Market Size of Asia Pacific Frozen Desserts Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
Forecast Data Period | 2024 - 2028 |
Historical Data Period | 2018 - 2020 |
CAGR | 4.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Frozen Desserts Market Analysis
Asia Pacific Frozen Desserts Market is projected to grow at a CAGR of 4.5% during the forecast period 2020-2025.
- The growing demand for frozen desserts has led to significant growth in the total number of ice creams and frozen dessert retail shops across the Asia-Pacific region. Furthermore, the frozen dessert is bound to achieve great success in the Chinese market, as the increasing demand for low-fat healthy food will likely encourage people to spend more on these products.
- Moreover, the increasing product visibility, functional claims, clean label ingredients, and rising consumption during winters can be accredited to the increment of demand for more frozen desserts, including ice creams, cakes, etc., which, in turn, fortifies, the regions market share.