Frozen Yogurt Market Analysis
The Global Frozen Yogurt Market is projected to grow at a significant rate of 4.5 % from 2019 to 2024 to reach a market value of USD 8.65 billion by the end of 2024, states the latest Market Research Future (MRFR) report. Frozen yogurt, also popularly known as froyo or frogurt, is a frozen dessert that is prepared with yogurt and at times, other non-dairy and dairy products. Comparted to ice-cream, it is tarter and lower in fat, and is different from conventional soft serve and ice milk.
The frozen yogurt ingredients may vary between brands, yet the main ones include milk (powdered milk (milk solids) or liquid milk, yogurt cultures which are good bacteria such as streptococcus thermophilus and lactobacillus bulgaricus, and sugar (mostly regular table sugar or sugar substitutes such as agave nectar). There are some that contain stabilizers and flavorings to improve their texture and taste. When it comes to frozen yogurt flavors, the list includes everything from vanilla, chocolate, mango, cookies and cream, red velvet, cake batter, lemon, and many more.
Notable players profiled in the Frozen Yogurt Market report include Chobani, LLC (US), Twisted Frozen Yoghurt (Australia), Wells Enterprises (US), Frosty Boy (Australia), Unilever (UK), Danone (France), 16 Handles (US), Red Mango, LLC. (US), Yogurtland Franchising, Inc. (US), Gujarat Cooperative Milk Marketing Federation Ltd (India), General Mills, Inc. (US), Kahala Franchising, L.L.C.(US), Menchie's (US), Nestlé SA (Vevey, Switzerland), and TCBY (US).
The Market Research Future report provides an all-inclusive segmental analysis of the Frozen Yogurt Market based on the distribution channel, product type, and category.
By Category, the Frozen Yogurt Market is segmented into lactose-free and conventional.
By Product Type, the Frozen Yogurt Market is segmented into low-fat, fat-free, and full-fat.
By Distribution Channel, the Frozen Yogurt Market is segmented into non-store based and store based. The store-based segment is again segmented into convenience stores, hypermarkets, supermarkets, and others.
By region, the Frozen Yogurt Market report covers the latest trends and growth opportunities across the Asia Pacific, North America, Europe, and the Rest of the World. Of these, North America will have lion’s share in the market during the forecast period. Factors pushing the growth of the Frozen Yogurt Market in the region include the presence of several key players in the region that are offering innovative products, constant creation of new flavors, easy availability of yogurt in different flavors, demand for low-calorie desserts, and growing awareness about the health benefits of frozen yogurt.
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