Global Frozen Dessert Market Size to Worth USD 204.12 Billion by 2033: Market Insight Report

Global Frozen Dessert Market Size to Worth USD 204.12 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Frozen Dessert Market Size is Expected to Grow from USD 122.58 Billion in 2023 to USD 204.12 Billion by 2033, Growing at a CAGR of 5.23% during the forecast period 2023-2033.

Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Frozen Dessert Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Cakes, Ice Cream, Yogurts, and Others), By Category (Sugar-Free and Conventional), By Distribution Channel (Supermarkets & Hypermarkets, Cafe & Bakery Shops, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Frozen desserts are a popular alternative to traditional dairy sweets because they are made without milk fat and stored for later consumption. Making frozen desserts involves freezing liquids, semi-solids, and occasionally solids. Desserts, as they are known, are meant to be stored below the freezing point of water. Health-conscious consumers are increasingly looking for non-dairy, low-fat, and low-sugar options, and producers are responding by coming up with innovative flavors and high-quality ingredients. Furthermore, improvements in freezing and production technology improve the quality of the final product, while packaging and sourcing methods are being influenced by sustainability considerations. Additionally, the industry is growing due to the convenience of frozen desserts as stand-alone treats or in a variety of desserts and drinks. Additionally, a major factor propelling the market has been the shift in consumer tastes toward quick and easy eating options. However, the market's rate of growth will be slowed by growing worries over the product's excessive fat and sugar content.

The ice cream segment is expected to hold the largest market share of the global frozen dessert market through the forecast period.                     

Based on the product type, the frozen dessert market is categorized into cakes, ice cream, yogurts, and others. Among these, the ice cream segment is expected to hold the largest market share of the global frozen dessert market through the forecast period. Global demand for frozen desserts has been fueled by shifting customer preferences and health consciousness. This tendency boosted ice cream, which was a popular choice. Ice cream is frequently eaten after meals as a useful digestive aid. Due to their health benefits, organic and sugar-free ice creams have become very popular.   

The conventional segment is predicted to hold a significant market share in the global frozen dessert market over the projected timeframe.                 

Based on the category, the frozen dessert market is classified into sugar-free and conventional. Among these, the conventional segment is predicted to hold a significant market share in the global frozen dessert market over the projected timeframe. Rising millennial demand for convenience food products and new product launches with a variety of tastes to draw consumers will drive the segment's demand throughout the projected period. It is expected that these factors will positively affect market growth.                                                                                                                           

The supermarkets & hypermarkets segment is anticipated to hold the highest market share of the global frozen dessert market through the projected period.

Based on the distribution channel, the frozen dessert market is classified into supermarkets & hypermarkets, cafe & bakery shops, and others. Among these, the supermarkets & hypermarkets segment is anticipated to hold the highest market share of the global frozen dessert market through the projected period. These markets are convenient locations for purchasing groceries all at once. They are perfect for selling frozen desserts due to their wide reach and ease of accessibility. A wide range of frozen desserts, such as ice creams, frozen yogurt, and other delicacies, are readily available to consumers on their regular shopping expeditions. A wide variety of frozen dessert brands, flavors, and package sizes are available at these sizable retail locations.

North America is expected to hold the largest share of the frozen dessert market through the forecast period.

North America is expected to hold the largest share of the frozen dessert market through the forecast period. The market growth is attributed to the increased accessibility of diverse frozen dessert brands, the simplicity of product label reading, and the ease with which customers can compare various items. Owing to their popularity and variety of flavors, ice creams in particular became the most popular product category. Additionally, sales through off-trade channels have increased due to the growth of contemporary supermarket retailing and online merchants.

Asia Pacific is predicted to grow at the fastest CAGR of the frozen dessert market over the forecast period. The increasing urban population, shifting lifestyles, increased discretionary wealth, and shifting weather patterns are all responsible for this expansion. The market experienced an explosion of creative frozen dessert options from both domestic and foreign businesses, featuring novel flavors and attractive displays. Customers also looked for products that fit their nutritional objectives as health consciousness increased. The industry grew as protein-enriched treats became more and more popular among fitness fanatics.

Company Profiling

Major key players in the frozen dessert market include Nestlé, Unilever, Bassetts Ice Cream, Blue Bell Creameries, General Mills Inc., Dippin’ Dots LLC., Kellanova, HANDEL'S HOMEMADE ICE CREAM, Froneri International Limited, China Mengniu Dairy Company Limited, and others.

Recent Developments

• In March 2024, A&W Root Beer Float Ice Cream is a new flavor introduced by the well-known ice cream company Blue Bell. This product combines delicious vanilla ice cream with sherbet flavored with A&W Root Beer. Currently available in 23 states, the ice cream comes in half-gallon and pint sizes for consumers to purchase. Sincerely want to taste this flavor outside of the 23-state area, Blue Bell ships all over the country.

•  In March 2024, Unilever declared that it would sell off its ice cream division in order to accelerate its Growth Action Plan (GAP). According to the board's reasoning, the ice cream industry offered the best setting for utilizing its go-to-market, marketing, and innovation skills.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the frozen dessert market based on the below-mentioned segments:

Global Frozen Dessert Market, By Product Type  

• Cakes
• Ice Cream
• Yogurts
• Others

Global Frozen Dessert Market, By Category

• Sugar-Free
• Conventional

Global Frozen Dessert Market, By Distribution Channel

• Supermarkets & Hypermarkets
• Cafe & Bakery Shops
• Others

Global Frozen Dessert Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa