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Frozen Desserts - Global Market Trajectory & Analytics

  • ID: 338667
  • Report
  • February 2022
  • Region: Global
  • 461 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 16 Handles
  • Bassetts Ice Cream
  • Bulla Dairy Foods
  • Dairy Queen
  • General Mills, Inc.
  • Kellogg Company

Global Frozen Desserts Market to Reach $111.2 Billion by 2026


Frozen dessert brands are paying heavy attention to new taste and flavor profiles for a delightful consumer experience. Ice creams and frozen desserts with new tastes and offered as limited-time offerings are moving fast and garnering attention from the millennial consumer. Irrespective of consumer demographic, flavor continues to remain at the forefront, superseding other aspects like ingredients, texture, sugar or fat content and protein. Ruby chocolate is anticipated to retain its popularity in the coming years. Shrinking chocolate cocoa crops are expected to increase the demand for carob, an alternative to chocolate. With guilt-free indulgence being a major trend, frozen dessert manufacturers are launching new products with simple and premium ingredients in single-serve and convenient formats. Amid the COVID-19 crisis, the global market for Frozen Desserts estimated at US$83.3 Billion in the year 2020, is projected to reach a revised size of US$111.2 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Ice Cream, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$67.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Confectionary & Candies segment is readjusted to a revised 4.6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $28.8 Billion in 2020, While China is Forecast to Reach $17.4 Billion by 2026


The Frozen Desserts market in the U.S. is estimated at US$28.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.4 Billion by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Sales in emerging markets are expected to gain traction in the coming years led by changing dietary habits and rapid urbanization. Products with desirable qualities including low fat, cholesterol, sugar and calorie content, are poised to register robust growth and support market expansion. Innovative positioning of products coupled with creative advertising and attractive packaging will open new revenue generation opportunities for market participants.

Frozen Yogurt Segment to Reach $10.8 Billion by 2026


In the global Frozen Yogurt segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.5 Billion in the year 2020 will reach a projected size of US$9.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$760.3 Million by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 1246 Featured) -

  • 16 Handles
  • Bassetts Ice Cream
  • Bulla Dairy Foods
  • China Mengniu Dairy Company Ltd.
  • Dairy Farmers of America Inc.
  • Dairy Queen
  • Fonterra Co-operative Group Ltd.
  • General Mills, Inc.
  • Kellogg Company
  • Meiji Holdings Company, Ltd.
  • Nestlé S.A.
  • Unilever plc
  • Yili Group
Frequently Asked Questions about the Global Market for Frozen Desserts

What is the estimated value of the Global Market for Frozen Desserts?

The Global Market for Frozen Desserts was estimated to be valued at $83.3 Billion in 2020.

What is the growth rate of the Global Market for Frozen Desserts?

The growth rate of the Global Market for Frozen Desserts is 4.9%, with an estimated value of $111.2 Billion by 2026.

What is the forecasted size of the Global Market for Frozen Desserts?

The Global Market for Frozen Desserts is estimated to be worth $111.2 Billion by 2026.

Who are the key companies in the Global Market for Frozen Desserts?

Key companies in the Global Market for Frozen Desserts include 16 Handles, Bassetts Ice Cream, Bulla Dairy Foods, China Mengniu Dairy Company Ltd., Dairy Farmers of America Inc., Dairy Queen, Fonterra Co, operative Group Ltd. and Kellogg Company.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 16 Handles
  • Bassetts Ice Cream
  • Bulla Dairy Foods
  • Dairy Queen
  • General Mills, Inc.
  • Kellogg Company

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • At-home Consumption Products Find Favor
  • Logistic Issues Impact Production
  • Lockdown Results in Stockpiling of Frozen Desserts Resulting in Temporary Spike in Product Sales
  • Frozen Desserts - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Frozen Desserts: A Prelude
  • Ice Cream
  • Segment Descriptions
  • Outlook
  • Indulgence Continues to Drive Ice cream Sales
  • COMPETITION
  • Market Share of Leading Ice cream Manufacturers: 2019

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Scoopful of Tasty, Flavorful Trends on Frozen Dessert Plate in Near Future
  • Intriguing Taste & Flavor Profiles
  • Premium and Cleaner Ingredients Find Favor Amid Guilt-free Indulgence
  • Clean Labeling Gains Momentum
  • Desserts in Portable and Convenient Formats to Gain More Customers
  • Emerging Areas Taking Frozen Dessert Consumers on an Enchanting Sojourn
  • Dairy-Free & Vegan Frozen Desserts: A Segment Gaining Unprecedented Interest
  • Manufacturers Roll Out Exciting Keto Creations
  • Customization to Emerge as a Popular Trend in Frozen Desserts Market
  • Global Ice cream Market: Laced with Distinct Trends
  • Premiumisation: The Key to Success
  • Freeze-Dried Berry Powders Helps to Stabilize Ice Cream
  • Plant based Ice Creams: A Novel Treat for Vegans
  • Health Consciousness Drives Demand for Organic Ice cream
  • Craft/Small Batches Attract Consumers
  • Snacking & Customization
  • Consumer Preferences for New Frozen Treat Options
  • Sensational Performance of Artisan Brands
  • Private Label Brands to Drive Growth for the Ice creams Market
  • Lactose Free Varieties Bolster Market Growth
  • Ice cream Manufacturers Create Better-For-You Products
  • Innovations Continue to Drive Growth
  • Ice cream Manufacturers Face Challenges to Replace Sugar
  • Protein-Loaded Ice Creams
  • Rising Popularity of Gelato
  • Growing Obese Population Drives Demand for Low-Calorie, Light Ice Creams
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • Megatrends Wielding Influence on the Market
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • The US Per Capita Consumption of Select Dairy Products: 2019
  • US Frozen Products Production in 000 Pounds: Aug-19, Jul-20, Aug-20
  • Competitive Landscape
  • Market Share of Leading Brands in the US Ice Cream Market: 2019
  • Sales of Leading Brands in the US Frozen Novelties Market: 12 Weeks ending Feb 2020
  • Frozen Yoghurt Enjoys Gains
  • Market Share of Leading Players in US Frozen Yoghurt Market: 2019

CANADA

  • Market Overview
  • Per Capita Consumption of Select Dairy Products in Canada in Litres

JAPAN

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Frozen Yoghurt Market

CHINA

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview

EUROPE

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Market Overview

ITALY

UNITED KINGDOM

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
  • Market Share of Leading Brands in the UK Premium Ice Cream Market: 2019
  • Frozen Yogurt Enjoys Strong Gains

SPAIN

RUSSIA

  • Market Overview

REST OF EUROPE

ASIA-PACIFIC

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Competition
  • Market Share of Leading Ice Cream Companies in India: 2019

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA

BRAZIL

  • Market Overview

MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Frozen Desserts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 1246
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 16 Handles
  • Bassetts Ice Cream
  • Bulla Dairy Foods
  • China Mengniu Dairy Company Ltd.
  • Dairy Farmers of America Inc.
  • Dairy Queen
  • Fonterra Co-operative Group Ltd.
  • General Mills, Inc.
  • Kellogg Company
  • Meiji Holdings Company, Ltd.
  • Nestlé S.A.
  • Unilever plc
  • Yili Group
Note: Product cover images may vary from those shown