Press release
Emerging Trends Influencing The Growth Of The Dessert Grocery Market: Nestlé Toll House Introduces Triple Chip Mix A Fusion Of Flavor And Innovation In The Dessert Grocery Market
Dessert Grocery
How Big Is the Dessert Grocery Market Size Expected to Be by 2034?
The dessert grocery market has expanded strongly in recent years. It will grow from $23.19 billion in 2024 to $24.9 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. This growth can be attributed to rising demand for frozen dessert products, changing consumer preferences and health consciousness, higher disposable income, growing demand for ice cream, and increased incidence of spinal degeneration.
The dessert grocery market is forecasted to reach $32.67 billion by 2029 at a CAGR of 7.0%. Growth is attributed to the demand for convenient and indulgent desserts, the rise of plant-based ingredients, the growing food service industry, the demand for smaller portions, and the expansion of e-commerce. Trends in the forecast period include new product offerings, improved taste and texture, innovation in ready-to-eat desserts, dairy-free options, and growing interest in ethnic desserts.
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What Are the Emerging Segments Within the Dessert Grocery Market?
The dessert grocery market covered in this report is segmented -
1) By Product: Bakery Ingredients, Dairy Ingredients, Fresh And Dried Fruits And Ingredients, Pulps And Purees, Sweeteners Colors And Flavors
2) By Source: Conventional, Organic Certified
3) By Distribution Channel: Offline, Online
4) By Application: Cakes, Pastries, And Puddings, Candies, Jellies, And Custards, Cookies And Biscuits, Cupcakes And Muffins, Dessert Drinks, Ice Cream, Moose, And Fuze
5) By End-User: Commercial, Personal
Subsegments:
1) By Bakery Ingredients: Flour, Sugar, Fats And Oils, Leavening Agents, Emulsifiers, Stabilizers And Thickeners, Bakery Improvers
2) By Dairy Ingredients: Milk Powder, Butter, Cream, Cheese, Whey Protein, Yogurt And Buttermilk, Milk Proteins
3) By Fresh And Dried Fruits And Ingredients: Fresh Fruits, Dried Fruits, Fruit Preserves And Jams, Fruit Concentrates
4) By Pulps And Purees: Fruit Purees, Fruit Purees, Vegetable Purees, Nut Purees, Smoothie Blends
5) By Sweeteners, Colors, And Flavors: Natural Sweeteners, Artificial Sweeteners, Sugar, Natural Food Colors, Artificial Food Colors, Natural Flavors, Artificial Flavors
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What Long-Term Drivers Are Shaping Dessert Grocery Market Trends?
The expanding food and beverages industry is expected to fuel the growth of the dessert grocery market. The food and beverages industry is growing due to factors like affordability, corporate travel, wellness trends, and sustainability. Dessert groceries play a significant role in catering to consumer cravings for sweet treats and providing ingredients for food manufacturers. According to the Australian Bureau of Statistics, 14.8 million tonnes of food and beverages were sold in 2022-2023, driving the growth of the dessert grocery market.
Who Are the Top Competitors in Key Dessert Grocery Market Segments?
Major companies operating in the dessert grocery market are 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.
What Trends Are Expected to Dominate the Dessert Grocery Market in the Next 5 Years?
Companies in the dessert grocery market are introducing innovative products such as Triple Chip Mix Morsel Mix to cater to changing consumer preferences and enhance convenience in baking. For example, in May 2024, Nestlé Toll House launched the Triple Chip Mix Morsel Mix, which combines three types of chocolate chips, providing a unique flavor profile for home bakers looking to create delicious treats with ease.
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Which Regions Are Becoming Hubs for Dessert Grocery Market Innovation?
North America was the largest region in the dessert grocery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dessert grocery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dessert Grocery Market?
2. What is the CAGR expected in the Dessert Grocery Market?
3. What Are the Key Innovations Transforming the Dessert Grocery Industry?
4. Which Region Is Leading the Dessert Grocery Market?
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