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What Is the Current Size and Future Forecast of the Ice Cream And Frozen Dessert Market Through 2029?
The size of the ice cream and frozen dessert market has seen a significant increase in the past few years. The market is projected to expand from $105.83 billion in 2024 to $111.82 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%.
The prior growth of this market can be ascribed to factors such as consumer fondness for sweets, a range of available flavors, well-known brands, seasonal summer demand, and the popularity of dessert culture.
The market size of ice cream and other frozen delights is projected to witness robust expansion in the coming years, anticipated to reach "$143.39 billion by 2029, growing at an annual average rate (CAGR) of 6.4%. The expected growth during this projection period is credited to health-minded consumer demands, the rise of vegan and plant-based products, sustainable and environmental-friendly packaging, as well as digital advertising and e-commerce, and introduction of novel flavors.
Key market trends within the forecast period are high-end and homemade desserts, luxury and superior offerings, desserts fortified with protein, ice cream sandwiches, and novelty items, as well as international and ethnic tastes.
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What Are the Key Drivers Fueling Growth in the Ice Cream And Frozen Dessert Market Today?
The worldwide populace is on the rise, with projections reaching 10 billion by the year 2050. This population surge inevitably leads to higher demand for food.
A study named 'The Agricultural Outlook' conducted by OECD and FAO indicates that there would be a 13% rise in global cereal production by 2027. As a result of the population boost, trade volumes will need to expand to satisfy the demand.
In this context, it's expected that the companies operating in this market, especially those offering food and beverages such as ice cream and frozen desserts, will experience a benefit due to the increased demand in the forecasted timeframe.
How Is the Global Ice Cream And Frozen Dessert Market Segmented by Type, Application, and Region?
The ice cream and frozen dessertmarket covered in this report is segmented -
1) By Type: Ice Cream, Frozen Dessert
2) By Product: Ice-cream, Gelato, Frozen Custard, Frozen Yoghurt, Frozen Novelties, Sorbet and Other Products
3) By Category: Conventional, Sugar- Free
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
5) By End User: Personal, Commercial
Subsegments:
1) By Ice Cream: Regular Ice Cream, Premium Ice Cream, Low-Fat Ice Cream, Non-Dairy Ice Cream, Gelato, Sorbet, Frozen Yogurt
2) By Frozen Dessert: Frozen Novelties (Popsicles, Ice Bars), Frozen Cakes And Pies, Frozen Custard, Non-Dairy Frozen Desserts, Sherbet, Plant-Based Frozen Desserts
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What Are the Key Trends Driving Growth in the Ice Cream And Frozen Dessert Market Today?
The increasing awareness of healthy eating habits among consumers is driving a rapid surge in the demand for clean-label products. These clean-label dairy products are free from additives, artificial flavor enhancers, synthetic dyes, and preservatives.
Additionally, a number of restaurant and grocery store chains are specifying lists of ingredients that are not permitted in food products sold in their outlets. For example, Siggi's Dairy, a yoghurt brand in the USA, has launched clean-label yoghurt pouches specifically for kids.
Who Are the Key Players Driving the Global Ice Cream And Frozen Dessert Market Forward?
Major companies operating in the ice cream and frozen dessert market include Nestle S.A., Unilever plc, Danone S.A., Groupe Lactalis S.A., Frieslandcampina, General Mills, Olam International, Agropur cooperative, Land O'Lakes Inc., Meiji Holdings Co Ltd, Aavin, Abbott's Frozen Custard, Algida, Ample Hills Creamery Inc., Amul, Arun Icecreams, Australian Homemade, Bambino Ice Cream, Baskin-Robbins Homemade Holdings Inc., Ben & Jerry's Homemade Holdings Inc., Berthillon, Blue Bell Creameries, Blue Bunny (Wells enterprises Inc.), Bonnie Doon Ice Cream, Braum's Ice cream & Diary, Bresler's Ice Cream, Breyers, Calippo, Cold Stone Creamery Inc., Coolhaus, International Dairy Queen Inc., Del's, Dole Whip, Elsie Stix- Borden Diary, Fab Ice Creams, Jel Sert Company, Freaky Ice, Froster, Golden Spoon Creamery.
Which Region Holds the Largest Share in the Global Ice Cream And Frozen Dessert Market?
Western Europe was the largest region in the ice cream and frozen dessert market in 2024. Asia-Pacific was the second largest region of the ice cream and frozen dessert market.
The regions covered in the ice cream and frozen dessert market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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