Market Size of dairy desserts Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 122.50 Billion |
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Market Size (2029) | USD 147.74 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 3.82 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Dairy Desserts Market Analysis
The Dairy Desserts Market size is estimated at 122.50 billion USD in 2024, and is expected to reach 147.74 billion USD by 2029, growing at a CAGR of 3.82% during the forecast period (2024-2029).
122.50 Billion
Market Size in 2024 (USD)
147.74 Billion
Market Size in 2029 (USD)
2.83 %
CAGR (2017-2023)
3.82 %
CAGR (2024-2029)
Largest Market by Product Type
91 %
value share, Ice Cream, 2023
The increasing adoptibility of ice cream consumption in all the seasons with adoption of various twisted sophisticated flavours is largely driving the segmental growth.
Largest Market by Distribution Channel
85.34 %
value share, Off-Trade, 2023
The product assortment and shelf space in off-trade retail channels is allowing consumers to compare the products, which has emerged to be one of the major factor driving segmental growth.
Fastest-growing Market by Product Type
3.97 %
Projected CAGR, Ice Cream, 2024-2029
The country's taste for ice cream is anticipated by the ongoing market compliance with the existence of numerous retailers with the emergence of different exotic flavours.
Fastest-growing Market by Distribution Channel
4.78 %
Projected CAGR, Off-Trade, 2024-2029
The ongoing demand in off-trade channels majorly through online distribution channel as it provides ease of shopping with ample option availability is inticing the growth of segment.
Leading Market Player
13.03 %
market share, Unilever Plc, 2022
Unilever Group gained a competitive edge over other players due to its extensive product portfolio with wider brand presence, along with its strategic moves toward innovation.
The sales through off-trade distribution channels with the presence of wider product range is making the market
- The off-trade segment dominates among distribution channels of the global dairy desserts market. In the off-trade segment, consumers prefer buying dairy desserts majorly from supermarkets and hypermarkets, as this channel often offers competitive prices on dairy desserts, especially when compared to specialty stores or boutique shops. This is because these outlets can purchase dairy desserts in bulk and pass on the savings to consumers. Hypermarkets and supermarkets usually offer a wide range of brands and products of dairy desserts, giving consumers a variety of options to choose from. This allows consumers to compare different brands and products and make informed purchasing decisions.
- Convenience stores account for the second highest share in the sales of dairy desserts, after supermarkets and hypermarkets. In 2022, the sales value of dairy desserts through convenience stores increased by 3.5% over the previous year.
- Dairy desserts are commonly offered through restaurants and food service channels. Foodservice channels offer various dairy desserts, including unique and customized options, which attract customers looking for something different or personalized. The sale of dairy desserts in restaurants and other food service channels is driven by various factors, including menu offerings, variety and customization, convenience and speed, quality and freshness, and presentation and atmosphere. Dairy dessert sales through the on-trade channel are anticipated to grow by 11.4% in 2025 compared to 2022. About 47% of consumers across the globe consumed meals at restaurants, and 31% of consumers ordered from foodservice channels in 2022.
Understand The Key Trends Shaping This Market
The demand from Europe followed by North America and Asia-Pacific drives the global market
- The Y-o-Y growth rate of the global dairy desserts market was 4.1% in 2022 compared to the previous year. Of all the regions, Europe accounted for most of the share of the global dairy desserts market, i.e., 40.4%. Dairy desserts have gained immense traction across the region due to their various health benefits, easy accessibility, and the availability of premium ice creams.
- Ice cream accounts for most of the sales of dairy desserts in Europe. In 2021, the European Union produced over 3.1 billion liters of ice cream, a 4% increase compared to the previous year. Germany, the United Kingdom, and Italy are the key markets for dairy desserts in Europe, collectively accounting for 41.01% of the overall ice cream consumption in the region.
- North America is the second-largest market for dairy desserts. The sales value of dairy desserts in North America registered a growth rate of 6% from 2019 to 2022. The dairy desserts market in North American countries is expanding due to strong demand for ice cream. The average American consumes approximately 23 pounds of ice cream and other frozen desserts per year. About 73% of people consume ice cream at least once per week, and 2 out of 3 consume ice cream in the evening.
- Asia-Pacific is the fastest-growing region in terms of the sales of dairy desserts globally. The sales value of dairy desserts in Asia-Pacific is anticipated to grow by 12.1% in 2025 compared to 2022. New Zealand leads the world in ice cream consumption, with a per capita consumption of 28.4 liters per year. Increasing demand for sweet treats and increased income are the major factors driving the dairy desserts market in the region.
