Ice Cream and Frozen Dessert Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Ice Cream and Frozen Dessert Market grew at a CAGR of 5.6% between 2017-2021 and is estimated to be US$ 1,27,564.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.2% and is expected to reach a valuation of US$ 2,11,780.6Mn by 2032 end.
Foods from the frozen food business include ice cream and frozen desserts. They are drunk following a meal or offered as a pick-me-up in between dishes. To make ice cream and frozen desserts that consumers would enjoy, milk and cream are blended with fruit and tastes.
The global ice cream and frozen dessert industry are expanding due to the growing trend of using these foods as a digestive aid after meals. The spike in demand for ice cream and frozen yogurt is another element driving the industry’s expansion. Due to the high nutritional content of these delightful frozen food products, their popularity is growing among children and adults.
GROWING CHANGES IN LIFESTYLE TO SPUR SALES
The ready-to-eat meals or convenience foods consumed anywhere and anytime includes ice cream and frozen desserts. Modern customers lead busy lives that prevent them from having time to prepare meals.
They are thus willing to spend money on ice cream and other frozen treats. Increasing yogurt and ice cream consumption among customers is another element promoting global market expansion. The market for ice cream and frozen desserts is expected to expand throughout the projection period.
AN INCREASE IN DEMAND FOR FOOD WITH LOW-CALORIE CONTENT WILL IMPEDE GROWTH
The market’s growth is anticipated to slow down due to customers’ growing health concerns. Customers are looking for items with reduced calorie counts and wholesome benefits.
Additionally, many brands have concentrated on reducing ice recrystallization, which could give ice cream and other frozen treats a gritty feel. Customers may not find this enticing, given how easily the crystals can be seen.
Market Segments Covered in Report
By Distribution Channel:
By Region and Country:
Which product type accounts for the highest demand?
Due to the rising millennial demand for convenience foods and new product launches in this category with appealing flavors to draw customers, the ice cream segment has the biggest market share. For instance, Magnum Ice Cream announced in February 2019 that new Magnum Non-Dairy frozen dessert bars would be available in the United States.
These bars would come in two delectable flavors: classic and almond. Vegan Action has certified these items as a vegan. In addition to these two varieties, customers in the nation are increasingly favoring cappuccino, rooibos tea, mocha, punch, cocoa, and tropical flavors.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Some ice cream firms are experimenting by releasing their own proprietary compositional rules. The worldwide ice cream and frozen dessert market have made it a priority throughout time to spread the word about the health advantages of the various products and the improvements they have made in terms of sensory qualities.
For instance, food businesses in the ice cream and frozen dessert markets use a variety of print and digital channels to promote the advantages of milk and milk solids. To communicate the nutritional composition of products to customers, many brands also use fat-free labeling. Customers who are concerned about obesity should be drawn to low-fat ice cream.
The recent developments in the Global Ice Cream and Frozen Dessert Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.2%.
Growing changes in lifestyle to spur sales
Major global Ice Cream and Frozen Dessert Market players are Baskin-Robbins, Nestle SA, Unilever, Danone Groupe SA, Ben & Jerry’s Homemade Holdings Inc., Cielo USA, Breyers Ice Cream, Casper’s Ice Cream, Graeter’s Ice Cream, Kraft Foods Group Inc.
An increase in demand for food with low-calorie content will impede growth
Asia Pacific Region is expected to account for the largest market revenue share in the Global Ice Cream and Frozen Dessert market.
Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.Speak to Analyst