Ice Cream and Frozen Dessert Market

Ice Cream and Frozen Dessert Market Overview

In the last few years, especially since the pandemic, people are spending a substantial amount of their income on miniature snackable treats. This has pushed the global valuation of the ice cream and frozen dessert market to USD 1,38,300 million. With more and more consumers ordering ice creams and frozen desserts through various distribution channels such as online platforms, supermarkets, ice cream parlors, etc., the market is very likely to cross USD 2,83,900.20 million with a healthy CAGR of 7.50%.

Ice Cream and Frozen Dessert Market Trends

• Flavor innovation and exciting snacking formats are helping the demand to rise in the ice cream and frozen dessert market. Brands have normalized plant-based, low-calorie, and sugar-free desserts and ice creams.
• People are now shifting from sizable portions to bite-sized ones, making brands explore indulgent flavors and textures before putting out a product in the market.
• Non-dairy ice cream manufacturers also are trying to mimic the taste and texture of dairy-based ice creams to attract lactose-intolerant consumers who make up more than half of the world’s population.
• The ongoing vegan trend in the world is also pushing frozen dessert manufacturers to come up with vegetarian, dairy-free, and almond or soy-based desserts to cater to the demand of this demographic.
• The rise of probiotic yogurt options and their demand in the health-conscious consumer pool as it gives thicker products with longer shelf life, is also aiding the market to expand exponentially.

Attributes	Details
Market Value for 2024	USD 1,38,300 million
Projected Market Value for 2034	USD 2,83,900.20 million
Value-based CAGR of the Market for 2024 to 2034	7.50%

Growth Drivers for Ice Cream and Frozen Dessert Market

• Rising global temperature, making people crave frozen desserts to beat the everyday heat
• Easy availability, numerous ice cream parlors, and affordable prices, creating a conducive environment for common people to consume frozen desserts
• Growth of local ice cream brands and their rise due to relevant flavors that suit the regional population
• Ice cream brands digging up flavors from the past, creating a sense of nostalgia in the minds of consumers
• Social media influencers and fitness gurus on short video platforms, with millions of virtual followers, actively collaborating with brands to promote their frozen dessert products
• Premiumization of ice creams and frozen desserts, with the emergence of gourmet options in the industry
• DIY (Do It Yourself) ice cream parlors, giving consumers the freedom to choose their own toppings, flavors, and cones
• Brands embracing sustainable practices right from sourcing to manufacturing to distribution and packaging
• Emergence of food delivery platforms in developing and underdeveloped parts of the world making last-mile delivery of ice creams and frozen desserts feasible
• The surge in the number of people consuming frozen yogurt as a pre-workout or post-workout meal due to their rich protein content

Category-wise Outlook

Ice creams still retain their dominance in the ice cream and frozen dessert market with people purchasing these products from supermarkets and hypermarkets.

Ice Creams Top the Indulgent Frozen Desserts’ Charts Again

Despite the advent of numerous desserts in various tastes, flavors, and textures, ice creams still make up the majority share by holding 87.30% of the global market.

Attributes	Details
Type	Ice Cream
Market Share (2024)	87.30%

• Ice creams have been consumed by people across the world since the beginning of time. This familiarity with ice creams makes them practically irreplaceable.
• As compared to other frozen desserts, ice creams are also considered more stress relieving and comforting.
• Low costs, easy availability, and varied options also have placed ice creams in the driver’s seat when it comes to the ice cream and frozen dessert market.

People are still Preferring Hypermarkets over Online Platforms for their Sweet Tooth Cravings

Hypermarkets/supermarkets account for 56.90% of the overall ice cream and frozen dessert market when it comes to distribution channels.

Attributes	Details
Distribution Channel	Hypermarket/Supermarkets
Market Share (2024)	56.90%

• Supermarket shopping offers more convenience when it comes to shopping for ice creams and desserts as consumers can take a brief look at the product’s ingredient list and nutritional values.
• Supermarkets also place frozen desserts and ice creams at strategic positions to entice consumers into buying these at the last moment
• Greater discounts and offers by supermarkets also attract consumers to buy large portions of ice creams and frozen desserts instead of bite-sized portions.

Country-wise Analysis

India remains one of the lucrative markets for ice creams and frozen desserts due to the country’s love for dairy products while people in other countries such as the United States and Germany are more into gourmet and premium frozen dessert products.

Countries	CAGR (2024 to 2034)
India	8.20%
Germany	7.00%
Japan	4.70%
The United States	4.10%
China	3.50%

Country’s Love for Milk-based Desserts Drives Market Growth

For the forecast period of 2024 to 2034, the Indian ice cream and frozen dessert market is projected to expand at a CAGR of 8.20%.

• For centuries, Indians have been devouring dairy-based desserts due to the country’s rich production of milk, especially in the Upper Ganga Belt
• The White Revolution and the emergence of numerous companies after that have also helped the market grow in the country.
• These companies have penetrated every nook and corner of the country making ice cream and frozen desserts a must-haves in every Indian household.

Gelato and ‘Eis am Stiel’, Germany’s Ice Cream Favourites

The market is expected to register an outstanding CAGR of 7.00% in Germany over the period from 2024 to 2034.

• Just like India, Germany also has a long tradition going back to the 19th century of consuming ice creams and frozen desserts
• The fusion of Italo-German gelato and ‘eis am stiel’, also known as ‘ice cream on a stick’, is also influencing ice cream consumption in the country
• The presence of gourmet ice cream parlors such as Snuten Lekker, Eiscafe Luigi Amarone, Eiscafe am Hafen, Gelateria Gino, etc. are also helping the per capita consumption of ice creams to surge in Germany.

Non-dairy Frozen Desserts Have the Japanese People's Heart

The Japanese market for ice cream and frozen desserts is set to grow at a modest CAGR of 4.70% for 2024 to 2034.

• According to the National Center for Biotechnology Information, 19% of the Japanese population suffers from milk intolerance. This presents immense opportunities for non-dairy frozen desserts in the country
• Local ice cream parlors are experimenting with their products on the lines of Kakigori, a dessert made from unflavored ice and fruit syrups, which is one of the most consumed frozen desserts in the country.
• The affluent population and an enormous number of convenience stores in the country also create a perfect recipe for the growth of the Japanese ice cream and frozen dessert market.

Unconventional Flavors to Shape the Market in the United States

The United States market for ice creams and frozen desserts is expected to follow an upward trajectory with a weary CAGR of 4.10%.

• The United States is home to a considerable number of people dealing with chronic diseases such as diabetes, obesity, and hypertension.
• This indeed means that people in the United States opt for probiotic yogurts and sugar-free ice creams to help them maintain their weight.
• The United States’ brands keep coming regularly with unconventional yet delicious flavors such as salty pretzels, potato chips, bagels, or yuzu, to help their company stand out on the grocery store shelves.

Chinese Appetite for Artisanal Ice Creams to Amplify Per Capita Consumption

The Chinese ice cream and frozen dessert market is set to grow at a CAGR of 3.50% through 2034.

• China, in the year 2015, surpassed the United States in the overall consumption of ice creams and frozen desserts.
• The development of artisanal and DIY ice cream parlors, in the country played a huge contribution to this growth.
• Consumption has also increased due to the rising temperatures and long summers in the central part of the country.

Competitive Landscape

Ice creams and frozen desserts have become part of the everyday lives of the general population. The marketplace is filled with international and domestic brands fighting for dominance. The emergence of local and artisanal ice cream parlors has also diverted the consumer base substantially.

Some of the most prominent companies in the market for ice cream and frozen desserts are Baskin-Robbins, Nestle SA, Unilever, Danone Groupe SA, Ben & Jerry's Homemade Holdings Inc., Cielo USA, Breyers Ice Cream, Casper’s Ice Cream, etc. These companies have a loyal consumer base due to their prolonged presence in the market.

With more and more people becoming increasingly aware of their dietary habits, the sales of probiotic yogurts and low-calorie frozen desserts are also very likely to experience a surge. Brands are also focusing on premium branding and aesthetic packaging of ice creams to lure the millennial population into buying ice creams for their indulgent cravings.

Recent Developments

• In March 2024, Oreo unveiled a new line of mint-flavored frozen treats, including bars, sandwiches, and a scoopable tub. Inspired by mint Oreo cookies, these products feature a sweet mint creme-flavored frozen dairy dessert with Oreo cookie pieces mixed in.
• In February 2024, Katoomba Global Foods expanded into frozen desserts with the launch of a premium Indian kulfi ice cream range. The dense dessert, featuring Australia-made kulfi infused with India's Parle G biscuits, offered a unique fusion to dessert enthusiasts.
• In May 2023, Häagen-Dazs introduced oat-based, vegan-certified frozen desserts in Canada, produced locally in London, Ontario. Nestlé Canada's marketing VP Juliane Trenholme emphasized the creamy texture and indulgent flavors, appealing to consumers seeking plant-based options without compromising taste.
• In July 2023, rapper Snoop Dogg and Happi Co. launched Dr. Bombay Ice Cream, inspired by his NFT character, in 3,500 Walmart stores. Priced at D4.98 each, the line boasted seven flavors, including Bonus Track Brownie and Tropical Sherbet Swizzle.
• In January 2024, Oatly and Carvel partnered to offer dairy-free options nationwide. Oatly introduced products in 18 states, including strawberry soft serve, cookies and cream, chocolate peanut butter, flying saucer sandwiches, and frozen dessert cakes, providing consumers a dairy-free Carvel experience.

Key Companies

• Baskin-Robbins
• Nestle SA
• Unilever
• Danone Groupe SA
• Ben & Jerry's Homemade Holdings Inc.
• Cielo USA
• Breyers Ice Cream
• Casper’s Ice Cream
• Graeter’s Ice Cream
• Kraft Foods Group Inc.

Key Coverage in the Potato Flake Industry Report

• Ice Cream and Frozen Dessert Industry
• Trends in the ice cream and frozen dessert market
• Emerging trends in gelato and sorbet
• Impact of artisan ice cream on the market
• Market value for ice cream and frozen desserts
• Frozen confections market

Key Segments Covered in the Ice Cream and Frozen Dessert Industry Analysis

By Type:

• Frozen Yogurt
• Frozen Cakes
• Ice Cream
• Others

By Distribution Channel:

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

Frequently Asked Questions

How much is the Ice Cream and Frozen Dessert Market Currently Worth?

The Ice Cream and Frozen Dessert market is expected to be worth US$ 138.30 billion by 2024.

What is the Sales Forecast for Ice Cream and Frozen Desserts through 2034?

The Ice Cream and Frozen Dessert market is expected to reach US$ 283.90 billion by 2034.

At what rate is the Ice Cream and Frozen Dessert Market growing?

The Ice Cream and Frozen Dessert market is growing at a CAGR of 7.50% from 2024 to 2034.

Which are the key Companies in the Ice Cream and Frozen Dessert Market?

Baskin-Robbins, Nestle SA, Unilever, Danone Groupe SA, Ben & Jerry's Homemade Holdings Inc., Cielo USA, Breyers Ice Cream, Casper’s Ice Cream, etc., are some of the major players in the global Ice Cream and Frozen Dessert market.

What was the overall Value of the Ice Cream and Frozen Dessert Market in 2023?

The valuation for the global Ice Cream and Frozen Dessert market in 2023 was US$ 124.72 billion.