Dairy Desserts Market Faces Growing Competition

  • Dairy Desserts Market is expected to garner a revenue of $1.5 billion by 2024 with 2.9% CAGR.
  • An increasing demand for dairy-free desserts is likely to be the key restraint against the global dairy desserts market
  • The ice cream segment holds the largest share in the global dairy dessert market and is likely to exhibit the highest growth rate over the forecast period.

Dairy Desserts Market is expected to garner a revenue of $1.5 billion by 2024 with 2.9% CAGR during the forecast period of 2019–2024, according to the latest research report from Market Research Future (MRFR).

The report presents a detailed analysis of the global dairy desserts market by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global Dairy Desserts Market. Trends are assessed in detail in the report.

Dairy Desserts Market is expected to garner a revenue of $1.5 billion by 2024 with 2.9% CAGR.

An increasing demand for dairy-free desserts is likely to be the key restraint against the global dairy desserts market over the forecast period. 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 in the coming years, as fats are recognized to be bad for the health of the consumer. Many new players are introducing dairy-free versions of ice creams and yogurts in order to cater to this growing consumer demographic. This is likely to be a key restraint against the global dairy desserts market over the forecast period.

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Competitive Analysis

Leading players in the global dairy desserts market include Dean Foods Company, Parmalat SpA, Royal FrieslandCampina NV, Unipex Dairy Products Co. Ltd. PO, Danone SA, The Whitewave Foods Company, Grupo Leche Pascual SA, Nestle SA, Lactalis International, Parag Milk Foods Ltd., Baskin-Robbins, Mother Dairy Fruit & Vegetable Pvt. Ltd., Gujarat Cooperative Milk Marketing Federation Ltd. (Amul), Britannia Industries Limited, and Arla Foods amba.

Market Segmentation

The global dairy desserts market is segmented based on type, distribution channel, and region.

By Type, is segmented into ice creams, yogurt, custard, and others. The ice cream segment holds the largest share in the global dairy dessert market and is likely to exhibit the highest growth rate over the forecast period. The yogurt segment is also likely to remain important for the global dairy desserts market over the forecast period.

By distribution channel is segmented into store-based and non-store-based. Due to the need for refrigeration, store-based channels are likely to dominate the global dairy desserts market over the forecast period.

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Regional Analysis

The ice cream segment holds the largest share in the global dairy dessert market and is likely to exhibit the highest growth rate over the forecast period.

Europe accounts for the largest share in the global dairy desserts market due to the longstanding popularity of ice creams, yogurts, and custards in the region. Asia Pacific is also likely to be an important regional market for dairy desserts over the forecast period due to the increasing demand for ice cream and other dairy desserts in countries such as India, China, Japan, and South Korea. The increasing indigenous dairy desserts industry in Asia Pacific is also a major reason for the regional market’s growth over the forecast period.

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Nikhil khadilkar

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
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