The U.S. Frozen Dessert Market size is expected to
reach USD 46.39 billion by 2030, according to a new report by Grand View
Research, Inc. It is expected to expand at a CAGR of 4.6% from 2022 to 2030.
The increasing prevalence of convenient snacking among U.S. consumers is paving
way for frozen desserts, including ice creams and yogurt, which
is driving the market in the country. Further, growing consumer awareness
regarding a healthy lifestyle and following various diets recommending
low-sugar intake is expected to drive the demand for vegan frozen novelties.
Key players in the country are launching
products in response to the increasing demand for desserts. For instance, in
October 2019, Frill, a brand of Zendegii Frill Ltd., launched its first whole
fruit and vegetable-based, a dairy-free frozen dessert made with whole fruits,
vegetables, and natural ingredients such as cinnamon and elderflower. The
product claims to be vegan, gluten-free, non-GMO, kosher, and paleo
diet-friendly.
The ice-creams product segment held the
largest revenue share in 2021. The growing trend of snacking among consumers,
especially millennials, due to time constraints is driving the demand for the
segment in the U.S. According to the National Frozen & Refrigerated Foods
Association, May 2019 report, 44% of millennials and 32% of baby boomers snack
at least three times a day at home. Furthermore, the availability of ice creams
in various flavors, such as vanilla, chocolate, and strawberry, will
bolster the market growth in the forecast period.
The retail distribution channel segment is
predicted to witness the fastest growth over the forecast period. The
increasing penetration of independent retail giants such as Walmart and Costco
is boosting product visibility and attracting a larger consumer base. Consumers
prefer to physically verify these products before buying, which is driving the
sales of frozen desserts through this channel. For instance, Amy’s Kitchen
offers frozen foods including frozen desserts across supermarkets in the U.S.
Major players in the U.S. market include a
combination of a few established players and many small players. Players in
this market face intense competition from each other as some of them are among
the top manufacturers and have a large customer base for their products in both
regional and international markets.
Related Press Release@ U.S. Frozen Dessert Market Report
U.S. Frozen
Dessert Market Report Highlights
- California was the largest revenue-generating state
in 2021. New product launches have been contributing immensely to the wide
penetration of the market in this state
- The frozen yogurt product segment is projected to
register the fastest growth rate during the forecast period owing to its
taste
- The retail distribution channel segment is predicted
to emerge as the fastest-growing segment during the forecast period.
Increased frozen dessert offerings by restaurant chains in the U.S. is the
major factor driving the market
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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