Ice-Cream and Frozen Dessert Market Report: USD 195.7 Billion by 2032 at 5.4% CAGR

Ice-Cream and Frozen Dessert Market

New York, NY – July 16, 2025 – The Global Ice-Cream and Frozen Dessert Market is a thriving industry, driven by increasing consumer demand for sweet, convenient, and indulgent treats. In 2022, the market was valued at USD 195.7 billion and is projected to reach USD 115.6 billion by 2032, growing at a steady CAGR of 5.4% from 2023 to 2032.

The rising popularity of ice cream and frozen desserts stems from their widespread appeal across all age groups, along with innovative flavors, healthier options, and premium product launches. Key growth factors include changing consumer lifestyles, higher disposable incomes, and the expansion of retail channels like supermarkets, convenience stores, and online delivery platforms.

Additionally, the demand for plant-based and lactose-free frozen desserts is rising due to growing health consciousness and dietary preferences. Market opportunities lie in product diversification, such as sugar-free, organic, and functional ice creams, as well as expanding into emerging markets with untapped potential. With continuous innovation and strategic marketing, the Ice-Cream and frozen dessert market is set to expand further, offering lucrative prospects for manufacturers and retailers worldwide.

Important Revelation

  • In 2022, the global Ice-Cream and Frozen Dessert Market was valued at USD 115.6 billion.
  • By product type, the ice cream held a major market share of 58.4% in 2022.
  • By category, the conventional segment dominated the Ice-Cream and Frozen Dessert Market with a 73.6% market share in 2022.
  • By ingredient source, in 2022, the dairy-based Ice-Cream and Frozen Dessert Market held a significant revenue share of 75.1%.
  • By distribution channel, the supermarkets/hypermarkets distribution channel dominated the global Ice-Cream and Frozen Dessert Market with a market share of 38.9% in 2022.
  • By end-use, the food service segment dominated the market in 2022 with 55.2% market share.
  • In 2022, North America dominated the Ice-Cream and Frozen Dessert Market with the highest revenue share of 38.4%.
  • The emergence of lactose-free ice cream is currently experiencing a noteworthy trend in the global market and is expected to continue evolving in the years ahead. This development is primarily spurred by the escalating incidence of food allergies and intolerances within the consumer base.
  • The growing preoccupation with health and dietary considerations has cultivated a consumer preference for ice cream crafted from natural flavors, natural sweeteners, and handcrafted methods.
  • The Ice-Cream and Frozen Dessert Market is anticipated to experience growth in the forecast period due to increasing consumer demand for inventive flavor profiles and novel product formats, particularly in developing nations. Presently, there is a noteworthy trend towards fruit and alcohol-infused ice creams, with this segment exhibiting remarkable growth rates, estimated at approximately 70%.

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Report Segmentation

By Product Type

  • The Ice-Cream and Frozen Dessert market segment led the global ice cream and frozen dessert market in 2022, capturing a 58.4% share and projecting a CAGR of 6.1%. Ice cream, a blend of cream, milk, fruits, flavorings, and sweeteners, dominates due to its diverse flavors like chocolate, vanilla, and fruit. Growth drivers include rising disposable incomes, urbanization, improved cold chain logistics, flavor innovation, and modern retail expansion. The rise of plant-based, probiotic, low-fat, and zero-sugar ice cream varieties further boosts revenue.

By Category

  • The conventional Ice-Cream and Frozen Dessert Market held a 73.6% market share in 2022. These classics, made from dairy (cream and milk), sugar, and flavorings like vanilla or chocolate, offer indulgent sweetness and creamy textures. Stabilizers and emulsifiers ensure consistency, while a wide flavor range maintains their appeal as the quintessential frozen treat.

By Ingredient Source

  • Dairy-based products dominated with a 75.1% share in 2022. Made from milk and cream (often from cows or goats), these desserts deliver rich, creamy flavors with sugar and varied flavorings. Stabilizers enhance texture, making dairy-based options a timeless favorite for traditional ice cream lovers.

By Distribution Channel

  • Supermarkets and hypermarkets led with a 38.9% share in 2022, driven by promotional campaigns, discounts, and seasonal offers. These stores offer a wide range of frozen desserts, from popular brands to artisanal products, benefiting from ample shelf space and integrated shopping experiences that cater to diverse consumer preferences.

By End-Use

  • The food service sector held a 55.2% share in 2022, excelling in delivering memorable dessert experiences. Restaurants, ice cream parlors, and fast-food chains offer diverse menus, from classic scoops to elaborate sundaes, enhancing dining with ambiance, customization, and innovative creations that foster customer loyalty.

Market Key Segmentation

Based on Product Type

  • Ice-cream
  • Gelato
  • Frozen Custard
  • Frozen Novelties
  • Sorbet & Sherbet
  • Frozen Yogurt
  • Confectionery & Candies
  • Others

Based on Category

  • Conventional
  • Sugar-free

Based on Ingredient Source

  • Dairy-based
  • Non-dairy (Vegan)

Based on the Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail
  • Others

Based on End-use

  • Food Service
  • Retail

Regional Analysis

North America accounted for 38.4% of the global Ice-Cream and Frozen Dessert Market in 2022, with the U.S. as the primary contributor. Growth factors include rising incomes, new flavors, and growing demand for plant-based desserts. With approximately 80,000 ice cream, gelato, and frozen yogurt shops in the U.S., and 70% of Americans enjoying dessert weekly (consuming 23 pounds of ice cream annually), the region sees strong growth. The premium ice cream segment and health-conscious trends, like plant-based options, further drive market expansion, ensuring a positive outlook.

Competitive Landscape

  • Nestlé S.A.
  • General Mills
  • Fonterra Co-operative Group Limited
  • Meiji Holdings Co., Ltd.
  • Unilever
  • Dunkin’ Brands Group, Inc.
  • Amul
  • Bulla Dairy Foods
  • Dairy Farmers of America, Inc.
  • Yasso
  • Mondelēz International, Inc.
  • Inner Mongolia Yili Industrial Group Co., Ltd.
  • Lotte Corporation
  • Danone S.A.
  • Wells Enterprises, Inc.
  • Other Key Players

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Market.US Research Team is a collective of analysts and data specialists contributing statistical context and market-based insight to public reporting. Their work draws from a wide range of primary and secondary sources, with a focus on clarity, relevance, and methodological transparency. This research team is approved by the Newstrail editorial board to share up to date market news.