Frozen Yogurt Market Size, Share, Trends, Growth 2032

Global Frozen Yogurt Market Insights

According to Zion Market Research, the global Global Frozen Yogurt Market was worth USD 1287.5 Million in 2023. The market is forecast to reach USD 2357.56 Million by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Global Frozen Yogurt Market industry over the next decade.

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Frozen Yogurt Market: Overview

Frozen yogurt is a frozen dessert made mostly of yogurt with a few other dairy products thrown in for good measure. Milk fat, milk solids, sweetener (artificial sweetener such as aspartame is used), and yogurt culture are the main ingredients in frozen yogurt. Frozen yogurt is also referred to as frogurt. Frozen yogurt is a popular dessert that originated in America and is now enjoyed all over the world. Frozen yogurt is generally tarter than ice cream and has a lower fat content due to the use of milk rather than cream. It's a traditional soft serve, but it's nothing like ice cream.

Low-fat light ice cream is another name for it. FDI does not regulate frozen yogurt, unlike regular yogurt. People believe frozen yogurt is a probiotic, but this isn't always the case; frozen yogurt may or may not contain live and active bacteria cultures. Frozen yogurt also contains vegetable additives like guar gum, carrageenan, and animal gelatin to help stabilize the yogurt and prevent it from crystallizing at low temperatures.

COVID-19 Impact Analysis

Several governments around the world have implemented strict lockdown and social isolation policies. Market closures, a drop in demand for various foods and beverages, and market closures have all contributed to the market's decline. Revenue generation in the food services sector, as well as other food industries such as bakery, dairy, and beverage servings, has decreased significantly. Since January 2020, revenue generation in the food services sector and other food industries such as bakery, beverage servings, and dairy has decreased significantly, resulting in lower frozen yogurt sales.

Frozen Yogurt Market: Growth Factors

Consumers are becoming more health conscious these days, preferring low-fat, low-sugar desserts, and frozen yogurt has emerged as the best alternative to unhealthy desserts, as frozen yogurt meets both of these requirements, and these factors are expected to drive the frozen yogurt market. Another factor that is expected to boost frozen yogurt sales is the availability of these products through online retailers, which offer a wide variety of frozen yogurt. Furthermore, online stores provide frozen yogurt with attractive discounts or coupons.

All of these advantages are expected to contribute to the global frozen yogurt market's growth during the forecast period. The popularity of frozen yogurt is also fueled by children's desire for a refreshing ice cream alternative. In the summer, kids prefer chilled desserts, and frozen yogurt is a great way to meet their needs. Furthermore, increasing organized player penetration ensures a highly competitive market scenario, resulting in the launch of a growing variety of frozen yogurts, which is expected to significantly boost global frozen yogurt growth over the forecast period.

Fat content segment analysis preview

The frozen yogurt market is divided into two categories based on fat content: low fat and no fat. The low-fat frozen yogurt is made with part-skim milk or low-fat milk, with a milk fat percentage ranging from 2% to 0.5 percent. Skim milk with less than 0.5 percent milk fat is used to make no-fat frozen yogurt.

Type Segment Analysis Preview

The market is divided into two types: regular frozen yogurt and sugar-free frozen yogurt. The market for sugar-free frozen yogurt is expected to be the largest. The factors can be attributed to an increase in global health consciousness and the use of sweeteners in regular frozen yogurt.

Flavor Segment Analysis Preview

The market is divided into chocolate, peach, mango, strawberry, lemonade, banana, pineapple, and other flavors. Because mango and strawberry flavors are the most popular around the world, they are expected to grow at the fastest rate during the forecasted period.

Distribution Channel Segment Analysis Preview

The market is divided into supermarkets/hypermarkets, online stores, specialty stores, grocery stores, and others based on the distribution channels. Frozen yogurt sold in specialty stores is expected to have a higher revenue share in the frozen yogurt market than frozen yogurt sold in supermarkets and hypermarkets.

Global Frozen Yogurt Market: Report Scope

Frozen Yogurt Market: Regional Analysis Preview

The United States has a significant market share in North America, where consumer preferences are shifting away from dairy-based frozen yogurt and toward non-dairy-based frozen yogurt products, particularly among high-income consumers. Through innovative product portfolios, manufacturers with strong consumer insights, capabilities, and best-in-class product development competencies are attracting more customers. The availability of frozen yogurt in a variety of flavors offered by both local and national players, along with the promise of health benefits and an exceptional flavor experience, is also driving frozen yogurt sales in the country.

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Frozen yogurt is sure to be a hit in China, thanks to rising demand for low-fat, healthy foods, which will likely encourage people to spend more on these items. Consumer income levels are expected to rise, as are manufacturing capabilities, the country's premiumization trend, and consumer adoption of premium products, all of which are expected to contribute to increased demand for frozen yogurts in China.

Frozen Yogurt Market Players & Competitive Landscape

Some of key players in frozen yogurt market include

• Menchie's Frozen Yogurt Company
• Pinkberry
• Honey Hill Farms
• Scott Brothers Dairy
• Red Mango, Inc
• Yogurtland Inc
• Gujarat Cooperative Milk Marketing Federation Ltd
• TCBY
• Nestle

The global frozen yogurt market is segmented as follows:

By Fat Content

• Low Fat Hair
• No Fat Facial

By Type

• Regular Frozen Yogurt
• Sugar Free Frozen Yogurt

By Flavor

• Peach
• Strawberry
• Chocolate
• Banana
• Lemonade
• Pineapple
• Other

By Distribution Channels

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• Grocery Stores
• Other Distribution Channels

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa