World Frozen Yogurt Market Expected to Grow at CAGR of 14.5% by Forecast to 2022

Market Overview

Yogurt is a food produced by bacterial fermentation of milk which produces lactic acid, generally flavored by adding fruit pulp. It is chosen over the normal yogurt as it offers some extra micronutrients such as proteins, calcium, probiotics, prebiotics and different vitamins. It involves the process of adding micronutrients to yogurt which are generally consumed by consumers of different age. It is enriched with various nutrients, offer diverse range of products. The product comes in two types such as plain & flavored, of which flavored dominates the market.

The rise in disposable income, along with a changing consumption pattern, is estimated to drive the growth of this market. The increase in cognizance of the health benefits of the yogurt is also a key driver of this market. The increase in demand from the developing economies due to involvement of organized sector will also provide boost to the industry’s growth. These factors will support the growth of fortified yogurt market during the forecast period 2017-2023.

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Competitive Analysis-

The Major Key Players in Frozen Yogurt Market are

• Yogurtland Franchising, Inc. (U.S.)
• Menchie's Frozen Yogurt (U.S.)
• Pinkberry (U.S.)
• TCBY (U.S.)
• Red Mango, Inc (U.S.)
• 16 Handles (U.S.)
• Danone (France)
• General Mills, Inc. (U.S.)
• Amul (India)

Established players from North America and Europe are following strategies innovations in their-product line to expand their business in other regions due to increasing demand of frozen yogurt. They are mainly focused on increasing their supply to developed regions where the demand of product is raising. In the Europe region, Spain and Italy are amongst the dominating countries holding a major share in frozen yogurt market and exports the product in various other countries of Europe which include Netherlands, France, U.K. and others.

Regional Analysis

Frozen Yogurt Market is segmented into Europe, North America, Asia Pacific, and rest of the world (ROW). Among these North America region has the major market share followed by Europe. U.S. is found to be concentrated with the established key players in the frozen yogurt market. Raising consumption of frozen desserts imparting high health benefits is supporting the growth of the market in developed countries of North America and Europe region. Italy, Spain, U.K., Portugal and Belgium are the major importers of frozen yogurt.

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The Fortified Yogurt market is segmented under the following regions
mentioned below:

North America
• US
• Canada
• Mexico

Europe
• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe

Asia-Pacific
• China
• India
• Japan
• Thailand
• Rest of Asia Pacific

Rest of the world
• Latin America
• Middle East
• Others

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This release was published on openPR.