Global Ice creams & Frozen Desserts Market Size, Share, Analysis Report - Forecast 2032

Ice creams & Frozen Desserts Market Insights

As per the published report by Market Research Store, the Global Ice creams & Frozen Desserts Market size was estimated at USD 138.3 Billion in 2023 and is anticipated to reach reach USD 267.43 Billion by 2032, growing at a projected CAGR of 7.6% during the forecast period 2024-2032. The report provides a detailed analysis of the global Ice creams & Frozen Desserts Market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.

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Ice creams & Frozen Desserts Market: Overview

The growth of the ice creams & frozen desserts market is fueled by rising global demand across various industries and applications. The report highlights lucrative opportunities, analyzing cost structures, key segments, emerging trends, regional dynamics, and advancements by leading players to provide comprehensive market insights. The ice creams & frozen desserts market report offers a detailed industry analysis from 2024 to 2032, combining quantitative and qualitative insights. It examines key factors such as pricing, market penetration, GDP impact, industry dynamics, major players, consumer behavior, and socio-economic conditions. Structured into multiple sections, the report provides a comprehensive perspective on the market from all angles.

Key sections of the ice creams & frozen desserts market report include market segments, outlook, competitive landscape, and company profiles. Market Segments offer in-depth details based on Product Type, Distribution Channel, Category, and other relevant classifications to support strategic marketing initiatives. Market Outlook thoroughly analyzes market trends, growth drivers, restraints, opportunities, challenges, Porter’s Five Forces framework, macroeconomic factors, value chain analysis, and pricing trends shaping the market now and in the future. The Competitive Landscape and Company Profiles section highlights major players, their strategies, and market positioning to guide investment and business decisions. The report also identifies innovation trends, new business opportunities, and investment prospects for the forecast period.

Key Highlights:

• As per the analysis shared by our research analyst, the global ice creams & frozen desserts market is estimated to grow annually at a CAGR of around 7.6% over the forecast period (2024-2032).
• In terms of revenue, the global ice creams & frozen desserts market size was valued at around USD 138.3 Billion in 2023 and is projected to reach USD 267.43 Billion by 2032.
• The market is projected to grow at a significant rate due to increasing disposable income, premiumization of frozen desserts, and the introduction of healthier, plant-based alternatives.
• Based on the Product Type, the Ice Cream segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• On the basis of Distribution Channel, the Supermarkets & Hypermarkets segment is anticipated to command the largest market share.
• In terms of Category, the Dairy-Based segment is projected to lead the global market.
• Based on region, North America is projected to dominate the global market during the forecast period.

Ice creams & Frozen Desserts Market: Report Scope

This report thoroughly analyzes the ice creams & frozen desserts market, exploring its historical trends, current state, and future projections. The market estimates presented result from a robust research methodology, incorporating primary research, secondary sources, and expert opinions. These estimates are influenced by the prevailing market dynamics as well as key economic, social, and political factors. Furthermore, the report considers the impact of regulations, government expenditures, and advancements in research and development on the market. Both positive and negative shifts are evaluated to ensure a comprehensive and accurate market outlook.

Ice creams & Frozen Desserts Market: Dynamics

Key Growth Drivers: 

The ice creams & frozen desserts market continues its expansion, primarily fueled by the enduring consumer desire for enjoyable and comforting treats across all age demographics. The increasing disposable incomes, particularly in developing nations, are enhancing the affordability and accessibility of these products to a broader consumer base. Constant innovation in flavor profiles, product formats encompassing tubs, cones, bars, and novelties, alongside the incorporation of diverse ingredients such as premium, organic, and plant-based options, effectively caters to evolving consumer preferences and stimulates consumption. The significant role of impulse purchases, especially during warmer seasons and within retail environments, provides a substantial boost to sales volumes. Moreover, strategic marketing and promotional activities undertaken by key market players, including celebrity endorsements and engaging social media campaigns, further contribute to market growth and brand visibility.

Restraints: 

The ice creams & frozen desserts market encounters several restraining factors, notably the high sugar and fat content prevalent in many traditional offerings, which raises health concerns among consumers increasingly aware of obesity and related health issues. The inherent seasonality of demand, with sales typically peaking during the summer months, can lead to revenue volatility throughout the year. The intense competitive landscape, characterized by numerous global and local players, often results in price competition and compressed profit margins. Fluctuations in the cost of essential raw materials, including dairy, sugar, and flavorings, can significantly impact production expenses. Furthermore, the growing availability and appeal of healthier snack alternatives and a wide array of other dessert choices present a continuous competitive challenge for market share.

Opportunities: 

The ice creams & frozen desserts market possesses substantial opportunities for future growth and innovation. The development and introduction of healthier product alternatives, such as low-sugar, low-fat, dairy-free, and plant-based options, directly address the needs of health-conscious consumers and those with dietary restrictions. The creation of unique and exotic flavor combinations, alongside artisanal and gourmet product lines, can attract consumers seeking premium and differentiated experiences. The ongoing expansion of e-commerce platforms and online delivery services provides enhanced accessibility and convenience for consumers to purchase frozen desserts. The increasing trend towards customization and personalized products opens up avenues for creating tailored frozen treat offerings. Moreover, the exploration and incorporation of novel ingredients and textures, including functional ingredients or unique inclusions, can generate consumer excitement and encourage product trial.

Challenges: 

The ice creams & frozen desserts market faces ongoing challenges in navigating the delicate balance between consumer demand for indulgent treats and growing health and wellness trends. Maintaining profitability within a highly competitive market, subject to fluctuating raw material costs, necessitates efficient operational strategies and strategic pricing decisions. Adapting to the ever-evolving consumer preferences and rapidly shifting flavor trends requires continuous investment in product innovation and thorough market research. Ensuring the integrity of the cold chain throughout the entire supply process, from manufacturing to the point of sale, is critical for maintaining product quality and safety. Furthermore, navigating the diverse and often complex regulatory landscapes concerning labeling, ingredients, and advertising across different geographical regions presents a significant hurdle. The need to effectively target and engage increasingly fragmented consumer segments with varied preferences and dietary needs also poses a persistent challenge for market players.

Ice creams & Frozen Desserts Market: Segmentation Insights

The global ice creams & frozen desserts market is segmented based on Product Type, Distribution Channel, Category, and Region. All the segments of the ice creams & frozen desserts market have been analyzed based on present & future trends and the market is estimated from 2024 to 2032.

Based on Product Type, the global ice creams & frozen desserts market is divided into Ice Cream, Frozen Yogurt, Sorbet, Sherbet, Others.

On the basis of Distribution Channel, the global ice creams & frozen desserts market is bifurcated into Supermarkets & Hypermarkets, Convenience Stores, Online Retail, Specialty Stores.

In terms of Category, the global ice creams & frozen desserts market is categorized into Dairy-Based, Non-Dairy/Vegan.

Ice creams & Frozen Desserts Market: Regional Insights

The North America region dominates the global ice creams and frozen desserts market, holding the largest market share due to high per capita consumption, strong demand for premium and innovative flavors, and a well-established retail infrastructure. According to recent market data (2023–2024), North America accounted for over 35% of global revenue, with the U.S. leading as the top consumer, driven by indulgence trends and the popularity of plant-based and low-sugar alternatives. Europe follows closely, with countries like Germany, the UK, and Italy favoring artisanal gelato and organic frozen desserts.

The Asia-Pacific (APAC) region is the fastest-growing market, fueled by rising disposable incomes, urbanization, and expanding cold chain logistics in India, China, and Japan. Latin America and the Middle East & Africa show niche growth, with Brazil and South Africa embracing local and exotic flavors. North America’s dominance is expected to persist, supported by product innovation and aggressive marketing strategies from major brands.

Ice creams & Frozen Desserts Market: Competitive Landscape

The ice creams & frozen desserts market report offers a thorough analysis of both established and emerging players within the market. It includes a detailed list of key companies, categorized based on the types of products they offer and other relevant factors. The report also highlights the market entry year for each player, providing further context for the research analysis.

The "Global Ice creams & Frozen Desserts Market" study offers valuable insights, focusing on the global market landscape, with an emphasis on major industry players such as;

• Unilever
• Ben＆Jerry's Homemade Holdings Inc.
• Baskin-Robbins
• Danone Groupe SA
• Lotte Confectionery Co Ltd
• Meiji Co Ltd
• General Mills Inc.
• Kraft Foods Group Inc
• Nestle SA

The Global Ice creams & Frozen Desserts Market is Segmented as Follows:

By Product Type

• Ice Cream
• Frozen Yogurt
• Sorbet
• Sherbet
• Others

By Distribution Channel

• Supermarkets & Hypermarkets
• Convenience Stores
• Online Retail
• Specialty Stores

By Category

• Dairy-Based
• Non-Dairy/Vegan

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Market Evolution

This section evaluates the market position of the product or service by examining its development pathway and competitive dynamics. It provides a detailed overview of the product's growth stages, including the early (historical) phase, the mid-stage, and anticipated future advancements influenced by innovation and emerging technologies.

Porter’s Analysis

Porter’s Five Forces framework offers a strategic lens for assessing competitor behavior and the positioning of key players in the ice creams & frozen desserts industry. This section explores the external factors shaping competitive dynamics and influencing market strategies in the years ahead. The analysis focuses on five critical forces:

• Competitive Rivalry
• Threat of New Entrants
• Threat of Substitutes
• Supplier Bargaining Power
• Buyer Bargaining Power

Value Chain & Market Attractiveness Analysis

The value chain analysis helps businesses optimize operations by mapping the product flow from suppliers to end consumers, identifying opportunities to streamline processes and gain a competitive edge. Segment-wise market attractiveness analysis evaluates key dimensions like product categories, demographics, and regions, assessing growth potential, market size, and profitability. This enables businesses to focus resources on high-potential segments for better ROI and long-term value.

PESTEL Analysis

PESTEL analysis is a powerful tool in market research reports that enhances market understanding by systematically examining the external macro-environmental factors influencing a business or industry. The acronym stands for Political, Economic, Social, Technological, Environmental, and Legal factors. By evaluating these dimensions, PESTEL analysis provides a comprehensive overview of the broader context within which a market operates, helping businesses identify potential opportunities and threats.

• Political factors assess government policies, stability, trade regulations, and political risks that could impact market operations.
• Economic factors examine variables like inflation, exchange rates, economic growth, and consumer spending power to determine market viability.
• Social factors explore cultural trends, demographics, and lifestyle changes that shape consumer behavior and preferences.
• Technological factors evaluate innovation, R&D, and technological advancements affecting product development and operational efficiencies.
• Environmental factors focus on sustainability, climate change impacts, and eco-friendly practices shaping market trends.
• Legal factors address compliance requirements, industry regulations, and intellectual property laws impacting market entry and operations.

Import-export Analysis & Pricing Analysis

An import-export analysis is vital for market research, revealing global trade dynamics, trends, and opportunities. It examines trade volumes, product categories, and regional competitiveness, offering insights into supply chains and market demand. This section also analyzes past and future pricing trends, helping businesses optimize strategies and enabling consumers to assess product value effectively.

Ice creams & Frozen Desserts Market: Company Profiles

The report identifies key players in the ice creams & frozen desserts market through a competitive landscape and company profiles, evaluating their offerings, financial performance, strategies, and market positioning. It includes a SWOT analysis of the top 3-5 companies, assessing strengths, weaknesses, opportunities, and threats. The competitive landscape highlights rankings, recent activities (mergers, acquisitions, partnerships, product launches), and regional footprints using the Ace matrix. Customization is available to meet client-specific needs.

Regional & Industry Footprint

This section details the geographic reach, sales networks, and market penetration of companies profiled in the ice creams & frozen desserts report, showcasing their operations and distribution across regions. It analyzes the alignment of companies with specific industry verticals, highlighting the industries they serve and the scope of their products and services within those sectors.

Ace Matrix

This section categorizes companies into four distinct groups—Active, Cutting Edge, Innovator, and Emerging—based on their product and business strategies. The evaluation of product strategy focuses on aspects such as the range and depth of offerings, commitment to innovation, product functionalities, and scalability. Key elements like global reach, sector coverage, strategic acquisitions, and long-term growth plans are considered for business strategy. This analysis provides a detailed view of companies' position within the market and highlights their potential for future growth and development.

Research Methodology

The qualitative and quantitative insights for the ice creams & frozen desserts market are derived through a multi-faceted research approach, combining input from subject matter experts, primary research, and secondary data sources. Primary research includes gathering critical information via face-to-face or telephonic interviews, surveys, questionnaires, and feedback from industry professionals, key opinion leaders (KOLs), and customers. Regular interviews with industry experts are conducted to deepen the analysis and reinforce the existing data, ensuring a robust and well-rounded market understanding.

Secondary research for this report was carried out by the Market Research Store team, drawing on a variety of authoritative sources, such as:

• Official company websites, annual reports, financial statements, investor presentations, and SEC filings
• Internal and external proprietary databases, as well as relevant patent and regulatory databases
• Government publications, national statistical databases, and industry-specific market reports
• Media coverage, including news articles, press releases, and webcasts about market participants
• Paid industry databases for detailed market insights

Market Research Store conducted in-depth consultations with various key opinion leaders in the industry, including senior executives from top companies and regional leaders from end-user organizations. This effort aimed to gather critical insights on factors such as the market share of dominant brands in specific countries and regions, along with pricing strategies for products and services.

To determine total sales data, the research team conducted primary interviews across multiple countries with influential stakeholders, including:

• Distributors
• Marketing, Brand, and Product Managers
• Procurement and Production Managers
• Sales and Regional Sales Managers, Country Managers
• Technical Specialists
• C-Level Executives

These subject matter experts, with their extensive industry experience, helped validate and refine the findings. For secondary research, data was sourced from a wide range of materials, including online resources, company annual reports, industry publications, research papers, association reports, and government websites. These various sources provide a comprehensive and well-rounded perspective on the market.

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