Frozen Desserts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Frozen Dessert Market Analysis and it is segmented by Product Type (Ice Cream, Frozen Yogurt, and Other Products); Distribution Channel (Supermarkets and Hypermarkets, Specialist Retailers, Convenience Stores, and Other Distribution Channels); and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The market size and values in (USD Million) during the forecasted years for the above segments.

Frozen Desserts Market Size

Frozen Desserts Market Summary
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Study Period 2018 - 2029
Market Size (2024) USD 97.80 Billion
Market Size (2029) USD 119.85 Billion
CAGR (2024 - 2029) 4.15 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Frozen Desserts Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Frozen Desserts Market Analysis

The Frozen Desserts Market size is estimated at USD 97.80 billion in 2024, and is expected to reach USD 119.85 billion by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).

In recent years, numerous innovative products have been launched in the frozen bakery and desserts category. Consumers are paying more attention to their health and wellness. This has resulted in the emergence of innovative flavors and low-fat, gluten-free products. Increasing demand for low-sugar and low-calorie desserts is expected to drive market growth. Innovation in products, flavors, and packaging has proven to be a crucial growth factor. Ice creams and frozen yogurts are gaining popularity among consumers owing to the convenience of products and time-saving factors. For instance, In June 2022, Noosa Yogurt, a Colorado-based whole milk yogurt brand under the Sovos Brands portfolio, launched Frozen Yogurt Gelato. The products come in four new flavors, i.e., Strawberries & Cream, Chocolate Fudge, Sea Salt Caramel, and Honey Vanilla Bean.

Furthermore, the demand for gluten-free clean-label products is increasing due to their health benefits and different allergies. Gluten-free frozen desserts are widely accepted in the United States, Europe, and other developing countries. For instance, in June 2021, Dawn Foods expanded its gluten-free offerings with a range of frozen gluten-free sweet bakery products featuring injected muffins and chocolate brownies, all made using Dawn's gluten-free mixes and fillings. The new gluten-free frozen range includes a Double Chocolate Filled Muffin made with indulgent Belgian white and dark chocolate chunks. The market is being driven by rising disposable incomes, the introduction of new flavors, increasing impulse purchasing, and huge demand for frozen desserts among consumers globally. Ice creams emerged as the leading product category. The factors affecting the market's growth are flavors, fat content, sweetness, and texture.

Frozen Desserts Market Trends

This section covers the major market trends shaping the Frozen Desserts Market according to our research experts:

Demand for Low-fat and Non-dairy Products Increasing Consumption

Non-dairy products such as ice creams contain a high content of lipids, vitamins, albumin, carbohydrates, and casein, providing significant health benefits. Shifting trends toward vegan lifestyles owing to increasing health consciousness and socialization trends are propelling the industry and shifting consumers' preferences toward low-fat products. High per capita ice cream consumption has enhanced product demand, particularly in the United States and European countries. Rising incidences of lactose intolerance and other milk-related allergies are fostering product demand. In November 2022, Unilever posted that it plans to launch ice cream from cow-free dairy in 2023. Comprehensive product variations through materials, including coconut, almond, and soy milk, will positively influence the industry's growth. Innovative flavor offerings, mainly including blended flavors, have enhanced product development. Increasing consumer spending on take-home and impulse products will further boost the non-dairy ice cream demand.

Frozen Desserts Market: Per Capita Consumption of Low Fat Ice-Cream in Pounds, United States, 2018-2021

Asia-Pacific is the Fastest Growing Market

The growing demand for frozen desserts has led to significant growth in the total number of ice creams and frozen dessert retail shops in China. Frozen desserts are bound to achieve great success in the Chinese market, as the increasing demand for low-fat, healthy food encourages people to spend more on these products. A vast population, a prominent young generation, increasing disposable incomes, and changes in dining habits are the major factors that support the frozen desserts market in this region. In China, frozen desserts on sticks go viral due to their convenience. Considering the market demand, in July 2022, Zibo City, in East China's Shandong province, starteinnovativenew innovating ice cream bars in different shapes like cave dwellings, copper coins, and tigers.

Furthermore, India is also one of the fastest-growing frozen industries owing to product innovations. Indian manufacturers are innovating ice creams in different local flavors like gulab jamun, basundi, rose, and many more. Because of these product innovations, the requirement for dessert ice creams is increased in Indian households. Also, the demand for natural ingredients in ice creams is increasing, and market players are fulfilling the demands of consumers. For instance, in March 2022, Vadilal Enterprises, a premium ice cream brand in India, launched a Gourmet Natural Ice cream range that includes five flavors, i.e., Gulab Jamun, Alphonso Mango, Kesar Pista, Classic Malai, and Falooda.

Frozen Desserts Market: Market Size (%), By Geography, Global, 2021

Frozen Desserts Industry Overview

The Frozen Desserts Market is highly fragmented and comprises regional and international competitors. The market is dominated by players like Unilever PLC, Nestlé S.A., General Mills, and Yili Industrial Group Limited. The leading players in the frozen snacks market enjoy a dominant presence worldwide. These players focus on leveraging opportunities posed by emerging markets to expand their product portfolios to cater to the requirements of various product segments, especially ice cream. Companies compete on different factors, including product offerings, quality, taste, flavors, price, functionality, size, packaging, and marketing activities, to gain a competitive advantage in the market.

Frozen Desserts Market Leaders

  1. General Mills Inc.

  2. Fonterra Co-operative Group

  3. Meiji Holdings Co. Ltd

  4. Nestlé S.A.

  5. Unilever PLC

*Disclaimer: Major Players sorted in no particular order

Frozen Desserts Market Concentration
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Frozen Desserts Market News

  • October 2022: Kwality Walls, a Hindustan Unilever brand, launched Gulab Jamun flavored ice cream in India for the festive season. The gulab jamun flavored ice cream contains an exotic taste of mithai in addition to fruits and nuts.
  • January 2022: Mondelēz International, Inc. launched Oreo Frozen Desserts. The range of desserts includes bars, cones, sandwiches, and oreo trays. The bars and cones contain Oreo pieces and are dipped in a coating made from crushed Oreo wafer pieces. The sandwiches feature two large Oreo wafers.
  • January 2022: Unilever USA launched 19 new frozen treats. The company launched new products across four of its packaged ice cream and frozen novelty brands, i.e., Breyers, Klondike, Magnum ice cream, and Talenti Gelato & Sorbetto.

Frozen Desserts Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Frozen Yogurt

      2. 5.1.2 Ice Cream

      3. 5.1.3 Frozen Cakes

      4. 5.1.4 Other Types

    2. 5.2 Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Speciality Stores

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Spain

        2. United Kingdom

        3. Germany

        4. France

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle East & Africa


    1. 6.1 Key Staretegies Adopted

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 General Mills Inc.

      2. 6.3.2 Unilever PLC

      3. 6.3.3 Nestlé S.A.

      4. 6.3.4 Fonterra Co-operative Group Limited

      5. 6.3.5 Dunkin' Brands Group Inc.

      6. 6.3.6 Meiji Holdings Co. Ltd

      7. 6.3.7 Inner Mongolia Yili Industrial Group Co. Ltd

      8. 6.3.8 Bulla Dairy Foods

      9. 6.3.9 Dairy Farmers of America

      10. 6.3.10 Yasso Inc.

      11. 6.3.11 Mondelēz International, Inc.

    4. *List Not Exhaustive

**Subject to Availability
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Frozen Desserts Industry Segmentation

Frozen desserts are made by freezing liquids, semi-solids, and sometimes even solids. They may be based on flavored water, fruit purées, milk and cream, custard, and mousse. Most of these products are prepared from dairy products, such as milk and cream.

The Frozen Desserts Market is segmented by product type, distribution channel, and geography. By product type, it is segmented into ice cream, frozen yogurt, and other products, by distribution channel into supermarkets and hypermarkets, specialist retailers, convenience stores, and other distribution channels, and by geography into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done based on value (in USD Million).

Frozen Yogurt
Ice Cream
Frozen Cakes
Other Types
Distribution Channel
Convenience Stores
Speciality Stores
Other Distribution Channels
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa
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Frozen Desserts Market Research FAQs

The Frozen Desserts Market size is expected to reach USD 97.80 billion in 2024 and grow at a CAGR of 4.15% to reach USD 119.85 billion by 2029.

In 2024, the Frozen Desserts Market size is expected to reach USD 97.80 billion.

General Mills Inc., Fonterra Co-operative Group, Meiji Holdings Co. Ltd, Nestlé S.A. and Unilever PLC are the major companies operating in the Frozen Desserts Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Frozen Desserts Market.

In 2023, the Frozen Desserts Market size was estimated at USD 93.90 billion. The report covers the Frozen Desserts Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Frozen Desserts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Frozen Desserts Industry Report

Statistics for the 2024 Frozen Desserts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Frozen Desserts analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Frozen Desserts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)