U.S. Refrigerated Dairy Desserts Market - Forecast(2023 - 2028)

U.S. Refrigerated Dairy Desserts Market size is forecast to reach $ 8.8 billion by 2025, growing at a CAGR of 6.1% during the forecast period 2020-2025. Rising demands for healthy & nutritious frozen desserts and technological innovation in fields of flavours and textures are the major factors driving the growth of the market. Increased disposable income and rising product innovation in dairy desserts is set to further enhance the overall market demand for U.S. refrigerated dairy desserts during the forecast period 2020-2025.

The report: “U.S. Refrigerated Dairy Desserts Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Medical Image Management System Market. 

By Type: Ice Cream, Yogurt, Custard, Sherbet, Pudding, BonBons, and Others

By Packaging Material: Glass, Plastic, Metal, Paper, and Others

By Sales Channel: Online Channel, Supermarkets/Hypermarkets, Food Speciality Stores, Convenience Stores, and Others

The Ice Cream segment held the largest share in the U.S. Refrigerated Dairy Desserts Market in 2019 and is estimated to grow at a CAGR of 7.1% during the forecast period 2020-2025 owing to the availability of various flavored ice creams and rise in demand for premium ice creams. Ice cream is a dairy product, which is sweetened with either natural sugar or artificial sweeteners. The rise in demand for innovative products and the development of lactose-free ice cream provides growth opportunities for the ice cream segment. Product innovation is set to diversify the offerings and assist in meeting varying consumer demands while economic growth is increasing the spending power of customers. Yogurt has a low fat and sugar content owing to which it is increasingly being preferred by health-conscious consumers. As a result of its high nutritional value, yogurt offers several health benefits. It helps in improving immunity, lowering the risk of type 2 diabetes, strengthening bones and teeth, preventing digestive problems, and lowering high blood pressure and bad cholesterol. The Ice Cream is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025 owing to the increased disposable income, the introduction of new flavors from the manufacturers, and increased consumption of ice creams as a snack option.

The Offline channel segment held the largest share in the U.S. Refrigerated Dairy Desserts Market in 2019 owing to the increasing innovation in the ice cream sector to introduce new flavors. The increasing popularity of fine dining restaurants, increasing preference for innovative foods, constant innovation, and customization offered by the quick-serve restaurants including food street vendors are increasing the demand for refrigerated dairy desserts market. Online channel is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025 owing to fast delivery options and safe payment methods.

Drivers – U.S. Refrigerated Dairy Desserts Market  

The rise in demand for innovative products and the development of lactose-free desserts is increasing the growth of the U.S. Refrigerated Dairy Desserts Markets. The primary role of lactose-free desserts is to provide sufficient nutrients as per the metabolic requirements thereby giving the consumer a feeling of safety. The development of a lactose-free diet is the only treatment for people suffering from lactose intolerance. Complete avoidance of lactose allows the gut to heal and resolve nutritional deficiencies and other associated symptoms. Strict adherence to the lactose-free desserts also reduces the risk of developing many of the serious long-term complications related to untreated lactose intolerance. Lactose-free dairy products can provide essential nutrients present in milk to people that are lactose intolerant. Several dairy products contain very little or no lactose, and these are generally well-tolerated by people that are intolerant to lactose. Thus, increasing the growth of the U.S. Refrigerated Dairy Desserts Markets during the forecast period 2020-2025.

Rising demand for low-fat content desserts and an increasing number of weight-conscious consumers is increasing the growth of the U.S. Refrigerated Dairy Desserts Markets. Health consciousness assesses the degree to which a person plays an active role in maintaining health. It is a motivational component encouraging consumers to enhance or sustain their physical well-being by engaging in preventive behaviours and health care. Health-conscious consumers purposively monitor their state of health and perform required actions to improve or maintain it. Consumers are persuading towards the nutritional value of the dessert without compromising with the taste and texture. The flavours adding in the dessert according to local taste preference to appease consumers are helping the frozen desserts market gain traction from a wide spectrum of consumers. Low-fat, low-sugar, and gluten-free desserts are widely consumed by consumers. Shifting consumer preference towards eating healthy and tasty is estimated to account for a major share in terms of revenue in the frozen desserts market. Thus, increasing the growth of the U.S. Refrigerated Dairy Desserts Markets during the forecast period 2020-2025.

Some of the factors that can impede the growth of the U.S. Refrigerated Dairy Desserts Market are health concerns associated with ice creams and increasing demand for dairy-free desserts. Increasing awareness about the presence of fats in dairy products is likely to drive more consumers away from dairy desserts and towards dairy-free substitutes as fats are recognized badly for the health of consumers.

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the U.S. Refrigerated Dairy Desserts Market. In 2019, the U.S. Refrigerated Dairy Desserts Market share is consolidated by the top ten players present in the market. U.S. Refrigerated Dairy Desserts, the top 10 companies are Nestle USA, Inc., Campbell Soup Company, and AGRO Merchants. Alpha Banking Co, Inc., Lantmanmen Unibake USA Inc., Kellogg Company, ConAgra Brands, General Mills Inc., Schwan’s Company, Sara Lee Desserts, and Deiorio Foods Inc. among others.