Frozen Yogurt Market Global Business Development, End User, Trends, Industry Share and Forecast to 2023

Market Scenario

The global frozen yogurt market is expected to grow significantly from 2018 to 2023, owing to the increasing number of health-conscious consumers, who are shifting to healthier alternative desserts. Frozen yogurt is a popular dessert made with yogurt and is gaining popularity owing to its creamy texture, sweetness, and tanginess. Frozen yogurt is similar to ice-cream, however, the base ingredient is milk instead of cream. Milk has a lower fat level and is considered healthier as compared to cream.

Primary ingredients used to make frozen yogurt are milk, yogurt cultures, and sugar but the quantity of these ingredients in frozen yogurt may vary slightly between the manufacturers. Frozen yogurt manufacturers mix milk and sugar, pasteurize and heat the mixture to a temperature to kill any harmful bacteria. Demand for frozen yogurt among consumers has increased owing to the various flavors added by the manufacturers to improve the taste and texture.

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Segmentation

The global frozen yogurt market has been segmented by type, functionality, distribution channel, and region.

The market based on type has been segmented into plain and flavored.

The market has been segmented by functionality into lactose-free, low-fat, low-calorie, and others.

The market has been segmented by distribution channel into store based and non-store based.

The market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World. The frozen yogurt market in North America has further been segmented into the US, Canada, and Mexico.

The European frozen yogurt market has been segmented into the UK, Germany, France, Italy, Spain, and Rest of Europe.

The frozen yogurt market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and Rest of Asia-Pacific. The frozen yogurt market in the Rest of the World has been segmented into South America, the Middle East, and Africa.

Key players

Menchie's Frozen Yogurt (US), Pinkberry (US), General Mills, Inc. (US), Amul (India), Yogurtland Franchising, Inc. (US), TCBY (US), Red Mango, Inc. (US), 16 Handles (US), and Danone (France) are some of the key players in the global Frozen Yogurt market.

he global frozen yogurt market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America holds the largest market share in the global frozen yogurt market, followed by Europe. Rising demand for convenience food, nutrition, and taste have propelled the market growth for frozen yogurt in this region. Modern technologies developed has resulted in larger production of frozen yogurt in this region thereby, boosting the growth of the frozen yogurt market.

Europe holds a decent revenue share to the frozen yogurt market owing to the rising consumption of dairy products owing to the high health benefits of dairy in this region. Manufacturers also use Greek yogurt for the processing of frozen yogurt in this region. Yogurt is strained to remove the whey, giving it a characteristically thick consistency, which makes it Greek yogurt. One of the factors for increasing demand of Greek yogurt is its high protein content. The rapid rise in demand of Greek yogurt over the last few years in this region have fueled the demand for frozen yogurt in this region.

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Intended Audience

Frozen yogurt producers/processors
Commercial research & development (R&D) institutions
Government and research organizations
Associations and industrial bodies
Retailers, supermarket, and hypermarket
Traders, exporters, and importers

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