Worldwide Frozen Yogurt Market Estimated to Grow at CAGR of 14.5% During 2018 to 2023 | Asserts MRFR

“Global Frozen Yogurt Market Information”
Frozen Yogurt Market – By Product-Type (Frozen Greek Yogurt), Flavors (Plain and Strawberry), Specialty-Food Type (Gluten-Free and Lactose-Free), Distribution Channel (Hypermarket and Supermarket and Convenience Stores) and Region – Forecast to 2022

Market Overview:

Changing lifestyle and increasing disposable income of the consumers has influenced the growth of Frozen Yogurt market. The higher demand for low-calorie food products is driving the market for frozen yogurt as they have low-calorie content. Mainly, increasing health consciousness amongst the consumers is having a positive impact on the growth of frozen yogurt market share. Key Players from U.S. are following strategies of merger and acquisition of small players, also they have planned strategic expansion to spread their business in various other regions due to high demand of the product. Spain and Italy are amongst the major key players exporting frozen yogurt to various countries.

Global Frozen Yogurt Market is projected to grow at the CAGR of 14.5%. The innovation in flavors has a positive impact on the growth of frozen yogurt as a frozen dessert. Sale of frozen yogurt amongst the health conscious consumers experiencing a high surge based on the high nutrient value obtained from it. Frozen yogurt provide fair amount of protein content which is supporting the increase in its market value globally. Shift in consumption pattern due to urbanization has resulted in higher consumption of frozen yogurt fueling up the market share.

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Major Key Players:

This report includes a study of strategies such as mergers and acquisitions, product launches by the major frozen yogurt market players. It further includes product portfolios, developments of leading major players which includes

The key players profiled in the Global Frozen Yogurt Market are Menchie’s Frozen Yogurt (U.S.), Pinkberry (U.S.), General Mills, Inc. (U.S.), Amul (India), Yogurtland Franchising, Inc. (U.S.), TCBY (U.S.), Red Mango, Inc (U.S.), 16 Handles (U.S.), Danone (France)

Frozen Yogurt Market is segmented on the basis of product-type, flavor, specialty food-type, distribution channel and region. Based on the product-type the frozen Greek-yogurt segment is found to be escalating at a high CAGR. Amongst the various available flavors, plain and strawberry is calculated to be dominating the segment. Low-calorie frozen yogurt is escalating at a higher growth rate than other specialty food-type segments. Top five exporters of frozen yogurt include U.S., France, Germany, Spain and Austria

Market Segments:

  • Frozen yogurt has been segmented on the basis of specialty food-type which comprises gluten-free, lactose-free, low-fat, low-calorie and others. Low-calories segment is projected to grow at a high CAGR.
  • Frozen yogurt product has been segmented on the basis of product-type which comprises Frozen Greek Yogurt and Frozen Regular Yogurt. Amongst these two segments, frozen Greek-yogurt is experiencing a high growth rate based on the nutrient values.
  • Frozen yogurt product has been segmented on the basis of flavors which comprises plain, strawberry, banana, berries and other. Plain flavor is found to be consumed more as compared to other flavors.
  • Frozen yogurt has been segmented on the basis of distribution channel which comprises hypermarket and supermarket, convenience stores, retailers, specialty stores and others. Sale through hypermarket and supermarkets is evaluated to hold a major share amongst the distribution channel.

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Regional Analysis:

The Global Frozen Yogurt Market is segmented into Europe, North America, Asia Pacific, and rest of the world (ROW). Among these North America region has the major market share followed by Europe. However, based on the improving economic conditions amongst various countries of Asia-Pacific region, the consumption of frozen yogurt is anticipated to experience a surge. Germany is the major exporters of frozen yogurt and exports to U.K., France, Italy, Brazil, Netherlands and Belgium. In addition, U.K., Italy, Spain, Portugal and Belgium are considered the major importers of frozen yogurt.

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