The global frozen yogurt market is expected to reach a market valuation of USD 2.1 Billion by the year 2022, accelerating with a CAGR of 3.7% by 2022 to 2032.
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.
The frozen yoghurt industry is expanding as consumers seek healthier dessert options. Frozen yoghurt has increased in popularity as an alternative to classic ice cream due to its creamy texture and diversity of flavours. Rising health consciousness, desire for customised solutions, and distinctive product offerings are driving market expansion.
On rare occasions, freeze-dried yoghurt may contain additional dairy components. Frozen yoghurt is made up of milk fat, milk solids, sweetener (artificial sweeteners such as aspartame are used), and yoghurt culture. Frozen yoghurt is referred to as frogurt. Since its introduction in America, frozen yoghurt has become a worldwide phenomenon. Because it is prepared with milk rather than cream, frozen yoghurt has a tarter flavour than ice cream and contains less fat. It’s soft serve, but it’s not the same thing as ice cream. Low-fat ice cream is another name for it.
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Market Regional Outlook:
The frozen yoghurt market is divided into seven regions: North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Among these regions, North America is predicted to have the largest worldwide market share. Europe has also emerged as a significant market for frozen yoghurt, as its popularity grows in nations such as France, the United Kingdom, and Germany, which is predicted to accelerate the expansion of frozen yoghurt.
Market Drivers:
Consumers are more health conscious these days, and they prefer desserts that are low in fat and sugar, and frozen yoghurt is the best alternative to unhealthy desserts because frozen yoghurts meet both of these requirements, and these factors are expected to drive the frozen yoghurt market. Another aspect that is expected to improve frozen yoghurt sales is the distribution of these items through online channels, as online shops offer a diverse selection of frozen yoghurt.
Furthermore, online businesses sell frozen yoghurt with attractive discounts or coupons. All of these advantages are projected to contribute to the expansion of the global frozen yoghurt market over the forecast period. The frozen yoghurt business is also fuelled by children’s desire for a refreshing ice cream alternative. In the summer, kids enjoy chilled treats, and frozen yoghurt is an excellent solution. Furthermore, increasing penetration of organised companies ensures a highly competitive market landscape, resulting in the development of an increasing range of frozen yoghurts, which is predicted to significantly increase overall growth of frozen yoghurt globally over the forecast period.
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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.
Frozen Yogurt Market By Category
By Product Type, Frozen Yogurt Market is Segmented as:
By Fat Content, Frozen Yogurt Market is Segmented as:
By Flavor, Frozen Yogurt Market is Segmented as:
By Sales Channel, Frozen Yogurt Market is segmented as:
Frequently Asked Questions
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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.
Feb 13, 2024
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