Press release
Ice Cream and Frozen Dessert Market Size 2024 to 2031.
Market Overview and Report CoverageThe Ice Cream and Frozen Dessert Market is a thriving industry that offers various frozen treats to consumers worldwide. This market includes a wide range of products such as ice cream, gelato, sorbet, frozen yogurt, and more. The demand for these frozen desserts is driven by factors such as changing consumer preferences, innovative product launches, and the growing trend of indulging in sweet treats.
The future outlook of the Ice Cream and Frozen Dessert Market looks promising, with an expected growth rate of 6.00% during the forecasted period. This growth can be attributed to the increasing disposable income of consumers, which allows them to spend more on premium and indulgent frozen desserts. Additionally, the rising awareness of healthier alternatives such as low-fat and sugar-free options is also driving the market forward.
Overall, the current outlook for the Ice Cream and Frozen Dessert Market is positive, with companies continuously innovating and introducing new flavors and products to cater to changing consumer preferences. The market is expected to witness steady growth in the coming years, fueled by the growing demand for frozen treats and the introduction of healthier alternatives.
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Market Segmentation
The Ice Cream and Frozen Dessert Market Analysis by types is segmented into:
• Ice Cream
• Frozen Dessert
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The Ice Cream market includes products like traditional ice cream, gelato, and sorbet, made primarily with dairy ingredients. On the other hand, the Frozen Dessert market includes products that are non-dairy, such as plant-based ice creams, frozen yogurt, and popsicles. Both markets offer a variety of flavors and options for consumers looking for sweet frozen treats. The Ice Cream market caters to those seeking classic rich and creamy desserts, while the Frozen Dessert market provides options for those with dietary restrictions or preferences.
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The Ice Cream and Frozen Dessert Market Industry Research by Application is segmented into:
• Catering Industry
• Entertainment Venue
• Shop
• Household
• Other
The Ice Cream and Frozen Dessert Market has wide applications in various sectors. In the Catering Industry, these treats are popular choices for events and parties. Entertainment Venues often offer ice cream and frozen desserts as concessions to patrons. Shops sell a variety of frozen treats to customers looking for a sweet treat. Many households purchase ice cream and frozen desserts for enjoyment at home. Other markets such as schools, hospitals, and workplaces also utilize these products for special occasions or daily offerings.
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In terms of Region, the Ice Cream and Frozen Dessert Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Ice Cream and Frozen Dessert market?
1. Rising demand for premium and artisanal ice cream flavors.
2. Growth of lactose-free, vegan, and gluten-free varieties.
3. Increasing popularity of unique and exotic flavor combinations.
4. Growing focus on health-conscious and low-calorie frozen dessert options.
5. Incorporation of functional ingredients like probiotics and superfoods.
6. Expansion of online sales channels for convenient delivery.
7. Innovations in packaging to enhance product appeal and sustainability.
8. Introduction of customizable and personalized ice cream experiences.
9. Emphasis on ethical sourcing of ingredients and sustainable production practices.
10. Adoption of technology for improved production efficiency and product quality.
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Major Market Players
Unilever is one of the leading players in the global ice cream and frozen dessert market. The company was founded in 1930 and has since grown to become a multinational consumer goods company, with a strong presence in the ice cream industry. Unilever's ice cream division includes well-known brands such as Ben & Jerry's, Magnum, and Wall's. The company has a strong focus on innovation and sustainability, with a commitment to using responsibly sourced ingredients and reducing its environmental footprint.
Another key player in the market is Nestle, a Swiss multinational food and beverage company founded in 1866. Nestle's ice cream division includes brands such as Dreyer's and Haagen-Dazs. The company has a long history of serving customers in over 180 countries, and a strong reputation for quality and taste.
In terms of market growth and size, the global ice cream and frozen dessert market is expected to continue expanding, driven by increasing consumer demand for indulgent and premium products. The market is also being influenced by changing consumer preferences, with a growing interest in healthier and dairy-free options.
According to recent reports, Unilever's ice cream and frozen dessert segment generated sales revenue of over $7.5 billion in 2020. Nestle's ice cream division also reported strong sales revenue, exceeding $6 billion in the same year. These figures highlight the significant market share and revenue potential of these key players in the ice cream industry.
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