Frozen Desserts Market – Overview

The Emerging Market Opportunities for Frozen Desserts Market  appear to be conducive for the acceptance of convenience food in Europe and Asia Pacific region. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on global frozen desserts Market Research Report- Forecast to 2027 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.

The Demand of Frozen Desserts is increasing rapidly due to the changing lifestyle and evolving dietary pattern, convenience food plays an important role in defining the consumers’ food choices in the modern world. The trend of consumption of convenience food began in western world and spread to other regions rapidly. Looking at the economic development at global level and specifically for BRIC countries, the increasing purchasing power of consumers, convenience trends are likely to remain significant. The increasing consumption of convenience food is driven by this desire to create more leisure time which means that consumers like to maximize their free time along with their disposable income and spend more time doing the things they value more.

Frozen Desserts Market - Competitive Analysis

Key manufacturers are focusing to enhance its brand name by arranging various promotional activities. The company has participated in various social media promotions, events and interaction with the consumers. The manufacturers have demonstrated their new product offerings in order to attract the new customers.

The key players profiled in Frozen Desserts Market are Gilfi, Cool Delight Desserts Ltd, Hiland Diary, Byrne Dairy, Nestle, Edys, Unilever, Wells Enterprises, Blue Bell, and Ben & Jerry's among many others.

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Frozen Desserts Market – Segments

Global Frozen Desserts Market has been divided into type, ingredients, and region

Based on Type: Flavored Liquid, Fruit Juice, Milk & Cream, Mousse, and Others

Based on Ingredients: Dairy Based, Non-Dairy Based, Fruits, Gelatos, And Others

Based on Region: North America, Europe, Asia Pacific and Rest of the World

Frozen Desserts Market - Regional Analysis

The Global Frozen Desserts Market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the regions, North America is estimated to retain its dominance throughout the forecast period of 2017-2027. This is attributed by the increasing per capita disposable income of the consumers coupled with the increasing consumer inclination towards the growing habits of out of home dinning. Europe is also estimated to account for 30.25% of market proportion in the year of 2017. The growth of Europe frozen desserts market is anticipated to be driven by the presence of key players in Western European countries.

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The global frozen dessert market size is expected to reach USD 135.0 billion by 2025, expanding at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Increasing demand for frozen dessert products across the globe, rising disposable income, growing trend of consuming frozen desserts after meal as an effective digestive product, and climate change are the key factors for industry growth.

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These desserts are mainly made up of milk compounds, vegetable fats, along with a mixture of flavors and dry fruits. Rising awareness regarding health benefits of these products is also driving the market. Climate change is another factor likely to create high demand for desserts such as ice cream and yogurt on a global scale. It is estimated that the demand for ice-creams alone can easily go up to 50% in hot day and drop 20% if the weather is bad. Customers believe that they eat ice creams just to cool down their body temperature in hot climate, thereby fueling the growth of the market.

North America was the largest regional market in the year 2018 owing to growing demand for ice creams in the region. In 2018, U.S. was the largest market that accounted for 91.6% share in the North America market. Changing lifestyle, along with increasing health consciousness, is fueling the growth of this market. Frozen yogurt is the most popular product under this segment, having more than 400 brands that offer numerous flavors to consumers.

Considering this, the United States Department of Agriculture (USDA) initiated several projects to promote the consumption of yogurt and related products across the region. Low-fat yogurt is a great source of calcium and is increasingly promoted by the organization for health and nutrition. Asia Pacific is expected to emerge as the fastest growing regional market in the forecast period. Growing urban population, changing lifestyle, rising disposable income, and changing weather conditions are some of the major factors driving the market in this region.

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Further key findings from the study suggest:

• By product, frozen yogurt is projected to expand at a CAGR of 6.8% over the forecast period
• Based on distribution channel, the supermarket/hypermarket segment held a revenue share of 43.1% in 2018
• U.S., Italy, Germany, Japan, India, Brazil, and South Africa for frozen desserts market are the major countries which holds the largest share in their respective regions.

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