Ice Cream and Frozen Dessert Market

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.

Market Dynamic

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 Type:

• Frozen Yogurt
• Frozen Cakes
• Ice Cream
• Others

By Distribution Channel:

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 45.3%, Asia Pacific is a significant geographical market that is anticipated to contribute significantly to the worldwide market. New business opportunities are emerging as low-fat milk, and natural sweeteners gain popularity.
• A 34.6% market share in North America’s ice cream and frozen dessert sector is anticipated. The market is expected to grow in preference for chilled or frozen food, including dessert, among customers, particularly millennials, due to the ease of availability.

Competition Analysis

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:

• In January 2022, Cold Stone Creamery and Danone North America introduced a plant-based frozen treat. It is now sold in select Cold Stone Creamery locations in the United States. The item claims that it is non-GMO, vegan, and dairy-free.
• In March 2022, a new collection of frozen desserts, available in pints and cones and produced using the company’s Wondermilk, was unveiled by So Delicious Dairy Free.

A list of some of the key suppliers present in the market 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.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.