Ice-cream and frozen dessert belongs to frozen food industry. Ice-cream and frozen dessert are primarily consumed after meal or served as a refreshment and can be enjoyed between the meal courses. Ice-cream and frozen dessert are mainly made up of milk and cream, and often combined with fruits, nuts and flavours. Rising consumer disposable income coupled with increasing inclination of people towards sweet dishes is expected drive the growth of Ice-cream and frozen dessert market across the globe.
Ice-cream and Frozen Dessert Market Segmentation
Ice-cream and frozen dessert market is segmented on the basis of types includes regular Ice-cream and low fat ice-cream. Among both of these segment regular Ice-cream is expected occupy the major contribution on the pie. However low fat ice cream is predicted to account for healthy CAGR in next five to six years. Shifting consumer preferences towards consumption of healthy food is expected to support the demand of low fat Ice-cream in the near future. On the basis of type frozen desserts segmentation includes sherbet, frozen yoghurt, frozen ice, frozen tofu and others. Among all of these segments frozen yoghurt is expected to be the major contributor in terms of revenue followed by sherbet. Introduction of frozen yoghurt in various flavour and in innovative packaging is attracting children a lot which is expected to fuel the growth of frozen yoghurt in the near future.
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Ice-cream and frozen dessert market is segmented on the basis of end user which includes household and hotel/restaurant/café. Among both of these two segments hotel/restaurant/café is expected to account for major share in terms of revenue contribution. Rising consumer preferences for outside dining coupled with increasing inclination of teenager towards the consumption of frozen food is expected to support the demand of ice-cream and frozen desserts market during the forecast period. Moreover, household is expected to show a substantial growth in the near future. Increasing availability of ice-cream and frozen dessert in packaged form and in variants for household consumption is expected to support its growth during the forecast period.
Geographically, North America is expected to be the major contributor in terms of value followed by Europe. However, these region is predicted to be a mature market and is expected to show a stable growth in the near future. Introduction of new variant in flavours coupled with offering low fat products may fuel the growth of Ice-cream and frozen dessert market in these region. In developing countries of Asia Pacific region, China is expected to dominate the market in terms of Ice-cream and frozen dessert consumption followed by India. Moreover Japan is expected to show a substantial growth during the forecast period. Increasing consumption of flavoured yoghurt especially in countries such as China and Japan is predicted to support the growth of ice-cream and frozen dessert market across Asia Pacific region during forecast period.
Ice-cream and Frozen Dessert Market Drivers
Rising disposable income coupled with shifting consumer eating habits is expected to drive the demand of Ice-cream and frozen dessert in the near future. Moreover, increasing availability of flavoured yoghurt especially in developing region is predicted to be major factor supporting the growth of Ice-cream and frozen dessert market during the forecast period.
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Ice-cream and Frozen Dessert Key Players
Some of the major players operating in ice cream and frozen dessert market includes Baskin-Robbins, Nestle SA, Unilever, Danone Groupe SA, Ben & Jerry's Homemade Holdings Inc., Cielo USA, Kraft Foods Group Inc. among others.
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