The global frozen yogurt market is expected to reach a market valuation of USD 2.1 Bn by the year 2022, accelerating with a CAGR of 3.7% by 2022-2032.
The Frozen Yogurt Market is witnessing steady growth as consumers increasingly opt for healthier dessert choices. With its creamy texture and variety of flavors, frozen yogurt has become a popular alternative to traditional ice cream. The market expansion is driven by rising health consciousness, demand for customizable options, and innovative product offerings.
Yoghurt that has been frozen is a dish that may occasionally also include other dairy products. The main components of frozen yoghurt are milk fat, milk solids, sweetener (artificial sweeteners such aspartame are used), and yoghurt culture. Frogurt is another name for frozen yoghurt. Since its invention in America, frozen yoghurt has become a global phenomenon. Due to the use of milk instead of cream, frozen yoghurt is frequently tarter than ice cream and lower in fat. Although it is a classic soft serve, it is not the same as ice cream. Ice cream with low fat content is another name for it.
Frozen yoghurt is exempt from FDI rules, unlike regular yoghurt. The notion that frozen yoghurt is a probiotic is prevalent, although it is not always true; frozen yoghurt may or may not include live, active bacteria cultures. In addition to animal gelatin, frozen yoghurt also includes vegetable components such guar gum, carrageenan, and others to stabilise the yoghurt and prevent crystallisation when kept at low temperatures.
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Market Regional Outlook:
Regional segment for the market of frozen yogurt is segmented into seven different regions: North America, Latin America, APAC, Europe and MEA. Among these region North America is expected to have the major market share globally. Europe has also emerged as a prominent market for frozen yogurt, as the popularity of frozen yogurt is increasing in the countries like France, U.K. and Germany, which is expected to fuel the growth of frozen yogurt.
Market Drivers:
Consumers are more health conscious these days, they tend to consume desserts that are low in fat and has minimal amount of sugar, and frozen yogurt becomes the best alternative to unhealthy desserts as frozen yogurts fulfill both the requirements of consumers, and these factors are expected to drive the market of frozen yogurt. Another factor which is anticipated to boost the sales of frozen yogurt is the distribution of these products through online channels, as online retailers offers a wide variety of frozen yogurt.
Moreover, online stores offer frozen yogurt with lucrative offers or coupons. All these benefits combined are expected to act as positive factors driving growth of the global frozen yogurt market over the forecast period. The frozen yogurt market is also driven by the love for refreshing ice-cream alternative by the kids. Kids prefer chilled desserts in the summer seasons and frozen yogurt is a perfect answer to their demands. Moreover, increasing penetration of organized players ensures a highly competitive market scenario, and results in launch of an increasing variety of frozen yogurts, which is expected to boost overall growth of frozen yogurt globally to a substantial extent over the forecast period.
Market Key Players:
Some of the key players in frozen yogurt market includes Menchie’s Frozen Yogurt Company, Pinkberry, Honey Hill Farms, Scott Brothers Dairy, Red Mango, Inc., Yogurtland Inc., Gujarat Cooperative Milk Marketing Federation Ltd., TCBY, and Nestle among others.
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Frozen Yogurt Market By Category
By Product Type, Frozen Yogurt Market is Segmented as:
- Dairy Based
- Non-Dairy Based
By Fat Content, Frozen Yogurt Market is Segmented as:
- Full Fat
- Low Fat
- No Fat
By Flavor, Frozen Yogurt Market is Segmented as:
- Chocolate
- Strawberry
- Banana
- Pineapple
- Mango
- Lemonade
- Peach
- Other Flavors
By Sales Channel, Frozen Yogurt Market is segmented as:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
Frequently Asked Questions
- How much is the Frozen Yogurt Market Currently Worth in 2021?
- What is the Growth Rate Of The Frozen Yogurt Market over the Projected Time?
- What is the Anticipated Market Value of the Frozen Yogurt Market Over the Forecast Period?
- Which Region is Inferred to Drive the Frozen Yogurt Market By 2032?
- Who are the Top Players Dominating the Frozen Yogurt Market?
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