The frozen yogurt market is expected to be valued at US$ 99.29 billion by 2024. The market valuation is estimated to be US$ 272.74 billion by 2034, projected at a CAGR of 10.6%.
With consumers choosing healthier dessert options and wanting more personalized delights, the frozen yogurt business has grown significantly in the last few years.
Due to lower fats than traditional ice cream, frozen yogurt has become popular among health-conscious consumers looking for guilt-free treats. Its creamy texture and zesty flavor speak to these customers.
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Consumer awareness of wellness and health issues is escalating. Customers choose frozen yogurt as a healthier dessert option because of an escalating emphasis on preparing good dietary and lifestyle choices.
Frozen yogurt is a more appealing option for people who want to indulge their sweet tooth without sacrificing their nutritional objectives because it usually has less fat and calorie content than classic ice cream.
Key Takeaways from the Market Study
- Under product type, the dairy-based is accounted to hold a market share of 88.2% in 2024.
- Japan is estimated to register at a CAGR of 5.8% by 2034.
- India experiences significant growth, projected at a CAGR of 6% by 2034.
- Based on sales channel, the hypermarkets/supermarkets segment is accounted to hold a market share of 44.2% in 2024.
“The accelerating inclination of consumers towards healthier dessert alternatives provides reduced fat level and probiotic advantages, and is frequently seen as a healthier option for ice cream, is considered one significant driver for the frozen yogurt market,” comments a Future Market Insights analyst.
Competitive Landscape
The frozen yogurt industry is considered to be competitive, with both local and regional businesses and well-known brands like Red Mango and Pinkberry. Large franchises use a variety of flavor options and customizable toppings to their advantage through widespread franchising and strong brand awareness. Targeting specialized audiences, independent stores frequently set themselves apart with distinctive flavors and handcrafted ingredients.
Suppliers and convenience stores help surge the market competitiveness by providing private-label frozen yogurt goods where firms are always innovating to win market share and match increasing consumer tastes, pricing, flavor diversity, and customer experience are critical elements affecting consumer decisions.
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Some of the key developments are:
- In June 2022, Yogurtland unveiled two new seasonal flavors for summer- strawberry mango sorbet and passion fruit mango tart. The company introduced the exclusive Strawberry Mangonada cup, available solely through its website, app, and DoorDash, while online-exclusive cups and summer flavors were also offered at select locations.
- In April 2022, expanded its product line by introducing the first frozen Greek yogurt, Mochi. The Mochi features creamy frozen Greek yogurt encased in sweet, fluffy rice dough, available in chocolate, mango, vanilla, and strawberry flavors.
More Valuable Insights Available
Future Market Insights offers an unbiased global frozen yogurt market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand market opportunities, the frozen yogurt market is segmented based on Product Type (Dairy-Based, Non-Dairy Based), Fat Content (Full Fat, Low Fat, No Fat), Flavours (Chocolate, Strawberry, Banana, Pineapple, Mango, Lemonade, Peach, Other Flavours), Sales Channel [Offline Sales Channel (Hypermarkets/Supermarkets, Departmental Stores, Convenience Store, Other Sales Channel)], Online Sales Channel (Company Website, E-commerce Platform, Other Sales Channel), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).
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Key Segments
By Product Type:
- Dairy-Based
- Non-Dairy Based
By Fat Content:
- Full Fat
- Low Fat
- No Fat
By Flavors:
- Chocolate
- Strawberry
- Banana
- Pineapple
- Mango
- Lemonade
- Peach
- Other Flavors
By Sales Channel:
- Offline Sales Channel
- Hypermarkets/Supermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
- Other Sales Channel
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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