Frozen Desserts Market Size, Share, Industry Trends and Forecast to 2033
This report analyzes the Frozen Desserts market between 2023 and 2033, offering insights into market size, growth trends, regional performance, and segment analysis within the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $32.50 Billion |
| CAGR (2023-2033) | 5.8% |
| 2033 Market Size | $57.89 Billion |
| Top Companies | Unilever, Nestlé, General Mills, Mars, Incorporated, Dreyer's Grand Ice Cream |
| Last Modified Date | 15 November 2024 |
Frozen Desserts Market Overview
What is the Market Size & CAGR of Frozen Desserts market in 2023?
Frozen Desserts Industry Analysis
Frozen Desserts Market Segmentation and Scope
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Frozen Desserts Market Analysis Report by Region
Europe Frozen Desserts Market Report:
Europe is another significant market for Frozen Desserts, expected to grow from $7.88 billion in 2023 to $14.04 billion by 2033. The demand for gourmet and organic frozen desserts is driving growth in countries like France, Italy, and Germany, where there is a rich heritage of dessert making.Asia Pacific Frozen Desserts Market Report:
The Asia-Pacific region is anticipated to experience robust growth in the Frozen Desserts market, with a rise in the young population and a growing appetite for desserts. Market size is expected to reach approximately $11.17 billion by 2033, growing from $6.27 billion in 2023. This growth is driven by increasing disposable income and gourmet dessert trends in countries like China and India.North America Frozen Desserts Market Report:
North America, particularly the United States, dominates the Frozen Desserts market with a size of $21.25 billion expected by 2033, up from $11.93 billion in 2023. This growth is spurred by the strong tradition of ice cream consumption and the introduction of premium, artisanal products catering to health-conscious consumers.South America Frozen Desserts Market Report:
In South America, the Frozen Desserts market is projected to grow steadily, reaching $4.31 billion by 2033 from $2.42 billion in 2023. Brazil and Argentina lead this growth due to consumer preferences for frozen desserts as a popular treat. Local manufacturers are focusing on innovative flavors to appeal to regional tastes.Middle East & Africa Frozen Desserts Market Report:
The Middle East and Africa region is gradually emerging in the Frozen Desserts market, with forecasts indicating growth from $4.00 billion in 2023 to $7.13 billion by 2033. The increasing penetration of international brands and a young consumer base supporting culinary interests will further enhance market potential.Request a custom research report for industry.
Frozen Desserts Market Analysis By Product
Global Frozen Desserts Market, By Product Market Analysis (2024 - 2033)
The product segment shows ice cream leading with a market increase from $14.37 billion in 2023 to $25.59 billion in 2033. Other segments like sorbet, gelato, and frozen yogurt also see considerable growth but remain smaller in share compared to traditional ice cream, reflecting diverse consumer preferences.
Frozen Desserts Market Analysis By Distribution Channel
Global Frozen Desserts Market, By Distribution Channel Market Analysis (2024 - 2033)
Distribution channels show supermarkets/hypermarkets holding a significant market share of 51.58% in 2023. Online retail channels are also gaining traction, growing from $4.67 billion in 2023 to $8.32 billion by 2033, marking a shift in purchasing behavior among consumers towards convenience.
Frozen Desserts Market Analysis By Ingredient Type
Global Frozen Desserts Market, By Ingredient Type Market Analysis (2024 - 2033)
Dairy-based ingredients dominate the market with a size of $16.76 billion in 2023, expected to reach $29.86 billion by 2033. However, plant-based alternatives are gaining ground, appealing to vegan consumers and those seeking healthier options.
Frozen Desserts Market Analysis By Consumer Type
Global Frozen Desserts Market, By Consumer Type Market Analysis (2024 - 2033)
Children are the largest consumer segment of frozen desserts, making up 61.9% of the market in 2023 with a growth to 61.9% in 2033, followed by adults and seniors, reflecting targeted marketing and product development toward younger demographics.
Frozen Desserts Market Analysis By Packaging Type
Global Frozen Desserts Market, By Packaging Type Market Analysis (2024 - 2033)
Bulk packaging dominates the Frozen Desserts market with an 80.07% share in 2023, highlighting the consumer preference for larger, affordable packs, particularly in the supermarket channel.
Frozen Desserts Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Frozen Desserts Industry
Unilever:
Unilever is a major player in the frozen desserts sector with well-known brands like Magnum and Ben & Jerry's, known for their innovative flavors and sustainable practices.Nestlé:
Nestlé leads the market with its extensive range of products including Häagen-Dazs and other local brands, focusing on premium products and healthy options.General Mills:
General Mills, with brands such as Haagen-Dazs and Yasso, is focusing on growth through innovation in flavors and packaging that appeal to health-conscious consumers.Mars, Incorporated:
Mars leans into the popularity of their candy products, offering innovative frozen dessert options that cater to both adults and children.Dreyer's Grand Ice Cream:
Dreyer's, a well-established brand in the U.S., continues to leverage its strong distribution network and extensive flavor profiles to maintain a significant market share.We're grateful to work with incredible clients.
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FAQs
What is the market size of frozen desserts?
The global frozen desserts market is valued at approximately $32.5 billion in 2023 and is projected to grow at a CAGR of 5.8%, reaching a significant size by 2033.
What are the key market players or companies in the frozen desserts industry?
Key market players in the frozen desserts industry include major brands such as Unilever, Nestle, General Mills, and Häagen-Dazs, who lead with innovative product offerings and extensive distribution channels.
What are the primary factors driving the growth in the frozen desserts industry?
Factors driving growth include increasing consumer demand for convenience foods, innovations in flavors and textures, and a rising trend towards healthier frozen desserts that cater to health-conscious consumers.
Which region is the fastest Growing in the frozen desserts market?
The Asia Pacific region is the fastest-growing market for frozen desserts, projected to rise from $6.27 billion in 2023 to $11.17 billion by 2033, driven by urbanization and changing lifestyle patterns.
Does ConsaInsights provide customized market report data for the frozen desserts industry?
Yes, ConsaInsights offers customized market reports tailored to specific needs, enabling businesses to obtain detailed insights relevant to their unique operational context in the frozen desserts industry.
What deliverables can I expect from this frozen desserts market research project?
Deliverables include a comprehensive market analysis report with market size, growth forecasts, competitive landscape, regional insights, and segment analysis, providing actionable data for decision-making.
What are the market trends of frozen desserts?
Key trends in the frozen desserts market include increasing popularity of plant-based options, premium indulgent products, and innovations in packaging, all aimed at enhancing consumer appeal and convenience.