The Latest Dessert Industry Statistics Explained
The global desert industry was valued at approximately 63.2 billion U.S. dollars in 2018.
The statistic indicates that the global desert industry, which encompasses activities related to desert tourism, solar energy projects, desert agriculture, and other economic endeavors in desert regions worldwide, had a total estimated value of around 63.2 billion U.S. dollars in the year 2018. This figure reflects the significant economic importance and potential growth opportunities presented by desert-related industries on a global scale. Factors such as the increasing focus on renewable energy projects in desert areas, the rise of desert tourism as a niche market, and advancements in desert agriculture techniques may have contributed to the substantial valuation of the industry. This statistic underscores the diverse range of economic activities taking place in desert regions and highlights the valuable contributions they make to the global economy.
The cake market alone in the U.S. was worth over $35 billion in 2019.
The statistic that the cake market in the U.S. was worth over $35 billion in 2019 indicates the economic value of all the cakes sold in the country during that year. This figure encompasses sales of various types of cakes, including birthday cakes, wedding cakes, pastries, and other baked goods. The size of the market suggests that cakes are a popular and significant product within the food industry, with consumers spending a substantial amount of money on these sweet treats. The statistic underscores the scale of the cake market’s contribution to the overall economy, including factors like job creation, revenue generation, and consumer spending habits related to dessert choices.
Ice cream market in the U.S. is projected to reach $78.2 billion by 2025.
The statistic that the ice cream market in the U.S. is projected to reach $78.2 billion by 2025 indicates the anticipated total value of ice cream sales in the country for that year. This projection suggests a substantial and growing market for ice cream products, reflecting consumer demand and market trends. Factors such as population growth, changing consumer preferences, and marketing efforts by industry players likely contribute to this projected increase in market size. The figure serves as an important indicator for businesses in the ice cream industry, investors, and policymakers, highlighting the potential for growth and expansion in this sector over the coming years.
Europe holds the largest share of the global dessert industry, approximately 39.0% in 2019.
The statistic “Europe holds the largest share of the global dessert industry, approximately 39.0% in 2019” means that in 2019, Europe accounted for the highest proportion of total dessert industry revenue worldwide. This suggests that Europe is a key player in the dessert market, with a significant market presence and influence. The fact that Europe held nearly 40% of the global dessert industry indicates a strong market position and underscores Europe’s importance in shaping trends, innovations, and consumption patterns within the dessert sector on a global scale.
The dessert market is predicted to grow at a CAGR of 1.37% from 2021 to 2026.
This statistic indicates that the dessert market is expected to experience a Compound Annual Growth Rate (CAGR) of 1.37% over the period spanning from 2021 to 2026. This means that on average, the market is projected to grow by 1.37% each year during this timeframe. The CAGR provides a more accurate representation of the market’s growth trajectory compared to simple annual growth rates, as it factors in the compounding effect over multiple years. In this case, the forecast suggests a steady, albeit moderate, expansion of the dessert market, which could be influenced by various factors such as changing consumer preferences, new product innovations, and economic conditions.
China’s dessert industry is growing with a CAGR of 7.9% from 2020 to 2024.
The statistic indicates that China’s dessert industry is experiencing steady growth, with a Compound Annual Growth Rate (CAGR) of 7.9% from 2020 to 2024. The CAGR is a measure used to analyze the smoothness of growth over a period of time, in this case, four years. A CAGR of 7.9% implies that the industry is expanding at a consistent rate annually. This growth rate suggests a positive trend in consumer demand for desserts in China, potentially driven by factors such as changing consumer preferences, increasing disposable income, and a growing interest in diverse culinary experiences. The projection of sustained growth in the dessert industry points towards opportunities for businesses within the sector, as well as potential economic benefits for the overall food industry in China.
Australia’s dessert industry is expected to generate revenue of US$1,217m in 2021.
The statistic indicates that the dessert industry in Australia is projected to generate total revenue of US$1,217 million in the year 2021. This figure represents the estimated total sales and earnings from various dessert products, services, and establishments within the industry for that particular year. The revenue forecast provides insight into the size and economic significance of Australia’s dessert sector, highlighting its potential growth and contribution to the overall economy. Additionally, it serves as a key indicator for market analysts, investors, and stakeholders interested in the performance and trends of the dessert industry within the country.
The global dessert market size in 2020 was over 813 billion dollars.
The statistic indicates that the total value of the global dessert market in 2020 exceeded 813 billion dollars. This figure represents the combined revenue generated by all types of desserts consumed worldwide during that year. The size of the dessert market reflects the significant demand for sweet food products and indicates a thriving industry. Such a large market size signifies the economic importance of the dessert sector and the opportunities it presents for businesses operating within it. Additionally, this statistic underscores the widespread enjoyment and consumption of desserts as a popular food category across various cultures and regions.
The pastry segment dominated the global dessert market with a share of over 52% in 2020.
The statistic indicates that in 2020, the pastry segment held the largest market share within the global dessert market, accounting for over 52% of total sales. This suggests that pastries were the most popular dessert choice among consumers worldwide during that year. The dominance of the pastry segment could be attributed to factors such as versatility in flavors and preparations, widespread availability, and cultural preferences. The high market share highlights the significant demand for pastries and underscores their importance in the dessert industry, making them a key player in shaping trends and setting standards for the global dessert market.
By 2020, India’s dessert industry was expected to be value at $28 billion.
The statistic “By 2020, India’s dessert industry was expected to be valued at $28 billion” indicates the projected economic worth of India’s dessert sector by the year 2020. This figure represents the estimated total value of goods and services produced and sold within the dessert industry in India during that time period. The $28 billion valuation suggests that the dessert market in India was anticipated to be a significant contributor to the country’s economy, highlighting the growing demand for dessert products and services in the region. This statistic can provide insights into the scale and potential growth of the dessert industry in India, serving as a valuable metric for market analysts, policymakers, and industry stakeholders.
The U.S dessert market is expected to grow annually by 0.9% (CAGR 2021-2025).
This statistic indicates that the U.S dessert market is projected to experience a compound annual growth rate (CAGR) of 0.9% from 2021 to 2025. This implies that the revenue generated from dessert sales in the United States is anticipated to increase by an average of 0.9% each year over the specified period. The CAGR metric provides a more nuanced understanding of the market’s growth trajectory compared to a simple annual growth rate, as it factors in compounding effects. This forecast suggests a modest but steady expansion in the U.S dessert market over the next five years, which could be influenced by various factors such as changing consumer preferences, economic conditions, and industry trends.
Latin America’s dessert market is projected to grow by 4.92% annually until 2025.
The statistic indicates that Latin America’s dessert market is expected to experience a steady annual growth rate of 4.92% until the year 2025. This projection suggests that there will be a continuous increase in the demand and consumption of desserts in the region over the next few years. Factors contributing to this growth could include changing consumer preferences, increasing disposable income, and a growing emphasis on indulgent food experiences. Businesses operating in the dessert industry in Latin America may need to adapt their strategies to capitalize on this projected growth and meet the evolving needs and tastes of consumers in the market.
In China, the revenue in the dessert segment is projected to reach US$33,655m in 2021.
The statistic “In China, the revenue in the dessert segment is projected to reach US$33,655m in 2021” indicates the estimated total revenue that is expected to be generated from dessert sales in China for the year 2021. This figure of US$33,655 million represents the total amount of money that consumers are anticipated to spend on purchasing desserts in the Chinese market during the calendar year. The projection suggests a significant financial impact and demand for dessert products in China, reflecting the growing popularity and consumption of sweet treats in the country’s food industry. This statistic can be used by businesses and policymakers to understand the market size and potential opportunities for growth in the dessert sector in China.
In Japan, the total volume in the dessert and ice cream segment amounted to 363.78 million kg in 2020.
The statistic indicates that in Japan in 2020, the combined volume of dessert and ice cream products consumed was 363.78 million kilograms. This figure provides insight into the significant demand for desserts and ice cream in the Japanese market during that year. It highlights the popularity and consumption of these indulgent food products within Japanese society, suggesting a cultural preference for sweet treats. Analyzing this statistic in the context of broader trends in consumer behavior and preferences can provide valuable information for businesses operating in the food industry seeking to understand market dynamics and capitalize on opportunities for growth and innovation in Japan.
The global gluten-free dessert and ice cream market is projected to reach $783.3M by 2027.
The statistic indicates that the global market for gluten-free dessert and ice cream products is expected to grow substantially, projecting to reach a value of $783.3 million by the year 2027. This suggests a significant increase in consumer demand for gluten-free dessert and ice cream options, likely driven by a growing awareness of gluten intolerance and a shift towards healthier eating habits. The projected growth in this market segment presents an opportunity for businesses within the dessert and ice cream industry to expand their product offerings and cater to the needs of a growing customer base seeking gluten-free options.
Baked goods hold the largest share at 57% of the dessert market in Japan in 2020.
This statistic states that baked goods accounted for the majority share, specifically 57%, of the dessert market in Japan in 2020. This indicates that baked goods such as bread, pastries, and cakes were the most popular dessert choices among consumers during that time period. The high market share for baked goods suggests a strong consumer preference for these types of products over other dessert options available in Japan. This information could be useful for businesses in the bakery and dessert industries to understand market trends and tailor their offerings to cater to consumer preferences in order to optimize sales and growth opportunities.
In 2020, the cake sales in South Korea reached about 1.2 trillion South Korean won.
The statistic reveals that in 2020, the total cake sales in South Korea amounted to approximately 1.2 trillion South Korean won. This figure indicates a significant economic activity within the cake industry in the country for that particular year. The high sales volume suggests a strong demand for cakes among consumers in South Korea, potentially driven by factors such as cultural preferences, celebrations, and a thriving bakery market. Analyzing this statistic can provide insights into consumer behavior, market trends, and the overall economic health of the baking industry in South Korea.
The worldwide market for Frozen Dessert is expected to grow at a CAGR of roughly 5.4% over the next five years, reaching $120.3B by 2024, up from $88.6B in 2019.
This statistic indicates that the global market for Frozen Desserts is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 5.4% over the next five years, resulting in a significant increase in market value from $88.6 billion in 2019 to an estimated $120.3 billion by the year 2024. This growth trend suggests a rising demand for frozen desserts worldwide, driven by various factors such as changing consumer preferences, increasing disposable incomes, and expanding distribution channels. The forecasted growth rate illustrates a promising opportunity for industry players to capitalize on this growing market and potentially expand their market share and profitability over the coming years.
References
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