The global frozen desserts market, valued at USD 96.19 billion in 2024, is anticipated to reach USD 136.13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5% during the forecast period. This growth is driven by increasing consumer demand for convenient and indulgent food options, the introduction of innovative flavors, and the rising popularity of low-fat and non-dairy alternatives. Leading companies in the frozen desserts market include Archer Daniels Midland Company, Arla Foods amba, and Conagra Brands Inc. These industry leaders are actively engaging in product innovations, strategic partnerships, and mergers and acquisitions to strengthen their market positions. The Asia-Pacific region is experiencing significant growth in the frozen desserts market, driven by changing dietary habits, rapid urbanization, and increasing disposable incomes. China, in particular, holds the largest market share within the region, attributed to the rising demand for low-fat frozen yogurt and healthy food options. Vietnam's growing middle class and increasing consumer spending on indulgent food products present significant opportunities for the expansion of the frozen desserts market. Thailand is witnessing a surge in ice cream consumption, driven by the introduction of innovative flavors and the influence of Western dessert trends. Japanese consumers are increasingly seeking health-conscious frozen dessert options, leading to a rise in demand for low-fat and non-dairy products. South Korea's frozen dessert industry is experiencing consolidation, with companies engaging in mergers and acquisitions to enhance their product portfolios and market reach. Singapore's diverse culinary scene is witnessing an updation of dessert offerings, with an emphasis on premium and artisanal frozen desserts to cater to sophisticated consumer preferences. The U.S. market is experiencing increased demand for non-dairy frozen desserts, driven by the growing vegan population and lactose-intolerant consumers seeking plant-based alternatives. China's market is seeing a rise in premium frozen desserts, with consumers willing to pay a premium for high-quality ingredients and unique flavors. European consumers are increasingly favoring frozen desserts with sustainable packaging, prompting manufacturers to adopt eco-friendly materials and practices. In 2023, Lotte Confectionery merged with Lotte Foods to form Lotte Wellfood, aiming to unify and strengthen their food business, including the frozen desserts segment. In March 2022, Vadilal Enterprises unveiled new flavors for its Gourmet Natural ice cream line and launched a creative advertising campaign featuring the iconic Gulab Jamun Uncle, now recognized as Vadilal Ice Cream Uncle. The global frozen desserts market is segmented by product, including confectionary & candies, ice cream, frozen yogurt, and others. Key players in the market include Wells enterprise, Amul, Baskin Robbins LLC, ConAgra Foods, Danane, Ferrero Spa, General mills inc, London Dairy Co. ltd, Mother Dairy, Nestle SA, Unilever group, Cielo, Kraft foods group Inc., Bulla Dairy foods, and Dairy farmers of America.

Global Frozen Desserts Market to Reach USD 136.13 Billion by 2030

The global frozen desserts market is projected to grow from USD 96.19 billion in 2024 to USD 136.13 billion by 2030, driven by consumer demand for convenient and indulgent food options, the introduction of innovative flavors, and the rise of low-fat and non-dairy alternatives. Leading companies like Archer Daniels Midland, Arla Foods, and Conagra Brands are expanding their market positions through product innovations and strategic partnerships. The Asia-Pacific region, particularly China, is witnessing significant growth, while Vietnam and Thailand are also experiencing surges in ice cream consumption. The U.S. market is seeing increased demand for non-dairy options, and Europe is favoring sustainable packaging. Notable events include the 2022 merger of Lotte Confectionery and Lotte Foods to form Lotte Wellfood and Vadilal Enterprises' launch of new flavors and an advertising campaign featuring Gulab Jamun Uncle.