Dairy Desserts  Market, Production, Functions, Trends, Regional Analysis, Segmentation and Key Players

Market Analysis

The global dairy desserts market is anticipated to touch USD 1.5 billion at a 2.9% CAGR between 2019- 2024, 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 growth. 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.

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 is 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 that 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 & 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 in 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, & 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 increasing milk & milk products production is adding to the global dairy desserts market growth in the region. Australia and New Zealand have a maximum share in the region.

The global dairy desserts market in Europe is predicted to have the second-largest share over the forecast period. The longstanding popularity of custards, yogurts, and ice creams are adding to the global dairy desserts market growth in the region. Norway, the UK, and Italy have a maximum share in the region.

The global dairy desserts market in North America is predicted to have healthy growth over the forecast period. The US and Canada have a maximum share in the region.

The global dairy desserts market in the RoW is predicted to have sound growth over the forecast period for the constant technological advances and innovations. Brazil has a maximum share in the region.

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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).

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