Frozen Yogurt Market to reach USD 2.41 Bn at a CAGR of 4.1 percent over the forecast period

May 13 17:04 2024
Frozen Yogurt Market to reach USD 2.41 Bn at a CAGR of 4.1 percent over the forecast period
Frozen Yogurt Market
Frozen Yogurt Market size was valued at US$ 1.82 Bn. in 2023 and the total revenue is expected to grow at 4.10% through 2024 to 2030, reaching nearly US$ 2.41 Bn.

Frozen Yogurt Market is segmented based on Product Type, Type, Flavor, and Distribution Channel. A bottom-up approach was used to estimate the Frozen Yogurt Market size. Rising demand for options catering to lactose intolerance, veganism, and other dietary restrictions increases the market for non-dairy and sugar-free frozen yogurts.

Maximize Market Research, a global Food & Beverages market research firm has published a market research report on the “Frozen Yogurt Market”. The Frozen Yogurt Market size was valued at USD 1.82 Bn in 2023. The total Frozen Yogurt Market revenue is expected to grow at a CAGR of 4.1 percent from 2024 to 2030, reaching USD 2.41 Bn during the forecast period.

Frozen Yogurt Market Report Scope and Research Methodology

Market Size in 2023: USD 1.82 Billion

Market Size in 2030: USD 2.41 Billion

CAGR: 4.1 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 224.7

No. of Tables: 138

No. of Charts and Figures: 191

Segment Covered: By Product Type, Type, Flavor, and Distribution Channel.

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Frozen Yogurt Market Scope and Research Methodology

The report provides a comprehensive examination of the Frozen Yogurt Market, including a competitive analysis highlighting company profiles, financial performance, product portfolios, and strategic initiatives of leading players in the sector. This comprehensive report delves into crucial aspects including the key drivers of market growth, the obstacles encountered by industry participants, and the potential for global development. It provides a thorough evaluation of market player’s investments expected to grow their global outline, making it an essential tool for investors in search of valuable market intelligence.

The report examines segments including Product Type, Applications, and Services within the Frozen Yogurt market. Data collection employed both Primary and Secondary research methods, with Primary research serving to validate findings from the Secondary research. The size of the Frozen Yogurt market was determined using a bottom-up approach for estimation.

Frozen Yogurt Market Overview

The Frozen Yogurt Market is experiencing significant growth driven by global demand for tart-flavored desserts and the rising consumption of frozen yogurt. The growing demand for healthy foods, particularly among young consumers, and the increasing preference for non-dairy, low-calorie, and high-protein desserts are driving market growth. Major players in the industry are adapting to consumer trends by introducing innovative product portfolios, including organic ingredients, cholesterol-free options, and vegan variants. The market is also witnessing a shift towards e-commerce and online marketing strategies to reach a wide-ranging consumer base, driving growth in the frozen yogurt Market.

Frozen Yogurt Market Dynamics

Frozen yogurt, a fusion combination between the more traditional ice cream dessert and the healthier yogurt products, has become the new way for customers to enjoy their dessert while being conscious of their health. The demand for healthier dessert options has been driven by consumer preferences, with frozen yogurt being seen as a nutritious substitute for ice cream.

The market growth is driven by innovations in flavors and toppings that cater to a wide range of tastes, thereby enhancing the consumer experience. Furthermore, the increasing health consciousness and dietary trends, such as vegetarianism and lactose intolerance, have contributed to the growing demand for dairy-free and probiotic-rich frozen yogurt options. Strategic marketing initiatives, collaborations with cafes and restaurants, and product diversification strategies further contribute to market development.

Frozen Yogurt Market Regional Analysis

North America held the largest Frozen Yogurt Market share accounting for 42 percent in 2023 and is expected to dominate the market over the forecast period. North America dominated early adopters of frozen yogurt, establishing a strong market presence and have higher disposable income, allowing them to spend more on discretionary purchases like frozen yogurt.

Asia Pacific is the fastest-growing region because of increasing urbanization, rising disposable income, changing dietary preferences, and growing awareness of healthier dessert options.

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Frozen Yogurt Market Segmentation

By Product Type

  • Full-Fat
  • Fat-Free
  • Low-Fat

By Type

  • Regular Frozen Yogurt
  • Sugar-Free Frozen Yogurt

By Flavor

  • Mango
  • Strawberry
  • Chocolate
  • Banana
  • Pineapple
  • Others

By Distribution Channel

  • Supermarkets and Hypermarkets
  • Grocery Stores and Department Stores
  • Specialty Stores
  • Online Stores

Based on Type, regular frozen yogurt held the largest market share and is expected to increase with a growing CAGR through the forecast period. Regular Frozen Yogurt dominates the market because of its offers a healthier alternative to traditional ice-cream, making it popular among health-conscious individuals. Regular yogurt caters to people’s preference for sweetness. Sugar adds palatability and enjoyment to the dessert. Sugar-Free Frozen Yogurt is a growing segment within the market due to rising health conscious People. This segment target a specific customer with dietary restrictions, Health goals, like diabetics, weight loss program.

Based on distribution channel, Hypermarket/Supermarket segment held the largest market share in 2024. Supermarket & Hypermarket which gives customers convenience and accessibility, also they provide eye catching displays for yogurt contributes better sale.

Frozen Yogurt market key players include

North America

  • Yogurtland
  • Fields
  • The Hain Celestial Group
  • Honey Hill Farms
  • Crest Foods
  • Nancy’s Yogurt
  • Groupe Lactalis
  • Mixmi
  • Wallaby Organic

Europe

  • Danone
  • Glenisk
  • Groupe Lactalis
  • Weeel
  • Savencia Fromage and Dairy
  • Snog

Asia Pacific

  • Jining Xueyuan Dairy
  • Simple Love Yogurt
  • Meiji Co., Ltd.
  • Yili Group
  • Mengniu Dairy
  • Amul

Middle East & Africa

  • Saudia Dairy and Foodstuff Company
  • Almarai
  • Al Rawabi Dairy Company

South America

  • Lacteas Garcia Baquero
  • Grupo Lala

Key questions answered in the Frozen Yogurt Market are:

  • What are Frozen Yogurt Market?
  • What was the Frozen Yogurt market size in 2024?
  • What is the expected Frozen Yogurt market size by 2030?
  • What is the demand pattern for the Frozen Yogurt market?
  • Which region held the largest share in the Frozen Yogurt market?
  • Who are the key players in the Frozen Yogurt market?
  • What is the growth rate of the Frozen Yogurt Market?
  • Which are the factors expected to drive the Frozen Yogurt market growth?
  • Which segment dominated the Frozen Yogurt market growth?
  • Who is the largest key player in the Frozen Yogurt Market Growth?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different Segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Product Type, Services, and Application.
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Material and Chemical research firm, has also published the following reports:

Frozen Fruit MarketThe total market size was valued at USD 6.9 Bn in 2022 and is expected to reach USD 10.69 Bn by 2029, at a CAGR of 6.45 percent. The frozen fruit market is driven by factors like convenience, longer shelf life, health consciousness, demand for continuous availability, and versatility in culinary applications.

Frozen Meat MarketThe total market size was valued at USD 58.7 in 2022 and the frozen meat market revenue is expected to grow by 4.65 percent from 2024 to 2030, reaching USD 80.69 Bn.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, com~petition analysis, production and demand analysis, and client impact studies.

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