The global frozen desserts market on a sweet growth trajectory
The global frozen desserts market is experiencing remarkable growth with a projected value of €124,48 billion by 2030.
From the impact of COVID-19 to evolving consumer preferences, the frozen desserts market is poised for a promising future.
Growth opportunities and competitive strategies
According to ResearchAndMarket’s report, the frozen desserts market has witnessed profound impact from COVID-19 and the looming global recession. Initially, the pandemic led to a surge in sales due to stockpiling, but logistical challenges disrupted production. As the world enters the post-pandemic phase, at-home consumption of frozen desserts has gained momentum, propelling the overall market growth. The report also sheds light on the economic growth projections and the market share of leading ice cream manufacturers in 2019.
Unveiling the emerging trends shaping the frozen desserts market
The frozen desserts market is shaped by several key trends that are driving its expansion. Consumers are increasingly demanding flavourful options with a focus on premium ingredients and clean labeling. Portable and convenient dessert formats have become popular among busy individuals. The market is also witnessing a surge in the demand for dairy-free and vegan frozen desserts, as well as innovative keto creations. The ice cream segment, fueled by indulgence and unique taste profiles, is experiencing substantial growth within the overall market.
From tried and trusted classics to exotic infusions: exploring the flavours of the frozen desserts market
The United States leads the global frozen desserts market with an estimated value of €27,29 billion in 2022. China, the world’s second-largest economy, is expected to reach a market size of €21,13 billion by 2030, boasting a robust CAGR of 7.3% during the analysis period. Japan and Canada are also anticipated to exhibit significant growth rates of 4.1% and 4.3%, respectively, from 2022 to 2030. The Asia-Pacific region, including Australia, India and South Korea, is contributing significantly to the market’s expansion, with a projected value of $12.2 billion by 2030.
Competing for a sweet slice
The frozen desserts market is highly competitive, with a diverse range of players aiming to capture their market share. The report highlights 1,246 featured competitors, including renowned brands such as 16 Handles, Bassetts Ice Cream, Bulla Dairy Foods, China Mengniu Dairy Company Ltd., Dairy Farmers of America Inc., Dairy Queen, Fonterra Co-operative Group Ltd., General Mills, Inc., Kellogg Company, Meiji Holdings Company, Ltd., Nestle S.A., Unilever plc, and Yili Group. These industry players focus on product innovation, effective marketing strategies, and expanding their distribution networks to meet evolving consumer preferences.