Press release
Global Frozen Yogurt Market Expected to Hit US$ 2.33 Bn by 2029, Showing 4.10% CAGR - Key Players: Golden Spoon, Handel's Homemade Ice Cream & Yogurt, I Can't Believe It's Yogurt!
Global Frozen Yogurt Market Report Scope and Research Methodology:The Global Frozen Yogurt Market Report provides a comprehensive analysis of the market size, trends, growth opportunities, and competitive landscape. It offers insights into the various factors influencing the market, including drivers, restraints, challenges, and opportunities. The report covers a detailed analysis of the market segmentation based on product type, distribution channel, and region. It also includes a thorough examination of the competitive landscape, profiling key players, and their strategies to gain a competitive edge in the market. The research methodology includes primary and secondary research, ensuring the accuracy and reliability of the data and information presented in the report.
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What are Global Frozen Yogurt Market Dynamics:
The Global Frozen Yogurt Market is driven by several key dynamics, including the increasing health consciousness among consumers. There is a growing demand for low-fat, low-sugar desserts like frozen yogurt, which serve as a healthier alternative to traditional, more calorie-laden desserts. Frozen yogurt meets this demand, making it a popular choice among health-conscious individuals. Additionally, the market is fueled by the need for substitutes to unhealthy desserts, with frozen yogurt offering a satisfying and healthier option.
The rise in sales of frozen yogurt, particularly through online channels, is another significant driver. Online shops provide a wide variety of frozen yogurt flavors, often with attractive discounts or coupons, which appeals to consumers looking for convenient shopping options. Moreover, children's preference for chilled treats during the summer months contributes to the market growth. The increased presence of organized players in the market and the growing demand for non-dairy products made from almond milk and soymilk further propel market expansion.
Young adult females are a key demographic in the frozen yogurt market, with consumers aged 18-35 accounting for a significant portion of sales. In contrast, those over 51 years old account for a smaller share. Women reportedly contribute more than 70% of the industry's revenue, highlighting their strong preference for frozen yogurt. Additionally, the launch of an expanding variety of frozen yogurt flavors and products during the forecast period is expected to enhance the market's profitability and attract more consumers to the segment.
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Global Frozen Yogurt Market Regional Insights:
In North America, particularly the United States, is expected to contribute significantly to the growth of the global frozen yogurt market, accounting for approximately 42% of the market growth. The United States leads the frozen yogurt market in North America, driven by factors such as the introduction of new ingredients with significant health benefits, the use of alternative sweeteners, and the introduction of novel flavor profiles. For example, in 2022, the United States served nearly 121 million gallons of frozen yogurt annually, indicating a strong demand for this product. Additionally, the market in the United States is characterized by the presence of key manufacturers with significant market shares. Companies such as Menchie's, with a market share of 13.6%, TCBY with 10.8%, Yogurtland with 10.6%, Sweet Frog with 10.4%, and Red Mango with 7.8%, are among the leading players in the US market, contributing to its robust growth.
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What is Global Frozen Yogurt Market Segmentation:
In the global frozen yogurt market, the segmentation based on type includes Regular Frozen Yogurt and Sugar-Free Frozen Yogurt. The Sugar-Free Frozen Yogurt segment is anticipated to capture the largest market share by 2029, accounting for xx% of the market. This trend is primarily driven by the increasing health consciousness among consumers and their preference for sugar-free products.
Furthermore, the market is segmented by product type into Full-Fat, Fat-Free, and Low-Fat frozen yogurt. Among these, the Low-Fat frozen yogurt segment is expected to exhibit the highest CAGR of % during the forecast period from 2022 to 2029. Low-fat frozen yogurt is typically made from part-skim milk or low-fat milk, containing a milk fat content ranging from 2% to 0.5%. Additionally, no-fat frozen yogurt is made from skim milk with less than 0.5% milk fat. This segment's growth is expected to be driven by the increasing demand for healthier alternatives, which will contribute to revenue growth and overall market expansion.
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Who are Global Frozen Yogurt Market Key Players:
1. Chocolate Shoppe Ice Cream Company
2. Frosty Boy
3. Golden Spoon
4. Handel's Homemade Ice Cream & Yogurt
5. I Can't Believe It's Yogurt!
6. Llaollao
7. Menchie's Frozen Yogurt
8. Orange Leaf Frozen Yogurt
9. Pinkberry
10.Red Mango
11.Sour Sally
12.Sweet Frog
13.TCBY
14.Tutti Frutti Frozen Yogurt
15.Wakaberry
16.Yogen Früz
17.Yogoberry
18.Yogurt Mountain
19.Yogurtland
20.Yumilicious
Table of content for the Frozen Yogurt Market includes:
1. Global Frozen Yogurt Market: Research Methodology
2. Global Frozen Yogurt Market: Executive Summary
● Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry
3.Global Frozen Yogurt Market: Competitive Analysis
● MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact
4 . Company Profile: Key players
● Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
● Past Market Size and Competitive Landscape (2023 to 2029)
● Past Pricing and price curve by region (2023 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2023-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations
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