NEWARK, Del, March 20, 2024 (GLOBE NEWSWIRE) -- Ice cream and frozen desserts have been consumed in our society from the beginning of time. Even during the pandemic, this consumption didn’t plunge, instead, it underwent a rapid surge. The market which is valued at US$ 1,38,300 million, as of 2024, has a promising future ahead, thanks to the emergence of artisanal ice cream and DIY parlors in developing and developed economies.
With the growing health-consciousness among the general population, people are increasingly opting for probiotic yogurts and zero-calorie frozen desserts. This is very likely to push the market size to a staggering US$ 283900.2 million by 2034. Consumption has also seen a noticeable surge since people are using protein-rich yogurts as their pre and post-workout meals.
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The growing lactose-intolerant population hasn’t really affected the overall progress of this market as brands came up with non-dairy alternatives of people’s favorite flavors and textures. The market is still slated to grow at a healthy CAGR of 7.50% through 2034. Besides this, plant-based and gourmet ice cream options are gradually taking their place in the affluent population’s shopping list.
“The emergence of food delivery platforms has substantially affected the ice cream and frozen dessert market in a positive manner. Brands must leverage these platforms to reach a wider consumer base,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
Key Takeaways from the Market Study
- The ice cream segment dominates the global ice cream and frozen dessert market with a share of 87.30% in 2024.
- Based on distribution channels, the hypermarket/supermarkets lead the ice cream and frozen dessert market with a share of 56.90% in 2024.
- The ice cream and frozen dessert market in China is anticipated to grow at a CAGR of 3.50% through 2034.
- The ice cream and frozen dessert market in Germany is estimated to rise at a 7.00% CAGR through 2034.
- The ice cream and frozen dessert market in the United States has the potential to increase at 4.10% CAGR through 2034.
- The Japanese ice cream and frozen dessert market is predicted to rise by 4.70% CAGR through 2034.
- The ice cream and frozen dessert market in India is very likely to grow at a CAGR of 8.20% through 2034.
Competitive Landscape
- The market for ice creams and frozen desserts is highly competitive with both international and domestic brands vying for dominance.
- The emergence of local and artisanal ice cream parlors has diverted a substantial part of the consumer base.
- Some of the prominent companies in the market include Baskin-Robbins, Nestle SA, Unilever, Danone Groupe SA, Ben & Jerry's Homemade Holdings Inc., Cielo USA, Breyers Ice Cream, Casper’s Ice Cream, etc.
- These companies have a loyal consumer base due to their prolonged presence in the market.
- The sales of probiotic yogurts and low-calorie frozen desserts are likely to experience a surge due to increasing awareness of dietary habits.
- Brands are focusing on premium branding and aesthetic packaging to attract the millennial population.
Recent Developments:
- Oreo, in March 2024, released a new line of mint-flavored frozen treats with mint creme-flavored dairy desserts and Oreo cookie pieces.
- In February 2024, Katoomba Global Foods launched a premium Indian kulfi ice cream range with Australia-made kulfi and India's Parle G biscuits.
- Häagen-Dazs introduced oat-based, vegan-certified frozen desserts in Canada with creamy texture and indulgent flavors in May 2023.
- Snoop Dogg and Happi Co., in July 2023, launched Dr. Bombay Ice Cream, inspired by his NFT character, in 3,500 Walmart stores.
- Oatly and Carvel partnered to offer dairy-free options nationwide including strawberry soft serve, cookies and cream, and frozen dessert cakes in January 2024.
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Key Companies
- Baskin-Robbins
- Nestle SA
- Unilever
- Danone Groupe SA
- Ben & Jerry's Homemade Holdings Inc.
- Cielo USA
- Breyers Ice Cream
- Casper’s Ice Cream
- Graeter’s Ice Cream
- Kraft Foods Group Inc.
Key Coverage in the Potato Flake Industry Report
- Ice Cream and Frozen Dessert Industry
- Trends in the ice cream and frozen dessert market
- Emerging trends in gelato and sorbet
- Impact of artisan ice cream on the market
- Market value for ice cream and frozen desserts
- Frozen confections market
Key Segments Covered in the Ice Cream and Frozen Dessert Industry Analysis
By Type:
- Frozen Yogurt
- Frozen Cakes
- Ice Cream
- Others
By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
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Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Have a Look at Related Reports of Food and Beverage Domain:
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- The global A2 ice cream market share is estimated to reach a valuation of US$ 180.0 million in 2024. The market is expected to surge at a CAGR of 7.2%, reaching US$ 360.0 million by 2034.
- Global ice cream coating market demand is anticipated to be valued at US$ 3,486.1 million in 2023, forecast to grow at a CAGR of 3.3%to be valued at US$ 4,819.0 million from 2023 to 2033.
- The global frozen yogurt market outlook is expected to reach a market valuation of USD 2.1 Billion by the year 2022, accelerating with a CAGR of 3.7% by 2022 to 2032.
- The frozen fruits and vegetables market growth is predicted to reach US$ 4.31 billion in 2023 and record a CAGR of 6.7% over the forecast period.
- The global frozen food market Research is projected to increase from US$ 365.2 billion in 2024 to US$ 638.6 billion in 2034. The market is projected to surge at a CAGR of 5.7% by 2034.
- The global frozen dough market trend is estimated to reach US$ 17,456.2 million in 2024. It is anticipated to register steady growth, with overall demand rising at a CAGR of 5.4% during the forecast period.
- The global frozen desserts market review is expected to reach a valuation of US$ 100.1 Billion by the end of 2022, growing at a CAGR of 5.8% from 2022 to 2032.
- The global frozen pizza market Keytrends size is expected to increase from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 20,196 million in 2023.
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