About Frozen Desserts
Frozen desserts are made from freezing liquids, semi-liquids or solids, and then by adding some flavored waters, additive colors, custard, milk, and others that help in enhancing the color and taste of frozen desserts. Increasing popularity towards ice creams in frozen desserts are driving the market in exponential growth. Some companies in the United States are spending wisely in improving the shelf life and storage facilities of frozen desserts or products, which in turn, will influence the growth of frozen desserts market over the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The frozen desserts market is a highly fragmented market and comprises of regional and international competitors. The market is dominated by players, like Unilever, Nestle, General Mills, and Yili Industrial Group Limited. The leading players in the frozen snacks market enjoy a dominant presence worldwide. These players focus to leverage opportunities posed by emerging markets to expand their product portfolio, so that they can cater to the requirements for various product segments, especially ice cream. Companies compete on different factors, including product offerings, quality, taste, flavors, price, functionality, size, packaging, and marketing activities, in order to gain a competitive advantage in the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Desserts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Mills Inc (United States), Conagra Brands, Inc. (United States), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (the Netherlands), Kellogg Company (United States), McCain Foods Limited (Canada), Kraft Heinz Company (United States), Associated British Foods plc (United Kingdom) and Ajinomoto (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Vandemoortele NV (Belgium), Lantmannen Unibake International (Denmark)., Amul (India), Baskin Robbins LLC (United States) and London Dairy Co. Ltd. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Frozen Desserts market by Type (Artisanal Ice Cream, Dairy-based Ice Cream, Water-based Ice Cream, Frozen Yogurt, Frozen Cakes and Others), Application (Hypermarkets and Supermarkets, On-Trade, Independent Retailers and Other) and Region.
On the basis of geography, the market of Frozen Desserts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fat Containing Type, the sub-segment i.e. Regular Frozen Dessert will boost the Frozen Desserts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of New Flavors in Frozen Desserts, Adoption of Lactose-Free Frozen Ice Cream and Providing Consumers Customized Ice Cream and Frozen Desserts.
Market Growth Drivers:
Huge Demand for Frozen Desserts Products Among Consumers Globally and Increasing One-Use Incomes and The Leaning of Teenagers Towards Frozen Desserts
Challenges:
Requires Constant Temperature Monitoring
Restraints:
Increasing Health Concern Among Consumers and Stringent Government Rules Related to the Ingredients in the Frozen Food
Opportunities:
Rising Popularity for Low-Fat Frozen Desserts Globally and Increasing Preference Toward Ice-cream Parlors in the Developing Regions
Market Leaders and their expansionary development strategies
In Janaury 2024, Oatly Group AB announces a national partnership with Carvel, offering non-dairy frozen desserts at nearly 300 Carvel shoppes across 18 states in the U.S. The partnership introduces Oatly's oatmilk-based menu items to Carvel's classic ice cream shoppe, providing guests with a dairy-free alternative
In May 2023, Häagen-Dazs has unveiled a collection of new plant-based frozen desserts launching into the Canadian market.The new vegan collection features three flavours, Chocolate Peanut Butter, a rich chocolate frozen desserta frozen caramel dessert with fudge chips and almond-based caramel ripple.
FDA developed the Food Protection Plan to address the changes in food sources, production, and consumption. The plan presents a robust strategy to protect the nation's food supply from both unintentional contamination and deliberate attack., and In the United States, ice cream must contain at least 10 percent fat and 20 percent total milk solids. In freezing, the volume may be doubled by the inclusion of air (known as overrun), but the increase in volume is limited to 100 percent by the requirement that the finished product weighs at least 4.5 pounds per gallon. Total food solids must weigh 1.6 pounds per gallon, thus limiting the water content. Regulations also require all ingredients to be listed, with some additives (such as stabilizers) limited to very small amounts.
Key Target Audience
Frozen Desserts Manufacturers, Frozen Desserts distributors, Frozen Desserts retailers, End-Users, Government and Research Organizations, Associations and Industrial Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.