Market Size of Frozen Desserts Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 97.80 Billion |
| Market Size (2029) | USD 119.85 Billion |
| CAGR (2024 - 2029) | 4.15 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Frozen Desserts Market Analysis
The Frozen Desserts Market size is estimated at USD 97.80 billion in 2024, and is expected to reach USD 119.85 billion by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).
In recent years, numerous innovative products have been launched in the frozen bakery and desserts category. Consumers are paying more attention to their health and wellness. This has resulted in the emergence of innovative flavors and low-fat, gluten-free products. Increasing demand for low-sugar and low-calorie desserts is expected to drive the market's growth. Innovation in products, flavors, and packaging has proven to be a crucial growth factor. Ice cream and frozen yogurts are gaining popularity among consumers due to product convenience and time-saving factors. For instance, in April 2024, CitraPac added a new line of frozen yogurt dessert products under its Nature’s Premium label. The company’s Dessert Pearls feature a yogurt pearl base mixed with various texture and flavor ingredients, such as shortbread cookie crumbles in its cookies and cream flavor or strawberries in its strawberry cheesecake flavor.
Furthermore, the demand for gluten-free, clean-label products is increasing due to their health benefits and different allergies. Gluten-free frozen desserts are widely accepted in the United States, Europe, and other developing countries. The market is being driven by rising disposable incomes, the introduction of new flavors, increasing impulse purchasing, and a huge demand for frozen desserts among consumers globally. Ice creams emerged as the leading product category. The factors affecting the market's growth are flavors, fat content, sweetness, and texture.
Frozen Desserts Industry Segmentation
Frozen desserts are made by freezing liquids, semi-solids, and sometimes even solids. They may be based on flavored water, fruit purées, milk and cream, custard, and mousse. Most of these products are prepared from dairy products, such as milk and cream.
The frozen desserts market is segmented by type, distribution channel, and geography. By type, the market is segmented into frozen yogurt, ice cream, frozen cakes, and other types. By distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, specialist stores, and other distribution channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The market sizing has been done in value (USD) for all the abovementioned segments.
| Type | |
| Frozen Yogurt | |
| Ice Cream | |
| Frozen Cakes | |
| Other Types |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Speciality Stores | |
| Other Distribution Channels |
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Frozen Desserts Market Size Summary
The frozen desserts market is experiencing a dynamic transformation, driven by consumer preferences for health-conscious and innovative products. The market is witnessing a surge in demand for low-fat, gluten-free, and low-sugar desserts, as consumers increasingly prioritize health and wellness. This trend has spurred the introduction of novel flavors and product variations, such as frozen yogurt gelato and gluten-free sweet bakery items, catering to diverse dietary needs and preferences. The popularity of ice creams and frozen yogurts is on the rise, attributed to their convenience and time-saving attributes. The market's growth is further fueled by rising disposable incomes, impulse purchasing, and a shift towards vegan and non-dairy products, which offer significant health benefits and cater to lactose-intolerant consumers. The industry is characterized by extensive product innovation, with companies like Unilever and Nestlé expanding their portfolios to include cow-free dairy and blended flavors, enhancing consumer appeal and market reach.
Regionally, the frozen desserts market is witnessing robust growth in countries like China and India, driven by changing consumer habits and increasing disposable incomes. In China, the market is buoyed by the popularity of frozen desserts on sticks, appealing to the young population's preference for convenient snacks. Meanwhile, in India, product innovations featuring local flavors and natural ingredients are driving demand, with brands like Vadilal Enterprises introducing gourmet ranges to cater to evolving consumer tastes. The market is highly fragmented, with major players such as Unilever, Nestlé, and General Mills competing on various fronts, including product quality, flavor diversity, and marketing strategies. These companies are leveraging opportunities in emerging markets to expand their presence and meet the growing demand for frozen desserts globally.
Frozen Desserts Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Consumers Inclination Toward Healthier and Lower-fat Options
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1.1.2 Innovation in Different Flavors
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1.2 Market Restraints
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1.2.1 Rising Concerns Regarding Sugar Consumption is Hampering the Growth
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Frozen Yogurt
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2.1.2 Ice Cream
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2.1.3 Frozen Cakes
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2.1.4 Other Types
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2.2 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Speciality Stores
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2.2.4 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Frozen Desserts Market Size FAQs
How big is the Frozen Desserts Market?
The Frozen Desserts Market size is expected to reach USD 97.80 billion in 2024 and grow at a CAGR of 4.15% to reach USD 119.85 billion by 2029.
What is the current Frozen Desserts Market size?
In 2024, the Frozen Desserts Market size is expected to reach USD 97.80 billion.
