Frozen Yogurt Market Sees Bright Future: Projected to Reach USD 3 Billion by 2032 | Future Market Insights

The Frozen Yogurt market demonstrates steady growth, with a projected size of USD 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.

As more people opt for healthier dessert options, the market for frozen yoghurt is growing rapidly. Because of its creamy texture and wide variety of flavours, frozen yoghurt has become more and more popular as an alternative to traditional ice cream. The market is expanding due to growing health awareness, a demand for tailored solutions, and unique product offerings.

Occasionally, freeze-dried yoghurt will contain additional dairy components. Milk fat, milk solids, sweetener (artificial sweeteners such aspartame are employed), and yoghurt culture are the basic components of frozen yoghurt. The term "frogurt" is used to describe frozen yoghurt. Frozen yoghurt was first popularised in America and has since spread all over the world. Frozen yoghurt occasionally tastes tarter than ice cream and has less fat because it is made with milk rather than cream. It is a straightforward soft serve, but it's not ice cream. Another name for it is low-fat ice cream.

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Market Regional Outlook:

The frozen yoghurt market is divided regionally into seven areas: North America, Latin America, APAC, Europe, and MEA. North America is anticipated to hold the largest worldwide market share among these regions. Due to the growing popularity of frozen yoghurt in nations like France, the United Kingdom, and Germany, which is anticipated to fuel the market's expansion, Europe has also become a significant frozen yoghurt market.

Market Drivers:

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:

Chocolate
Strawberry
Banana
Pineapple
Mango
Lemonade
Peach
Other Flavors

-By Sales Channel, Frozen Yogurt Market is segmented as:

Offline Sales Channel
Supermarkets/Hypermarkets
Departmental Stores
Convenience Store
Other Sales Channel
Online Sales Channel
Company Website
E-commerce Platform

-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?

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

This release was published on openPR.