The global frozen dessert market is slated to display a CAGR of 4.27% from 2019 to 2024 (forecast period). It can touch a significant valuation by catering to changing tastes of consumers as well as penchants for unique flavors. Furthermore, it can capitalize by being an alternative to ice creams. Innovations by dessert manufacturers in terms of taste, shelf life, flavors, and colors can bolster market demand successfully till the end of the forecast period.
The move by manufacturers by offering dairy-free desserts to consumers due to rise in lactose intolerance can bode well for the market. Further distinctions are being made by dividing them into different categories in order to reach a wider consumer demographic. The inclination towards health has led to manufacturers adhering to clean label policies for ensuring transparency. Furthermore, the inclusion of probiotics and prebiotics in these sweet offerings can spur the demand in the global frozen dessert market size till 2024.
Van’s International Foods, Inc., Fonterra Group, China Mengniu Dairy Company Limited, Kellogg Company, London Dairy Co. Ltd., Baskin Robbins LLC, Conagra Brands, Inc., Ferrero SpA, Danone S.A., Anand Milk Union Limited, Nestlé S.A., General Mills, Inc., Dairy Queen, Bassetts Ice Cream, Mother Dairy Fruit & Vegetable Pvt. Ltd., and others are noteworthy manufacturers in the global frozen dessert market.
Reinvention of existing flavors as well as collaborations with ingredient experts to introduce local flavors can augur favorably for the market in the coming years. For instance, Nekter Juice introduced four new flavors for its vegan customers and experienced high sales.
The global frozen dessert brands market is segmented by product type, category, and distribution channel.
By product type, it is segmented into yogurt, ice-cream, cakes, and others.
By category, it is segmented into sugar-free and conventional.
By distribution channel, it is segmented into store-based and non-store-based. The store-based segment consists specialty stores, supermarket & hypermarket, and others.
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North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW) are the regions discussed with respect to the market report.
North America is likely to dominate during the forecast timespan due to the large population and the high expendable income levels of consumers. Availability of the offerings in numerous flavors as well as inclusion of healthy ingredients to attract new demographics of consumers can lead to expansion of the global frozen dessert market forecast in the region. The U.S. continues to be the biggest revenue generator of the region with manufacturers offering vegan alternatives and healthy options in order to tackle the obesity rate in the country.
The APAC region is touted to exhibit a phenomenal CAGR over the forecast timespan due to the preference for frozen desserts and the increased purchasing power of consumers. High demand for family serving products enjoyed greater demand than single servings with manufacturers willing to introduce new flavors annually. Low-calorie desserts are likely to enjoy growth and sustain a steady demand till 2024.
The RoW region is likely to register a decent growth rate due to the demand for these products. It can generate revenue owing to the demand from countries of Argentina and Brazil.
Baskin Robbins launched dairy-free flavors for its vegan consumers who prefer to consume desserts which are derived from animal-free sources. Its two new flavors allow these customers to pursue their lifestyle without compromises.
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