Frozen Dessert Market Size, Share, Growth and Industry Trends Report
by Susan Hill Business ConsultantThe
global frozen dessert market size is expected to reach
USD 135.0 billion by 2025, expanding at a CAGR of 5.4%, according to a new
report by Grand View Research, Inc. Increasing demand for frozen dessert
products across the globe, rising disposable income, growing trend of consuming
frozen desserts after meal as an effective digestive product, and climate
change are the key factors for industry growth.
These desserts
are mainly made up of milk compounds, vegetable fats, along with a mixture of
flavors and dry fruits. Rising awareness regarding health benefits of these
products is also driving the market. Climate change is another factor likely to
create high demand for desserts such as ice cream and yogurt on a global scale.
It is estimated that the demand
for ice-creams alone can easily go up to 50% in hot day and drop 20% if
the weather is bad. Customers believe that they eat ice creams just to cool
down their body temperature in hot climate, thereby fueling the growth of the
market.
North
America was the largest regional market in the year 2018 owing to
growing demand for ice creams in the region. In 2018, U.S. was the largest
market that accounted for 91.6% share in the North America market. Changing
lifestyle, along with increasing health consciousness, is fueling the growth of
this market. Frozen yogurt is the most popular product under this segment,
having more than 400 brands that offer numerous flavors to consumers.
Considering
this, the United States Department of Agriculture (USDA) initiated several
projects to promote the consumption of yogurt and related products across the
region. Low-fat
yogurt is a great source of calcium and is increasingly promoted by the
organization for health and nutrition. Asia Pacific is expected to emerge as
the fastest growing regional market in the forecast period. Growing urban
population, changing lifestyle, rising disposable income, and changing weather
conditions are some of the major factors driving the market in this region.
Further key
findings from the study suggest:
- By product,
frozen yogurt is projected to expand at a CAGR of 6.8% over the forecast
period
- Based on
distribution channel, the supermarket/hypermarket segment held a revenue
share of 43.1% in 2018
- U.S., Italy,
Germany, Japan, India, Brazil, and South Africa for frozen desserts market
are the major countries which holds the largest share in their respective
regions.
Access
full research report on global frozen dessert market:
www.grandviewresearch.com/industry-analysis/frozen-dessert-market
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Created on Oct 31st 2019 08:59. Viewed 327 times.