Press release
Segmentation, Major Trends, and Competitive Overview of the Dessert Grocery Market
Dessert Grocery Market
Projected Size and Expansion of the Dessert Grocery Market by 2030
The dessert grocery market is anticipated to expand significantly, reaching a value of $34.34 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 6.8%. Several factors are driving this upward trend, including increasing consumer interest in organic dessert products, the growing reach of e-commerce grocery platforms, rising consumption of premium desserts, and the influence of social media in shaping baking trends. Additionally, personalization in dessert retail and enhanced in-store experiences are contributing to the market's robust outlook. Key trends expected to dominate include the rise of one-stop dessert ingredient shops, greater adoption of online retail platforms for desserts, expansion of premium and artisanal products, and a stronger emphasis on organic and clean-label ingredients.
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Top Companies Leading the Dessert Grocery Market
The dessert grocery market features several prominent players driving innovation and expansion. Notable companies in this space include 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., and Sorich Organics Pvt Ltd.
Strategic Moves in the Dessert Grocery Market
In a significant development in February 2024, Archer Daniels Midland (ADM), a US-based food corporation, acquired Fuerst Day Lawson Limited for $250 million. This acquisition reflects ADM's strategic intent to broaden its product portfolio by incorporating Fuerst Day Lawson's expertise in dessert groceries, including flavors and fillings, bakery pastes and glazes, fruit compotes and granolas, juices and blends, and functional energy and vitamin ingredients. Fuerst Day Lawson Limited, headquartered in the UK, is well recognized for manufacturing a diverse range of dessert grocery products.
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Innovative Trends Boosting Dessert Grocery Market Growth
Leading dessert grocery companies are innovating by developing products tailored to changing consumer tastes and convenience needs. For example, the introduction of Triple Chip Mix Morsel Mix is designed to offer unique flavor combinations that stand out in the competitive market. This cookie mix combines three varieties of morsels: vanilla-flavored premier white morsels, semi-sweet chocolate morsels, and dark chocolate morsels, delivering a rich blend of tastes and textures in every bite. In May 2024, Nestlé Toll House, a US-based brand, launched this product to appeal to home bakers seeking easy recipe adaptations or creative baking experiences.
Defining the Dessert Grocery Market Through Its Segmentation
This report categorizes the dessert grocery market into several key segments to provide a detailed understanding of its structure:
1) By Product Type: Bakery Ingredients, Dairy Ingredients, Fresh and Dried Fruits and Ingredients, Pulps and Purees, Sweeteners, Colors, and Flavors
2) By Source: Conventional and Organic Certified
3) By Distribution Channel: Offline and Online
4) By Application: Cakes, Pastries, and Puddings; Candies, Jellies, and Custards; Cookies and Biscuits; Cupcakes and Muffins; Dessert Drinks; Ice Cream, Mousse, and Fuze
5) By End-User: Commercial and Personal
Further breakdowns include:
- Bakery Ingredients: Flour, Sugar, Fats and Oils, Leavening Agents, Emulsifiers, Stabilizers and Thickeners, Bakery Improvers
- Dairy Ingredients: Milk Powder, Butter, Cream, Cheese, Whey Protein, Yogurt and Buttermilk, Milk Proteins
- Fresh and Dried Fruits and Ingredients: Fresh Fruits, Dried Fruits, Fruit Preserves and Jams, Fruit Concentrates
- Pulps and Purees: Fruit Purees, Vegetable Purees, Nut Purees, Smoothie Blends
- Sweeteners, Colors, and Flavors: Natural Sweeteners, Artificial Sweeteners, Sugar, Natural Food Colors, Artificial Food Colors, Natural Flavors, Artificial Flavors
This comprehensive segmentation helps provide clarity on the diverse offerings and consumer preferences shaping the dessert grocery market's future.
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