Market Size of Asia Pacific Frozen Desserts Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Frozen Desserts Market Analysis
Asia Pacific Frozen Desserts Market is projected to grow at a CAGR of 4.5% during the forecast period 2020-2025.
- The growing demand for frozen desserts has led to significant growth in the total number of ice creams and frozen dessert retail shops across the Asia-Pacific region. Furthermore, the frozen dessert is bound to achieve great success in the Chinese market, as the increasing demand for low-fat healthy food will likely encourage people to spend more on these products.
- Moreover, the increasing product visibility, functional claims, clean label ingredients, and rising consumption during winters can be accredited to the increment of demand for more frozen desserts, including ice creams, cakes, etc., which, in turn, fortifies, the regions market share.
APAC Frozen Desserts Industry Segmentation
Asia Pacific frozen desserts market is segmented by product type, distribution channel, and geography. Based on product type, the market has been segmented into frozen yogurt, ice cream, frozen cakes, others. Furthermore, the ice cream segment has been classified into artisanal ice cream, dairy-based ice cream, water-based ice cream. Based on the distribution channel, the market has been segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online retailers, and others. Based on geography, the report provides a detailed regional analysis, which includes China, Japan, India, Australia, and rest of Asia-Pacific.
By Product Type | |||||
Frozen Yogurt | |||||
| |||||
Frozen Cakes | |||||
Others |
By Distribution Channel | |
Supermarkets/Hypermarkets | |
Convenience Stores | |
Speciality Stores | |
Online Retailer | |
Others |
By Geography | |
China | |
Japan | |
India | |
Australia | |
Rest of Asia-Pacific |
Asia Pacific Frozen Desserts Market Size Summary
The Asia Pacific frozen desserts market is experiencing notable expansion, driven by a growing consumer preference for ice creams and other frozen treats. This trend is particularly evident in countries like China, where the demand for low-fat and healthy frozen options is on the rise. The market's growth is further supported by increased product visibility, functional claims, and the use of clean label ingredients. The strategic placement of ice cream parlors in high-traffic areas, such as college campuses and busy marketplaces, along with targeted social media marketing, is enhancing the accessibility and appeal of frozen desserts. These efforts are expected to bolster the market share of frozen desserts across the region.
In China, the frozen desserts market is poised for significant success due to rising income levels, advancements in manufacturing capabilities, and a trend towards premiumization. The emergence of specialized brands like Yili Chocliz and Mengniu Ice, which cater to health-conscious consumers with innovative product offerings, is a key driver of market growth. Companies in the region are focusing on strategies such as new product launches, partnerships, and expansions to capture consumer interest. Major players, including Nestle S.A and Unilever, are actively introducing new products to meet the evolving demands of the market, further contributing to the sector's robust growth trajectory.
Asia Pacific Frozen Desserts Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Frozen Yogurt
-
2.1.2 Ice Cream
-
2.1.2.1 Artisanal Ice Cream
-
2.1.2.2 Dairy-based Ice Cream
-
2.1.2.3 Water-based Ice Cream
-
-
2.1.3 Frozen Cakes
-
2.1.4 Others
-
-
2.2 By Distribution Channel
-
2.2.1 Supermarkets/Hypermarkets
-
2.2.2 Convenience Stores
-
2.2.3 Speciality Stores
-
2.2.4 Online Retailer
-
2.2.5 Others
-
-
2.3 By Geography
-
2.3.1 China
-
2.3.2 Japan
-
2.3.3 India
-
2.3.4 Australia
-
2.3.5 Rest of Asia-Pacific
-
-
Asia Pacific Frozen Desserts Market Size FAQs
What is the current Asia Pacific Frozen Desserts Market size?
The Asia Pacific Frozen Desserts Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Frozen Desserts Market?
Nestle S.A, Yili Group , Unilever, Blue Bell Creameries LP and Dunkin' Brands Group, Inc are the major companies operating in the Asia Pacific Frozen Desserts Market.