The dessert grocery market has seen substantial growth, increasing from $21.72 billion in 2023 to $23.19 billion in 2024, with a compound annual growth rate (CAGR) of 6.8%. This growth is driven by rising demand for frozen dessert products, increasing consumer preferences and health consciousness, growing disposable incomes, rising demand for ice cream, and an increasing incidence of spinal degeneration. The market is projected to continue its strong growth, reaching $30.54 billion by 2028 at a CAGR of 7.1%. This forecasted growth is attributed to the increasing demand for convenient and indulgent dessert options among consumers, growing popularity of plant-based ingredients, expansion of the food service and hospitality industry, rising demand for smaller snack-sized portions, and growth in the e-commerce sector. Major trends expected during the forecast period include the introduction of diverse dessert products, development of new products with improved taste and texture, innovation in ready-to-eat desserts, creation of dairy-free desserts, and rising interest in cultural and ethnic desserts.
Global Dessert Grocery Market Key Driver
The growing food and beverages industry is expected to drive the growth of the dessert grocery market. The food and beverages industry includes businesses involved in producing, processing, distributing, and selling food and drinks. Factors contributing to the industry's growth include affordable airfares, corporate travel, wellness trends, and sustainability efforts. The dessert grocery sector plays a crucial role by catering to consumer cravings for sweet treats, supplying essential ingredients, and contributing to the diversity and innovation within the market. According to the Australian Bureau of Statistics report from May 2021, sales of food and non-alcoholic drinks reached 15.1 million tons in 2021–2022, up from 14.8 million metric tons in 2020–21. Therefore, the growing food and beverages industry is driving the growth of the dessert grocery market.
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Global Dessert Grocery Market Segments
The dessert grocery market covered in this report is segmented –
1) By Product: Bakery Ingredients, Dairy Ingredients, Fresh And Dried Fruits And Ingredients, Pulps And Purees, Sweeteners Colors And Flavors
2) By Source: Conventional, Organic Certified
3) By Distribution Channel: Offline, Online
4) By Application: Cakes, Pastries, And Puddings, Candies, Jellies, And Custards, Cookies And Biscuits, Cupcakes And Muffins, Dessert Drinks, Ice Cream, Moose, And Fuze
5) By End-User: Commercial, Personal
By Geography:The regions covered in the dessert grocery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the dessert grocery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Dessert Grocery Industry Players
Nestlé S.A, Archer-Daniels-Midland Company, Unilever PLC, General Mills Inc., Associated British Foods PLC, Koninklijke DSM N.V., Hershey Company, Kerry Group PLC, J.M. Smucker Company, McCormick & Company Inc., AGRANA Beteiligungs-AG, Dawn Food Products Inc., Ghirardelli Chocolate Company, King Arthur Baking Company Inc., Puratos Group, Guittard Chocolate Company, Nielsen-Massey Vanillas Inc., Dr August Oetker Nahrungsmittel KG, Ajanta Food Products Company, Berrifine A/S, Pinnacle Foods Co., Sorich Organics Pvt Ltd.
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Dessert Grocery Market Overview
A dessert grocery is a specialized retail store or a designated section within a grocery store that focuses exclusively on dessert-related products. It aims to cater to all aspects of dessert preparation, decoration, and consumption, providing a comprehensive range of ingredients, ready-made desserts, and tools required for making and serving desserts.
Dessert Grocery Global Market Report 2023 provides data on the global dessert grocery market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dessert grocery market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
