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The Dairy Desserts Market size is projected to increase by USD 1.32 Billion and grow at a CAGR of 5.08% between 2023 and 2028. The market witnesses growth propelled by an increase in product launches, enticing consumers with new variants of frozen desserts like Gelato and Mango Sorbet. This trend encourages purchases, stimulating market expansion. Concurrently, players are expanding offerings of dairy desserts, enhancing production capacity through new manufacturing plants or upgraded machinery.
Notably, Nestle SA opened a new R&D center for Latin America, while Unilever partnered with ASAP for ice cream delivery expansion. These initiatives broaden product reach and customer base, fostering market growth in offerings such as Lemon Mousse and Strawberry Shortcake during the forecast period.
The Dairy Desserts Market forecast report shows an Accelerate CAGR during the forecast period.
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The distribution channel through offline mode plays an important role in providing accessibility to customers across regions. The offline distribution channel includes specialty stores, hypermarkets, supermarkets, convenience stores, and department stores. The revenue of the offline distribution channel declined gradually over the years because of a high preference for online shopping. Although Online platforms may provide dairy products to customers, they would have a shelf life and many other factors that may affect the customers in the longer run. Thus, many players reflect their commitment to making dairy dessert offerings accessible to customers around the world and ensuring continued growth during the forecast period.
The market share growth by the yogurt segment will be significant during the forecast period. Yogurt is one of the popular dairy products and is made by the bacterial fermentation of milk. It can be made from all types of milk. Fat-free yogurts are made from skim milk, and full-fat yogurts are made from whole milk. The increasing awareness of the health benefits of yogurt in controlling osteoporosis and irritable bowel syndrome contributes to its growing consumption globally.
The yogurt segment was valued at USD 2.90 Billion in 2018.
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Yogurt is a convenient, healthy option for snacks in many countries worldwide. Most companies in the market offer yogurts in various flavors. For example, in August 2021, Danone SA (Danone) launched its new plant-based yogurt, Silk Greek yogurt. The product was launched in four flavors, namely blueberry, strawberry, lemon, and vanilla. Hence, such product launches are drawing a sizable customer base of people who are embracing healthy lifestyles, thereby propelling growth during the forecast period.
Europe is estimated to contribute 34% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe is one of the biggest producers of dairy alternatives. As customers move to a healthier diet, they prefer and consume dairy-products made from plants. Almond milk, Soy milk, coconut milk, and other plant-based beverages are among the healthy sources of calcium, vitamins, and protein that are essential for daily life. The European players are focusing on creating and presenting a broad range of plant-based dairy products.
Moreover, the private-label brands operating in the region are also focusing on expanding dairy-dessert production. For example, Muller, Ltd. and Co. KG (Muller), after the expansion of its project in the UK in August 2023, expanded its portfolio by adding plant-based yogurt and rice pudding at the UK facility. In addition, the production and retail footprint expansion of such private-label brands increases the sales of dairy desserts in the region.
The market is driven by increased product launches, stimulating sales of frozen desserts like Hazelnut Gelato and Raspberry Ripple. Meanwhile, players expand dairy dessert offerings, bolstering production capacity through new plants or machinery upgrades. Notably, Nestle SA inaugurated an R&D center for Latin America, and Unilever partnered with ASAP for ice cream delivery expansion.
However, the growing demand for dairy-free desserts presents a challenge. KFC's introduction of vegan ice cream in China reflects this trend. Despite challenges, innovation in dairy-free desserts like Almond Milk Pudding offers growth opportunities during the forecast period.
The market growth is primarily fueled by the escalating frequency of product launches, showcasing an array of enticing options such as Flan, Milk Tart, and Blancmange in the domain of frozen desserts. This surge in offerings not only caters to diverse consumer preferences but also stimulates purchasing behavior, potentially amplifying sales figures for industry players. The advent of novel variants like Sundae and Peach Melba contributes significantly to this trend, offering consumers a broader spectrum of choices. Consequently, this dynamic landscape of innovation and diversity is poised to propel sustained market expansion throughout the forecast period.
The expansion of dairy dessert providers emerges as the key trend shaping market growth. Leading players are augmenting their production capacity through new manufacturing plants and upgraded machinery. For instance, Nestle SA established a new R&D center in Latin America to leverage global scientific resources for regional innovation.
Similarly, Unilever partnered with ASAP to facilitate ice cream delivery across 2000 locations, including expansion into New York's Tri-state area. These growth strategies enhance product accessibility and foster customer base expansion. Consequently, such initiatives are poised to drive sustained market growth throughout the forecast period.
Growing demand for dairy-free desserts is a challenge that affects market growth. The rising demand for dairy-free food products is attributable to factors such as the rising number of consumers with lactose prejudice and the growing consumption of dairy-free milk. Lactose-intolerant individuals their intake of dairy products, including dairy desserts, to avoid the issues with lactose intolerance. Many players operating in the market are also focusing on expanding their product offerings by launching dairy-free desserts.
For instance, in September 2021, KFC launched the vegan ice cream in China. Raised product launches in the dairy-free segment can be attributed to the rising consumer propensity to buy and consume such products. This will even enable more players to launch dairy-free variants of desserts. Therefore, the growing inclination for dairy-free desserts will increase the sales of such desserts and impede the growth of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market growth and trends report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Dairy Desserts Market is a treasure trove of culinary delights, offering a plethora of creamy confections to tantalize taste buds. From timeless classics like Cheesecake and Chocolate Mousse to sophisticated treats such as Tiramisu and Panna Cotta, the options are endless.
Milkshakes and Frozen Yogurt provide cool refreshment on hot summer days, while Sorbet and Sherbet offer fruity bursts of flavor. For those with a penchant for creamy textures, Custard Tart and Mousse Cake beckon with their luscious richness.
Fruit Yogurt Parfait and Yogurt Smoothie showcase the versatility of yogurt, offering a balance of sweetness and tanginess. Meanwhile, traditional favorites like Buttermilk Pudding and Milk Pie evoke nostalgia with every bite.
Innovative creations such as Yogurt Bark and Coconut Ice push the boundaries of dairy desserts, while Rice Cake and Semifreddo offer unique textures and flavors to elevate dessert experiences.
Whether you're craving the comforting warmth of Bread Pudding or the refreshing zing of Berry Trifle, the Dairy Desserts Market promises a symphony of sweetness to delight every palate
The market growth analysis forecasts market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Dairy Desserts Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.08% |
Market Growth 2024-2028 |
USD 1.32 Billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.78 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Royal FrieslandCampina NV, The Kraft Heinz Co., Unilever PLC, Conagra Brands Inc., DANA Dairy Group Ltd., Mondelez International Inc., Nestle SA, Chobani Global Holdings LLC, Unternehmensgruppe Theo Muller, Dodla Dairy Ltd., Siveele BV, Gujarat Cooperative Milk Marketing Federation Ltd., Iceland Foods Ltd., Turkey Hill Dairy, Becoolz Ice Creams and Frozen Desserts, Silver Pail Dairy, Coolhull Farm, General Mills Inc., Mother Dairy Fruit and Vegetable Pvt. Ltd., and Danone SA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market trends and analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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