Frozen Yogurt Market Continues to Expand with Health-Conscious Consumers With A CAGR Of 5.1%

The frozen yogurt market is rising, thanks to health-conscious consumers looking for delicious and nutritious treats. According to a recent report, the global frozen yogurt market is expected to grow at a CAGR of 5.1% during the forecast period of 2022-2031 with revenue of USD 17 billion by the end of 2031.

Frozen yogurt, or "froyo," is a low-fat alternative to ice cream, and it has become a popular dessert option for those who want to indulge in something sweet without guilt. Froyo is typically made with yogurt, milk, and sweeteners, and it can be topped with a variety of fresh fruits, nuts, and other toppings.




Key research findings:

· One of the main drivers of the frozen yogurt market is the increasing demand for healthy and natural products. Consumers are more conscious about what they eat, and they are looking for products that are free from artificial flavors, colors, and preservatives. Froyo fits the bill perfectly, and it's a great source of protein, calcium, and probiotics.

· Another factor that is contributing to the growth of the frozen yogurt market is the rise in disposable income. As people have more money to spend, they are willing to try new things and experiment with different flavors and toppings. Froyo shops are also becoming more popular as social hangouts, where people can meet and enjoy a healthy and delicious dessert together.

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Market Analysis:
By Market Players:
Yogen Fruz
Menchies
Pinkberry
Red Mango
TCBY
Yogurtland
Llaollao
Perfectime
Ben & Jerrys
Micat
Orange leaf
Yogiboost

By Type:
Plain Frozen Yogurt
Flavored Frozen Yogurt

By Application:
Minor
Young Man
Young Woman
Middle-Aged Person
Senior




Regional Analysis:

· The global frozen yogurt market is seeing growth in various regions around the world. North America is currently the largest market for frozen yogurt, accounting for over 39.9% of the global market share in 2022. This can be attributed to the high number of froyo shops in the region, as well as the rising health consciousness among consumers.

· Europe is also a significant market for frozen yogurt, driven by the increasing demand for healthy and natural products. Countries like the United Kingdom, Germany, and France have seen a surge in the number of froyo shops in recent years, as consumers seek out tasty and nutritious treats.

· Asia-Pacific is another region that is seeing growth in the frozen yogurt market, thanks to the rise in disposable income and changing consumer preferences. Countries like China, Japan, and India are expected to be key markets for frozen yogurt in the coming years, as more consumers adopt healthier eating habits and seek out new dessert options.

· Latin America and the Middle East and Africa are also emerging markets for frozen yogurt, driven by the growing demand for healthy and natural products. As the global frozen yogurt market continues to expand, there are plenty of opportunities for businesses to capitalize on the trend and reach new consumers in different regions around the world.





Consumer Demographics, Changing Behavior, and Trends:

1. The frozen yogurt market is evolving as consumer preferences and behavior shift. One trend that has emerged in recent years is the demand for healthier and more natural food options. This has led to an increase in the consumption of frozen yogurt, which is lower in fat and calories than traditional ice cream.

2. Consumer demographics also play a role in the frozen yogurt market. Millennials and Gen Z consumers are particularly drawn to frozen yogurt shops, as they value customization, social experiences, and healthy food options. According to a recent study, 75% of Gen Z consumers and 63% of millennial consumers reported visiting a frozen yogurt shop in the past year.

3. The COVID-19 pandemic has also impacted consumer behavior in the frozen yogurt market. Many consumers shifted their purchasing habits to grocery stores and online channels, as they sought out safer and more convenient options. However, as vaccination rates increase and restrictions ease, consumers are expected to return to in-person shopping and dining experiences.

4. To cater to these changing trends and consumer preferences, companies in the frozen yogurt market are investing in new product lines, unique flavors, and digital innovations. For example, some companies are experimenting with plant-based options, while others are partnering with influencers to promote their products on social media. These strategies are helping companies stay competitive in a crowded market and attract a diverse range of consumers.





Supply Chain Analysis:

The frozen yogurt market relies on a complex supply chain to deliver high-quality products to consumers. This supply chain includes the sourcing of ingredients, production, distribution, and retail.

One key ingredient in frozen yogurt is dairy, which is sourced from farms and dairy processors. The quality and availability of dairy can impact the production and pricing of frozen yogurt products. In addition, other ingredients such as fruit, sweeteners, and toppings must be sourced from various suppliers to ensure a diverse range of options for consumers.

Once ingredients are sourced, they are transported to production facilities where they are combined and transformed into frozen yogurt products. This process can involve significant energy consumption and requires careful quality control measures to ensure product safety.



Restraints in this market:

· While the frozen yogurt market is poised for growth, there are several restraints that companies in the space must navigate. These include fluctuating ingredient prices, increased competition, and evolving consumer preferences.

· One major restraint on the frozen yogurt market is the cost of ingredients. Dairy prices, in particular, can be highly volatile and impact profit margins for companies that rely on these ingredients. As a result, companies must be proactive in managing costs and exploring alternative ingredients to mitigate risks.

· Another restraint on the frozen yogurt market is increased competition. As the market grows, new entrants are emerging, and established players are expanding their product lines to stay ahead. This has put pressure on companies to differentiate themselves through unique flavors, high-quality ingredients, and exceptional customer service.




Brighter Outlook:

· Despite the challenges facing the frozen yogurt market, several factors suggest a brighter outlook for the industry in the years ahead.

· First, consumer demand for healthier and more natural food options is expected to continue driving growth in the frozen yogurt market. As consumers become more health conscious, they are seeking out products that are lower in calories, fat, and sugar. Frozen yogurt fits this trend perfectly, offering a satisfying and guilt-free indulgence that appeals to a wide range of consumers.

· Second, the increasing popularity of plant-based options is expected to further boost growth in the frozen yogurt market. As more consumers seek out plant-based diets for health and environmental reasons, companies in the market are exploring new ways to incorporate plant-based ingredients into their products.

· This trend is expected to attract a new generation of consumers who are looking for healthy and sustainable food options.

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Recent News and Trends:

· The frozen yogurt market is a dynamic and evolving industry, with several recent news and trends shaping its trajectory.

· One major trend in the frozen yogurt market is the increasing popularity of probiotics. Probiotics are live bacteria that are believed to promote digestive health and boost the immune system.


· Another trend in the frozen yogurt market is the rise of plant-based options. As consumers become more health conscious and environmentally aware, they are seeking out plant-based diets and products.

· In terms of recent news, the frozen yogurt market has seen several notable acquisitions and partnerships. In 2021, private equity firm L Catterton acquired frozen yogurt chain Menchie's, signaling confidence in the growth potential of the market. In addition, companies such as Yogurtland and Pinkberry have partnered with major brands to offer co-branded products and expand their reach to new audiences.





Key factors Analysed:

· Market Players & Competitor Analysis: The report covers the important key players of the enterprise which include Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2020 & Sales through Product Types.

· Global and Regional Market Analysis: The report consists of Global & Regional marketplace popularity and outlook for 2021-2027. Further, the report gives ruin down information about every region & international location included within the report. Also, it is identifying its production, consumption, import and export, income volume & sales forecast.


· Market Analysis through Product Type: The record covers the majority of Product Types within the Froyo Industry, which include its product specs through every key player, volume, income through Volume, and Value (USD).

· Market Analysis through Application Type: Based on the Froyo Industry and its applications, the marketplace is sub-segmented into numerous principal Applications of its enterprise. It gives you the marketplace size, CAGR & forecast through every enterprise application.


· Market Trends: Market key tends to encompass Increased Competition and Continuous Innovations.

· Opportunities and Drivers: Identifying the Growing Demands and New Technology.


· Porter's Five Force Analysis: The report will offer the kingdom of opposition in enterprise relying on 5 simple forces: the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, the threat of substitute products or services, and present industry rivalry.




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Assess the manufacturing processes, foremost issues, and answers to mitigate the development risk.
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To recognize the future outlook and prospects for the market.
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Highlights of the table of contents:

1. Introduction
2. Market Overview
3. Consumer Demographics and Trends
4. Supply Chain Analysis
5. Restraints and Challenges
6. Recent News and Trends
7. Views of Other Reports
8. Brighter Outlook
9. Conclusion

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This release was published on openPR.