Frozen Yogurt Market: Industry Growth Factors, Drivers, Competitive Landscape, Dynamics & Forecast 2024

Global Frozen Yogurt Market: Overview

Frozen yogurt comes in the category of frozen dessert, which is prepared from the normal yogurt and sometimes from other dairy products. The frozen yogurt consists of milk fat, artificial sweetener, milk solid, and culture of yogurt. Frozen yogurt is also called as frogurt. Frozen yogurt tastes tarter than the ice-cream and contains low fat as milk is used instead of cream.

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Global Frozen Yogurt Market: Segmentation

The global market for frozen yogurt is globally fragmented into fat content, distribution channel, type, and flavor. Depending on the fat content, the global market is segregated into no fat and low fat. The no fat frozen yogurt is made from the skimmed milk that contains milk fat < 0.5%. The low-fat frozen yogurt is prepared from skimmed milk that contains fat 0.2% to 0.5%. Depending on the distribution channel, the market is categorized into online stores, grocery stores, specialty stores, supermarket/hypermarket, and others. The market’s highest revenue is obtained from supermarket/hypermarket. Depending on the type, the market is divided into sugar-free frozen yogurt and regular frozen yogurt. Depending on the flavor, the market is bifurcated into peach, strawberry, banana, chocolate, pineapple, mango, lemonade, and others. The most popular flavors in the market are mango and strawberry.

Global Frozen Yogurt Market: Growth Factors

The major factors that will drive the frozen yogurt market in the coming years are the increasing population that is health conscious, which tries and avoids the desserts that contain sugar thus preferring low fat and sugar-free products and for these concerns frozen yogurt has become the best substitute. The frozen yogurts contain less fat and sugar thus becoming a healthy option. Owing to these benefits the demand for the frozen yogurt has increased thus positively affecting the market growth. Even kids consume frozen yogurts as chilled desserts during the summer season, thus increasing the scope of the market. There are many market players that are penetrating in the market thus increasing the market competition. There are enhancements being made in the frozen yogurts such as in the flavors and the nutritional value, thus propelling the market to grow in the coming years.

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Global Frozen Yogurt Market Market: Regional Analysis

The geographical diversification of the market for the frozen yogurt is given by North America, Latin America, the Middle East & Africa, Western Europe, Eastern Europe, and Asia Pacific. The major market share for the frozen yogurt is held by the North America. The factor that contributes to the market growth in this region is the increased consumption. In Europe, the frozen yogurt market is getting popular at a very rapid rate owing to its increased demand in the nations such as the U.K., France, and Germany. Asia Pacific region is also going to experience a good market growth in the coming years.

Global Frozen Yogurt Market: Competitive Players

The key market players that are involved in the frozen yogurt market include Pinkberry, Scott Brothers Dairy, Yogurtland Inc., TCBY, Menchie's Frozen Yogurt Company, Nestle, Honey Hill Farms, Red Mango, Inc., Gujarat Cooperative Milk Marketing Federation Ltd., and others.

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