The global frozen desserts market is set to witness growth at a CAGR of 5.8% and is anticipated to reach a valuation of around US$ 176 Billion by 2032.
The market is anticipated to grow as customers become more aware of the numerous health advantages of organic sweets, including their low-fat and low-sugar makeup. The expansion of supermarkets and hypermarkets around the world is also projected to boost sales of frozen desserts because these companies periodically provide discounts.
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However, growing consumer health concerns may hurt company over the next ten years. The World Health Organisation (WHO) estimates that there are currently 422 million diabetics globally, and that number is anticipated to rise to 600 million during the next 20 years. As a result, customers are seeking for low-calorie, dairy-free, and vegan products, which could be detrimental to sales.
But as demand for organic frozen desserts grows, a number of companies are attempting to diversify their product offerings in this sector. For instance, the New York-based company KIND Healthy Snacks (KIND) debuted KIND FROZEN Pints in May 2021. Each serving of this brand-new collection of creamy, plant-based frozen treats has 4-6g of protein.
Key Takeaways: Frozen Desserts Market
- The global frozen desserts industry is anticipated to reach a valuation of around US$ 100.1 Bn by 2022.
- By product type, the ice cream segment is anticipated to account for around 50% of the global frozen desserts industry share over the forecast period.
- The U.S. frozen desserts industry is expected to generate the lion’s share with rising demand for low-fat and healthy desserts.
- Sugar free frozen desserts to emerge as a lucrative category among consumers in the upcoming decade.
- The China frozen desserts market is set to exhibit steady growth on the back of surging number of ice cream parlors in the country.
“Rising demand for gluten free and low-fat desserts is set to augment growth in the frozen desserts market during the evaluation period,” says a Future Market Insights analyst.
Competitive Landscape: Frozen Desserts Market
The frozen desserts market is highly fragmented with the presence of both domestic and international players such as Unilever, Nestle, and General Mills among others. Top players are focusing on entering emerging markets by expanding their product portfolios to meet the surging consumer demand for various types of desserts, including ice creams.
Some of the other players are competing on the basis of product offerings, taste, flavors, quality, price, packaging, size, functionality, and promotional activities to gain a competitive advantage in the frozen desserts industry.
For instance,
- In April 2022, KLIMON, a dairy-free frozen dessert producer, launched 100% plant-based, almond-based, and dairy-free frozen dessert pints in 5 innovative flavors at select Walmart locations across the U.S.
- In January 2022, Mondelez International, Inc., an American food manufacturer, introduced its latest range of frozen treats under the Oreo brand. The new range includes Oreo tubs, sandwiches, cones, and bars.
Explore More Valuable Insights on Frozen Desserts Market
Future Market Insights, in its new report, offers an impartial analysis of the global frozen desserts industry, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (ice cream, frozen yogurt, frozen cake, and other product type), category (conventional and sugar free), and sales channel (offline sales channel [supermarkets/hypermarkets, departmental stores, convenience store, and other sales channel] and online sales channel [company website and e-commerce platform]) across seven major regions of the world.
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Frozen Desserts Market Outlook by Category
By Product Type:
- Ice Cream
- Frozen Yogurt
- Frozen Cake
- Other Product Type
By Category:
- Conventional
- Sugar Free
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
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Frequently Asked Questions
- How much was the frozen desserts market worth in 2021?
- At what CAGR is the frozen desserts market likely to grow over the forecast period?
- How much will the frozen desserts market be worth by 2032?
- Which region is expected to lead the frozen desserts market over the forecast period?
- Who are the key players in the frozen desserts market?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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