Key Highlights
- The global dessert market was valued at approximately $100 billion in 2022
- North America accounted for over 35% of the global dessert market share in 2021
- The packaged cake segment alone is projected to reach $35 billion by 2025
- Millennials make up approximately 40% of dessert consumers in the United States
- The online sales of desserts increased by 30% during the COVID-19 pandemic in 2020
- The gluten-free desserts market is expected to grow at a CAGR of 7% from 2022 to 2027
- Chocolate desserts hold more than 45% of the total dessert market share worldwide
- In 2023, the US dessert industry generated over $45 billion in revenue
- The demand for organic desserts surged by 12% annually from 2018 to 2022
- The average American consumes about 4.5 pounds of chocolate per year
- The global gelato market is expected to grow at a CAGR of 4% between 2022 and 2028
- Vegan desserts are the fastest-growing segment in the dessert industry, with a growth rate of 14% annually
- The bakery segment accounts for nearly 60% of total dessert sales in retail stores
The $100 billion global dessert industry is experiencing a sweet revolution, driven by rising consumer preferences for artisanal, organic, plant-based, and globally inspired treats, with online sales soaring and innovative formats transforming how we indulge.
Consumer Demographics and Preferences
- Millennials make up approximately 40% of dessert consumers in the United States
- The average American consumes about 4.5 pounds of chocolate per year
- Around 60% of dessert consumers prefer plant-based or vegan options when available
- The demand for low-sugar and sugar-free desserts increased by 13% in 2022, driven by health-conscious consumers
Consumer Demographics and Preferences Interpretation
Market Growth and Regional Trends
- North America accounted for over 35% of the global dessert market share in 2021
- The online sales of desserts increased by 30% during the COVID-19 pandemic in 2020
- The gluten-free desserts market is expected to grow at a CAGR of 7% from 2022 to 2027
- The demand for organic desserts surged by 12% annually from 2018 to 2022
- The global gelato market is expected to grow at a CAGR of 4% between 2022 and 2028
- Vegan desserts are the fastest-growing segment in the dessert industry, with a growth rate of 14% annually
- The Asia-Pacific confectionery market, which includes many desserts, is projected to reach $45 billion by 2025
- In Europe, dessert consumption increased by 8% in 2022 compared to 2021
- The premium ice cream segment grew by 18% in 2022, accounting for 25% of total ice cream sales
- The global frozen desserts market is expected to reach $111 billion by 2028
- The gluten-free dessert market segment grew approximately 20% in 2022, indicating increasing consumer health awareness
- The demand for ethnic and exotic desserts increased by 12% in Western markets in 2022, driven by increased multicultural cuisine interest
- The number of artisanal dessert shops increased by 21% between 2018 and 2022 globally, reflecting consumer demand for unique and handcrafted options
- The rising popularity of plant-based diets is expected to push the vegan dessert market to grow at a CAGR of 14% through 2027
- The use of edible CBD in desserts gained popularity, with the edible CBD desserts market growing at over 20% annually from 2020 to 2023
- The ethnic dessert segment, including Middle Eastern, Asian, and Latin American sweets, increased by 14% in sales in North America from 2019 to 2022
- The global pistachio-flavored desserts market is projected to grow by 6% annually until 2027, due to increasing popularity of special nut-flavored treats
- The number of craft-based dessert companies increased by 18% globally between 2018 and 2022, as consumers seek artisanal quality
- The popularity of dairy-free and plant-based ice creams has led to a 22% growth in this segment in 2022, driven by vegan and lactose-free consumer demands
- The global macaron market was valued at $2.2 billion in 2022 and expected to grow at a CAGR of 5% through 2027, reflecting a rising demand for premium gourmet desserts
Market Growth and Regional Trends Interpretation
Market Segments and Product Types
- The global dessert market was valued at approximately $100 billion in 2022
- The packaged cake segment alone is projected to reach $35 billion by 2025
- Chocolate desserts hold more than 45% of the total dessert market share worldwide
- In 2023, the US dessert industry generated over $45 billion in revenue
- The bakery segment accounts for nearly 60% of total dessert sales in retail stores
- In 2023, about 25% of U.S. bakeries reported increasing their dessert offerings to include more gluten-free and allergen-free options
- Specialty desserts, such as artisan and gourmet items, grew by 10% in sales in 2022 across retail stores
- Dessert consumption is the highest during holidays, with Easter and Christmas accounting for 25% of annual dessert sales
- In the U.S., bulk desserts like cookies and candies are purchased mostly in family-sized packages, representing 70% of sales
- The gluten-free and allergen-free dessert segment is expected to reach a revenue of $4 billion worldwide by 2025
- The top-selling dessert flavors globally are chocolate, vanilla, and strawberry, accounting for over 65% of flavor sales
- In 2022, the vegan chocolate market alone grew by 18%, reaching $1.2 billion in sales
- Frozen yogurt sales accounted for about 25% of the frozen desserts market in 2022, with a growing consumer preference for healthier desserts
- Household consumption of dessert snacks in the U.S. reached $12 billion in 2022, with premium and craft snack options leading the growth
- Innovative dessert formats like bite-sized, mini, and handheld treats gained 15% more market share in 2022, driven by convenience and snacking trends
- The global sugar confectionery market, including candies and chocolates, was valued at $180 billion in 2022, poised for steady growth
- In 2023, the popularity of desserts with functional health benefits, such as probiotics and antioxidants, increased by 10%, reflecting health trend integration
- The sales of holiday-themed desserts surge by approximately 35% during peak seasons such as Halloween and Christmas, seasonally boosting the industry
Market Segments and Product Types Interpretation
Online and Digital Market Trends
- In 2022, the most searched-for desserts online were cheesecakes, brownies, and gelato, indicating high consumer interest
- Online searches for "best desserts" increased by 25% in 2022, indicating rising consumer curiosity and demand for new dessert experiences
Online and Digital Market Trends Interpretation
Specialty and Niche Markets
- The pet dessert market is a niche segment that grew by 15% in 2022, with pet-friendly ice creams and treats gaining popularity
Specialty and Niche Markets Interpretation
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