North America is anticipated to dominate the frozen yogurt market. The United States has a sizable frozen yogurt market share in North America, where consumer preferences are shifting away from dairy-based frozen yogurt toward non-dairy-based frozen yogurt, particularly among high-income consumers.
NEWARK, Del: By 2022, the Sales of frozen yoghurt will be valued at USD 2.1 billion, growing at a CAGR of 3.7% between 2022 and 2032.
Frozen yogurt is a frozen dessert which is made up of yogurt and at times other dairy products are also used. The prime ingredient of frozen yogurt are milk fat, milk solid, sweetener (artificial sweetener such as aspartame is used) and culture of yogurt. Frozen yogurt are also known as frogurt. Frozen yogurt was originated in America and now it’s popular all over the world. Frozen yogurt are generally tarter than ice-cream and is also very much low in fat because of the use of milk instead of cream. It is a conventional soft serve but is very different from ice- cream. It is also termed as low fat light ice-cream.
Unlike the normal yogurt, frozen yogurt is not regulated by FDI. There is a misconception in people that frozen yogurt is a probiotic, but it’s not always true, frozen yogurt may or may not contain live and active bacteria cultures in it. Frozen yogurt also contains vegetable additives such as guar gum, carrageenan, etc. and animal gelatin to stabilize the yogurt which reduces the crystallization of yogurt when it is kept in low temperature.
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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.
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:
- Other Flavors
By Sales Channel, Frozen Yogurt Market is segmented as:
- Offline Sales Channel
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
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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?
Table of Content
- Market Overview
1.1. Market Coverage / Taxonomy
1.2. Market Definition / Scope / Limitations
- The Massive Impact of the Crisis
2.1. Global Market Forecast Scenario Comparison of Annual Growth Rates for Short Term (2022-2025) and Long Term (2026-2032)
2.1.1. Optimistic Scenario
- Market Background
3.1. Global Market Overview
3.2. Product Launches
3.3. Product Claims & Nutritional Information Scan by Buyers
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Yogurt Market Size: The global yogurt market is projected to reach a valuation of US$ 79,147.2 million by 2033 from US$ 44,808.5 million in 2023. It is set to expand rapidly at a CAGR of 5.9% in the estimated time frame between 2023 and 2033.
Yogurt Dips Market Share: According to a study by Future Market Insights, the market for Yogurt Dips is estimated to grow at a CAGR of 4.4% during the forecasted period.
Yogurt Powder Market Analysis: Yogurt powder is fermented milk processed in the form of dry yogurt and has benefits such as convenience, portability, stability, and storability.
Frozen Food Market Trends: The global frozen food market is anticipated to be valued at US$ 314,285 Million in 2022, forecast to grow at a CAGR of 6.7% to be valued at US$ 602,257 Million from 2022 to 2032.
Frozen Desserts Market Growth: The global frozen desserts market is expected to reach a valuation of US$ 100.1 Bn by the end of 2022, growing at a CAGR of 5.8% by 2022-2032.
About Future Market Insights, Inc.
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