Global Frozen Desserts Market – Industry Trends and Forecast to 2029

Global Frozen Desserts Market By Product Type (Confectionary & Candies, Ice Cream, Frozen Desserts, Tofu, Cakes & pastries, Others), Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Cafes & Bakery Shops, Online, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

The major factor driving the market in the medium term is increased consumer preference for non-dairy, low-calorie and healthier desserts. Furthermore, the growing popularity of low-fat frozen desserts and the introduction of beneficial product variants in a variety of flavors are likely to provide consumers looking for a healthy alternative to frozen desserts with a plethora of options. Furthermore, busy lifestyles, combined with health and wellness concerns, drive consumers to choose convenient frozen dessert-based snacks.

Data Bridge Market Research analyses that the frozen desserts market was valued at USD 166.20 billion in 2021 and is expected to reach the value of USD 277.76 billion by 2029, at a CAGR of 6.63% during the forecast period of 2022 to 2029. The rising demand for low-fat and fat-free desserts will drive the frozen desserts market's growth rate.

Market Definition

The frozen desserts are a popular alternative to classic dairy sweets because they are made without milk fat and frozen for later consumption. Frozen desserts are made by freezing liquids, semi-solids, and, in some cases, solids. They are referred to as desserts which should be kept below the freezing point of water.

Report scope and market Segmentation

Frozen Desserts Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Rising popularity of low-fat desserts

The rising popularity of low-fat, low-sugar desserts will propel the frozen desserts market. Furthermore, increased consumer health consciousness and rising demand for refreshing ice cream alternatives by youngsters are two macroeconomic aspects that are positively impacting the worldwide frozen desserts industry.

• Rising disposable income and rising urbanization

Another key aspect is the rising demand for healthier dessert options, which frozen desserts satisfy, driving the frozen desserts market's development pace. The growth rate of the frozen desserts market would be boosted by rising disposable income and increased urbanization.

Opportunity

There has been a noticeable expansion in the frozen desserts market. Customers can now order frozen desserts online and enjoy them in the comfort of their homes, which is possible because of the packaging industry and the e-commerce sector. This has an effect on their "whim factor" and has been a significant contributing factor to the soaring sales of ice cream and other frozen desserts. Furthermore, a wide variety of frozen desserts are sold in malls, department stores, multiplexes, and other distribution channels, bolstering the frozen desserts market.

Restraints

However, rising concerns about the product's high sugar and fat content will slow the market's growth rate. Furthermore, the negative impact of COVID-19 on production and supply chain will impede the overall growth of the frozen desserts market. Moreover, the availability of substitutes and the entry of new companies will pose additional challenges to the frozen desserts market throughout the forecast period.

This frozen desserts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the frozen desserts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Frozen Desserts Market

Frozen desserts sales initially fell due to COVID-19 restrictions on brick-and-mortar stores. However, major players are attempting to solidify their market position by focusing on e-commerce and online marketing in order to reach consumers across geographical boundaries. Furthermore, the pandemic prompted consumers to seek out immunity-boosting products as well as other fortified products that provide health benefits, resulting in major players improving the composition of their desserts products by incorporating organic ingredients, making them cholesterol-free, and launching vegan variants with no added preservatives or additives.

Recent Development

• Yasso Frozen Greek Yogurt, the world's first frozen Greek yogurt bar, launched its first snackable offering in Boulder, Colorado, in 2021, introducing Yasso Poppables, creamy frozen Greek yogurt bites covered in a chocolatey coating and sprinkled with quinoa crunch.
• In 2021, The Caterforce Group will launch a line of ten innovative new frozen cakes and desserts in the United Kingdom under the 'Chefs' Selections by Caterforce' brand.
• General Mills Inc announced a USD 65 million investment in 2021 at its Pillsbury refrigerated and frozen dough products plant and Yoplait yoghurt plant in Murfreesboro, Tennessee, to improve technology and equipment.

Global Frozen Desserts Market Scope

The frozen desserts market is segmented on the basis of product type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Confectionary & Candies
• Ice Cream
• Frozen Desserts
• Tofu
• Cakes & pastries
• Others

Distribution channel

• Supermarket/Hypermarket
• Convenience Stores
• Cafes & Bakery Shops
• Online
• Others

Frozen Desserts Market Regional Analysis/Insights

The frozen desserts market is analysed and market size insights and trends are provided by country, product type and distribution channel as referenced above.

The countries covered in the frozen desserts market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the frozen desserts market and will continue to do so during the forecast period due to consumer preferences in this region shifting from dairy-based frozen desserts to non-dairy-based frozen desserts products. Furthermore, product development, a high level of disposable income, and the presence of various frozen desserts flavours will accelerate the market's growth rate in this region. Due to rising consumer demand for frozen desserts and rising incidences of digestive disorders such as lactose intolerance in this region, Asia-Pacific is expected to grow at a significant rate during the forecast period of 2022-2029.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Frozen desserts Market Share Analysis

The frozen desserts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to frozen desserts market.

Some of the major players operating in the frozen desserts market are:

• Hain Celestial (US)
• Wells Enterprises (U.S)
• General Mills Inc. (US)
• Unilever (U.K)
• Nestlé (Switzerland)
• Kellogg Co. (U.S)
• Dnb.co.in. (U.S)
• Conagra Brands, Inc. (US)
• Unipex Dairy Products Co. Ltd (UK)
• Danone (France)
• ADM (U.S)
• Daiya Foods Inc. (Canada)