Desserts Market to Grow with a CAGR of 5.16% through 2030
The
global desserts market is expanding due to increasing consumer demand for
innovative, convenient, and indulgent products, including changing lifestyles,
growing disposable incomes, and the rise of online sales platforms
According to
TechSci Research report, “Desserts Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Desserts Market was valued at
USD 143.63 billion in 2024 and is expected to grow to USD 193.56 billion by
2030 with a CAGR of 5.16% during the forecast period. The global desserts
market is a dynamic and evolving sector that encompasses a wide range of
indulgent foods, from traditional pastries and cakes to innovative frozen
treats and artisanal creations. As consumer preferences continue to shift, the
market is witnessing significant transformations driven by changing lifestyles,
increased disposable incomes, and a growing demand for variety and innovation
in dessert offerings. The global dessert industry is not just about satisfying
a sweet tooth but has also become a space for creativity, health-conscious
choices, and cultural fusion. Key drivers, such as the rise in disposable
income, the growing foodservice sector, and the increasing awareness of
health-conscious dessert options, have propelled the market's growth.
One
of the most notable trends in the global desserts market is the rapid expansion
of frozen desserts. Products like ice cream, gelato, sorbet, and frozen yogurt
are the dominant players in the sector, owing to their widespread popularity
and versatility. The frozen desserts segment continues to grow due to its
appeal to a broad consumer base, ranging from traditional ice creams to
healthier options like low-sugar, fat-free, and plant-based varieties. The
demand for premium frozen desserts has also seen a rise, driven by consumers
seeking unique flavors, artisanal creations, and high-quality ingredients.
Innovations in flavor profiles, such as exotic fruit combinations or the
incorporation of regional spices, have given frozen desserts an edge in the
competitive market. Additionally, seasonal offerings, such as holiday-themed
ice creams and novelty items, contribute to consumer interest, further boosting
the segment’s growth.
However,
despite the overall growth in the global desserts market, there are challenges
to consider. The rising demand for healthier options, for example, can create
pressure on manufacturers to develop products that meet consumers’ expectations
without sacrificing taste. Reformulating traditional desserts to meet
health-conscious trends often requires investment in research and development,
as well as the sourcing of new ingredients that can maintain the desired
texture and flavor.
Sustainability
is also a growing concern within the global desserts market. As consumers
become more environmentally conscious, they are increasingly seeking products
that are sustainably sourced and packaged. This has prompted dessert
manufacturers to adopt more sustainable practices, such as sourcing ingredients
from fair-trade certified suppliers, using eco-friendly packaging, and reducing
food waste during production. Companies that fail to align with these values
may face consumer backlash, as sustainability becomes a key consideration in
purchasing decisions.
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"Global Desserts Market”
The Desserts Market
is segmented into type, application and region.
Based on the application, the café segment is rapidly emerging as the fastest-growing category in the
global desserts market. This surge is driven by the increasing consumer
preference for artisanal, Instagram-worthy treats, and the growing trend of desert-focused
establishments. Cafés capitalize on this demand by offering innovative and
customizable dessert options that cater to diverse tastes and dietary
preferences. The rise of social media platforms has further amplified the
appeal of visually appealing desserts, prompting cafés to enhance their
offerings. Additionally, the café environment provides a social and
experiential dining experience, attracting a broad consumer base seeking
indulgence and novelty.
Based
on region, Asia Pacific
is the fastest-growing region in the global desserts market, driven by rapid
urbanization, rising disposable incomes, and a growing appetite for diverse
culinary experiences. Countries like China, India, and Japan are witnessing a
surge in demand for both traditional and Western-style desserts. The increasing
popularity of café culture, particularly in urban centres, has contributed to
the growth of artisanal and customized dessert offerings. Additionally, the
influence of social media platforms has amplified consumer interest in visually
appealing and innovative desserts. This dynamic market is expected to continue
its upward trajectory, offering significant opportunities for both local and
international dessert brands.
Major companies
operating in the global Desserts Market are:
- Unilever PLC
- General Mills Inc.
- Sara Lee Frozen Bakery
- Nestlé S.A.
- The Kraft Heinz Company
- Dunkin' Brands Group Inc.
- Mondelez International Inc.
- Danone S.A.
- Campbell Soup Company
- Blue Bell Creameries
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“The trend toward healthier and more
functional desserts is gaining momentum. Health-conscious consumers are
increasingly seeking low-calorie, low-sugar, and plant-based dessert options.
This has given rise to the development of sugar-free, gluten-free, dairy-free,
and vegan desserts, catering to individuals with specific dietary restrictions
or preferences. Many dessert brands are incorporating alternative sweeteners,
such as stevia, monk fruit, and erythritol, to create treats that satisfy the
sweet tooth without compromising on health. Vegan and plant-based desserts, in
particular, have experienced substantial growth, especially in regions with
growing awareness of the environmental and health benefits of plant-based
eating. As a result, there has been a notable shift in product development,
with manufacturers increasingly focusing on creating indulgent yet nutritious
dessert options that align with contemporary dietary trends“, said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Desserts Market –
Global Industry Size, Share, Trends, Opportunity and Forecast, By Type (Frozen
Desserts, Baked Desserts, Dairy Desserts, Confectionery Desserts, Others), By
Application (Food Service, Bakeries, Cafes, Household), By Region & Competition,
2020-2030F”, has evaluated the future growth potential of global
Desserts Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global Desserts Market.
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