Press release
Global Frozen Desserts Market to Reach USD 136.13 Billion by 2030
The global frozen desserts market, valued at USD 96.19 billion in 2024, is anticipated to reach USD 136.13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5% during the forecast period. This growth is driven by increasing consumer demand for convenient and indulgent food options, the introduction of innovative flavors, and the rising popularity of low-fat and non-dairy alternatives.
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► Competitive Landscape
Leading companies in the frozen desserts market include Archer Daniels Midland Company, Arla Foods amba, and Conagra Brands Inc. These industry leaders are actively engaging in product innovations, strategic partnerships, and mergers and acquisitions to strengthen their market positions
► Regional Demand
The Asia-Pacific region is experiencing significant growth in the frozen desserts market, driven by changing dietary habits, rapid urbanization, and increasing disposable incomes. China, in particular, holds the largest market share within the region, attributed to the rising demand for low-fat frozen yogurt and healthy food options.
► Country-Specific Insights
Vietnam: Opportunities in the Frozen Dessert Market
Vietnam's growing middle class and increasing consumer spending on indulgent food products present significant opportunities for the expansion of the frozen desserts market.
Thailand: Growth in Ice Cream Consumption
Thailand is witnessing a surge in ice cream consumption, driven by the introduction of innovative flavors and the influence of Western dessert trends.
Japan: Trends in Health-Conscious Frozen Desserts
Japanese consumers are increasingly seeking health-conscious frozen dessert options, leading to a rise in demand for low-fat and non-dairy products.
South Korea: Consolidation in the Frozen Dessert Industry
South Korea's frozen dessert industry is experiencing consolidation, with companies engaging in mergers and acquisitions to enhance their product portfolios and market reach.
Singapore: Updation of Dessert Offerings
Singapore's diverse culinary scene is witnessing an updation of dessert offerings, with an emphasis on premium and artisanal frozen desserts to cater to sophisticated consumer preferences.
United States: Opportunities in Non-Dairy Frozen Desserts
The U.S. market is experiencing increased demand for non-dairy frozen desserts, driven by the growing vegan population and lactose-intolerant consumers seeking plant-based alternatives.
China: Growth in Premium Frozen Desserts
China's market is seeing a rise in premium frozen desserts, with consumers willing to pay a premium for high-quality ingredients and unique flavors.
Europe: Trends in Sustainable Packaging
European consumers are increasingly favoring frozen desserts with sustainable packaging, prompting manufacturers to adopt eco-friendly materials and practices.
► Mergers and Acquisitions
In 2023, Lotte Confectionery merged with Lotte Foods to form Lotte Wellfood, aiming to unify and strengthen their food business, including the frozen desserts segment.
► Key Recent Developments
In March 2022, Vadilal Enterprises unveiled new flavors for its Gourmet Natural ice cream line and launched a creative advertising campaign featuring the iconic Gulab Jamun Uncle, now recognized as Vadilal Ice Cream Uncle.
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► Global Frozen Desserts Market Segmentation
by Product
Confectionary & Candies
Ice Cream
Frozen Yogurt
Others
by Category
Conventional
Sugar-Free
by Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Café & Bakery Shops
Online
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► Global Frozen Desserts Market Key Players
1. Wells enterprise
2. Amul
3. Baskin Robbins LLC
4. ConAgra Foods
5. Danane
6. Ferrero Spa
7. General mills inc
8. London Dairy Co. ltd
9. Mother Dairy
10. Nestle SA
11. Unilever group
12. Cielo
13. Kraft foods group Inc.
14. Bulla Dairy foods
15. Dairy farmers of America
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-frozen-desserts-market/113298/
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