Frozen Desserts Market Overview:
MRFR estimates that the Frozen Desserts Market is likely to value USD 123.75 billion over the forecast period from 2024 to 2032 at a CAGR of 5.51%. The market valued at USD 127.30 billion in 2024 and USD 195.50 in 2032. This growth of the market is attributed to rising demand for frozen dessert coupled with availability and variety of the desserts available.
Read More @ https://www.marketresearchfuture.com/reports/frozen-dessert-market-1520
Increased disposable income of middle class is one of the key factors driving growth of the global Frozen Desserts Market Size. Additionally, the key players in the industry are attempting to diversify their products with diverse types of products, which are further gaining traction of the market growth during next few years. However, due to rising health consciousness several frozen desserts are witnessing lower demand; nonetheless, the premium ice-creams with exotic Flavors are witnessing higher adoption, which in turn is driving growth of the market.
The popularity of small-portion snacks is growing, driving adoption of high quality ice-cream especially at events and gatherings. At such events, ice-crams are served as desserts. Rising number of public events are driving demand for frozen desserts resulting in growth of the market. Moreover, rising trend of gifting sweets at parties and on several occasions is providing push to the frozen desserts market.
Key Players:
Key Companies in the Frozen Desserts Market includes: The Hain Celestial Group (US),Halo Top Creamery (US),General Mills Inc. (US),Unilever (UK),Nestlé SA (Switzerland),Kellogg Company (US),DD IP Holder LLC (US),Conagra Brands Inc. (US),London Dairy Co. Ltd (UK),Danone SA (France),Dairy Queen (US),Ferrero (Luxembourg),Daiya Foods Inc. (Canada),Archer Daniels Midland Company (US),Nestlé S.A. (Switzerland),Arla Foods amba (Denmark),Unilever (UK).
Regional Analysis:
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific Frozen Desserts market accounted for USD 55.1 billion in 2022 and is expected to exhibit a noteworthy CAGR growth during the study period. The Asian market for frozen desserts is destined to be a huge success because of the rising demand for low-fat, wholesome foods that encourage consumers to spend more money on these items. The main drivers of the frozen desserts market in this region are a large population, a sizable young generation, rising disposable incomes, and shifting eating patterns. Additionally, ice cream manufacturers are responding to consumers' growing demand for natural ingredients by incorporating them into their products. Moreover, China’s Frozen Desserts market held the largest market share, and the India Frozen Desserts market was the fastest-growing market in the Asia-Pacific region.