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The Frozen Desserts Market grew from USD 86.16 billion in 2023 to USD 91.56 billion in 2024. It is expected to continue growing at a CAGR of 6.68%, reaching USD 135.55 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The frozen desserts market encompasses a range of products, including ice creams, sherbets, sorbets, frozen yogurts, gelatos, and other related offerings. These products serve not only as indulgent treats but also increasingly as functional foods catering to dietary requirements, such as dairy-free, vegan, and low-calorie options. The necessity of frozen desserts is driven by consumer demand for convenience, indulgence, and novelty, with applications spanning from household consumption to foodservice outlets, including restaurants, cafes, and event catering. End-use scope is wide-reaching, appealing to various demographics and markets, from family households to gourmet and health-conscious niches.
Key growth factors driving the market include increased urbanization, rising disposable incomes, and a growing shift toward premium and artisanal products. Additionally, innovations in flavor and texture, alongside the emergence of health-oriented options, are steering market dynamics. However, challenges such as fluctuating prices of raw materials, strict regulatory guidelines, and the threat of substitutes in the health and wellness segment pose limitations. Despite these challenges, opportunities abound in the expansion of plant-based and low-sugar dessert alternatives, aligning with current consumer health trends. Recommendations for capturing market share include investing in emerging markets, focusing on e-commerce platforms for distribution, and developing sustainability-oriented products.
Innovation areas ripe for exploration include improved formulation for texture and taste in less traditional offerings, such as ketogenic and high-protein frozen desserts. Researching consumer preferences for novel and exotic flavors can also provide a competitive edge. The market nature is dynamic, with rapid shifts in consumer preferences emphasizing the need for agility in product development and marketing strategies. Companies that actively monitor these shifts and adapt swiftly, particularly by leveraging data analytics and consumer feedback, will be better positioned for sustained growth and resilience against market challenges.
Understanding Market Dynamics in the Frozen Desserts Market
The Frozen Desserts Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Increasing purchasing power of consumers, change in lifestyle, and food habits
- Upsurge in demand for low-sugar and low-calorie desserts
- Ongoing increasing demand for ready-to-eat frozen desserts coupled with expanding E-commerce sector
- Market Restraints
- Rising consumer awareness about artificial sweeteners used in frozen desserts
- Market Opportunities
- Technological advancements in the cold chain offering operational excellence in the bakery industry
- Ongoing advancements in sustainable packaging
- Market Challenges
- Limited cold chain infrastructure in developing economies
Exploring Porter’s Five Forces for the Frozen Desserts Market
Porter’s Five Forces framework further strengthens the insights of the Frozen Desserts Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Frozen Desserts Market
External macro-environmental factors deeply influence the performance of the Frozen Desserts Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Frozen Desserts Market
The Frozen Desserts Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Frozen Desserts Market
The Frozen Desserts Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Frozen Desserts Market
The Frozen Desserts Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Frozen Desserts Market, highlighting leading vendors and their innovative profiles. These include Am. D.Q. Corp., Archer-Daniels-Midland Company, Arla Foods Group, Barentz International B.V., Blue Bell Creameries, Bulla Dairy Foods, Conagra Brands, Inc., Dairy Farmers of America Inc., Daiya Foods Inc. by Otsuka Pharmaceutical Co., Ltd., Danone S.A., Ferrero International S.A., Fonterra Co-operative Group Limited, Froneri International Limited, General Mills, Inc., Inspire Brands LLC, Kellanova, Meiji Holdings Company, Ltd., Mondelez International, Inc., MTY Food Group Inc., Nestlé S.A., The Hain Celestial Group, Inc., Tofutti Brands Inc., Tyson Foods, Inc., Unilever PLC, and Yili Group.Market Segmentation & Coverage
This research report categorizes the Frozen Desserts Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Cakes & Pastries
- Confectionery & Candies
- Custards & Pudding
- Doughnuts & Pies
- Frozen Yogurt
- Ice Creams
- Sorbet & Sherbet
- Distribution Channel
- Offline
- Online
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Frozen Desserts Market, by Product
7. Frozen Desserts Market, by Distribution Channel
8. Americas Frozen Desserts Market
9. Asia-Pacific Frozen Desserts Market
10. Europe, Middle East & Africa Frozen Desserts Market
11. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Frozen Desserts market, which are profiled in this report, include:- Am. D.Q. Corp.
- Archer-Daniels-Midland Company
- Arla Foods Group
- Barentz International B.V.
- Blue Bell Creameries
- Bulla Dairy Foods
- Conagra Brands, Inc.
- Dairy Farmers of America Inc.
- Daiya Foods Inc. by Otsuka Pharmaceutical Co., Ltd.
- Danone S.A.
- Ferrero International S.A.
- Fonterra Co-operative Group Limited
- Froneri International Limited
- General Mills, Inc.
- Inspire Brands LLC
- Kellanova
- Meiji Holdings Company, Ltd.
- Mondelez International, Inc.
- MTY Food Group Inc.
- Nestlé S.A.
- The Hain Celestial Group, Inc.
- Tofutti Brands Inc.
- Tyson Foods, Inc.
- Unilever PLC
- Yili Group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 198 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 91.56 Billion |
| Forecasted Market Value ( USD | $ 135.55 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
