Frozen Desserts Market by Product, Distribution Channel

List of Tables

[192 Pages Report] The Frozen Desserts Market size was estimated at USD 86.16 billion in 2023 and expected to reach USD 91.56 billion in 2024, at a CAGR 6.68% to reach USD 135.55 billion by 2030.

Frozen desserts refer to a broad category of sweet treats that are served and consumed in a frozen state. These desserts include a wide range of products, such as ice creams, frozen yogurts, sorbets, gelatos, and ice pops, among others. Each of these types has distinct characteristics in terms of ingredients, texture, and flavor. Ice cream, perhaps the most well-known among frozen desserts, is a creamy concoction made primarily from dairy products such as milk and cream, often combined with fruits, nuts, chocolate, and various flavorings. Increasing purchasing power of consumers, change in lifestyle and food habits, and demand for gluten-free clean-label products due to their health benefits and different allergies. In addition, novel flavors, ingredients, and health-oriented products such as low-sugar, vegan, and organic options significantly drive market interest and growth. However, the complexities and high costs involved in the storage and transportation of frozen desserts pose significant challenges for market players. Moreover, consumer concerns about artificial additives and preservatives in frozen desserts can limit market growth. Furthermore, improvements in cold chain logistics and preservation technology have made it easier to maintain product integrity, extending reach to new markets. Developing eco-friendly packaging that extends the shelf life of products can address environmental concerns and reduce waste.

KEY MARKET STATISTICS
Base Year [2023]	USD 86.16 billion
Estimated Year [2024]	USD 91.56 billion
Forecast Year [2030]	USD 135.55 billion
CAGR (%)	6.68%

Product: Surge in popularity of frozen yogurt due to its additional probiotic benefits

Consumers often seek cakes and pastries for celebrations and as a treat. The demand for frozen options in this category is driven by convenience and the desire for premium, ready-to-eat options. The confectionery & candies segment caters to the impulse buying of consumers seeking quick, sweet snacks. Frozen versions add a unique texture and experience to traditional candies. Custards & pudding products are sought after for their creamy texture and comforting taste. Frozen custards and puddings offer a longer shelf life and convenience over their fresh counterparts. Doughnuts & pies are ideal for those seeking comfort food and a dessert option for gatherings; frozen doughnuts and pies offer ease of preparation and consistency in taste. Frozen yogurt health-conscious consumers often turn to frozen yogurt as a lower-fat alternative to ice cream, and its probiotic benefits add to its appeal. Ice cream is a universally beloved dessert with many flavors and textures to satisfy diverse tastes. Premium and artisanal ice creams have seen a surge in popularity. Sorbet & sherbet are preferred by consumers looking for dairy-free or fruit-based frozen dessert options. They are lighter and considered a more refreshing option compared to cream-based desserts.

Distribution Channel: Growing significance of offline distribution channel due to accessibility the quality of frozen desserts

The offline distribution channel encompasses physical retail locations such as supermarkets, hypermarkets, convenience stores, and specialty stores. Consumers often prefer to purchase frozen desserts spontaneously, particularly in physical stores where the product can be immediately obtained. Consumers appreciate the opportunity to assess the quality of frozen desserts through visual inspection or even taste tests available in some specialty stores. The online distribution channel has seen a remarkable growth trajectory, further accelerated by the COVID-19 pandemic. This channel includes e-commerce websites, brand-specific websites, and grocery delivery services. The primary allure is the convenience of shopping from anywhere and having products delivered to one's doorstep, a significant advantage for bulk purchases and for those with mobility issues. Online platforms often offer a more comprehensive range of products than in physical stores, including exclusive online-only flavors and brands.

Regional Insights

The American region, which encompasses the United States and Canada, is the largest market for frozen desserts, with a perennial demand for both traditional flavors and innovative offerings. American consumers exhibit a strong preference for premium, artisanal, and healthier options, including low-fat and dairy-free alternatives. Ongoing investments in this sector have focused on plant-based and clean-label products, responding to the growing demand for sustainability and nutrition. The European Union shows a strong demand for frozen desserts that align with clean eating habits. There's a notable preference for products with geographical indications, reflecting the origin and authenticity. Ongoing research & development in the EU have focused on improving shelf life and texture, enhancing the sensory experience of frozen desserts. The market in the Middle East is characterized by a preference for rich, indulgent flavors, with a significant cultural inclination towards dairy-based desserts. However, there's a rising health awareness leading to a demand for low-calorie and sugar-free options. The African market for frozen desserts is at a nascent stage but shows potential for growth, especially in urban areas. The challenge of cold chain logistics is being addressed through investments in infrastructure and technology. In APAC, the frozen dessert market is rapidly expanding, driven by the rising middle class and their increasing disposable income. There's a growing interest in Western-style desserts, alongside a continued preference for traditional local flavors. Ongoing initiatives include the incorporation of local ingredients such as green tea and red beans into Western-type frozen desserts.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Frozen Desserts Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Frozen Desserts Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Frozen Desserts Market, highlighting leading vendors and their innovative profiles. These include Am. D.Q. Corp., Archer-Daniels-Midland Company, Arla Foods Group, Barentz International B.V., Blue Bell Creameries, Bulla Dairy Foods, Conagra Brands, Inc., Dairy Farmers of America Inc., Daiya Foods Inc. by Otsuka Pharmaceutical Co., Ltd., Danone S.A., Ferrero International S.A., Fonterra Co-operative Group Limited, Froneri International Limited, General Mills, Inc., Inspire Brands LLC, Kellanova, Meiji Holdings Company, Ltd., Mondelez International, Inc., MTY Food Group Inc., Nestle S.A., The Hain Celestial Group, Inc., Tofutti Brands Inc., Tyson Foods, Inc., Unilever PLC, and Yili Group.

Market Segmentation & Coverage

This research report categorizes the Frozen Desserts Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Cakes & Pastries
- Confectionery & Candies
- Custards & Pudding
- Doughnuts & Pies
- Frozen Yogurt
- Ice Creams
- Sorbet & Sherbet

Distribution Channel
- Offline
- Online

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Frozen Desserts Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Frozen Desserts Market?

3. What are the technology trends and regulatory frameworks in the Frozen Desserts Market?

4. What is the market share of the leading vendors in the Frozen Desserts Market?

5. Which modes and strategic moves are suitable for entering the Frozen Desserts Market?

Product Code: MRR-6B0EA0797467

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing purchasing power of consumers, change in lifestyle, and food habits
  - 5.1.1.2. Upsurge in demand for low-sugar and low-calorie desserts
  - 5.1.1.3. Ongoing increasing demand for ready-to-eat frozen desserts coupled with expanding E-commerce sector
- 5.1.2. Restraints
  - 5.1.2.1. Rising consumer awareness about artificial sweeteners used in frozen desserts
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in the cold chain offering operational excellence in the bakery industry
  - 5.1.3.2. Ongoing advancements in sustainable packaging
- 5.1.4. Challenges
  - 5.1.4.1. Limited cold chain infrastructure in developing economies
5.2. Market Segmentation Analysis
- 5.2.1. Product: Surge in popularity of frozen yogurt due to its additional probiotic benefits
- 5.2.2. Distribution Channel: Growing significance of offline distribution channel due to accessibility the quality of frozen desserts
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Frozen Desserts Market, by Product

6.1. Introduction
6.2. Cakes & Pastries
6.3. Confectionery & Candies
6.4. Custards & Pudding
6.5. Doughnuts & Pies
6.6. Frozen Yogurt
6.7. Ice Creams
6.8. Sorbet & Sherbet

7. Frozen Desserts Market, by Distribution Channel

7.1. Introduction
7.2. Offline
7.3. Online

8. Americas Frozen Desserts Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Frozen Desserts Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Frozen Desserts Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Breyers Partners With Perfect Day for Eco-Friendly Lactose-Free Chocolate Ice Cream
- 11.3.2. Oatly and Carvel Unite to Introduce Dairy-Free Frozen Desserts Nationwide
- 11.3.3. Kulfilicious Expands in Bangalore, Celebrates New Jayanagar Outlet with Star-Studded Inauguration and Exotic Flavors
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio