USD 32.37 Billion
Report ID:
SQMIC30I2393 |
Region:
Country |
Published Date: April, 2024
Pages:
198
|Tables:
68
|Figures:
75
U.S. Frozen Dessert Market size was valued at USD 33.86 Billion in 2023 and is poised to grow from USD 35.42 Billion in 2024 to USD 50.75 Billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).
The emergence of health-aware consumers who are interested in a low carbohydrate and low sugar diet with nutritional benefits is going to be beneficial for the market growth. In order to provide something new for consumers, the manufacturers are introducing frozen treats full of proteins that have a lot of health benefits with many persuasive impacts. For instance, Pro Rich Nutrition LLC launched consumer-ready branded food in June 2021 dairy based frozen dessert under the name Pro Rich dairy-based frozen dessert. Enriched with protein – 10 to 11 grams and contains 26 vitamins and minerals, amino acids, organic prebiotic fibre and probiotic cultures.
It is available in five flavours such as JoJo’s Original, Rocket Launch, Chocolate Chunk, Mint Madness and Strawberry Sundae. It does not contain gluten, it has no Genetically Modified Organisms, and it must have no artificial flavors or sweeteners preservatives. Consumers are expected to follow the freezes created by a range of major U.S.firms and brands in partnership with local small brands mainly due to their creative limited edition and seasonal varieties that have not been seen before. For instance, in July 2021, Van Leeuwen, an ice-cream company from Brooklyn NYC partnered with Kraft Macaroni & Cheese and developed a limited edition of ice cream. Furthermore, these industries joined forces to produce Kraft Macaroni & Cheese as a delightful summertime that is rumoured to have no additives or preservatives.
Moreover, a number of mergers and acquisitions by the main industry actors would harmonize with the upward direction of growth. For instance, The Urgent Company which is a subsidiary of consumer brand Perfect Day acquired Coolhaus frozen ice cream even as an innovation brand in dessert novelties, in December 2021. In order to compensate the company for its decision to widen its portfolio, provide a better food system formulation against consumers in this region by taking advantage of Cal-Maine’s growing range on the dairy aisle. MidOcean Partners also happened to acquire Casper’s Ice Cream (Casper’s) in January 2022 – a company that manufacture branded and co-packed frozen novelty sold through grocery and mass retail outlets across U.S
Global Market Size
USD 32.37 Billion
Largest Segment
Food Services
Fastest Growth
Food Services
Growth Rate
4.6% CAGR
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U.S. Frozen Dessert Market is segmented on the basis of Product and Distribution Channel. By Product, the market is segmented into Cakes & Pastries, Confectionery & Candies, Doughnuts & Pies, Custards & Pudding, Ice Creams, Frozen Yogurt, Tofu, Sweet Treats, Sherbet, Frozen Novelties. By Distribution Channels, market is segmented into Retail and Food Services.
Analysis by Product
The ice creams segment dominated the global market. Demand for the segment would be driven in the forecast period by rising millennial demand for convenience food products as well as new product launches in this category with appealing flavors to draw in customers.
The frozen yoghurt segment is expected to grow at the fastest CAGR. Major factors driving the segment's growth include consumers' rising health consciousness and demand for a healthy diet and way of eating. Lactose intolerance sufferers can eat frozen yoghurt because it has little to no lactose.
Analysis by Distribution Channel
In 2021, the foodservice segment dominated the global market. The segment expansion is being fueled by a number of efforts, including mergers and acquisitions and product releases by different food services, such as restaurants, cafes, and ice cream parlors operating in convenient and accessible places across the United States.
The retail sector is anticipated to increase at the fastest CAGR over the projection period. Customers are more likely to visit their local retail stores since it is so handy to find a wide variety of food and beverage products, including frozen desserts, in one location. Also, store owners sell desserts that are in high demand at their locations to guarantee that consumers' in-store purchasing patterns are maintained.
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The largest region for frozen desserts in the U.S. is the West, which includes states like California, Washington, and Oregon. This region has a high consumption of ice cream and frozen yogurt due to its warm weather and high population. Additionally, the Midwest region, which includes states like Wisconsin and Minnesota, is known for its production of dairy products and has a significant market share in the ice cream segment.
In terms of the fastest-growing region for frozen desserts in the U.S., the Southeast region, which includes states like Florida, Georgia, and North Carolina, is showing significant growth. The region's warm climate and high population have contributed to the growth of the frozen dessert market, with a high demand for ice cream and frozen yogurt products. Additionally, the region's diverse population has also led to an increasing demand for non-dairy and vegan frozen desserts, contributing to the market growth.
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Drivers
Changing consumer preferences
Growing demand for premium and artisanal products
Restraints
Availability of alternative products
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Due to the presence of numerous regional competitors, the frozen desserts market in the United States is highly fragmented. Unilever, Nestlé, Blue Bell Ice Cream, Wells Enterprises, Inc., Winward Brands, LLC, Tofutti Brands, Inc., MTY Food Group, Dairy Farmers of America, Inc., and Conagra Brands are a few of the leading companies in the market. To stay competitive, businesses have been employing a variety of expansion methods, including alliances and the introduction of new products.
Top Player’s Company Profiles
Recent Developments
Increasing Interest in Gelato
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our US frozen dessert market analysis, the market growth is driven by a range of factors such as changing consumer preferences, increased innovation and product development, and the growing popularity of premium and artisanal frozen desserts. However, the market is also subject to a range of restraints, including health concerns, competition from alternative dessert categories, and economic factors. Some of the key trends in the market include the increasing demand for plant-based and vegan options, the growing popularity of low-sugar and low-fat products, and the rise of artisanal and small-batch producers. Many manufacturers are investing in product innovation and development, expanding their product lines to cater to changing consumer preferences. Additionally, companies are increasingly adopting sustainability and ethical sourcing practices in their operations, responding to growing consumer demand for socially responsible products.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 32.37 Billion |
Market size value in 2031 | USD 48.52 Billion |
Growth Rate | 4.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the U.S. Frozen Dessert Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the U.S. Frozen Dessert Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the U.S. Frozen Dessert Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the U.S. Frozen Dessert Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIC30I2393
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