Technavio analyzes that the Dairy Desserts Market is expected to grow at a CAGR of 5.08% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1327.64 million.There are various factors that contribute to the growth of the market. The dairy desserts market is witnessing a significant surge due to the increasing number of product launches. Companies are introducing innovative and health-conscious options, catering to diverse consumer preferences. This trend is expected to continue, driving market growth and competition in the coming years. Dairy desserts, with their rich and creamy textures, remain a popular choice for consumers seeking indulgent treats. However, the industry is also responding to growing health consciousness by offering low-fat, lactose-free, and vegan alternatives. These developments are expanding the market and attracting a broader consumer base.
In the dynamic dairy market, yogurt emerges as a leading product category, driven by its versatility and health benefits. Manufactured through the fermentation of milk by Lactobacillus bulgaricus and Streptococcus thermophilus, yogurt comes in various fat content levels, from skim to whole milk. Its consumption has surged worldwide due to its association with improved gut health and the management of conditions like osteoporosis and irritable bowel syndrome. Yogurt's nutritional profile includes essential vitamins and minerals such as Vitamin B12, phosphorus, and calcium, making it an attractive choice for health-conscious consumers. Moreover, the rise in urbanization, changing lifestyles, and the increasing prevalence of lactose intolerance and vegan diets have fueled the demand for flavored yogurts, lactose-free and vegan yogurt alternatives, further expanding the market landscape.
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Dairy Desserts Market Segmentation
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The Dairy Desserts market encompasses various outlets including specialty stores, boutique shops, convenience stores, restaurants, and food service channels. Consumers seek out these desserts for their health benefits, with premium ice creams, sweet treats, and low-fat options being popular choices. Dairy desserts provide essential nutrients like potassium, protein, vitamins, calcium, and phosphorus. Health consciousness drives demand for desserts that cater to dietary needs, such as vegan diets, and offer added nutrients like Vitamin A, magnesium, and Vitamin D. Flavors range from classic options like vanilla and fruit, to unique offerings like vegan custards, chocolates, and yoghurts. High Pressure Processing is used to ensure product safety and maintain nutritional value.
The global Dairy Desserts market is a significant segment of the larger Packaged Foods and Meats market, as classified by Technavio within the Food Products sector of the Food, Beverage, and Tobacco industry. This market encompasses manufacturers and food processing vendors specializing in the production of dairy-based desserts, aimed at enhancing product shelf life and eliminating microorganisms. The market's size is determined by the consolidated revenue generated from these vendors, excluding those producing food processing equipment, packaged alcoholic and non-alcoholic beverages, or mineral waters. Key market participants include specialty stores, boutique shops, convenience stores, restaurants, and food service channels catering to consumers seeking health benefits from premium ice creams and other dairy desserts.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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