The global frozen dessert market size is expected to
reach USD 135.0 billion by 2025, expanding at a CAGR of 5.4%, according to a
new report by Grand View Research, Inc. Increasing demand for frozen dessert
products across the globe, rising disposable income, growing trend of consuming
frozen desserts after meal as an effective digestive product, and climate
change are the key factors for industry growth.
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These desserts are mainly made up of milk compounds,
vegetable fats, along with a mixture of flavors and dry fruits. Rising
awareness regarding health benefits of these products is also driving the
market. Climate change is another factor likely to create high demand for
desserts such as ice cream and yogurt on a global scale. It is estimated that
the demand for ice-creams alone can easily go up to 50% in hot day and drop 20%
if the weather is bad. Customers believe that they eat ice creams just to cool
down their body temperature in hot climate, thereby fueling the growth of the
market.
North America was the largest regional market in the
year 2018 owing to growing demand for ice creams in the region. In 2018, U.S.
was the largest market that accounted for 91.6% share in the North America
market. Changing lifestyle, along with increasing health consciousness, is
fueling the growth of this market. Frozen yogurt is the most popular product
under this segment, having more than 400 brands that offer numerous flavors to
consumers.
Considering this, the United States Department of
Agriculture (USDA) initiated several projects to promote the consumption of
yogurt and related products across the region. Low-fat yogurt is a great source
of calcium and is increasingly promoted by the organization for health and
nutrition. Asia Pacific is expected to emerge as the fastest growing regional
market in the forecast period. Growing urban population, changing lifestyle,
rising disposable income, and changing weather conditions are some of the major
factors driving the market in this region.
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Further
key findings from the study suggest:
• By product, frozen yogurt is projected to expand
at a CAGR of 6.8% over the forecast period
• Based on distribution channel, the
supermarket/hypermarket segment held a revenue share of 43.1% in 2018
• U.S., Italy, Germany, Japan, India, Brazil, and
South Africa for frozen desserts market are the major countries which holds the
largest share in their respective regions.
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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