The global market size of frozen dessert products is around USD 25.7 billion, currently, which is expected to reach USD 28.65 billion by 2021, at a CAGR of 2.2%. Frozen desserts include products like ice-creams and frozen yogurt, which are mainly dairy and milk-based products. Among all frozen desserts, ice cream is the most preferred, globally. A large number of frozen desserts are available in the market, with most being region-specific products. A large number of flavors, variety, form, shape, color, package, and regional consumer preferences are the main marketing factors for frozen desserts.
The global frozen desserts market is mainly driven by increasing disposable incomes, the inclination of teenagers towards frozen desserts, and growing habits of outside dinning. Even though the dried frozen dessert market is increasing at a significant rate, there are a few factors that are restricting the market, which include increasing heath concerns among consumers, leading to low consumption of fat and chilled products. Frozen desserts have a good opportunity in the snacks market, given the rising popularity of low-fat frozen desserts, and the introduction of innovative products in a variety of flavors and regional tastes into the market.
The frozen desserts market can be broadly segmented into four segments - product type, fat content, consumption points and geography. Regarding product type, frozen desserts market can be classified into sherbet, frozen yogurt, frozen ice cream, frozen tofu, frozen cakes, mousse, frozen novelties, and others. Among all product types, frozen ice cream has the highest demand, followed by yogurt, and sherbet products. Regarding fat content, the market is segmented into regular frozen desserts, and low-fat desserts; wherein, the regular fat containing frozen desserts have the largest share of frozen desserts. By consumption points, frozen desserts can be segmented into home, hotel & restaurants, dessert parlors, etc. Geographically, the frozen desserts market is segmented into North America, South America, Europe, Asia-Pacific, and Africa.
The global frozen desserts market is dominated by North America and the European region, which have the largest market share, currently. The North American and European markets are almost saturated and are currently growing at a steady pace. On the other hand, Asia-Pacific is the fastest growing market, with China, India, and Japan leading in the region. Huge population, large young generation, increasing disposable incomes, and change in dining habits are the major factors that support the frozen desserts market in this region. Other regions, such as Africa and South America, are smaller markets for these desserts. However, the consumption of such desserts is growing at a good pace in developing countries of South America.
Most of the developed countries such as North America and Europe are filled with numerous small and big frozen desserts manufactures, which has resulted in intense competition within the global frozen desserts market. The local and regional frozen desserts are the most preferred taste type; hence local brands are competing hard with multinational firms. Nestle, Unilever, and Well Enterprise are the top global players in the frozen desserts market. The small and medium players are dealing in niche markets with private labels, which constitutes a large chunk of the business. Market entry for new players is moderately difficult, due to alternatives available in the market. New product launches, innovative flavors, low-fat frozen desserts, and mergers & acquisitions with local players, have been strong business strategies for market growth.
The major players of this markets are -
Market analysis for the global frozen dessert market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors at both global and regional level
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings
4. Market Dynamics
4.1.1 Increasing Disposable Income
4.1.2 Growing Habits of Out of Home Dinning
4.2.1 Increasing Health Concern Among Consumers
4.3.1 Rising Popularity for Low-Fat Frozen Desserts
4.3.2 Innovative Products with Large Number of Flavors and Regional Taste
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.2 Frozen Yoghurt
5.1.3 Frozen Ice Cream
5.1.4 Frozen Tofu
5.1.5 Frozen Cakes
5.1.7 Frozen Novelties
5.2 By Fat Containing Type
5.2.1 Regular Frozen Dessert
5.2.2 Low Fat Frozen Dessert
5.3 By Consumption Points
5.3.1 Home Consumption
5.3.2 Hotel & Restaurants
5.3.3 Frozen Dessert Parlors
5.4 By Geography
5.4.1 North America
5.4.4 South America
22.214.171.124 South Africa
6. Competitive Landscape
7. Company Profiles
7.2 Baskin Robbins LLC
7.3 Ben and Jerry Homemade Holdings Inc.
7.4 Blue Bell Creameries
7.5 Britannia Industries Ltd
7.6 Bulla dairy foods
7.7 ConAgra Foods
7.9 Ezaki Glico Co., Ltd.
7.10 Ferrero SpA
7.11 Group Danone
7.12 General Mills Inc.
7.13 Herdez SA de CV
7.14 London Dairy Co Ltd
7.15 Mars Inc.
7.16 Meji Co Ltd
7.17 Mother Dairy Fruit & Vegetable Pvt. Ltd.
7.18 Nestle SA
7.21 RJ Corp
7.22 Unilever Group
7.23 Vadilal Industries Ltd.
7.24 Well Enterprises