The Frozen Yogurt market demonstrates steady growth, with a projected size of USD 3 billion by 2032, driven by a 3.7% value CAGR from 2022 to 2032. The top 3 countries collectively hold a substantial 35.8% market share, highlighting the enduring appeal of this delightful frozen treat in a dynamic and evolving dessert industry.
The market for frozen yoghurt is expanding steadily as consumers choose healthier dessert options more frequently. Frozen yoghurt has gained popularity as an alternative to regular ice cream due to its creamy texture and diversity of flavours. Rising health consciousness, a need for customised solutions, and novel product offerings are driving the market expansion.
Yoghurt that has been freeze-dried occasionally includes other dairy ingredients. The essential ingredients of frozen yoghurt are milk fat, milk solids, sweetener (artificial sweeteners such aspartame are used), and yoghurt culture. Yoghurt that has been frozen is referred to as frogurt. Since its introduction in America, frozen yoghurt has become a worldwide phenomenon. Because frozen yoghurt is created with milk rather than cream, it occasionally has a tarter flavour than ice cream and contains less fat. It is a basic soft serve, however it is not the same as ice cream. Low-fat ice cream is another name for it.
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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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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