Frozen Desserts Market Report and Forecast 2024-2032

According to this report, the global frozen desserts market size reached a value of USD 96.19 billion in 2023. Aided by the rising consumer preference for convenience foods and the increasing demand for indulgent and innovative dessert options, the market is projected to further grow at a CAGR of 4.60% between 2024 and 2032 to reach a value of USD 144.33 billion by 2032.

Frozen desserts encompass a wide variety of products, including ice cream, frozen yogurt, gelato, sorbet, and sherbet, among others. These products are enjoyed globally due to their refreshing and indulgent nature, making them a popular choice among consumers. The convenience, variety, and evolving flavours of frozen desserts, along with rising disposable incomes, are driving the global frozen desserts market growth.

One of the key factors propelling the market development is the growing consumer demand for premium and artisanal products. With consumers increasingly seeking unique flavours and high-quality ingredients, there has been a surge in the production of gourmet frozen desserts that cater to this demand. This is one of the key frozen desserts market trends. Brands are focusing on offering products that incorporate exotic fruits, innovative textures, and artisanal preparation techniques, thereby elevating the overall consumer experience.

Additionally, the growing shift towards healthier lifestyles has significantly impacted the market dynamics. Consumers are now opting for low-calorie, sugar-free, and dairy-free options, leading to a rise in the production of frozen desserts that are aligned with health and wellness trends. Frozen yogurt, for example, has gained immense popularity as a healthier alternative to traditional ice cream, offering the benefits of probiotics and lower fat content. This is contributing to the frozen desserts market revenue.

The increasing demand for plant-based and dairy-free frozen desserts is another critical driver of market growth. With the rising prevalence of lactose intolerance and the growing adoption of vegan diets, there has been a surge in the production and consumption of plant-based frozen desserts made from almond milk, coconut milk, and soy milk, among other dairy alternatives. This is expected to propel the frozen desserts market value in the coming years, with manufacturers introducing a wide range of dairy-free products to cater to the expanding consumer base.

Moreover, the rise of personalised nutrition is expected to influence the market, with consumers seeking frozen desserts tailored to their specific dietary preferences, such as gluten-free, keto-friendly, and high-protein options. The integration of cutting-edge technologies, such as AI and machine learning, may also help manufacturers better understand consumer preferences and predict emerging trends, thereby driving product development and enhancing customer satisfaction.

In terms of distribution channels, supermarkets and hypermarkets hold the largest frozen desserts market share, owing to their extensive reach and the wide range of products they offer. Online retail platforms are also becoming increasingly popular, with many consumers opting for the convenience of home delivery and the ability to browse a vast array of frozen dessert options online.

North America and Europe are the largest markets for frozen desserts, driven by high consumer demand for indulgent food products and a well-established distribution network. However, as per the frozen desserts market analysis, the Asia-Pacific region is expected to witness the fastest growth over the forecast period, fuelled by increasing disposable incomes, the rising popularity of Western food products, and the expansion of urban areas.

Looking ahead, the market for frozen desserts is expected to be driven by continuous innovation in product offerings and the increasing demand for healthier and plant-based alternatives. Sustainability will also play a crucial role in shaping the future of the frozen desserts market, with brands focusing on eco-friendly packaging and ethically sourced ingredients to meet the expectations of environmentally conscious consumers.

Market Segmentation

The market can be divided based on product, distribution channel, and region.

Market Breakup by Product

• Frozen Yogurt
• Ice Cream
• Confectionaries and Candies
• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global frozen desserts market. Some of the major players explored in the report are as follows:

• Nestle S.A.
• Unilever Plc
• General Mills Inc.
• Fonterra Co-Operative Group Ltd.
• MEIJI Holdings Co. Ltd.
• Mondelez International, Inc.
• Inspire Brands, Inc.
• Dairy Farmers of America, Inc.
• Regal Cream Products Pty Ltd.
• Bassetts Ice Cream Company
• Others