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Global Frozen Desserts Market is segmented by product type into ice cream, frozen yogurt, and other products, by distribution channel into supermarket and hypermarkets, specialist retailers, convenience store and other distribution channels; Geography
Study Period:
2016-2025
Base Year:
2019
Fastest Growing Market:
Middle East and Africa
Largest Market:
Asia Pacific
CAGR:
5.5 %
Global frozen desserts market is projected to grow at a CAGR of 5.5% during the forecast period.
Frozen desserts, such as ice-creams and frozen yogurts are generally consumed as snacks. Most of these products are prepared from dairy products, such as milk and cream. The potential of a distribution channel for frozen desserts depends upon various factors, such as the concentration of providers in that region, penetration of the processed food sector, and reach of retail chains and preference of consumers.
By Type | |
Frozen Yogurt | |
Ice Cream | |
Frozen Cakes | |
Others |
By Distribution Channel | |
Supermarkets/Hypermarkets | |
Convenience Stores | |
Speciality Stores | |
Others |
Geography | ||||||||
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The shift in consumer preference from traditional dairy based ice cream to premium brands is creating a path for international companies to launch their brands in the global frozen dessert market. In the Indian market, Unilever is one of the prominent market players in the ice cream and frozen dessert category, with its brands like Kwality Walls, Magnum and Cornetto catering to consumers at different price ranges. The sale of ice cream has increased in China, as consumers in the country consider ice cream as a snack and is one of the main reasons for the growing consumption of this product. Flavors like Darjeeling tea, yuzu, matcha, corn, black sesame, barbeque sauce, pickled plum, goat cheese and mocha ice cream have emerged in the market, creating a foundation for innovative flavors, particularly within the soft serve format.
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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. The frozen dessert is bound to achieve great success in the Chinese market, as the increasing demand for low-fat healthy food will likely encourage people to spend more on these products. The growth of specialized brands, like Yili Chocliz, Mengniu Ice, Cornetto, Magnum, and others has been a key factor for the growth of the frozen desserts market in China. These brands are responding to augmenting health consciousness among consumers, with the launch of mini sticks and other products. These products comes in many flavors and new attractive packaging that features images of popular singers. The rising income level of consumers, drastic development of manufacturing capabilities, premiumization trend in the country, and increasing adoption of premium products among consumers are projected to cater to the increasing demand for frozen desserts in China.
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The frozen desserts market is a highly fragmented market and comprises of regional and international competitors. The market is dominated by players, like Unilever, Nestle, General Mills, and Yili Industrial Group Limited. The leading players in the frozen snacks market enjoy a dominant presence worldwide. These players focus to leverage opportunities posed by emerging markets to expand their product portfolio, so that they can cater to the requirements for various product segments, especially ice cream. Companies compete on different factors, including product offerings, quality, taste, flavours, price, functionality, size, packaging, and marketing activities, in order to gain the competitive advantage in the market.
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Frozen Yogurt
5.1.2 Ice Cream
5.1.3 Frozen Cakes
5.1.4 Others
5.2 By Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Speciality Stores
5.2.4 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Key Staretegies Adopted
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 General Mills, Inc
6.4.2 Unilever
6.4.3 Nestle S.A
6.4.4 Fonterra Co-operative Group Limited
6.4.5 Dunkin' Brands Group, Inc
6.4.6 Meiji Holdings Co. Ltd
6.4.7 Inner Mongolia Yili Industrial Group Co. Ltd
6.4.8 Bulla Dairy Foods
6.4.9 Dairy Farmers Of America
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability