U.S. Frozen Desserts Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193076
  • Format: Electronic (PDF)
  • Number of Pages: 200
  • Author(s): Joshi, Madhavi

Report Overview

The U.S. Frozen Desserts Market size was estimated at USD 12 billion in 2023 and is projected to reach USD 16 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024-2030).

U.S. Frozen Desserts Market

(Market Size)
$12 billion
$16 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 4.30%
2023 Market Size USD 12 billion
2030 Market Size USD 16 billion
Key Players Unilever (Ben & Jerry’s), Nestlé (Dreyer’s), General Mills (Häagen-Dazs), Blue Bell, Turkey Hill

Market Summary

The U.S. frozen desserts market represents a dynamic and evolving segment within the consumer goods industry, characterized by a wide array of products that cater to diverse consumer palates and preferences. This market encompasses traditional ice cream, frozen yogurt, gelato, sorbet, and an expanding variety of novelties and plant-based alternatives. Consumer demand is heavily influenced by factors such as flavor innovation, texture, and the perceived quality of ingredients. The retail landscape for these products is vast, spanning supermarkets, hypermarkets, convenience stores, specialty shops, and a rapidly growing e-commerce sector. The competitive environment is intense, with both longstanding industry giants and agile newcomers vying for market share through continuous product development and strategic marketing initiatives aimed at highlighting indulgence, health attributes, or ethical production methods. The market's resilience is demonstrated by its ability to adapt to shifting consumption patterns, including the increased demand for premium and artisanal offerings as well as options that accommodate dietary restrictions and lifestyle choices.

Key Highlights

The U.S. frozen desserts market is distinguished by several key trends that underscore its current trajectory and future potential. A significant movement towards health and wellness has propelled the growth of products with reduced sugar, lower fat content, and functional benefits, including probiotics in frozen yogurt and high-protein options. Simultaneously, the plant-based segment is experiencing explosive growth, driven by innovations in dairy-free alternatives made from sources like almonds, oats, and coconuts that closely mimic the sensory experience of traditional dairy desserts. Sustainability has also become a critical differentiator, with leading companies investing in eco-friendly packaging, responsibly sourced ingredients, and transparent supply chains to appeal to environmentally conscious consumers. The market is further energized by constant flavor innovation, with limited-edition releases and collaborations with popular brands creating buzz and driving trial. The channel strategy continues to evolve, with direct-to-consumer models and online delivery services gaining prominence, making these products more accessible than ever before.

Drivers, Opportunities & Restraints

The growth of the U.S. frozen desserts market is propelled by a confluence of powerful drivers. Increasing disposable income allows consumers to trade up to premium and super-premium products, while the relentless pursuit of convenience supports the sales of single-serve and on-the-go novelties. The pervasive influence of social media also acts as a significant driver, with visually appealing and novel products generating organic marketing and demand. Key opportunities for market expansion lie in the continued development of the plant-based segment, the incorporation of functional ingredients for health benefits, and the exploration of untapped demographic and geographic markets. However, the market faces notable restraints. Intense competition from both within the category and from other snack segments pressures pricing and margins. Growing health consciousness, while an opportunity in some respects, also leads to scrutiny over sugar and calorie content, potentially limiting consumption frequency. Furthermore, fluctuations in the cost of raw materials, such as dairy, sugar, and cocoa, can impact profitability and necessitate strategic cost management for manufacturers.

Concentration Insights

The competitive landscape of the U.S. frozen desserts market features a blend of high concentration among a few major players and a fragmented base of smaller, niche producers. A handful of multinational corporations, including Unilever, Nestl?, and General Mills, hold a substantial share of the market through their extensive portfolios of well-established brands and vast distribution networks that achieve near-ubiquitous shelf presence. These industry leaders compete on the basis of brand equity, extensive advertising, and economies of scale. Conversely, the market also boasts a significant number of smaller, artisanal, and regional companies that compete effectively by focusing on premium quality, unique flavors, locally sourced ingredients, and compelling brand stories that resonate with specific consumer segments. This dual structure creates a competitive environment where large companies leverage their scale for mass-market products while smaller innovators drive trends in specialty and health-focused segments, often leading to acquisition opportunities for the larger players seeking to diversify their offerings.

Type Insights

The U.S. frozen desserts market is segmented into various types, each with its own consumer base and growth dynamics. Ice cream remains the dominant category, encompassing a spectrum from economy to super-premium products, with vanilla and chocolate maintaining their status as perennial favorites alongside a constant rotation of innovative and seasonal flavors. Frozen yogurt has carved out a significant niche, appreciated for its tangy taste and perceived health benefits, particularly in formats that offer live and active cultures. The gelato segment appeals to consumers seeking a denser, richer texture and more intense flavor profile than traditional ice cream. Sorbet and sherbet are popular choices for those seeking dairy-free and often fruit-forward options. The novelties segment, which includes items like ice cream sandwiches, bars, and cones, is crucial for its convenience and portion control. Most notably, the plant-based segment is the fastest-growing type, with continuous improvements in taste and texture expanding its appeal beyond vegan and lactose-intolerant consumers to a much broader mainstream audience.

Application Insights

The application of frozen desserts primarily falls into two main channels: retail and foodservice. The retail application is the largest, encompassing sales through supermarkets, hypermarkets, grocery stores, convenience stores, warehouse clubs, and online platforms. Within retail, the impulse purchase category is significant, driven by strategic placement in freezer aisles and checkout zones. The growth of e-commerce and direct-to-consumer delivery services has further expanded the reach and convenience of the retail application. The foodservice application includes sales to restaurants, cafes, ice cream parlors, hotels, and catering services. This channel often emphasizes experiential consumption, with offerings like custom-made sundaes, elaborate milkshakes, and dessert menus that feature frozen desserts as a key component. The foodservice channel is a critical avenue for premium and artisanal brands to build their reputation and for testing new flavors that may later be introduced into the retail landscape.

Regional Insights

Demand for frozen desserts is widespread across the United States, yet consumption patterns and preferences can exhibit notable regional variations influenced by climate, cultural diversity, and local tastes. Regions with warmer climates, such as the South and the West Coast, typically demonstrate higher per capita consumption, driven by longer periods of warm weather that favor cold treats. These areas often serve as test markets for new flavors and formats. The Northeast and Midwest regions also represent substantial markets, with a strong presence of both national brands and regional dairies that have deep local loyalty. Cultural influences play a significant role in regional preferences; for example, areas with a strong Hispanic population may show higher demand for certain flavors like dulce de leche or mango, while other regions might favor classics like butter pecan or mint chocolate chip. Urban centers across all regions are often hotspots for premium, artisanal, and plant-based products, reflecting more diverse and experimental consumer palates.

Company Insights

The U.S. frozen desserts market is served by a diverse array of companies, from global conglomerates to specialized local creameries. Unilever, through its brand Breyers, is a dominant force with a focus on a wide range of products including those made with natural ingredients. Nestl? boasts a powerful portfolio that includes H?agen-Dazs, known for its super-premium positioning and dense, rich products, and Dreyer's/Edy's, which has a strong presence in the branded ice cream segment. General Mills, owner of the H?agen-Dazs brand in the US and also maker of its own lines, is another key player. Beyond these giants, companies like Ben & Jerry's, a subsidiary of Unilever, maintain a strong identity through its commitment to social causes and innovative chunk-filled flavors. Talenti, known for its gelato and sorbetto, has gained significant market share. The landscape is also enriched by successful smaller and plant-focused companies such as Halo Top, known for its high-protein, low-calorie pints, and Danone, which offers a range of frozen yogurt products under various brands.

Recent Developments

The U.S. frozen desserts market is characterized by continuous innovation and strategic moves by key players. A predominant trend in recent developments is the significant expansion and enhancement of plant-based product lines, with companies reformulating recipes to improve mouthfeel and flavor to more closely mimic dairy. There has been a surge in partnerships and limited-edition flavor launches, often collaborating with popular snack, candy, or beverage brands to create buzz and attract new consumers. Sustainability initiatives have moved to the forefront, with several leading companies announcing commitments to shift to recyclable, compostable, or reduced plastic packaging. Acquisitions remain a common strategy for large corporations to quickly enter new segments or acquire innovative brands; this has been particularly evident in the plant-based and better-for-you categories. Furthermore, investment in direct-to-consumer capabilities and partnerships with third-party delivery apps has accelerated, making premium and specialty frozen desserts more accessible to a wider audience and transforming the logistics of cold chain delivery.

Report Segmentation

This comprehensive market research report on the U.S. frozen desserts market provides a detailed analysis structured through methodical segmentation to offer actionable insights. The report is segmented by type, delving into the performance and prospects of ice cream, frozen yogurt, gelato, sorbet, sherbet, and the rapidly growing plant-based alternatives. It further breaks down the market by category, distinguishing between impulse, take-home, and artisanal products to understand different consumption occasions and purchasing behaviors. Application segmentation provides a clear view of the distribution landscape, analyzing the market performance across key channels such as supermarkets/hypermarkets, convenience stores, specialty stores, online retail, and the foodservice industry. This multi-faceted approach to segmentation allows for a granular understanding of the market dynamics, identifying growth pockets, emerging trends, and competitive pressures within each specific sub-segment, thereby providing stakeholders with the depth of analysis required for informed strategic decision-making.

FAQs

What are the current trends in the frozen desserts industry?

The industry is currently dominated by trends favoring plant-based alternatives, products with health-oriented attributes like reduced sugar and added protein, premium and artisanal offerings, and a strong focus on sustainable and eco-friendly packaging solutions.

Which companies are the leaders in the U.S. ice cream market?

The market is led by major players such as Unilever with its Breyers and Ben & Jerry's brands, Nestl? with H?agen-Dazs and Dreyer's, and General Mills. These companies hold significant market share through extensive brand portfolios and distribution networks.

How is the plant-based frozen desserts segment performing?

The plant-based segment is the fastest-growing category within the frozen desserts market. It is driven by continuous improvements in product quality, expanding variety from sources like almonds and oats, and increasing consumer adoption due to dietary preferences, lactose intolerance, and environmental concerns.

What are the main distribution channels for frozen desserts?

The primary distribution channels are large-scale retail outlets like supermarkets and hypermarkets, convenience stores, specialty ice cream shops, and a rapidly growing online channel that includes e-commerce grocery platforms and direct-to-consumer delivery services.

What flavors are most popular in frozen desserts?

While classic flavors such as vanilla, chocolate, and strawberry remain perpetually popular, there is strong consumer interest in innovative and indulgent flavors, often involving mix-ins like cookie dough, brownie pieces, and caramel swirls, as well as fruit-based and globally inspired options.

What are the challenges facing the frozen desserts market?

Key challenges include heightened competition from within the category and other snack sectors, volatility in the prices of key raw materials like dairy and sugar, and increasing consumer scrutiny regarding the health and nutritional content of products, particularly sugar and calorie levels.

Citius Research has developed a research report titled “U.S. Frozen Desserts Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• U.S. Frozen Desserts Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The U.S. Frozen Desserts Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

U.S. Frozen Desserts Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

U.S. Frozen Desserts Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of U.S. Frozen Desserts Market
• Research Methodology
• Executive Summary
• Market Dynamics of U.S. Frozen Desserts Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of U.S. Frozen Desserts Market
• Cost and Gross Margin Analysis of U.S. Frozen Desserts Market
• U.S. Frozen Desserts Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “U.S. Frozen Desserts Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

U.S. Frozen Desserts Market Key Stakeholders

Below are the key stakeholders for the U.S. Frozen Desserts Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

U.S. Frozen Desserts Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the U.S. Frozen Desserts Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the U.S. Frozen Desserts Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in U.S. Frozen Desserts Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global U.S. Frozen Desserts Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global U.S. Frozen Desserts Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global U.S. Frozen Desserts Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global U.S. Frozen Desserts Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global U.S. Frozen Desserts Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global U.S. Frozen Desserts Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America U.S. Frozen Desserts Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America U.S. Frozen Desserts Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe U.S. Frozen Desserts Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA U.S. Frozen Desserts Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific U.S. Frozen Desserts Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa U.S. Frozen Desserts Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia U.S. Frozen Desserts Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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