Frozen Dessert Market worth US$ 176.42 Billion 2019 with a CAGR of 5.40%
Frozen
Desserts are
prepared by freezing pasteurized mix with vegetable oils or milk long with
nutritive sweetening agents and milk proteins. They are mixed with various
flavors such as flavored fruits, milk, water, and others.
The report "Global Frozen Dessert Market, By Product Type (Artisanal Ice
Cream, Dairy-based Ice Cream, Water-based Ice Cream, Frozen Yogurt, and Frozen
Cakes), By Distribution Channel (On-Trade, Supermarket and Hypermarkets,
Specialist Retailers, and Other Distribution Channels), and By Region (North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa) -
Trends, Analysis and Forecast till 2030”.
·
Key
Highlights:
In
2018, Unilever (US) developed a premium, new, light ice cream brand, which
contains probiotics and features unique flavor combinations, like milk and
honey, turmeric, chai and cinnamon, cold brew and chocolate chip, pistachio and
caramel, lemon and graham, chocolate and cherry, and matcha and fudge
In May
2018, Inner Mongolia Yili Industrial Group Co. Ltd. acquired Chomthana, which
is the largest domestic ice cream manufacture and frozen food distributor in
Thailand. This helped Inner Mongolia Yili Industrial Group Co. Ltd to promote
complementary benefits between China and Thailand, which gives strategic
synergy effect, while increasing the market share
·
Analyst
View:
Rise in
consumption of gelato
The
remarkable rise in disposable income
Demand
for nutritious frozen desserts among consumers
Innovation
strategy- packaging design along with wide flavor variety
Emergence
of French yogurt
Browse 60 market data
tables* and 35 figures* through 140 slides and in-depth TOC on “Global Frozen
Dessert Market”, By Product Type (Artisanal Ice Cream, Dairy-based Ice
Cream, Water-based Ice Cream, Frozen Yogurt, and Frozen Cakes), By Distribution
Channel (On-Trade, Supermarket and Hypermarkets, Specialist Retailers, and
Other Distribution Channels), and By Region (North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and
Forecast till 2030”
Key
Market Insights from the report:
The market report has
been segmented on the basis of product type, distribution channel, and region.
By
product type, ice cream segment accounted for the largest market share in the
year 2018. It is one of the major products in this market. Increasing demand
for ice cream is increasing on a large scale due to its growing popularity
among all generations
By
distribution channel, the supermarket/hypermarket segment accounted for the
largest market share in 2018. It is anticipated to emerge as the fastest
growing segment over the forecast period due to purchase of frozen desserts,
along with the daily grocery items, which is credited to steadily growing
demand for desserts in daily food element
By
region, the market North America is anticipated to account the major share and
is accounted to maintain its dominance throughout the forecast period. Presence
of a large number of manufacturers in the region is projected to propel the
global market growth. This is mainly attributed due to growing production
capacity of US and Canada
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Competitive
Landscape:
The prominent player
operating in the global frozen dessert market includes General Mills, Unilever,
Nestle, Dunkin' Brands, FONTERRA CO-OPERATIVE GROUP, MEIJI HOLDINGS CO. Ltd.,
Bulla Dairy Foods, Yili Industrial Group Co. Ltd., DAIRY FARMERS OF AMERICA, and
Yasso Inc.
The market provides
detailed information regarding industrial base, productivity, strengths,
manufacturers, and recent trends which will help companies enlarge the
businesses and promote financial growth. Furthermore, the report exhibits dynamic
factors including segments, sub-segments, regional marketplaces, competition,
dominant key players, and market forecasts. In addition, the market includes
recent collaborations, mergers, acquisitions, and partnerships along with
regulatory framework across different regions impacting the market trajectory.
Recent technological advances and innovations influencing the global market are
included into the report.
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