Asia Pacific Frozen Desserts Market

Asia Pacific Frozen Desserts Market Growth and Forecast (2023 - 2028):

Asia Pacific Frozen Desserts Market was worth USD 5.38 billion in 2022 and estimated to be growing at a CAGR of 2.8%, to reach USD 6.18 billion by 2028.

Market Overview:

Frozen desserts include products like ice-creams and frozen yogurt, which are mainly dairy and milk-based products. Ice cream is the most preferred dessert globally. Large number of flavours, variety, form, shape, colour, package, and regional consumer preferences are the main marketing factors for frozen desserts.

Drivers and Restraints:

Rising disposable income coupled with shifting consumer eating habits is expected to drive the demand for the market in the near future. Moreover, increasing availability of flavoured yoghurt especially in developing region is predicted to be a major factor supporting the growth of the market during the forecast period. A major restraint of the market is the increasing health concern among the people which hampers the growth of this market.

Asia Pacific Frozen Desserts Market Segmentation Analysis:

Asia Pacific Frozen Desserts Market is broadly categorized into product type, fat content and consumption. By product type the market is analyzed under sherbet, frozen yogurt, frozen ice cream, frozen tofu, frozen cakes, mousse and frozen novelties. Frozen ice cream is currently dominating this segment followed by yogurt and sherbet products. By fat content the market is classified under regular frozen desserts and low fat desserts. Regular frozen desserts account a major share of the market. By consumption the market is segmented into home, hotel and restaurants and dessert parlors.

Region Analysis:

On the basis of geography, the market is analysed under various regions namely China, India, Japan, Australia and South Korea.  Asia Pacific is expected to grow at the highest CAGR. China is expected to dominate the market in terms of Ice-cream and frozen dessert consumption followed by India. Moreover Japan is expected to show a substantial growth during the forecast period. Increasing consumption of flavoured yoghurt especially in countries such as China and Japan is predicted to support the growth of ice-cream and frozen dessert market across Asia Pacific region during forecast period.

Key Players in the Market:

Major key players in the Asia Pacific Frozen Desserts Market are

Some of the major players operating in the frozen dessert market include Baskin-Robbins, Nestle SA, Unilever, Danone Groupe SA, Ben & Jerry's Homemade Holdings Inc., Cielo USA, Kraft Foods Group Inc. among others.