Ice Cream And Frozen Dessert Global Market Report 2024 - By Demand, Share, Size, Industry Trends, Forecast To 2033

The ice cream and frozen dessert market size has grown strongly in recent years. It will grow from $101.83 billion in 2023 to $108.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to consumer sweet tooth, diverse flavor options, established brands, summer seasonality, dessert culture.

The ice cream and frozen dessert market size is expected to see strong growth in the next few years. It will grow to $140.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to health-conscious consumer preferences, plant-based and vegan offerings, sustainability and eco-friendly packaging, digital marketing and e-commerce, innovative flavor combinations. Major trends in the forecast period include artisan and craft desserts, gourmet and premium offerings, protein-enriched desserts, ice cream sandwiches and novelties, international and ethnic flavors.

Market Overview -
Ice cream is a frozen dairy food made from milk or cream and is flavored with a sweetener. Frozen desserts are defined as foods that are made by freezing semi-solids, liquids, and sometimes even solids. They are based on fruit purees, flavored water, mousse, and others.

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Rising Global Population And The Implications For The Food Industry
The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to 'The Agricultural Outlook' by the OECD and FAO, global cereal production is projected to increase by 13% by 2027. Trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for food and beverage products, including ice cream and frozen desserts, due to the rising population during the forecast period.

Competitive Landscape -
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.

Rising Consumer Demand For Clean-Label Dairy Products In The Food Industry
The demand for clean-label products is increasing rapidly owing to a significant rise in consumer awareness of healthy eating. Clean-label dairy products do not contain additives, artificial flavor enhancers, dyes, or artificial preservatives. Also, many foodservice and retail grocery store chains are stating lists of ingredients that cannot be present in food items in their stores or restaurants. For instance, the USA-based yoghurt brand Siggi's Dairy introduced clean-label yoghurt pouches for children.

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Key Segments -
The ice cream and frozen dessert market 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 Covered: Gelato, Frozen Novelties, Frozen Yogurt, Other Frozen Dessert

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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