High Consumption of Frozen Yogurt Among the Consumers is Expected to Propel the Growth of the Global Frozen Desserts Market at a CAGR of 5.82% during the Review Period

September 2022, Market Research Future has published a Cooked Research Report on the Global Frozen Desserts Market.

Frozen Desserts Market Highlights

Global Frozen Desserts Market is predicted to register a CAGR of 5.82% during the 2023 to 2030 forecast period. A market research report predicts a USD 178.74 billion valuation of the market by 2030. The growth is anticipated to be supported by favorable government policies. Based on the report, the growing application areas will drive growth in the market in the coming years till 2030. However, a weak supply chain will negatively affect the frozen desserts market’s growth. The low demand from developing countries is anticipated to be another factor which could turn out to be a threat to companies during 2023 to 2030. The market report based on primary and secondary data reveals that distribution channel, product type, and category segments will witness a healthy growth till 2030. While the growing demand for innovative products will support the market during the forecast period and favorable policies across regional markets will also help the market globally, the growth could be affected by the lack of awareness which could hinder business activities. The availability of substitutes is also expected to be responsible for stalled market growth till 2030.

Market Segmentation

The frozen desserts market is categorized into smaller segments such as distribution channel, product type, and category in order to analyze the market. The distribution channel, product type, and category segments are then categorized further. The category segment is categorized into conventional and sugar-free. Analysts have studied these sub segments. Based on product type, the global market is further segmented into cakes, ice cream, yogurts, and others. Based on the study of these segments, analysts have shared market forecasts. On the basis of the distribution channel, the market is segmented into smaller segments including store-based (supermarkets & hypermarkets, convenience stores and others) non-store based.

The presence of untapped market opportunities will drive growth in the market during the forecast period 2022 to 2030. Across all the segments including distribution channel, product type, and category, the global market for frozen desserts will witness a healthy growth. However, factors such as growing concerns regarding the cost could become a threat to the market’s growth. Economic activities surrounding the frozen desserts sector will also get benefitted from favorable policies across regional markets. Businesses across frozen desserts have been thoroughly studied and analysed by frozen desserts industry’s expert researchers. Findings have been published in the frozen desserts market research report with forecasts till 2030.

Regional Overview

The frozen desserts market, apart from the product and service related segments, is spread across the world. The regional markets of frozen desserts covered in the report are North America, Europe, Asia-Pacific, the Middle East and Africa as well as the rest of the world. The introduction of new products is set to be a key growth factor for businesses active in the frozen desserts space. The market across North America is segmented into the United States, Mexico, Canada, and others. Regional markets in the frozen desserts sector across the European market are segmented into Germany, Italy, the United Kingdom, and France. The market in the APAC region is segmented into India, China, Japan, and others. frozen desserts based businesses across the world will be supported by the increasing awareness among consumers during the forecast period 2023 to 2030. However, the growth could be hindered by the unorganized retail sector. The market is also segmented into the Middle East and Africa regions among others.

Competitive Landscape

Frozen desserts based companies have been studied and profiled in the market research report. The frozen desserts market along with its segments and key players has been studied. Frozen desserts business analysis is done to identify competitors and their strategies. The global frozen desserts market research report covers core values, strengths and other key factors about frozen desserts related companies. competitors to help comprehend their mission, vision, core values, niche market, strengths, and weaknesses. The increasing disposable income is set to help the market during the forecast period 2023 to 2030. The market is anticipated to reach a higher valuation of USD 178.74 billion with a CAGR of 5.82%. However, the increasing demand for product substitutes will prove to be affecting the frozen desserts market growth. In 2022, Asia-Pacific had the highest market share, accounting for 35.24 percent of the overall frozen desserts market. In 2023, the traditional segment held the majority of the market share, and it is projected to grow at a significant CAGR to hit USD 88.82 billion by 2030.

Industry News

Coconut Bliss, a healthy, plant-based frozen dessert maker, has been purchased by HumanCo, a holding firm focusing on healthy living and sustainability. The financial details were kept under wraps. Coconut Bliss, headquartered in Eugene, Ore., manufactures USDA certified natural, Non-GMO Campaign checked, certified healthy, and gluten-free plant-based frozen dessert bars, as well as snacks. Coconut Bliss intends to use its relationship with HumanCo to drive product growth, broaden distribution, and maximise campaign spending.