Market Size of Frozen Desserts Industry
| 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
*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.
