The Global Frozen Dessert Market size is expected to reach $160 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 19,538.8 Kilo Tonnes experiencing a growth of 5.8% (2019-2022).
The rise of online sales and delivery has significantly impacted the market, transformed how consumers access, and enjoyed their favorite sweet treats. Online ordering and delivery offer unparalleled convenience to consumers. Therefore, online segment would generate $15,589.7 million revenue in the market in 2022. The proliferation of food delivery apps and e-commerce platforms has made it easier for consumers to access frozen desserts from a wide range of restaurants, dessert shops, and brands. As a result, these platforms provide a seamless ordering experience.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In January, 2023, General Mills, Inc. signed an agreement to partner with Specialty minerals company ICL Group Ltd. Under this partnership, started in June 2023, ICL's primary focus will be on providing supplies to General Mills' North American operations. Moreover, In July, 2023, Baskin Robbins, a subsidiary of Inspire Brands, Inc., collaborated with BarbieTM. The Mermaid Sundae beautifully encapsulates this ethos, and the company eagerly anticipate the customers delighting in this extraordinary experience.
Based on the Analysis presented in the KBV Cardinal matrix; Unilever PLC and Nestle S.A. are the forerunners in the Market. In August, 2021, Hindustan Unilever Limited, a fully owned subsidiary of Unilever PLC, collaborated with Pizza Hut, to provide ice creams and desserts. Companies such as Tyson Foods, Inc., Kellogg Company, General Mills are some of the key innovators in the Market.
The rise of health and fitness awareness has led consumers to seek out products that align with their dietary and nutritional goals. Protein is essential for muscle development and satiety, making protein-enriched desserts appealing to individuals focused on their health and physique. Many consumers consider protein-enriched frozen desserts a convenient and delicious way to replenish their protein stores after a workout, leading to their popularity among athletes and fitness enthusiasts. Protein helps promote a feeling of fullness, aiding in weight management. Consumers looking to control their calorie intake while enjoying a satisfying dessert turn to protein-enriched options. Protein-enriched frozen desserts often contain less sugar than their traditional counterparts. This reduction in sugar content appeals to health-conscious individuals aiming to limit their sugar consumption. As a result, these factors will boost the demand in the upcoming years.
Innovative marketing trends have played a pivotal role in shaping the market, helping brands capture consumer attention, stand out in a crowded landscape, and create memorable experiences. The market has harnessed the power of social media to engage with consumers effectively. Brands create visually appealing content showcasing their products and encourage user-generated content through hashtags and challenges. Influencer marketing has also been a game-changer, with food influencers and bloggers promoting frozen desserts to their dedicated followers. These influencers provide authentic and relatable reviews, building trust and driving sales. Owing to these factors, the market will see an increased demand in the future.
Obesity and dietary concerns related to frozen desserts can hamper demand for these indulgent treats. Many traditional frozen desserts, such as ice cream and frozen yogurt, are known for their high sugar content. Excessive sugar consumption is linked to health issues like type 2 diabetes, obesity, and tooth decay. Health-conscious consumers may opt for lower-sugar or sugar-free alternatives instead. For example, some individuals may purchase low-sugar frozen yogurt over regular frozen yogurt to reduce their sugar intake.
Based on product, the market is divided into confectionary & candies, ice cream, frozen yogurt, and others. The ice cream segment held the highest revenue share in the market in 2022. Ice cream comes in many flavors, from classic options like chocolate, vanilla, and strawberry to more adventurous choices like salted caramel, matcha, and lavender. This appeals to different tastes and preferences among consumers. Many consumers seek premium and artisanal ice cream options, often featuring high-quality ingredients and unique flavor combinations. Artisanal ice cream makers may use locally sourced or organic ingredients, adding to their appeal. With the rise in plant-based diets and lactose intolerance awareness, non-dairy and vegan ice cream options have gained popularity.
On the basis of distribution channel, the market is segmented into supermarket/hypermarket, convenience stores, café & bakery shops, online, and others. In 2022, the café & bakery shops segment garnered a significant revenue share in the market. This segment is known for its innovative approach to flavors and dessert creations. Café and bakery shops frequently introduce new and creative frozen dessert options, often influenced by seasonal ingredients and culinary trends. Some café and bakery shops allow customers to customize their frozen desserts by choosing their favorite toppings, mix-ins, or flavors. This level of personalization enhances the customer experience. Café and bakery shops typically provide a favorable atmosphere for customers to enjoy their frozen desserts.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 103.8 Billion |
| Market size forecast in 2030 | USD 160.8 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.8% from 2023 to 2030 |
| Number of Pages | 328 |
| Number of Table | 574 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded the largest revenue share in the market in 2022. Many consumers in North America are adopting plant-based diets for health reasons. Non-dairy and vegan frozen desserts are considered healthier alternatives, as they often contain less saturated fat and cholesterol than traditional dairy-based options. A significant portion of the population in North America is lactose intolerant or has dairy allergies. Non-dairy frozen desserts provide an option for individuals who cannot consume dairy products. Consumers in North America appreciate the connection to their local communities fromby supporting neighborhood businesses. Owing to these factors, the demand in North America will increase in the upcoming years.
Free Valuable Insights: Global Frozen Dessert Market size to reach USD 160.8 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A, Unilever PLC, General Mills, Tyson Foods, Inc., Kellogg Company, China Mengniu Dairy, 16 Handles, Bassetts Ice Cream, Berkshire Hathaway, Inc. and Inspire Brands, Inc.
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
This Market size is expected to reach $160 billion by 2030.
Rise in health and wellness trends are driving the Market in coming years, however, Concerns related to diet and poor health restraints the growth of the Market.
Nestle S.A, Unilever PLC, General Mills, Tyson Foods, Inc., Kellogg Company, China Mengniu Dairy, 16 Handles, Bassetts Ice Cream, Berkshire Hathaway, Inc. and Inspire Brands, Inc.
In the year 2022, the market attained a volume of 19,538.8 Kilo Tonnes experiencing a growth of 5.8% (2019-2022).
The Supermarket/Hypermarket segment is generating the highest revenue in the Market, by Distribution Channel in 2022; thereby, achieving a market value of $58.5 Billion by 2030.
The North America region dominated the Market, by region in 2022; and would continue to be a dominant market till 2030; thereby, achieving a market value of $56.5 Billion by 2030.
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