In 2022, the market for ice cream and frozen desserts will be worth US$ 137,300 million. As disposable income rises and the number of people consuming frozen desserts increases internationally, the market for ice cream and frozen desserts is anticipated to develop significantly over the course of the projected period.
Ice cream and frozen dessert are food products from the frozen food industry. They are consumed after a meal or served as a refreshment between meal courses. Ice cream and frozen desserts are composed of milk and cream combined with fruit and flavors, making it pleasing to the consumer. The growing trend of the consumption of ice cream and frozen dessert after a meal as a digestive product fuels the growth of the global ice cream and frozen dessert market. Another factor influencing the industry’s growth is the surge in demand for ice cream and frozen yogurt. Both kids and adults are on the rise for these tasty frozen food products because of the nutritional value obtained from their consumption.
The global ice cream and frozen dessert market are expected to witness significant growth over the forecast period due to the rise in disposable income and the growing population size of individuals consuming frozen desserts globally. However, the market is slated to witness a decline in growth due to the increasing health concerns among consumers. Consumers are on the watch for products with low-calorie content with healthy befitting properties.
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Ice Cream and Frozen Dessert Market Growth Driven by Consumers’ Changing Lifestyle
Ice cream and frozen dessert are classified as a ready-to-eat meal or convenience food that can be consumed anywhere and anytime. The present-day consumers are involved in a busy lifestyle, which doesn’t allow them to prepare food. Thus, they are ready to spend on ice cream and frozen desserts. Besides, the rise in consumption of yogurt and ice cream among consumers is another factor facilitating the global growth of the market. The global ice cream and frozen dessert market are slated to witness robust growth over the forecast period.
Availability at Retail Stores
The retail store is one of the most significant growth boosters for the ice cream and frozen dessert market. Ice cream and frozen dessert are readily available at various retail stores worldwide. Consumers find it easy to walk into a retail store to get frozen dessert, and this is expected to foster the growth of the market over the forecast period. Retail stores such as hypermarkets, supermarkets, convenience stores, and many more sell ice cream and frozen dessert products in bulk.
Ice Cream and Frozen Dessert Market Restraint
The global ice cream and frozen dessert market is not without its challenges. Major factors such as flavor, and fat content contained in ice cream and frozen dessert are expected to restrain the market’s growth over the forecast period.
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Ice Cream and Frozen Dessert Market: Competitive Landscape
Baskin-Robbins
Nestle SA
Unilever
Danone Groupe SA
Ben & Jerry’s Homemade Holdings Inc.
Cielo USA
Kraft Foods Group Inc.
Key Segments Covered in the Ice Cream and Frozen Dessert Industry Analysis
By Type:
Frozen Yogurt
Frozen Cakes
Ice Cream
Others
By Distribution Channel:
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Others
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