Market Analysis
Global Dairy Desserts Market is predicted to touch USD 1.5 billion at a 2.9% CAGR over the Forecast Period (2019-2024), in accordance with the latest Market Research Future (MRFR) report. Dairy desserts, simply put, are ready-to-eat products which are made from skimmed or whole milk. Its different types include pudding, sherbet, custard, yogurt, ice cream, among others. Dairy desserts come in attractive packaging, which, along with offering a delicious taste, also provide nutrients.
Various factors are propelling the dairy desserts market growth. These factors, as stated by the latest MRFR report, include growing demand for sweet dishes, changing eating patterns, growing demand for ice cream, the addition of new flavors and constant innovations, and attractive packaging. Additional factors pushing market growth include the availability of lactose-free dairy desserts, growing dairy industry, a growing number of product launches, changing food habits and lifestyles, and different health benefits associated with the consumption of dairy food products such as muscle mass, weight management, dental health, bone health, and improved digestive health.
On the flip side, rising health concerns may impede the dairy desserts market growth over the forecast period.
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Key Players
Leading players profiled in the Dairy Desserts Market report include Dean Foods Company (US), Parmalat S.p.A. (Italy), Royal FrieslandCampina N.V. (Netherlands), P.O. (UAE), UNIPEX DAIRY PRODUCTS CO., LTD., Danone S.A. (France), The Whitewave Foods Company (US), Grupo Leche Pascual SA (Spain), Nestlé SA (Switzerland), Lactalis International (France), Parag Milk Foods Ltd (India), Baskin-Robbins (US), Mother Dairy Fruit & Vegetable Pvt Ltd (India), Gujarat Cooperative Milk Marketing Federation Ltd. (India), Britannia Industries Limited (India) and Arla Foods Amba (Denmark).
September 2019: Petits Filous has added two new flavors- apple pear banana and strawberry banana to its range of small-pot yogurt. This will provide children the right amount of vitamin D and calcium, with less sugar.
Market Segmentation
The MRFR report provides a complete segmental analysis of the dairy desserts market report on the basis of type, packaging material, and sales channel.
Based on type, the dairy desserts market is segmented into sherbet, puddings, custard, yogurt, ice cream, and others. Of these, the ice cream segment will have the largest share in the market over the forecast period. Innovations and new flavors by manufacturers are boosting the market growth.
Based on packaging material, the dairy desserts market is segmented into paper, metal, plastic, glass, and others. Of these, the paper and plastics segment will dominate the market over the forecast period.
Based on sales channel, the dairy desserts market is segmented into off-trade and on-trade. Of these, the off-trade segment will lead the market over the forecast period.
Regional Analysis
By region, the dairy desserts market report covers the latest trends and growth opportunities across the Asia Pacific, Europe, North America, and the Rest of the World. Of these, the APAC region will command the largest share in the market over the forecast period. Factors contributing to the growth in the region include increased production of both milk as well as milk products due to increasing consumption of dairy desserts.
The dairy desserts market in Europe is predicted to have the second-largest share in the market over the forecast period. Factors contributing to the growth of the market in this region include the introduction of innovative dishes prepared from milk, growing dairy desserts market, and increasing consumption of dairy-based desserts.
The dairy desserts market in North America is predicted to have a healthy growth over the forecast period. Factors contributing to the growth of the market in this region include growing demand for frozen and packaged food products, technological advancements and innovations, rise in preference for frozen yogurts and milk-based desserts that are freshly prepared, and growing popularity of comfort food. The US, Canada, and Brazil are the key contributors in this region.
The dairy desserts market in the RoW is predicted to have a steady growth over the forecast period.
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