Market Research ReportDec 2, 2022

Frozen Desserts Market

Frozen Desserts Market Research Report: Size, Share, Trend Analysis Product Type (Ice Cream, Yogurts, Cakes, Others), Category (Conventional, Sugar-Free), Distribution Channel (Non-Store-Based, Store-Based) and By Region (Asia Pacific, Rest of the World, Europe, North America) - Growth Outlook & Industry Forecast To 2026

Vertical: CFnBBase Year: 2019

Book Demo

Executive Summary

Frozen Desserts Market — Snapshot

Market Size (2019)
$70.53B
Projected (2026)
$102.91B
CAGR (2018–2026)
5.5%
Key Players
10+

The global frozen desserts market is expected to grow at a significant pace during the forecast period. The rising demand for artisanal ice cream and high consumption of frozen yogurt are the key drivers boosting the growth of the global frozen desserts market. However, fluctuating raw material prices and high production costs are expected to restrict the growth of the global market. The introduction of specialty frozen and refrigerated desserts and focus on e-commerce distribution channels are expected to create profitable growth opportunities for frozen dessert manufacturers during the forecast period.

Key Insight

The Frozen Desserts Market market is projected to grow at a CAGR of 5.5% from 2018 to 2026.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

Geographic Coverage: This analysis covers 4 regions: Asia Pacific, Rest of the World, Europe, North America.
Market Segmentation: The market is analyzed across 4 segments: Ice Cream, Yogurts, Others, Cakes. Forecasts are provided for each segment from 2018 to 2026.
Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

Frozen Desserts Market — Growth Trajectory

Frozen desserts are produced by freezing liquids, semi-solids, and sometimes even solids. Frozen desserts are referred to as desserts that need to be stored below the freezing point of water. If not, they can lose their taste and texture. Frozen desserts use vegetable fats such as edible vegetable oil or palm oil instead of milk fat, which makes them healthier with no cholesterol and lower saturated fat. Moreover, the scope of the report also includes refrigerated desserts. They are referred to as those desserts, which need to be stored above the freezing point such as pudding, custards, moose, and ice cream cake, among others.

Frozen Desserts Market — Growth Trajectory

Ice Cream

Yogurts

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

Product Type is broken down into: Ice Cream, Yogurts, Cakes, Others.
Category is broken down into: Conventional, Sugar-Free.
Distribution Channel is broken down into: Non-Store-Based, Store-Based.

Geographic Analysis

Regional market breakdown

Asia Pacific market size reached $23.35B in 2018 and is projected to reach $38.93B by 2026, growing at a CAGR of 6.6%.
Rest of the World market size reached $9.37B in 2018 and is projected to reach $14.64B by 2026, growing at a CAGR of 5.7%.

Europe market size reached $16.15B in 2018 and is projected to reach $23.38B by 2026, growing at a CAGR of 4.7%.
North America market size reached $18.07B in 2018 and is projected to reach $25.95B by 2026, growing at a CAGR of 4.6%.

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Research Methodology

Frozen Desserts Market — How We Researched This Market

Research Process

Wantstats analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and the current market position. Furthermore, the changing trends in segments and categories in each region are studied and estimated based on primary and secondary research.

Primary Research

Extensive primary research was conducted to gain a more in-depth insight into the market and industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five years.

Secondary Research

Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global frozen desserts market. It was also used to obtain critical information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and technology. For this study, analysts have gathered information from various credible sources such as annual reports, sec filings, journals, white papers, corporate presentations, company websites, international organizations, and paid databases.

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the overall global frozen desserts market. The key players in the market were identified through secondary research, and their market contributions in different applications across the globe were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Wantstats added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for the purpose of this study.

Base Year
2019
Historical Period
2018 – 2018
Forecast Period
2020 – 2026
Primary Interviews
150+

Research Process

Historical data (2018–2019) and forecast period (2019–2026)

Problem Definition

Market scoping
Objective setting
Framework design

Secondary Research

Literature review
Data mining
Trend analysis

Primary Research

Expert interviews
Field visits
Surveys

Data Analysis

Quantitative modeling
Statistical testing
Validation

Insights & Reporting

Synthesis
Recommendations
Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)

Forecast (modelled)

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Competitive Landscape & Porter's Five Forces

Frozen Desserts Market — Competitive Analysis

The global frozen desserts market is expected to grow significantly in the coming years due to the shift in consumer preference for healthy food items and increasing per capita disposable income. The global frozen desserts market is characterized by the presence of several regional and local suppliers. The market is highly competitive, with all the players trying to gain maximum market share. It is crucial for the players to offer cost-efficient and high-quality frozen desserts to succeed in an intensely competitive market environment.

Threat of New Entrants

The global frozen desserts market is highly competitive, with the presence of major players in the market. The presence of a large number of players in the market acts as a challenge for new entrants to establish their brand image. However, the escalating demand for innovative frozen dessert has made the market lucrative. Furthermore, the easy availability of raw materials and moderate cost of production attract new players to enter the global frozen desserts market. Additionally, the required working capital to run a frozen desserts business is not high, which also acts as a major driving factor for the increasing number of manufacturers in the global frozen desserts market.

Hence, the threat of new entrants in the global frozen desserts market is expected to be moderate.

Bargaining Power of Suppliers

Raw material suppliers for frozen desserts include manufacturers, distributors, importers, and independent suppliers of ingredients. Due to the availability of a large number of suppliers in local and international markets, the switching cost is low, which reduces the bargaining power of the suppliers. Moreover, the limited product differentiation of the raw materials further weakens the bargaining power of the suppliers.

Hence, the bargaining power of suppliers in the global frozen desserts market is expected to be low.

Bargaining Power of Buyers

The buyers are the major governing factor of the market. There is a large number of frozen dessert manufacturers in the global market, which increases product availability. The limited product differentiation reduces the switching costs for buyers. Moreover, the lack of brand loyalty among consumers increases the bargaining power of buyers. The buyer concentration is high and the consumers highly price sensitive.

Hence, the bargaining power of buyers in the global frozen desserts market is expected to be high.

Threat of Substitutes

There are no close substitutes to the frozen desserts market. However, the changing consumer preferences would shift consumer interest from one product type to another among the different varieties of frozen desserts market. Moreover, growing health consciousness is influencing consumers to opt for alternatives with lower caloric value and higher nutritional value than conventional frozen desserts in the global market. Thus, there are internal product substitutions and no direct substitute available for frozen desserts.

Hence, the threat of substitutes in the global frozen desserts market is expected to be low.

Intensity of Rivalry

The global frozen desserts market is fragmented with the presence of several large market players. There is a high level of competition among the market players in terms of product quality and variety. The growing demand for frozen desserts provides an opportunity for the players to emphasize innovation and product quality to expand their customer base. Thus, the manufacturers are focusing on launching new and innovative flavors, and various strategic partnership plans to strengthen their distribution network globally and survive in the competitive market.

Hence, the intensity of rivalry in the global frozen desserts market is expected to be high.

Quantitative Analysis

Regional Breakdown

Regional market breakdown for Frozen Desserts Market.

Regional Market Size (USD Mn)

Market estimates by geography (2026)

Asia Pacific$38.93B

Rest of the World$14.64B

Europe$23.38B

North America$25.95B

USD Mn

InsightAsia Pacific leads with $38.93B by 2026.

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Regional Market Data

REGION	2018	2019	2026	CAGR	SHARE
Asia Pacific	$23.35B	$29.81B	$38.93B	6.6%	38%
Rest of the World	$9.37B	$11.64B	$14.64B	5.7%	14%
Europe	$16.15B	$19.20B	$23.38B	4.7%	23%
North America	$18.07B	$21.42B	$25.95B	4.6%	25%
Total	$66.94B	$82.07B	$102.91B	5.5%	100%

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Segment Revenue (2026)

Ice Cream

Yogurts

Others

Cakes

019395877

Ice Cream67%
Yogurts30%
Others2%
Cakes1%

Total Market Size

$102.91B

Market by Segment (2026)

APPLICATION	REVENUE ($B)	GROWTH RATE	MARKET PENETRATION
Ice Cream	$69.43B	5.4%	67%
Yogurts	$30.52B	5.9%	30%
Others	$1.88B	5.1%	2%
Cakes	$1.07B	4.8%	1%

* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.

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Analytics

Frozen Desserts Market — Key Findings

Analytical insights on Frozen Desserts Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The Frozen Desserts Market market is projected to reach $102.91B by 2026, growing at 5.5% CAGR. The Ice Cream segment holds the largest share.

Market Dynamics

The global frozen desserts market is expected to grow at a rapid pace during the review period. The growth of the global frozen desserts market can be attributed to various factors. High consumption of frozen yogurt among the health-conscious population is contributing tremendously to the growth of the global frozen desserts market. Rising demand for artisanal ice cream, followed by a growing number of specialty stores is also boosting the market growth. Additionally, the introduction of specialty frozen desserts is expected to positively influence the expansion of the market during the forecast period. However, the rising prevalence of health conditions such as diabetes and lactose intolerance is likely to hamper market growth during the review period.

Market Drivers

The popularity of artisanal ice cream is increasing as it is available in unique flavors with natural ingredients and is hand-crafted. Artisanal ice cream manufacturers avoid the use of artificial flavors and ingredients, thereby offering food safety to health-conscious consumers. Furthermore, artisanal ice cream manufacturers create unique natural flavor combinations that are driving the market growth. For instance, Humphry Slocombe, a San Francisco ice cream company, offers turmeric-infused honey milk ice cream with chocolate chip gingerbread and candied ginger.

Consumer preferences have been changing from single-flavor and traditional ice cream flavors such as vanilla, strawberry, and chocolate to unique flavor blends offered by market players across the globe. The manufacturers also provide cross-category innovation, such as bringing confection or bakery into ice cream or bringing multiple brands together, such as the Breyers 2in1 ice cream by Unilever PLC. Moreover, the inclusion of added functional ingredients such as probiotics, proteins, fiber, and CBD, among others, also grabs the attention of the consumers towards the consumption of artisanal ice cream. One such example is Van Leeuwen Artisan Ice Cream's Vegan Couch Potato, which contains approximately 5 milligrams of CBD in each scoop. Thus, increasing sales of artisanal ice cream will drive the growth of the overall global frozen desserts market.

Market Opportunities

The rising health concerns due to conventionally made food products are giving rise to a demand for natural and organic ingredients in the food products. Consumers are self-motivated to switch to green-label products owing to the severe health issues caused by artificial flavors in food products. Due to the use of artificial additives to simulate flavors such as mint, citrus, and cinnamon, the US Food, and Drug Administration (FDA) have removed seven synthetic flavoring substances, benzophenone, ethyl acrylate, eugenyl methyl ether, myrcene, pulegone, and pyridine, from the list of allowed additives in ice cream. The growing demand for organic frozen desserts is, thereby, expected to offer lucrative opportunities to market players during the forecast period.

Similarly, the increasing adoption of veganism and the growing prevalence of lactose intolerance are fueling the demand for vegan and lactose-free desserts, especially ice cream and frozen yogurt. Market players can modify their production methods to include plant-based ingredients, such as soy and nut milk, to cater to this growing customer base. Also, the high prevalence of obesity has shifted consumer preference to low-calorie and sugar-free products, which influences the market players in the introduction of specialty frozen desserts. For instance, McConnell’s Fine Ice Creams launched a dairy-free frozen dessert in 2018 that uses pea protein. McConnell’s dairy-free dessert also claims to be low in fat and sugar, cholesterol-free, and non-GMO. Moreover, in 2018, Danone SA launched a line of probiotic vegan yogurts from its popular Light & Fit brand.

Market Restraints

The primary ingredient for most of the frozen desserts is milk. The fluctuating prices of milk act as a major restraint for the market growth as it affects the prices of the end product. For instance, the below table shows the comparison of milk prices in the US monthly for two years 2018, and 2019 is given below.

The above figure depicts the fluctuating prices of milk in the European Union. The average prices were in the range of 22-28 ppl during 2016 and it increased suddenly at the start of 2017. The figure also shows the comparison of milk prices between the years 2016 and 2019.

Moreover, the increasing health awareness among the consumers and the inclination of the manufacturers towards the production of specialty frozen desserts have highly impacted the production cost. Specialty frozen desserts are generally priced high due to the use of quality ingredients, and time-consuming production process. The use of all-natural ingredients in frozen desserts such as milk, butter, eggs, fruits, and real cream makes it a highly popular and trending alternative to conventional desserts. Moreover, specialty frozen desserts are healthier than mass-produced conventional frozen desserts since market players are required to follow the guidelines set by the US Department of Agriculture (USDA) and the European Commission (EU). For instance, according to USDA, ice cream must weigh at least 4.5 pounds/gallon and contain at least 10% fat from milk for artisanal ice cream.

Furthermore, artisanal ice cream is made in batches, unlike regular ice cream, where hundreds of gallons are produced at a time. This requires labor, energy, and time, thereby increasing production costs. Commercial producers make ice cream using continuous freezers, while artisanal makers use batch freezers where production is limited to a set amount. The batch production process is necessary for the continuous monitoring and maintenance of high-quality standards of frozen desserts. These factors contribute to the high cost of the final product, which is expected to hinder the growth of the global frozen desserts market during the forecast period.

Market Challenges

Most of the frozen desserts have a high content of ingredients that affect cardiovascular health, leading to issues such as high cholesterol and diabetes. They are high in saturated fats, which can increase cholesterol levels and the risk of type 2 diabetes. Furthermore, the high sugar content in most of the frozen desserts may contribute to weight gain and impact glucose levels, thereby resulting in diabetes. High sugar levels in the human diet can lead to health issues such as diabetes, obesity, non-alcoholic fatty liver, and heart disease. Also, the inclusion of dairy milk in the preparation of desserts imposes a threat to the lactose-intolerant population. These factors associated with the frozen desserts hamper market growth. However, growing awareness among consumers regarding the health issues caused by these ingredients has given rise to safer alternatives such as organic, dairy-free, and low-sugar ice cream. Due to several government initiatives to limit the use of harmful ingredients, market players have modified production methods to produce frozen desserts with a focus on health. For instance, in 2019, Jeni's Splendid Ice Creams launched dairy-free ice cream across the US.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Market Value by Segment (2026)

Value (USD Mn)

Ice Cream

Yogurts

Others

Cakes

Companies

Key companies profiled in Frozen Desserts Market

Profiles of 106 companies operating in the Frozen Desserts Market market, including revenue, employee count, and market positioning where available.

Region

Industry

Founded Year

Showing 106 of 106 companies

DD IP Hold

DD IP Holder LLC

Food & Beverages

Company Headquarters: Massachusetts, US Founded: 2004 Workforce: ~1,107 Company Working: DD IP Holder LLC (DD) is one of the world’s leading franchisors of quick-service restaurants (QSRs) serving hot and cold coffee & baked goods, as well as hard serve ice creams. The company franchise restaurants under its well-known brands, Dunkin’ and Baskin-Robbins. DD has more than 20,900 distribution centers in over 60 countries globally. It has 12,900 Dunkin’ restaurants and over 8,000 Baskin-Robbins restaurants. DD also utilizes a multi-franchise system in the UK, Germany, China, and Mexico. Additionally, it has a joint venture with a publicly-traded company for the Baskin-Robbins brand in Japan and joint ventures with local companies in Australia for the brand and in South Korea for both the Dunkin’ and Baskin-Robbins brands.

Kellogg Company

Company Headquarters: Michigan, US Founded: 1906 Workforce: ~31,000 Company Working: Kellogg Company (Kellogg), together with its subsidiaries, manufactures and markets ready-to-eat cereals and convenience foods. The company owns brands such as Kellogg’s, Cheez-It, Pringles, Austin, Parati, and RX BAR. Also, the company sales its frozen products under the brand Eggo and Morningstar. The company has manufacturing facilities in 21 countries and a distribution network in more than 180 countries. It has the major presence across North America, Europe, and Asia Pacific Kellogg provides its potato chips under the Pringles brand. The company has R&D center at Michigan named W.K. Kellogg Institute for Food and Nutrition Research and other few locations. The geographic segments include North America (U.S. businesses and Canada); Europe; Latin America (Central and South America and Mexico); and AMEA (Asia Middle East Africa)

Company Headquarters: Senningerberg, Luxembourg Founded: 1946 Workforce: NA Company Working: Ferrero is a family-owned company and a leading manufacturer of branded chocolate and confectionery products. Its brands include Nutella, Tic Tac, Ferrero Rocher, Kinder, Raffaello, and Surprise. It supplies its products in more than 170 countries across the world.

Senningerberg, Luxembourg

Dairy Quee

Dairy Queen

Food & Beverages

Company Headquarters: Minneapolis, Minnesota, US Founded: 1940 Workforce: 2,055 Company Working: Dairy Queen is a leading multinational chain of soft-serve ice cream and fast-food restaurants. It is owned by International Dairy Queen, Inc., a subsidiary of Berkshire Hathaway. International Dairy Queen Inc. develops, licenses, and services its more than 6,400 Dairy Queen, Orange Julius, and Karmelkorn stores in the US, Canada, and over 25 other countries.

Minneapolis, Minnesota, US

London Dai

London Dairy Co. Ltd

Food & Beverages

Company Headquarters: UK Founded: NA Workforce: NA Company Working: London Dairy Co. Ltd is the leading ice-cream manufacturer. It produces and delivers premium ice cream products across the GCC, South Asia, and North Africa. London Dairy has its presence in more than 30 countries across the world.

United States, North America

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About the Author

Food & Beverages Research Team

Food & Beverages

Wantstats' food and beverage analysts wrote this report from primary sources — retail data, ingredient sourcing trends, and direct conversations with people in the industry. Every figure has been checked against proprietary datasets and reviewed internally before release.

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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

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R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Frozen Desserts Market

Frozen Desserts Market Research Report: Size, Share, Trend Analysis Product Type (Ice Cream, Yogurts, Cakes, Others), Category (Conventional, Sugar-Free), Distribution Channel (Non-Store-Based, Store-Based) and By Region (Asia Pacific, Rest of the World, Europe, North America) - Growth Outlook & Industry Forecast To 2026

Starting from

$4,950

Frozen Desserts Market

Key Insight

Market Performance Trend

Market Scope & Coverage

What this report covers

Frozen Desserts Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

Frozen Desserts Market — Competitive Analysis

Regional Market Data

Segment Revenue (2026)

Segment Market Share

Market by Segment (2026)

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Market Challenges

Strategic Outlook and Future Directions

Market Value by Segment (2026)

About the Author

Food & Beverages Research Team

Market Performance Trend

Frozen Desserts Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

Frozen Desserts Market — Competitive Analysis

Regional Market Data

Segment Revenue (2026)

Segment Market Share

Market by Segment (2026)

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Market Challenges

Strategic Outlook and Future Directions

Market Value by Segment (2026)

About the Author

Food & Beverages Research Team

Save over 20% on
Annual Subscription

Save over 20% on
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