Frozen Yogurt Market increasing at a phenomenal pace to reach $2357.56 Million By 2032

Major companies 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, and Nestle. These players are set to bolster the development of global frozen yogurt market.

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.

This review is based on a report by Zion Market Research, titled “Global Frozen Yogurt Market by Fat Content (Low Fat and No Fat), By Type (Regular Frozen Yogurt and Sugar Free Frozen Yogurt), By Flavor (Peach, Chocolate, Strawberry, Banana, Lemonade, Pineapple and Other Flavors), By Distribution Channels (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, Grocery Stores and Other Distribution Channels): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023 – 2032.”

Health consciousness amongst consumers leading to growth

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, who 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.

Presence of big players in the region support North American dominance

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 competences 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.

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.

Browse the full “Global Frozen Yogurt Market by Fat Content (Low Fat and No Fat), By Type (Regular Frozen Yogurt and Sugar Free Frozen Yogurt), By Flavor (Peach, Chocolate, Strawberry, Banana, Lemonade, Pineapple and Other Flavors), By Distribution Channels (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, Grocery Stores and Other Distribution Channels): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023 – 2032.” Report at https://www.zionmarketresearch.com/report/frozen-yogurt-market

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

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