Global Frozen Desserts Market to Reach US$137.3 Billion by 2030

The global market for Frozen Desserts estimated at US$101.3 Billion in the year 2024, is expected to reach US$137.3 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2024-2030. Ice Cream, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$80.2 Billion by the end of the analysis period. Growth in the Confectionary & Candies segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$32.8 Billion While China is Forecast to Grow at 7.3% CAGR

The Frozen Desserts market in the U.S. is estimated at US$32.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.3 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.2% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Global Frozen Desserts Market - Key Trends & Drivers Summarized

Frozen desserts, encompassing a wide variety of products such as ice cream, frozen yogurt, gelato, sorbet, and frozen novelties, have become a staple in many diets around the world. These desserts are loved for their refreshing qualities and rich, diverse flavors that cater to a broad range of consumer preferences. Ice cream remains the most popular category, with traditional flavors like vanilla and chocolate being perennial favorites, while innovative flavors and inclusions continue to captivate consumers. Gelato, known for its dense texture and intense flavor, has gained popularity for its artisanal appeal. Frozen yogurt, often perceived as a healthier alternative to ice cream, attracts health-conscious consumers with its lower fat content and probiotic benefits. Sorbets and sherbets, typically made from fruit purees, provide a dairy-free option that appeals to vegans and those with lactose intolerance.

Technological advancements and innovative production techniques have significantly enhanced the quality and variety of frozen desserts. Modern freezing technologies, such as continuous freezing and blast freezing, ensure a smoother texture and longer shelf life for these products. Ingredient innovation has also played a crucial role, with the introduction of plant-based and allergen-free ingredients catering to the growing demand for inclusive dietary options. The development of low-calorie sweeteners and fat replacers has enabled manufacturers to create guilt-free indulgences without compromising on taste. Additionally, the use of high-quality, natural ingredients and the trend towards clean label products have resonated well with consumers seeking transparency and authenticity in their food choices. Packaging innovations, such as resealable containers and portion-controlled packs, have further improved the convenience and appeal of frozen desserts.

The growth in the frozen desserts market is driven by several factors. The increasing consumer demand for convenient and indulgent food options is a significant driver, as busy lifestyles make ready-to-eat desserts more appealing. The rise in health consciousness and dietary awareness has led to the proliferation of better-for-you options, including low-sugar, low-fat, and plant-based frozen desserts. Technological advancements in freezing and ingredient processing are making it easier for manufacturers to produce high-quality, diverse products that meet evolving consumer preferences. Additionally, the expansion of distribution channels, including online platforms and specialty stores, is enhancing the accessibility of these products to a broader audience. The growing influence of social media and food trends is also shaping consumer preferences and driving innovation in flavors and formats. Together, these factors are fostering a dynamic and expanding market for frozen desserts, presenting significant opportunities for continued innovation and growth.