After a detailed analysis of the food and plant-based preservative market, FMI recently published a new report on the frozen yogurt market. As per the analysis, sales of frozen yogurt hold a current valuation of US$ 99.29 billion in 2024.
The frozen yoghurt industry is steadily expanding as consumers seek healthier dessert options. Because of its creamy texture and range of flavours, frozen yoghurt has become a popular alternative to classic ice cream. Rising health consciousness, desire for customised solutions, and distinctive product offerings are driving market expansion.
Freeze-dried yoghurt may contain other dairy ingredients on occasion. The key components of frozen yoghurt are milk fat, milk solids, sweetener (artificial sweeteners such aspartame are used), and yoghurt culture. Frozen yoghurt is known as frogurt. Frozen yoghurt has been a global phenomenon since its introduction in America. Frozen yoghurt has a tarter flavour than ice cream and contains less fat because it is produced from milk rather than cream. It’s soft serve, but not the same as ice cream. Another term for it is low-fat ice cream.
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Market Regional Outlook:
Regional segment for the market of frozen yogurt is segmented into seven different regions: North America, Latin America, APAC, Europe and MEA. Among these region North America is expected to have the major market share globally. Europe has also emerged as a prominent market for frozen yogurt, as the popularity of frozen yogurt is increasing in the countries like France, U.K. and Germany, which is expected to fuel the growth of frozen yogurt.
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.
Frozen Yogurt Market By Category
By Product Type, Frozen Yogurt Market is Segmented as:
Dairy BasedNon-Dairy BasedBy Fat Content, Frozen Yogurt Market is Segmented as:
Full FatLow FatNo FatBy Flavor, Frozen Yogurt Market is Segmented as:
ChocolateStrawberryBananaPineappleMangoLemonadePeachOther FlavorsBy Sales Channel, Frozen Yogurt Market is segmented as:
Offline Sales ChannelSupermarkets/HypermarketsDepartmental StoresConvenience StoreOther Sales ChannelOnline Sales ChannelCompany WebsiteE-commerce Platform
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