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Global Frozen Desserts Market Size, Share, Trends, Forecast: By Product: Frozen Yogurt, Ice Cream, Confectionaries and Candies, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Frozen Desserts Market Size
The global frozen desserts market value reached approximately USD 96.19 billion in 2023. The market is projected to grow at a CAGR of 4.60% between 2024 and 2032, reaching a value of around USD 144.33 billion by 2032.
| Global Frozen Desserts Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 96.19 |
| Market Size 2032 | USD Billion | 144.33 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.60% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.3% |
| CAGR 2024-2032 - Market by Country | India | 5.6% |
| CAGR 2024-2032 - Market by Country | China | 5.1% |
| CAGR 2024-2032 - Market by Product | Frozen Yogurt | 5.5% |
| CAGR 2024-2032 - Market by Distribution Channel | Online | 7.3% |
| Market Share by Country 2023 | Japan | 4.8% |
Global Frozen Desserts Market Growth
Consumer preferences shifting towards convenient food options and seasonal fluctuations in demand are key drivers in the market. Frozen desserts like frozen yoghurt and ice cream are increasingly favoured as meal accompaniments due to their diverse flavours and appealing taste profiles. Additionally, ice cream sales surge during summer months is significantly boosting the frozen desserts industry revenue during this season. Many ice cream providers also invest in limited-edition flavours to differentiate themselves and gain a competitive advantage in the market.
Global Frozen Desserts Market Analysis
Customisation has emerged as a significant trend aiding market development as consumers can adjust the toppings and flavours depending on their tastes. For instance, several ice cream providers offer their consumers the choice to customise their scoops. Market players are introducing an innovative range of products with unique flavours and textures to meet the demand in the frozen desserts market.
Global Frozen Desserts Industry Outlook
According to the Eurostat, in 2022, the European Union produced 3.2 billion litres of ice cream, a 5% increase from the previous year. Germany has been the leading producer with 620 million litres, followed by France with 591 million litres and Italy with 571 million litres. Germany's ice cream has the lowest price, averaging EURO 1.5 per litre, while France and Italy averaged EURO 1.9 and EURO 2.3 per litre, respectively. Austria had the highest average price at EURO 7.0 per litre, followed by Denmark at EURO 4.4 and Finland at EURO 2.8 per litre.
As per the U.S. Department of Agriculture, between 2020 and 2023, annual confectionery exports in the United States demonstrated significant growth. In 2020, exports were valued at approximately USD 545.03 million. By 2023, confectionery exports surged to USD 856.88 million. Canada has been the largest market, accounting for USD 450.89 million of the total exports. Mexico followed with $87.4 million, and the European Union imported USD 42.93 million worth of U.S. confectionery products, bolstering the frozen desserts market revenue.
According to the Australian Bureau of Statistics, in 2022-23, the apparent consumption of yoghurt has been estimated to be 22 grams per capita per day.
According to the Ministry of Statistics & Programme Implementation in India, the per capita net national income at current prices is estimated at USD 1,814.4 for 2021-22 and USD 2,042.1 for 2022-23. Additionally, the per capita private final consumption expenditure (PFCE) at current prices is estimated at USD 1,265.4 for 2021-22 and USD 1,432.2 for 2022-23.
The demand of the frozen dessert market in Australia is growing, as indicated by a rise in food retailing from AUD 14,255.2 million in April 2024 to AUD 14,357.5 million in May 2024, according to the Australian Bureau of Statistics. Specifically, supermarkets and grocery stores reported a 0.1% increase, amounting to $12.1 million during this period on a seasonally adjusted basis.
The market offers a diverse array of frozen desserts such as ice cream, frozen yoghurt, and innovative confections appealing to various consumer tastes.
- Increasing consumer preference for healthier options drives demand for low-fat, probiotic-rich frozen yoghurt and fruit-based desserts, boosting the growth of the frozen desserts industry.
- Frozen desserts enjoy widespread consumption worldwide, embraced in both developed and emerging markets due to cultural acceptance and evolving preferences.
Fluctuations in consumer demand based on seasons can impact sales, particularly affecting ice cream during colder periods.
- Concerns regarding sugar content and artificial additives may deter health-conscious consumers from regular consumption.
- Maintaining consistent product quality poses challenges in storage and transportation logistics.
Introducing new flavours, healthier ingredients, and functional additives can attract health-conscious consumers and drive frozen desserts market opportunities.
- Rising disposable incomes and evolving lifestyles in emerging economies present opportunities for growth in frozen dessert consumption.
- Growth in online sales platforms provides new avenues for direct consumer engagement and product promotion.
High competition among global and local brands leads to price competition and pressure on profit margins.
- Varied food safety regulations and labelling requirements across regions pose compliance challenges for multinational companies.
- Increasing awareness about packaging waste and sustainability practices may influence consumer choices and regulatory policies in the frozen desserts sector.
Key Players in the Global Frozen Desserts Market and their Key Initiatives
Nestle S.A.
- The company launched new low-calorie and plant-based frozen dessert options to meet growing frozen desserts market opportunities.
- Committed to using 100% recyclable packaging for frozen desserts by 2025.
Unilever Plc
- Expanded e-commerce platforms and partnered with delivery services.
- Launched a new line of vegan frozen desserts under the Magnum and Ben & Jerry’s brands.
General Mills Inc.
- Streamlined logistics to reduce costs.
- The company adopted eco-friendly packaging solutions to address the increasing demand of the frozen desserts market.
Fonterra Co-Operative Group Ltd
- Launches wellbeing nutrition solutions brand.
- Launched a tool to help customers access the emissions profile of individual New Zealand NZMP products.
Global Frozen Desserts Industry Segmentation
“Global Frozen Desserts Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Frozen Yogurt
- Ice Cream
- Confectionaries and Candies
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| CAGR 2024-2032 - Market by | Country |
| India | 5.6% |
| China | 5.1% |
| Saudi Arabia | 5.0% |
| Canada | 4.9% |
| Mexico | 4.7% |
| USA | XX% |
| UK | 4.5% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Brazil | XX% |
Frozen Desserts Market Share
In terms of product categories, the market includes frozen yoghurt, ice cream, confectionery, and candies, among others, driving growth in the frozen desserts market. Frozen yoghurt has become increasingly popular, surpassing ice cream demand in many regions due to its low-fat content, inclusion of prebiotics and probiotics, and availability of a wide range of flavours from traditional vanilla and chocolate to exotic fruits.
Leading Companies in the Frozen Desserts Market
The market participants are introducing novel flavours to stay ahead of the competition.
- Nestle S.A.
- Unilever Plc
- General Mills Inc.
- Fonterra Co-Operative Group Ltd.
- MEIJI Holdings Co. Ltd.
- Mondelez International, Inc.
- Inspire Brands, Inc.
- Dairy Farmers of America, Inc.
- Regal Cream Products Pty Ltd.
- Bassetts Ice Cream Company
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Frozen Desserts Market Report Snapshots
Frozen Desserts Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Frozen Desserts Market Analysis
8.1 Key Industry Highlights
8.2 Global Frozen Desserts Historical Market (2018-2023)
8.3 Global Frozen Desserts Market Forecast (2024-2032)
8.4 Global Frozen Desserts Market by Product
8.4.1 Frozen Yogurt
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Ice Cream
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Confectionaries and Candies
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Frozen Desserts Market by Distribution Channel
8.5.1 Supermarkets and Hypermarkets
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Convenience Stores
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Specialty Stores
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Online
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Frozen Desserts Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Frozen Desserts Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Frozen Desserts Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Frozen Desserts Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Frozen Desserts Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Frozen Desserts Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 2105)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nestle S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Unilever Plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 General Mills Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Fonterra Co-Operative Group Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 MEIJI Holdings Co. Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Mondelez International, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Inspire Brands, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Dairy Farmers of America, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Regal Cream Products Pty Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Bassetts Ice Cream Company
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certification
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Frozen Desserts Market: Key Industry Highlights, 2018 and 2032
2. Global Frozen Desserts Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Frozen Desserts Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Frozen Desserts Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global Frozen Desserts Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global Frozen Desserts Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Frozen Desserts Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Frozen Desserts Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Frozen Desserts Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Frozen Desserts Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Frozen Desserts Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Frozen Desserts Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Frozen Desserts Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Frozen Desserts Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Frozen Desserts Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Frozen Desserts Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Frozen Desserts Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Frozen Desserts Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 96.19 billion.
The global frozen desserts market is assessed to grow at a CAGR of 4.60% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 144.33 billion by 2032.
The market is being driven due to shift in consumer preference towards convenient food, the rise in seasonal demand and the expansion of supermarkets and retail stores.
The key trends aiding the market include customisation and personalisation, the introduction of innovative flavours, and advancements in the production process.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on product, market segmentations include frozen yoghurt, ice cream, and confectionaries and candies, among others.
Based on the distribution channel the market is divided into supermarkets and hypermarkets, convenience stores, specialty stores, online and others.
The market's key players are Nestle S.A., Unilever Plc, General Mills Inc., Fonterra Co-Operative Group Ltd., MEIJI Holdings Co. Ltd., Mondelez International, Inc., Inspire Brands, Inc., Dairy Farmers of America, Inc., Regal Cream Products Pty Ltd., and Bassetts Ice Cream Company, among others.
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