Know More About “U.S. Frozen Desserts Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.
The U.S. frozen desserts market size is
expected to reach USD 35.2 billion by
2025, expanding at a CAGR of 3.7%, according to a new report by Grand View
Research, Inc. Rising demand for healthy and nutritious frozen desserts has
been a major factor driving low-fat content desserts. In addition,
technological advancements in refrigeration and conveyor techniques have also
driven the industry growth in recent years.
Technology and innovation in the fields of flavors and
textures are the key driving factors of the industry in the U.S. Various companies
are working on technologically enhanced functional ingredient system to enhance
their flavors and expand the industry horizon. These customizations in
functional ingredients regarding creative flavors and improved texture and
mouthfeel are achieved through consumer trend and extensive research &
development.
Several companies are not only expanding their product
portfolio but also strengthening their market with accurate marketing and
undisrupted supply chain management. With the innovative range of products and
huge competition, several companies are now working on branding and proper
marketing implementation to gain an edge.
Presence of numerous major doughnut brands, including Tim
Hortons, Dunkin’ Donuts and Krispy Kreme across the region has driven the
industry growth in past few years. Innovation is at the forefront with the
development of numerous novel flavors. Companies are also focusing on packaging
and labeling along with other factors to offer these products in an
eye-catching and refreshed appearance.
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Further
key findings from the report suggest:
·
The U.S. frozen desserts demand exceeded
USD 25.80 billion in 2016 and is expected to grow at a CAGR of 3.7% from 2017
to 2025
·
Ice creams emerged as the dominant product
segment in 2016, with over 60% market revenue
·
Frozen yogurts are anticipated to witness
fastest growth rate, generating revenue worth USD 2.10 billion by 2025
·
Major frozen novelties manufacturers across
the U.S. are involved in the development of innovative multi-textured and
multi-flavored products with lower percentage of dairy ingredients, enticing
consumers of all ages
·
The cakes & pastries segment is driven
by the increasing demand for unpackaged or artisanal cakes, which accounts for
over three-quarters of all cakes sales across the region
·
Non-retail was the dominant distribution
channel and accounted for 54.96% of the revenue in 2016. Recent trends have led
these outlets to adapt nutritious food into their growing menus, which has
further enhanced their appeal as an outlet for on the go breakfast
·
Retail bakeries have witnessed considerable
rise in outlets across the region driven by their product innovation
·
Key participants include in the U.S. frozen
desserts market are Nestle USA, Inc., Lantmannen Unibake USA. Inc.,
Campbell Soup Company, Alpha Baking Co, Inc., Kellogg Company, ConAgra Brands,
General Mills, Inc., Schwan’s Company, Sara Lee Desserts, Van’s Foods and
Deiorio Foods, Inc., among others
Ice creams emerged as
the leading product category and accounted for over 60% of the total revenue in
2016. Various factors affecting growth are flavors and fat content along with
texture and sweetness. Other factors such as location and demographics also
play an important role in estimating the demand. The ice cream industry is
highly fragmented in nature, with the presence of several small and large
companies, vendors, restaurants and retails chains. The handcrafted ice creams
segment has gained huge popularity among consumers in recent years.
Frozen yogurt is
anticipated to witness fastest growth rate over the forecast period owing to
the several health benefit claims associated with the product. The U.S. is a hub
for over 400 brands, in this category, offering numerous flavors to consumers.
Unites States Department of Agriculture (USDA) has initiated several projects
to promote the consumption of yogurt and related products across the region.
Low-fat yogurt is a great source of calcium and is increasingly being promoted
by the organization for health and nutrition.
Frozen tofu is
anticipated to witness modest growth rate over the forecast period, with a CAGR
of 4.4%. It is a derivative of coagulated protein in soymilk and is utilized in
numerous distinct applications in home cooking. It is a popular ingredient in
food manufacturing and is considered highly versatile. The sector is
characterized by the presence of several flavors and textures in retail as well
as foodservice chains such as natural food stores, health food stores, buying
clubs as well as food cooperatives.
Browse Press
Release of this report:
Grand View Research has segmented the U.S. frozen desserts market on the
basis of product and distribution channel:
U.S. Frozen
Desserts Product Outlook (Revenue, USD Million, 2006 - 2025)
·
Cakes & Pastries
·
Confectionary & Candies
·
Doughnuts & Pies
·
Custards & Pudding
·
Ice Creams
·
Frozen Yogurt
·
Tofu
·
Sweet Treats
·
Sherbet
·
Frozen Novelties
U.S. Frozen
Desserts Distribution Channel Outlook (Revenue, USD Million, 2006 - 2025)
·
Retail
o Retail Bakeries
o Grocery Outlets
o Supermarkets/Hypermarkets
o Artisan Bakers
·
Non-retail
o Fine Dine Restaurants
o Quick Service Restaurants
o Street Vendors
About Grand View Research
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, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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