The Frozen Yogurt market demonstrates steady growth, with a projected size of US$ 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.
As more people opt for healthier dessert options, the frozen yoghurt business is rapidly rising. Because of its creamy texture and wide variety of flavours, frozen yoghurt has grown in popularity as an alternative to traditional ice cream. The market is expanding due to rising health consciousness, a demand for tailored solutions, and unique product offerings.
Freeze-dried yoghurt may contain additional dairy products on occasion. Milk fat, milk solids, sweetener (artificial sweeteners such as aspartame are employed), and yoghurt culture are the essential constituents of frozen yoghurt. The term “frogurt” is used to describe frozen yoghurt. The popularity of frozen yoghurt began in America and has since spread throughout the world. Frozen yoghurt has a tarter flavour than ice cream and contains less fat because it is made with milk rather than cream. It is not ice cream, despite being a simple soft serve. Another name for it is low-fat ice cream.
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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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