Dairy Desserts Market Analysis
The global dairy desserts market is anticipated to touch USD 1.7 billion at a 4.30 % CAGR between 2022- 2030, as per the recent analysis by Market Research Future (MRFR). Dairy-based desserts, simply put, are flavored ready-to-eat dairy products that are made from milk. These comprise milkshakes, custard, fudge, pudding, frozen yogurt, ice creams, and more. Taste of sweetness and nutrition has led to its immense popularity. Today, dairy desserts are available in various unique flavors and attractive colors to satiate the different taste buds.
Various factors are propelling the global dairy desserts market outlook. As per the latest MRFR report, such factors include the proliferation of variants and types of ready-to-eat dairy desserts, convenience and nutrition, expansion of franchise chains, demand for customized frozen yogurt, the introduction of new flavors, innovative packaging, improved functional ingredients, demand for ice cream amid all age groups, and the flourishing dairy industry. Besides, the burgeoning demand for frozen dairy desserts that have long-shelf-life such as yogurts and ice-creams that people are storing at home during the ongoing COVID-19 outbreak is also adding market growth.
On the contrary, a rise in health-conscious consumers may limit the growth of the global dairy desserts market growth over the forecast period.
Key Players
Key players in the dairy desserts market report comprise Dean Foods Company (US), FrieslandCampina N.V. (Netherlands), Parmalat S.p.A. (Italy), Royal , UNIPEX DAIRY PRODUCTS CO., LTD., P.O. (UAE), Danone S.A. (France), Grupo Leche Pascual SA (Spain), The Whitewave Foods Company (US), Nestlé SA (Switzerland), ), Lactalis International (France), Parag Milk Foods Ltd (India), Gujarat Cooperative Milk Marketing Federation Ltd. (India), Baskin-Robbins (US), Mother Dairy Fruit & Vegetable Pvt Ltd (India), Britannia Industries Limited (India), and Arla Foods Amba (Denmark).
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global dairy desserts market based on type, packaging material, and sales channel.
By type, the global dairy desserts market insights are segmented into sherbet, puddings, custard, yogurt, ice cream, and others. Of these, ice cream will lead the market over the forecast period. This will be followed by yogurt, which is predicted to have moderate growth.
By packaging material, the global dairy desserts market is segmented into paper, metal, plastic, glass, and others. Of these, the paper and plastic segment will dominate the market over the forecast period.
By sales channel, the global dairy desserts market is segmented into off-trade and on-trade. Of these, the off-trade segment will have a major share of the market over the forecast period. Meanwhile, the increasing dairy dessert consumption in bars and restaurants is likely to boost the growth of the on-trade segment.
Regional Analysis
Based on the region, the global dairy desserts market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific, and the Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. Increased dairy dessert consumption, resulting in increased milk and milk product production, is contributing to the global dairy desserts market's growth in the region. Australia and New Zealand have the largest shares in the region.
Europe is expected to have the second-largest share of the global dairy desserts market during the forecast period. The longstanding popularity of custards, yogurts, and ice creams is adding to the global dairy dessert market's growth in the region. Norway, the UK, and Italy have the largest shares in the region.
The global dairy desserts market in North America is expected to grow at a healthy rate during the forecast period. The US and Canada have a maximum share in the region.
Because of constant technological advances and innovations, the global dairy desserts market outlook in the RoW is expected to grow steadily over the forecast period. Brazil has the largest share in the region.
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