Global Frozen Desserts Market 2017-2021
About Frozen Desserts
Frozen dessert is a product obtained by freezing:
- Liquids
- Semi-solids
- Sometimes even solids
The global packaged food market is currently growing at a high rate as consumers across the globe are getting inclined toward packaged food that is easy to cook and consume, convenient to handle, and safe from external tampering. Factors like changing lifestyles, convenience of consumption, and increased health awareness are the main factors driving the growth of the market. Changing lifestyle is opening new opportunities for packaged food manufacturers. For instance, within last few years, consumers have started considering breakfast as an important meal of the day, and this widespread emphasis of consumers on breakfast is driving the growth of the packaged food industry.
Technavio’s analysts forecast the global frozen desserts market to grow at a CAGR of 10.68% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global frozen desserts market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Press Release
Technavio Announces the Publication of its Research Report – Global frozen desserts market 2017-2021
Technavio recognizes the following companies as the key players in the global frozen desserts market: General Mills, Nestlé, Unilever, Wells Enterprises
Other Prominent Vendors in the market are: Andy's Frozen Custard, Ben & Jerry's, Chapman's, Ciao Bella, Dean Foods, Edward's (HERSHEY’S), Graeter’s, Kemps, Metropolitan Ice Cream, Mother Hen’s Healthy Food, Orange Leaf, PEPPERIDGE FARM, PIERRE'S ICE CREAM COMPANY, PRAIRIE FARMS DAIRY, Red Mango, Sara Lee (Hillshire Brands), SHERBUZZ, So Delicious Dairy Free, Stonyfield Farm, Talenti Gelato e Sorbetto, TCBY.com, The Meadows Original Frozen Custard, Turkey Hill Dairy, TUTTI FRUTTI FROZEN YOGURT, Weis Frozen Foods, and J&J Snack Foods (Whole Fruit).
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Innovation in packaging. Attractive and innovative packaging is gradually becoming best ways to entice new consumers and create a demand. Convenient, single serving or portable features along with attractive packaging are becoming important parameters for consumers to judge a brand and its product offerings.”
According to the report, one of the major drivers for this market is Fusion of flavors in frozen desserts. Taste is an important parameter for consumers to judge a brand; hence, players are concentrating on a variety of possibilities to enhance the flavor of their product offerings. Fusion of flavors in frozen desserts is gradually becoming popular among consumers, and many players are offering frozen desserts with a fusion of flavors.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in prices of major ingredients used in frozen desserts. The fluctuating prices of the primary ingredients used in frozen desserts is a major challenge to the growth of the market. For instance, in 2016, the global sugar prices increased owing to the impact of weather on the crop in India (the dry weather affected the crop) and Brazil.
Companies Mentioned
General Mills, Nestlé, Unilever, Wells Enterprises, Andy's Frozen Custard, Ben & Jerry's, Chapman's, Ciao Bella, Dean Foods, Edward's (HERSHEY’S), Graeter’s, Kemps, Metropolitan Ice Cream, Mother Hen’s Healthy Food, Orange Leaf, PEPPERIDGE FARM, PIERRE'S ICE CREAM COMPANY, PRAIRIE FARMS DAIRY, Red Mango, Sara Lee (Hillshire Brands), SHERBUZZ, So Delicious Dairy Free, Stonyfield Farm, Talenti Gelato e Sorbetto, TCBY.com, The Meadows Original Frozen Custard, Turkey Hill Dairy, TUTTI FRUTTI FROZEN YOGURT, Weis Frozen Foods, and J&J Snack Foods (Whole Fruit).
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