Dessert Grocery Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | Nestlé S.A, Unilever PLC, General Mills Inc., Hershey Company, Kerry Group PLC

"The Business Research Company recently released a comprehensive report on the Global Dessert Grocery Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The dessert grocery market size has grown strongly in recent years. It will grow from $21.72 billion in 2023 to $23.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rising demand for frozen dessert products, increasing consumer preferences and health consciousness, increasing disposable income, growing demand for ice cream, and increasing incidence of spinal degeneration.

The dessert grocery market size is expected to see strong growth in the next few years. It will grow to $30.54 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the growing demand for convenient and indulgent dessert options among consumers, increasing popularity of plant-based ingredients, growing food service and hospitality industry, growing demand for smaller snack-sized portions, and expansion of the e-commerce sector. Major trends in the forecast period include introduction of diverse dessert products, development of new products with improved taste and texture, innovation in ready-to-eat desserts, development of dairy-free desserts, and rising interest in cultural and ethnic desserts.

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Market Drivers and Trends:

The growing food and beverages industry is expected to propel the growth of the dessert grocery market going forward. The food and beverages industry encompasses a vast array of businesses involved in producing, processing, distributing, and selling food and drinks to consumers. The growing food and beverages industry is due to affordable airfares, corporate travel, wellness and health trends, and sustainability efforts. A dessert grocery plays a crucial role within the food and beverages industry by satisfying consumer cravings for sweet treats, supplying essential ingredients to food manufacturers, and contributing to the overall diversity and innovation within the dessert market segment. Its ability to cater to specialized preferences and adapt to industry trends makes it a valuable component of the broader food retail landscape. For instance, in May 2021, according to the Australian Bureau of Statistics, an Australia-based government agency, sales of food and non-alcoholic drinks reached 15.1 million tons in 2021-2022, a significant increase from the 14.8 million metric tons sold in the fiscal year of 2020-21. Therefore, the growing food and beverages industry is driving the growth of the dessert grocery market.

Major companies operating in the dessert grocery market are focused on developing innovative products such as Triple Chip Mix Morsel Mix to cater to evolving consumer tastes, enhance convenience in baking, and offer unique flavor combinations that can differentiate their brands in a competitive market. Triple chip mix is a new cookie mix featuring three types of chips vanilla-flavored premier white morsels, semi-sweet chocolate morsels, and dark chocolate morsels, offering a delightful blend of flavors and textures in each bite. For instance, in May 2024, Nestlé Toll House, a US-based company launched Triple Chip Mix Morsel Mix. Triple chip mix brings together three beloved morsel flavors, creamy vanilla-infused premier white morsels, indulgent semi-sweet chocolate morsels, and decadent dark chocolate morsels in one convenient package. These are ideal for home baking enthusiasts, as they allow for effortless adaptation of recipes or creative new culinary ventures.

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Major Key Players of the Market:

Nestlé S.A, Archer-Daniels-Midland Company, Unilever PLC, General Mills Inc., Associated British Foods PLC, Koninklijke DSM N.V., Hershey Company, Kerry Group PLC, J.M. Smucker Company, McCormick & Company Inc., AGRANA Beteiligungs-AG, Dawn Food Products Inc., Ghirardelli Chocolate Company, King Arthur Baking Company Inc., Puratos Group, Guittard Chocolate Company, Nielsen-Massey Vanillas Inc., Dr August Oetker Nahrungsmittel KG, Ajanta Food Products Company, Berrifine A/S, Pinnacle Foods Co., Sorich Organics Pvt Ltd.

Dessert Grocery Market 2024 Key Insights:

• The dessert grocery market size is expected to see strong growth in the next few years. It will grow to $30.54 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
• Impact Of The Growing Food Service And Hospitality Industry On The Dessert Grocery Market
• Nestlé Toll House Introduces Triple Chip Mix A Fusion Of Flavor And Innovation In The Dessert Grocery Market
• North America was the largest region in the dessert grocery market in 2023

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