LOS ANGELES, June 18, 2019 (GLOBE NEWSWIRE) -- The global frozen dessert market is estimated to grow at CAGR above 5.8 % over the forecast time frame 2019 to 2026 and reach the market value around USD 120 billion by 2026.
It belongs to the frozen food industry to frozen dessert. Frozen dessert is mainly eaten after dinner or ready to eat and can be served between meals. Most of the frozen desserts are milk and cream, often mixed with flavors and fruits. The growth in the world's ice-cream and frozen dessert industry is anticipated to drive increased consumption disposable revenue combined with growing tendency of individuals towards sweet meals.
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Innovative flavors and packaging have proven essential for development throughout the entire region for different frozen products. In latest years a number of new products in the category of frozen desserts have been introduced. The Outshin Frozen Yogurt Bars were launched by Nestle, and in a very brief period of time, they have become very popular with kids. Consumers purchase these timbers more and more because they contain elevated levels of fructose maize syrup and have elevated levels of protein and calcium.
The change from traditional milk-based ice cream to premium brands provides international businesses with the opportunity to launch their products on the world frozen dessert market. Unilever is one of the leader in the ice cream and frozen dessert category in the Indian industry, offering consumer catering services to brands like Kwality Walls, Magnum and Cornetto at distinct ranges of prices. Ice cream is being sold to a greater extent in China, because customers consider the country's ice cream to be a snaked snack. Aromas including Darjeeling, yuzu, black pepper, matcha, maize, barbeque sauce, picked plum, goat's cheese and mocha ice cream have come onto the market creating the basis for creative aromas, especially in the format of smooth service.
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In terms of value followed by Europe, North America is anticipated to be the main contributor. However, it is anticipated that this region will be a mature market and that stable development will occur in the short term. A fresh variation in flavours, combined with low-fat products can contribute to the development of the market in frozen desserts in these regions. China is projected to dominate the ice-cream and frozen dessert consumption in Asia-Pacific developing countries, followed by India. Furthermore, in the forecast period Japan is anticipated to grow significantly. More flavored yogurt use is anticipated to promote the development of the frozen dessert markets across Asia Pacific during the forecast period, particularly in nations such as China and Japan.
Key Findings
The market is motivated by higher disposable incomes, fresh flavors, increased purchases of impulses and enormous global consumer demand for frozen desserts.
As the leading product category, Ice creams have appeared. Growth-influencing variables include flavours, fat content and texture.
Frozen ice cream without lactose has been one of the evolving trends in the ice cream industry for the coming years. Increasing food allergy and intolerance levels drive the market.
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Key Players & Strategies
General Mills, Nestle, Unilever, Van's Foods and Kellogg Company are among the leading players in this industry. Handles, China Mengniu Dairy, Bassetts Ice Cream, and Dairy Queen are also prominent players. High to mild entry obstacles are expected to reinforce high competition between significant producers as a consequence of different brands and fast product innovation.
Increased demand for organic goods because of health advantages such as low fat and low sugar levels is boosting competition amongst multiple business players. Innovativeness and the new product development are crucial for maintaining the consumer interest, because of a comparatively fragmented competitive landscape. As a consequence, at the end of the review era, several fresh products are continually being introduced by the main players. In the explosion of crafts manning ice creams in the industry, for example, US-based low-calorie Halo Top brands played a main part in affecting the market growth of giants like Unilever and General Mills.
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