Frozen Dessert Market Size Worth $ 229.50 Billion By 2032 | CAGR: 6.6%

The global Frozen Desserts market size is expected to reach USD 229.50 billion by 2032, according to a new study by Polaris Market Research. The report “Frozen Desserts Market Share, Size, Trends, Industry Analysis Report, By Product (Ice Cream, Frozen Yogurt, Confectionery & Candies, Others); By Distribution Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In recent years, the frozen bakery and desserts sector has experienced the launch of numerous innovative products, driven by consumers' heightened emphasis on health and wellness. This shift has led to the creation of inventive flavors and the formulation of low-fat, gluten-free options. The rising demand for desserts with reduced sugar and calorie content is expected to drive market expansion. Notably, innovations in products, flavors, and packaging have become crucial contributors to this growth. Ice creams and frozen yogurts are gaining favor among consumers due to their convenience and time-saving features. For instance, Noosa Yogurt, a Colorado-based whole milk yogurt brand under the Sovos Brands portfolio, unveiled Frozen Yogurt Gelato in June 2022, introducing new flavors such as Chocolate Fudge, Sea Salt Caramel, Strawberries & Cream, and Honey Vanilla Bean.

Non-dairy products such as ice creams, enriched with significant levels of lipids, albumin, vitamins, carbohydrates, and casein, present notable health benefits. The industry is witnessing a surge in demand propelled by the evolving preference for vegan lifestyles, driven by increased health consciousness and socialization trends, leading consumers toward low-fat alternatives. Countries with a higher per capita ice cream consumption, notably in the United States and Europe, are experiencing a rise in product demand. The increasing prevalence of lactose intolerance and other milk-related allergies is further fueling the demand for such products. Unilever's announcement in November 2022 regarding its plans to introduce cow-free dairy ice cream in 2023 underscores the industry's dedication to offering diverse product choices, incorporating ingredients like coconut, almond, and soy milk. The incorporation of innovative flavor profiles, particularly those featuring blended flavors, has played a pivotal role in robust product development. The ongoing increase in consumer spending on take-home and impulse products is expected to boost the demand for non-dairy ice cream.

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The overall growth of the frozen desserts market will be hindered by the adverse effects of COVID-19 on production and the supply chain. Additionally, challenges will arise from the presence of substitutes and the entry of new companies throughout the forecast period.

Frozen Desserts Market Report Highlights

• The Ice Cream segment dominated the market in 2022, experiencing widespread popularity among all age groups due to diverse attributes like flavors, shapes, fat contents, textures, and sweetness. Health-conscious consumers are showing a growing preference for sugar-free and handcrafted ice creams. While taste and nutritional value are key considerations, factors such as price, brand, and ambiance play a significant role in influencing consumer choices. Survey results reveal that 36% of Brazilians choose more affordable ice creams, indicating a preference for private label options.
• The Supermarket/Hypermarket segment commanded the largest market share in the forecast period, propelled by the ongoing increase in demand for desserts as an integral part of daily grocery shopping. This trend underscores the growing inclination towards incorporating desserts into everyday food consumption.
• In 2022, North America emerged as the leading market, driven by lifestyle shifts and an increased emphasis on health, fostering the market's growth. The most popular product in this segment is frozen yogurt, offering a diverse range of flavors and featuring over 400 brands. Recognizing the significance of yogurt consumption, the USDA has introduced various projects to promote its intake in the region. Organizations are actively advocating for low-fat yogurt due to its calcium-rich composition and associated health benefits.
• The global key market players include Archer Daniels Midland Company, Arla Foods amba, Conagra Brands Inc., Dairy Queen, Daiya Foods Inc., Danone SA, DD IP Holder LLC, Ferrero, General Mills Inc., Halo Top Creamery, Kellogg Company, London Dairy Co. Ltd, Nestlé S.A., The Hain Celestial Group, and Unilever.

Polaris Market Research has segmented the Frozen Desserts market report based on product, distribution channel, and region:

Frozen Desserts, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Ice Cream
• Frozen Yogurt
• Confectionery & Candies
• Others

Frozen Desserts, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Café & Bakery Shops
• Supermarket/Hypermarket
• Online
• Convenience Stores

Frozen Desserts, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Frozen Desserts Market Report Scope