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Ice Cream And Frozen Dessert Global Market Report 2024 - By Share, Trends, Growth, Report, Outlook By 2033
The Business Research Company's Ice Cream And Frozen Dessert Global Market Report 2023 identifies world's population as the major driver for the Ice Cream And Frozen Dessert market's growth in the forecast periodAn increase in the population creates more demand for food. According to 'The Agricultural Outlook' by the OECD and FAO, global cereal production is projected to increase by 13% by 2027. Trade volumes will have to increase in order to meet the increased population.
The ice cream and frozen dessert market size has grown strongly in recent years. It will grow from $101.83 billion in 2023 to $108.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to consumer sweet tooth, diverse flavor options, established brands, summer seasonality, dessert culture. The ice cream and frozen dessert market size is expected to see strong growth in the next few years. It will grow to $140.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Major competitors in the Ice Cream And Frozen Dessert market are Nestle S.A., Unilever PLC, Danone S.A., Groupe Lactalis S.A., and Frieslandcampina.
A key trend in the Ice Cream And Frozen Dessert market includes increasing demand for E-commerce. E-commerce refers to the buying and selling of goods and services over the internet. E-commerce platforms offer convenience to consumers by allowing them to browse and purchase a wide variety of ice cream and frozen dessert products from the comfort of their homes. This convenience encourages impulse purchases and repeat business. For instance, in August 2023, according to the United States Census Bureau, a US-based government agency, compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 climbed by 7.5% (or 1.4%), while overall retail sales rose by 0.6% (or 0.4%). 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the increasing growth of e-commerce is driving the growth of the ice cream and frozen dessert market.
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The Ice Cream And Frozen Dessert market is segmented -
• By Type: Ice Cream, Frozen Dessert
• By Product: Ice-cream, Gelato, Frozen Custard, Frozen Yoghurt, Frozen Novelties, Sorbet and Other Products
• By Category: Conventional, Sugar- Free
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
• By End User: Personal , Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Ice Cream And Frozen Dessert market.
The Business Research Company's "Global Ice Cream And Frozen Dessert Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ice Cream And Frozen Dessert Market Include:
1. Executive Summary
2. Ice Cream And Frozen Dessert Market Characteristics
3. Ice Cream And Frozen Dessert Product/Service Analysis -Product/Service Examples
4. Ice Cream And Frozen Dessert Market Trends And Strategies
5. Ice Cream And Frozen Dessert Market - Macro Economic Scenario
.............
68. Global Ice Cream And Frozen Dessert Market Competitive Benchmarking
69. Global Ice Cream And Frozen Dessert Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Ice Cream And Frozen Dessert Market
71. Ice Cream And Frozen Dessert Market Future Outlook and Potential Analysis
72. Appendix
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