Dairy Desserts Market by Product Type (Custard, Ice Cream, Mousse), Packaging Type (Bottle, Carton, Cup), Flavor, Distribution Channel - Global Forecast 2025-2032
Description
The Dairy Desserts Market was valued at USD 105.81 billion in 2024 and is projected to grow to USD 110.80 billion in 2025, with a CAGR of 4.61%, reaching USD 151.82 billion by 2032.
An incisive overview of dairy desserts that frames consumer drivers, operational pressures, and the strategic balance required for sustained competitive advantage
The dairy desserts category sits at the intersection of tradition and rapid innovation, shaped by shifting consumer tastes, advancing ingredient science, and evolving retail ecosystems. Across chilled counters and frozen aisles, producers refine textures, diversify formats, and rework formulations to meet demands for indulgence, functionality, and convenience. In parallel, supply chain pressures and trade policy shifts have prompted manufacturers to reassess sourcing and logistics, while retailers experiment with assortment strategies to capture both impulse and occasion-based purchases.
Moving forward, market participants will need to balance core strengths-brand heritage, scale manufacturing, and distribution reach-with nimble capabilities in product development and channel activation. Consequently, companies that align sensory quality with clear product narratives, supported by efficient production and distribution, will be better positioned to convert consumer interest into sustained preference. This introduction sets the stage for a deeper examination of structural changes, tariff implications, segmentation nuances, regional dynamics, competitive behaviors, and pragmatic recommendations for leaders aiming to secure competitive advantage in dairy desserts.
How changing consumer demands, packaging advances, and omnichannel distribution are reshaping product strategies and competitive positioning in dairy desserts
Dairy desserts are undergoing transformative shifts driven by converging forces in consumer preference, technology, and trade. Health-oriented formulations and transparent labeling now sit alongside indulgent offerings, creating a dual-path innovation landscape where reduced-sugar or protein-enhanced variants coexist with premium texture and flavor innovations. Meanwhile, advances in freezing and packaging technologies enable extended shelf life and improved sensory fidelity, which in turn open new distribution pathways and consumption moments.
Concurrently, digital channels have altered route-to-consumer dynamics, enabling direct engagement, targeted promotion, and rapid product testing without the full cost of national retail listings. These shifts compel manufacturers to rethink portfolio architecture and promotional mechanics. Companies that integrate consumer insights with agile production and omnichannel distribution will move from reactive product launches to strategically sequenced innovations that sustain momentum. As a result, the landscape now rewards organizations that invest in modular manufacturing, cross-functional data capabilities, and partnerships that accelerate time-to-shelf for differentiated products.
An evidence-based assessment of how the United States tariff changes in 2025 are reshaping sourcing choices, pricing approaches, and supply chain resilience for dairy desserts
The United States tariff adjustments announced for 2025 have introduced a new set of trade and sourcing considerations for dairy dessert producers and their suppliers. These measures have increased scrutiny of ingredient origin, input cost volatility, and border-related administrative burdens, prompting firms to re-evaluate supplier portfolios and explore alternative sourcing routes. In practice, companies are responding by diversifying procurement strategies, negotiating longer-term contracts to stabilize input flows, and selectively shifting production to jurisdictions with favorable trade treatment or logistical advantages.
Beyond sourcing, the tariff environment influences pricing strategies and channel prioritization. Retailers and manufacturers face trade-offs between absorbing cost pressures to protect volume and passing through increases in ways that maintain perceived value. Meanwhile, some firms accelerate reformulation efforts to reduce reliance on tariff-exposed ingredients, substituting with locally sourced components where feasible. In aggregate, these adjustments affect product mix decisions, inventory management, and cross-border distribution planning. As traders and manufacturers adapt, strategic agility and resilient supplier relationships become critical to preserving product continuity and brand trust in the face of sustained trade policy uncertainty.
Segment-level intelligence that clarifies how product formats, distribution pathways, packaging choices, and flavor platforms determine opportunity and operational focus
A nuanced understanding of segmentation underpins effective portfolio and go-to-market decisions in dairy desserts. Product-type distinctions are central: custard, ice cream, mousse, pudding, and yogurt each possess distinct production requirements, shelf-life profiles, and consumption occasions. Within ice cream, full fat, low fat, and non-dairy variants demand different ingredient formulations and positioning strategies, while yogurt’s chilled and frozen formats target separate usage scenarios and logistic arrangements. These product-level subtleties dictate manufacturing flexibility, SKU rationalization, and sensory benchmarks that align with target audiences.
Distribution channels shape accessibility and purchase behavior. Convenience stores, foodservice, online retail, and supermarket hypermarket channels each present unique assortment expectations and margin structures, requiring tailored pack sizes, merchandising approaches, and promotional mechanics. Packaging type constitutes another strategic layer: bottle, carton, cup, and multipack formats influence cost-to-serve, shelf presence, and convenience positioning, thereby affecting consumer perception and channel fit. Finally, flavor profiles-Chocolate, Fruit, and Vanilla-drive base-rate consumer preference while also serving as platforms for premiumization and limited-time innovations. When segmentation elements are combined, they produce a matrix of opportunity and constraint that guides decisions on R&D prioritization, trade investment, and route-to-market allocation.
Regional dynamics and regulatory differences that compel tailored portfolio design, supply chain choices, and channel investment across major global markets
Regional dynamics materially influence strategic priorities and competitive tactics across global dairy dessert portfolios. In the Americas, demand patterns emphasize convenience, indulgence, and robust retail infrastructure, which favor multipack lines, impulse formats, and strong private-label competition. Retail partnerships and localized supply chains play a significant role in ensuring rapid restocking and promotional support. Conversely, Europe, Middle East & Africa exhibits considerable heterogeneity where regulatory frameworks, taste preferences, and trade corridors encourage diversified formulations and careful labeling, while cold-chain infrastructure investments support growth in premium chilled and frozen segments.
Asia-Pacific presents a distinct set of drivers, with rapid urbanization, rising middle-class consumption, and increasing penetration of modern retail and e-commerce channels enabling faster adoption of novel textures and flavor combinations. In addition, varying regulatory regimes and ingredient sourcing realities across these regions compel manufacturers to adopt flexible product architectures and adaptive logistics strategies. Taken together, regional differentiation underscores the need for tailored portfolio strategies that align manufacturing footprints, ingredient sourcing, and channel investments with local consumer expectations and regulatory environments.
Competitive dynamics driven by manufacturing scale, niche innovation, retail partnerships, and collaborative ecosystems that accelerate product development and market access
Competitive behavior in the dairy desserts category reflects a balance between scale-driven efficiency and agile innovation. Leading producers leverage manufacturing capacity, established retail relationships, and distribution networks to ensure category presence across chilled and frozen aisles. At the same time, smaller and mid-sized players frequently exploit niche positioning-such as non-dairy alternatives, artisanal flavor development, or functional enhancements-to capture incremental share and influence consumer perception. Collaboration between ingredient suppliers, co-manufacturers, and brand owners accelerates product innovation while enabling cost-effective experimentation.
Strategic alliances and private-label growth are reshaping competitive dynamics as retailers seek exclusive formulations and margin optimization. Moreover, digital-native brands and direct-to-consumer models increase pressure on incumbents to modernize marketing and data analytics capabilities. From a product perspective, investments in texture science, clean-label ingredient systems, and sustainable packaging differentiate offerings. Companies that pair operational excellence with a disciplined innovation pipeline can protect margins while responding to shifting consumer priorities. Ultimately, competitive success rests on the ability to integrate insights, scale manufacturing selectively, and cultivate partner ecosystems that amplify speed and relevance.
Actionable strategic priorities that align portfolio innovation, supplier resilience, packaging efficiency, and omnichannel execution to drive competitive performance
Industry leaders should adopt a pragmatic set of priorities that align product development, supply chain resilience, and channel activation with shifting consumer preferences. First, design product roadmaps that balance core indulgent SKUs with health-forward and non-dairy variants, sequencing launches to validate consumer response in targeted channels before scaling broadly. Second, reinforce supplier diversification and strategic stocking to mitigate tariff-driven volatility and maintain continuity of supply, while integrating clause-based contracting to manage cost pass-through and risk-sharing with partners.
Third, invest in packaging and cold-chain efficiencies that reduce cost-to-serve and improve in-home quality perception, while exploring lightweight or modular packaging solutions for online and convenience formats. Fourth, strengthen omnichannel capabilities by aligning assortment and pricing with the unique economics of convenience stores, foodservice, online retail, and supermarket hypermarket operations, thereby optimizing placement and promotional uplift. Finally, build analytics capabilities to translate consumer feedback, point-of-sale data, and trade promotion outcomes into faster iteration cycles, enabling organizations to shift resources quickly toward the most productive innovations and channels.
A mixed-methods research design combining primary stakeholder interviews, observational audits, and secondary document synthesis for validated, actionable insights
This research employed a mixed-methods approach that triangulated primary qualitative inputs with robust secondary intelligence to achieve balanced, actionable findings. Primary research included structured interviews with category managers, procurement leads, and R&D specialists, complemented by retailer and distributor consultations to capture practical trade-offs in distribution and assortment. These inputs were augmented by observational shelf audits and e-commerce assortment reviews to validate product positioning and pack architecture across formats.
Secondary research synthesized regulatory updates, industry whitepapers, and publicly available company disclosures to contextualize trade policy developments and ingredient sourcing trends. Data integrity was reinforced through cross-validation across multiple independent sources and consistency checks, while thematic analysis identified recurring patterns in innovation, channel dynamics, and competitive tactics. Where relevant, sensitivity testing and scenario analysis were used to stress-test strategic implications and to ensure recommendations remain robust across plausible operational conditions.
A forward-looking synthesis that underscores the imperative for resilient sourcing, disciplined innovation, and channel-aligned execution to capture durable advantage
In conclusion, dairy desserts continue to evolve under the combined pressure of consumer expectation shifts, technological advances in production and packaging, and changing trade dynamics. Companies that cultivate dual strengths-operational scale to protect margins and agile innovation to capture emerging occasions-will navigate this complexity most effectively. Tariff changes and supply chain volatility increase the premium on resilient sourcing and flexible manufacturing, while channel-specific strategies determine the speed and scale at which new products can capture consumer attention.
Looking ahead, the strategic imperative is clear: align product portfolios with differentiated sensory propositions and clear value narratives, invest in supply chain and packaging innovations that preserve quality and cost efficiency, and deploy omnichannel commercial models that deliver the right product, at the right price, in the right place. Organizations that pursue these priorities with disciplined execution and data-driven decision-making will be best positioned to turn disruption into sustained opportunity.
Note: PDF & Excel + Online Access - 1 Year
An incisive overview of dairy desserts that frames consumer drivers, operational pressures, and the strategic balance required for sustained competitive advantage
The dairy desserts category sits at the intersection of tradition and rapid innovation, shaped by shifting consumer tastes, advancing ingredient science, and evolving retail ecosystems. Across chilled counters and frozen aisles, producers refine textures, diversify formats, and rework formulations to meet demands for indulgence, functionality, and convenience. In parallel, supply chain pressures and trade policy shifts have prompted manufacturers to reassess sourcing and logistics, while retailers experiment with assortment strategies to capture both impulse and occasion-based purchases.
Moving forward, market participants will need to balance core strengths-brand heritage, scale manufacturing, and distribution reach-with nimble capabilities in product development and channel activation. Consequently, companies that align sensory quality with clear product narratives, supported by efficient production and distribution, will be better positioned to convert consumer interest into sustained preference. This introduction sets the stage for a deeper examination of structural changes, tariff implications, segmentation nuances, regional dynamics, competitive behaviors, and pragmatic recommendations for leaders aiming to secure competitive advantage in dairy desserts.
How changing consumer demands, packaging advances, and omnichannel distribution are reshaping product strategies and competitive positioning in dairy desserts
Dairy desserts are undergoing transformative shifts driven by converging forces in consumer preference, technology, and trade. Health-oriented formulations and transparent labeling now sit alongside indulgent offerings, creating a dual-path innovation landscape where reduced-sugar or protein-enhanced variants coexist with premium texture and flavor innovations. Meanwhile, advances in freezing and packaging technologies enable extended shelf life and improved sensory fidelity, which in turn open new distribution pathways and consumption moments.
Concurrently, digital channels have altered route-to-consumer dynamics, enabling direct engagement, targeted promotion, and rapid product testing without the full cost of national retail listings. These shifts compel manufacturers to rethink portfolio architecture and promotional mechanics. Companies that integrate consumer insights with agile production and omnichannel distribution will move from reactive product launches to strategically sequenced innovations that sustain momentum. As a result, the landscape now rewards organizations that invest in modular manufacturing, cross-functional data capabilities, and partnerships that accelerate time-to-shelf for differentiated products.
An evidence-based assessment of how the United States tariff changes in 2025 are reshaping sourcing choices, pricing approaches, and supply chain resilience for dairy desserts
The United States tariff adjustments announced for 2025 have introduced a new set of trade and sourcing considerations for dairy dessert producers and their suppliers. These measures have increased scrutiny of ingredient origin, input cost volatility, and border-related administrative burdens, prompting firms to re-evaluate supplier portfolios and explore alternative sourcing routes. In practice, companies are responding by diversifying procurement strategies, negotiating longer-term contracts to stabilize input flows, and selectively shifting production to jurisdictions with favorable trade treatment or logistical advantages.
Beyond sourcing, the tariff environment influences pricing strategies and channel prioritization. Retailers and manufacturers face trade-offs between absorbing cost pressures to protect volume and passing through increases in ways that maintain perceived value. Meanwhile, some firms accelerate reformulation efforts to reduce reliance on tariff-exposed ingredients, substituting with locally sourced components where feasible. In aggregate, these adjustments affect product mix decisions, inventory management, and cross-border distribution planning. As traders and manufacturers adapt, strategic agility and resilient supplier relationships become critical to preserving product continuity and brand trust in the face of sustained trade policy uncertainty.
Segment-level intelligence that clarifies how product formats, distribution pathways, packaging choices, and flavor platforms determine opportunity and operational focus
A nuanced understanding of segmentation underpins effective portfolio and go-to-market decisions in dairy desserts. Product-type distinctions are central: custard, ice cream, mousse, pudding, and yogurt each possess distinct production requirements, shelf-life profiles, and consumption occasions. Within ice cream, full fat, low fat, and non-dairy variants demand different ingredient formulations and positioning strategies, while yogurt’s chilled and frozen formats target separate usage scenarios and logistic arrangements. These product-level subtleties dictate manufacturing flexibility, SKU rationalization, and sensory benchmarks that align with target audiences.
Distribution channels shape accessibility and purchase behavior. Convenience stores, foodservice, online retail, and supermarket hypermarket channels each present unique assortment expectations and margin structures, requiring tailored pack sizes, merchandising approaches, and promotional mechanics. Packaging type constitutes another strategic layer: bottle, carton, cup, and multipack formats influence cost-to-serve, shelf presence, and convenience positioning, thereby affecting consumer perception and channel fit. Finally, flavor profiles-Chocolate, Fruit, and Vanilla-drive base-rate consumer preference while also serving as platforms for premiumization and limited-time innovations. When segmentation elements are combined, they produce a matrix of opportunity and constraint that guides decisions on R&D prioritization, trade investment, and route-to-market allocation.
Regional dynamics and regulatory differences that compel tailored portfolio design, supply chain choices, and channel investment across major global markets
Regional dynamics materially influence strategic priorities and competitive tactics across global dairy dessert portfolios. In the Americas, demand patterns emphasize convenience, indulgence, and robust retail infrastructure, which favor multipack lines, impulse formats, and strong private-label competition. Retail partnerships and localized supply chains play a significant role in ensuring rapid restocking and promotional support. Conversely, Europe, Middle East & Africa exhibits considerable heterogeneity where regulatory frameworks, taste preferences, and trade corridors encourage diversified formulations and careful labeling, while cold-chain infrastructure investments support growth in premium chilled and frozen segments.
Asia-Pacific presents a distinct set of drivers, with rapid urbanization, rising middle-class consumption, and increasing penetration of modern retail and e-commerce channels enabling faster adoption of novel textures and flavor combinations. In addition, varying regulatory regimes and ingredient sourcing realities across these regions compel manufacturers to adopt flexible product architectures and adaptive logistics strategies. Taken together, regional differentiation underscores the need for tailored portfolio strategies that align manufacturing footprints, ingredient sourcing, and channel investments with local consumer expectations and regulatory environments.
Competitive dynamics driven by manufacturing scale, niche innovation, retail partnerships, and collaborative ecosystems that accelerate product development and market access
Competitive behavior in the dairy desserts category reflects a balance between scale-driven efficiency and agile innovation. Leading producers leverage manufacturing capacity, established retail relationships, and distribution networks to ensure category presence across chilled and frozen aisles. At the same time, smaller and mid-sized players frequently exploit niche positioning-such as non-dairy alternatives, artisanal flavor development, or functional enhancements-to capture incremental share and influence consumer perception. Collaboration between ingredient suppliers, co-manufacturers, and brand owners accelerates product innovation while enabling cost-effective experimentation.
Strategic alliances and private-label growth are reshaping competitive dynamics as retailers seek exclusive formulations and margin optimization. Moreover, digital-native brands and direct-to-consumer models increase pressure on incumbents to modernize marketing and data analytics capabilities. From a product perspective, investments in texture science, clean-label ingredient systems, and sustainable packaging differentiate offerings. Companies that pair operational excellence with a disciplined innovation pipeline can protect margins while responding to shifting consumer priorities. Ultimately, competitive success rests on the ability to integrate insights, scale manufacturing selectively, and cultivate partner ecosystems that amplify speed and relevance.
Actionable strategic priorities that align portfolio innovation, supplier resilience, packaging efficiency, and omnichannel execution to drive competitive performance
Industry leaders should adopt a pragmatic set of priorities that align product development, supply chain resilience, and channel activation with shifting consumer preferences. First, design product roadmaps that balance core indulgent SKUs with health-forward and non-dairy variants, sequencing launches to validate consumer response in targeted channels before scaling broadly. Second, reinforce supplier diversification and strategic stocking to mitigate tariff-driven volatility and maintain continuity of supply, while integrating clause-based contracting to manage cost pass-through and risk-sharing with partners.
Third, invest in packaging and cold-chain efficiencies that reduce cost-to-serve and improve in-home quality perception, while exploring lightweight or modular packaging solutions for online and convenience formats. Fourth, strengthen omnichannel capabilities by aligning assortment and pricing with the unique economics of convenience stores, foodservice, online retail, and supermarket hypermarket operations, thereby optimizing placement and promotional uplift. Finally, build analytics capabilities to translate consumer feedback, point-of-sale data, and trade promotion outcomes into faster iteration cycles, enabling organizations to shift resources quickly toward the most productive innovations and channels.
A mixed-methods research design combining primary stakeholder interviews, observational audits, and secondary document synthesis for validated, actionable insights
This research employed a mixed-methods approach that triangulated primary qualitative inputs with robust secondary intelligence to achieve balanced, actionable findings. Primary research included structured interviews with category managers, procurement leads, and R&D specialists, complemented by retailer and distributor consultations to capture practical trade-offs in distribution and assortment. These inputs were augmented by observational shelf audits and e-commerce assortment reviews to validate product positioning and pack architecture across formats.
Secondary research synthesized regulatory updates, industry whitepapers, and publicly available company disclosures to contextualize trade policy developments and ingredient sourcing trends. Data integrity was reinforced through cross-validation across multiple independent sources and consistency checks, while thematic analysis identified recurring patterns in innovation, channel dynamics, and competitive tactics. Where relevant, sensitivity testing and scenario analysis were used to stress-test strategic implications and to ensure recommendations remain robust across plausible operational conditions.
A forward-looking synthesis that underscores the imperative for resilient sourcing, disciplined innovation, and channel-aligned execution to capture durable advantage
In conclusion, dairy desserts continue to evolve under the combined pressure of consumer expectation shifts, technological advances in production and packaging, and changing trade dynamics. Companies that cultivate dual strengths-operational scale to protect margins and agile innovation to capture emerging occasions-will navigate this complexity most effectively. Tariff changes and supply chain volatility increase the premium on resilient sourcing and flexible manufacturing, while channel-specific strategies determine the speed and scale at which new products can capture consumer attention.
Looking ahead, the strategic imperative is clear: align product portfolios with differentiated sensory propositions and clear value narratives, invest in supply chain and packaging innovations that preserve quality and cost efficiency, and deploy omnichannel commercial models that deliver the right product, at the right price, in the right place. Organizations that pursue these priorities with disciplined execution and data-driven decision-making will be best positioned to turn disruption into sustained opportunity.
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
197 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Functional dairy desserts fortified with high-quality proteins, probiotics, and superfoods to meet growing health and wellness demands
- 5.2. Portion-controlled single-serve dairy desserts featuring minimal added sugars and natural sweeteners to support balanced snacking
- 5.3. International flavor expansions incorporating Latin American, Asian, and Mediterranean influences in dairy dessert portfolios
- 5.4. Premium artisanal dairy dessert lines highlighting farm-to-spoon origin traceability and sustainable packaging innovations
- 5.5. Direct-to-consumer subscription models for curated dairy dessert assortments with customizable flavors and delivery frequency
- 5.6. Clean-label dairy desserts crafted with recognizable ingredients and free from artificial flavors, colors, and preservatives
- 5.7. Greek yogurt-based frozen treats enriched with extra protein and live cultures for post-exercise recovery and gut health
- 5.8. Heat-stable dairy dessert formulations optimized for performance in warm climates and extended shelf life without stabilizers
- 6. Cumulative Impact of United States Tariffs 2025
- 7. Cumulative Impact of Artificial Intelligence 2025
- 8. Dairy Desserts Market, by Product Type
- 8.1. Custard
- 8.2. Ice Cream
- 8.2.1. Full Fat
- 8.2.2. Low Fat
- 8.2.3. Non-Dairy
- 8.3. Mousse
- 8.4. Pudding
- 8.5. Yogurt
- 8.5.1. Chilled
- 8.5.2. Frozen
- 9. Dairy Desserts Market, by Packaging Type
- 9.1. Bottle
- 9.2. Carton
- 9.3. Cup
- 9.4. Multipack
- 10. Dairy Desserts Market, by Flavor
- 10.1. Chocolate
- 10.2. Fruit
- 10.3. Vanilla
- 11. Dairy Desserts Market, by Distribution Channel
- 11.1. Convenience Store
- 11.2. Foodservice
- 11.3. Online Retail
- 11.4. Supermarket Hypermarket
- 12. Dairy Desserts Market, by Region
- 12.1. Americas
- 12.1.1. North America
- 12.1.2. Latin America
- 12.2. Europe, Middle East & Africa
- 12.2.1. Europe
- 12.2.2. Middle East
- 12.2.3. Africa
- 12.3. Asia-Pacific
- 13. Dairy Desserts Market, by Group
- 13.1. ASEAN
- 13.2. GCC
- 13.3. European Union
- 13.4. BRICS
- 13.5. G7
- 13.6. NATO
- 14. Dairy Desserts Market, by Country
- 14.1. United States
- 14.2. Canada
- 14.3. Mexico
- 14.4. Brazil
- 14.5. United Kingdom
- 14.6. Germany
- 14.7. France
- 14.8. Russia
- 14.9. Italy
- 14.10. Spain
- 14.11. China
- 14.12. India
- 14.13. Japan
- 14.14. Australia
- 14.15. South Korea
- 15. Competitive Landscape
- 15.1. Market Share Analysis, 2024
- 15.2. FPNV Positioning Matrix, 2024
- 15.3. Competitive Analysis
- 15.3.1. Unilever PLC
- 15.3.2. Nestlé S.A.
- 15.3.3. Danone S.A.
- 15.3.4. Inner Mongolia Yili Industrial Group Co., Ltd.
- 15.3.5. General Mills, Inc.
- 15.3.6. Groupe Lactalis
- 15.3.7. Mengniu Dairy Company Limited
- 15.3.8. Fonterra Co-operative Group Limited
- 15.3.9. Dairy Farmers of America, Inc.
- 15.3.10. Royal FrieslandCampina N.V.
- 15.3.11. Gujarat Cooperative Milk Marketing Federation Ltd.
- 15.3.12. Dana Dairy Group Ltd.
- 15.3.13. Parmalat S.p.A.
- 15.3.14. Dean Foods Company
- 15.3.15. Emmi AG
- 15.3.16. Zott SE & Co. KG
- 15.3.17. Meiji Holdings Co., Ltd.
- 15.3.18. Baskin-Robbins LLC
- 15.3.19. Wells Enterprises, Inc.
- 15.3.20. Dippin’ Dots, LLC
- 15.3.21. Magnolia Inc.
- 15.3.22. Arla Foods Amba
- 15.3.23. Saputo Inc.
- 15.3.24. Schreiber Foods, Inc.
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