The U.S Frozen Desserts Market- Growth, COVID-19 impact and Forecast (2021-2025)
The U.S Frozen Desserts market is segmented by Product Type (Frozen yogurt, Ice cream, and Others); Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Speciality Stores, Online Retailer, Others); Type (Vegan and Dairy); Region (North America, Europe, APAC, ROW).
Introduction
Frozen desserts include ice cream, yogurt, and many others. They are referred to as deserts that are required to be stored below the freezing point of water. Frozen dessert utilizes vegetable fats like palm oil or edible vegetable oil in place of milk fat to make it healthy with low saturated fat and no cholesterol.
The emergence of gluten-free and low-fat products and increasing disposable incomes are driving the market growth. On the other hand, the stringent FDA regulations is likely to hamper the market demand.
Despite the current pandemic situation, the product manufacturers are recovering their operations in full capacities from 2021 beginning. Along with this, the demand for dairy-free desserts has increased during the lockdown due to the rise in consumption of healthy and vegan food products.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 US
10. Growth drivers
10.1 Growing demand for ice creams
10.2 Rising consumer spending on these desserts
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Unilever
15.2 Nestlé
15.3 Froneri International Limited
15.4 Blue Bell Creameries
15.5 Wells Enterprises
15.6 Windward Brands
15.7 Dairy Farmers of America
.15.8 DD IP Holder
15.9 Cold Stone Creamery
15.10 Tofutti Brands
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
U.S frozen desserts market is expected to grow to $70.00 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with 5.72% CAGR.
The ice cream and gelato product segment dominated the market in 2020.
The vegan segment is anticipated to be the fastest-growing segment due to rising adoption of veganism.
Key Trends
Lactose-free frozen ice cream is one of the emerging trends expected to propel the demand for the market in the coming years.
In recent times, the companies are extensively investing in improving the shelf life, and the storage facilities of these products is expected to create lucrative opportunities in the near future.
Key Market Players
Some of the key players in the market are Unilever, Nestlé, Froneri International Limited, Blue Bell Creameries, Wells Enterprises, Windward Brands.
The industry participants are adopting various strategies such as increasing their presence through expansions & acquisitions. This is mainly sustained in the competitive environment of the market.
Growth Drivers and Challenges
Growing demand for ice creams with more flavors and fat content along with sweetness and texture are driving the market demand.
Rising consumer spending on these desserts are also contributing to the market growth.