Global Dairy Desserts Market Research Report: By Type (Ice Cream, Yogurt, Custard, Sherbet and Pudding), Packaging Material (Glass, Plastic, Metal and Paper), Sales Channel (On & Off-Trade) and Region (North America, Europe, Asia Pacific and RoW) – Forecast till 2023
pune, India – April 13, 2018 —
Dairy desserts include a wide range of products which include desserts having milk as a key ingredient in them. The products include ice cream, yogurt, custard, sherbet, pudding, and others. They are mainly sweet foods and are considered as a one that concludes a main meal. Though they are not considered as a primary source of nutrition, but they do comprise of significant nutrients like any other dairy products. They are rich in calcium, potassium, protein and vitamins.
Dairy desserts are extremely popular worldwide for its dairy nutrients along with the taste of sweetness. Rise in disposable income followed by growing inclination towards sweet foods is driving the growth of dairy desserts market. High inclination towards ice cream among all age groups is primarily contributing to the growth of the market. Moreover, owing to growing prevalence of lactose intolerance, the key players are launching new dairy dessert products which are lactose- free. This initiative has supported the growth of dairy desserts.
Also, continuous R&D and innovations followed by introduction of various new flavors in the product portfolio is boosting the growth of the dairy desserts market. Attractive packaging is also one of the factor contributing to the growth of the market. Moreover, growth in retail sector is also having a positive impact on the dairy desserts market.
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Latest Industry Updates:
Feb 2018 Coca-Cola has decided to expand their frozen fruit dessert offering in major metros in India. This is a part of the company’s strategy to build a portfolio beyond carbonated drinks.
Feb 2018 Chalet Desserts, Inc. has announced they have newly created diced cheesecake inclusions for use in Ice Cream. They are now selling these items to well-known major manufacturers of ice cream across the United States and Asia.
Feb 2018 Dairy co-op Arla Foods UK has acquired a subsidiary of the Yeo Valley Group in a move designed to expand its organic dairy offer.
May 2017 Cargill has expanded its premium texturizing portfolio with an innovative and sustainably sourced carrageenan extract that offers unique functionality for gelled dairy desserts.
The major key players are highly focusing on new innovative product launch. The raw material suppliers of dairy desserts are also coming up with continuous innovative ingredients which is influencing the dairy dessert manufacturers to bring innovations in their product offerings. Wide range of products in dairy desserts is driving the growth of the market. Also, companies are going for geographical expansions through mergers and acquisitions which is boosting the growth of the market. Strategic acquisitions and new product launches are the key to success for the dairy desserts market.
The key players profiled in Dairy desserts are as Parmalat S.p.A (Italy), Nestle (Switzerland), FrieslandCampina (The Netherlands), General Mills (U.S.), DANA Dairy (Switzerland), GCMMF (AMUL) (India), and Danone (France) among many others.
The global dairy desserts market has been divided into type, packaging material, distribution channel, and region.
On The Basis of Type: Ice-cream, Yogurt, Custard, Sherbet, Puddings, and Others
On The Basis of Packaging material: Glass, Plastic, Metal, Paper, and Others
On The Basis of Distribution channel: Food retail, and Food service
On The Basis of Region: North America, Europe, Asia Pacific, and ROW.
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The global dairy desserts market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Asia Pacific is expected to dominate the market followed by Europe. Increasing consumption of desserts in Europe is the primary reason for the growth of dairy desserts in this region. In Asia Pacific, New Zealand and Australia are the major contributors followed by India. North America is likely to grow at a substantial rate over the forecast period. The U.S. is the major contributor to the growth of dairy desserts market in North America. Wide variety in product range and high focus on marketing by the key players is estimated to grow the dairy desserts market in the rest of the world.
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