Frozen Dessert Market Size To Reach $166.7 Billion By 2030

Frozen Dessert Market Growth & Trends

The global frozen dessert market size is expected to reach USD 166.7 billion by 2030, expanding at a CAGR of 4.1% from 2024 to 2030, 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.

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Frozen Dessert Market Report Highlights

• Ice creams dominated the market and accounted for the largest revenue share of 58.8% in 2023, owing to their large-scale popularity among all generations. 

• The supermarket/hypermarket led the market and accounted for the largest revenue share in 2023. These markets are convenient one-stop destinations for grocery shopping. 

• The North America frozen dessert market dominated the global market and accounted for the largest revenue share of 32.7% in 2023.

Frozen Dessert Market Segmentation

Grand View Research has segmented the global frozen dessert market on the basis of product, distribution channel, and region:

Frozen Dessert Product Material Outlook (Revenue, USD Million, 2018 - 2030)

• Confectionaries & Candies

• Icecream

• Frozen Yogurts

• Others

Frozen Dessert Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Supermarket/hypermarket

• Convenience Store

• Café & Bakery Shops

• Online

• Others

Frozen Dessert Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • Italy

• Asia Pacific

  • Japan

  • India

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List of Key Players of Frozen Dessert Market

• Nestlé

• Unilever

• General Mills Inc.

• Dippin’ Dots LLC.

• Kellanova

• China Mengniu Dairy Company Limited

• HANDEL'S HOMEMADE ICE CREAM

• Bassetts Ice Cream

• Froneri International Limited

• Blue Bell Creameries