Our comprehensive research on the Frozen Dessert Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global frozen dessert market size was US$ 90.9 billion in 2021. The global frozen dessert market is forecast to grow to US$ 139.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The global frozen dessert market is being propelled forward by several factors, such as rising disposable income and the launch of new flavours. According to a study by Organization for Economic Co-operation and Development (OECD), the significant increase in disposable income in both developed and developing nations has raised the living standards of people. Consumer spending on consumable products, such as cold desserts, is expected to rise in the near future. Therefore, it is more likely to boost the growth of the frozen dessert market during the forecast period.
The rising demand for low-fat and gluten-free goods is expected to bring untapped growth opportunities for the frozen dessert market during the analysis period.
Moreover, several businesses are making efforts to expand their product portfolio, which will escalate the market growth. For instance, Coca-Cola, a prominent beverage giant, announced its plan in 2017 to extend its business operations in frozen desserts in India.
Regional Analysis
North America is forecast to hold the highest share in the global frozen dessert market. The growth of this market is attributed to the rising demand for ice-cream desserts in this region. Frozen yogurt is becoming widely popular in the region. Due to growing preference for a healthy lifestyle and adoption of well-being, the demand for several frozen desserts is expected to increase significantly. Other factors such as rising urban population, lifestyle changes, growing disposable income, and changing climate conditions, are expected to bring lucrative growth opportunities for the frozen dessert market during the study period.
COVID-19 Impact Analysis
The COVID-19 pandemic has affected the process in various industries, including the frozen dessert market. The demand for healthy food products, such as yogurt, increased substantially, which positively affected the frozen dessert market. However, the market witnessed several obstacles due to food supply chains. These were caused by lockdown and a decline in consumers’ purchasing power.
People became more health-conscious, which significantly upsurged the demand for sugar-free products. As a result, it has been opportunistic for the market. Consumers have also undergone a cultural shift that has made them more open-minded and willing to test new, inventive items based on flavours and packaging. Thus, all of these factors have significantly escalate the growth of the frozen dessert market.
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Competitors in the Market
• Baskin Robbins LLC
• Bassetts Ice cream
• China Mengniu Dairy
• Cielo USA
• Dairy Queen
• Danone S.A.
• Fonterra Group
• General Mills
• Handles
• Kellogg Company
• London Dairy Co. Ltd.
• Meiji Holdings Co., Ltd.
• Nestle S.A.
• Unilever
• Van’s Foods
• Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Frozen Dessert industry experienced notable growth in its workforce. Starting in January, employment within the Frozen Dessert sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Frozen Dessert output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Frozen Dessert output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Frozen Dessert market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Frozen Dessert market.
Market Segmentation
The global frozen dessert market segmentation focuses on Product, Distribution Channel, and Region.
By Product
• Ice-cream
• Frozen Yogurts
• Confectionary & Candies
• Others
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By Distribution Channel
• Supermarket/Hypermarket
• Convenience stores
• Cafes & Bakery Shops
• Online
• Others
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Frozen Dessert Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Frozen Dessert Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Frozen Dessert Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Frozen Dessert Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Frozen Dessert market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Frozen Dessert market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Frozen Dessert business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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