulla Dairy foods
15. Dairy farmers of America
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Key questions answered in the Frozen Desserts Market are:
• What is Frozen Desserts?
• What is the growth rate of the Frozen Desserts Market?
• Which are the factors expected to drive the Frozen Desserts market growth?
• What are the different segments of the Frozen Desserts Market?
• What growth strategies are the players considering to increase their presence in Frozen Desserts?
• What are the upcoming industry applications and trends for the Frozen Desserts Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Frozen Desserts Market?
• What major challenges could the Frozen Desserts Market face in the future?
• What segments are covered in the Frozen Desserts Market?
• Who are the leading companies and what are their portfolios in Frozen Desserts Market?
• What segments are covered in the Frozen Desserts Market?
• Who are the key players in the Frozen Desserts market?
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