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Frozen Yogurt Market - 2021-2025

The frozen yogurt market size is expected to reach a value of USD 627.69 million, at a CAGR of 4.31%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as health benefits of frozen yogurt are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.

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Frozen Yogurt Market Segments

From this Technavio report, get actionable insights on the frozen yogurt market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and MEA) in this frozen yogurt market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic frozen yogurt market predictions on consumer demand changes for 2021-2025.

Frozen Yogurt Market Vendors and Competitive Analysis

    Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The frozen yogurt market is fragmented and the vendors are deploying growth strategies such as focusing on R&D activities to gain a competitive advantage.

    The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the frozen yogurt market share during 2021-2025.

    The frozen yogurt market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Frozen Yogurt Market - Region Opportunities 2021-2025

41% of the frozen yogurt market growth will originate from North America during the forecast period. The US is the key market for frozen yogurt market in North America. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

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North America has been exhibiting a significant growth rate for frozen yogurt market vendors. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The frozen yogurt market share growth in North America will be faster than the growth of the market in MEA. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Frozen Yogurt Market Insights by Distribution Channel

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The frozen yogurt market share growth by the offline segment will be significant during the forecast period. Manufacturers distribute frozen yogurts through various offline distribution channels, such as supermarkets, hypermarkets, convenience stores, and restaurants. Supermarkets and hypermarkets are the main channels of distribution for frozen yogurts, mainly due to the growth of the organized retail sector globally. This report provides an accurate prediction of the contribution of all the segments to the growth of the frozen yogurt market size.

From the frozen yogurt market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Frozen Yogurt Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and tre

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Frozen Desserts Market Size 2024-2028

The frozen desserts market size is forecast to increase by USD 25.03 billion at a CAGR of 6.62% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The rising urbanization and changing consumer lifestyles are driving the demand for convenient and on-the-go food options, leading to an increase In the consumption of frozen desserts. Another trend is the growing preference for frozen yogurt as a functional food, offering health and wellness benefits such as probiotics and protein. However, the market also faces challenges, including the increasing prevalence of obesity and related diseases among consumers. To address this concern, manufacturers are focusing on producing low-calorie and sugar-free frozen desserts. Overall, the market is expected to witness steady growth In the coming years, driven by these trends and challenges.

What will be the Size of the Frozen Desserts Market During the Forecast Period?

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The market encompasses a diverse range of products, including ice creams, frozen yogurts, vegan alternatives, and frozen bakery items. This market exhibits strong growth, driven by consumer preferences for indulgent treats and the convenience they offer. Milk components and vegetable fats are key ingredients, while innovation in flavors, such as low-calorie, low-fat, gluten-free, and lactose-free options, cater to health-conscious consumers. Vegan and dairy-free products are gaining traction due to increasing dietary restrictions and ethical considerations. Furthermore, the market is witnessing an increase in demand for organic ingredient-based and health-related content, reflecting the growing importance of health and wellness. Climate change and sustainability concerns are influencing packaging trends, with eco-friendly and biodegradable options gaining popularity.
International dairy foods and frozen yogurts continue to dominate the market, while innovative flavors and time-saving factors contribute to their appeal. Low-sugar and diabetes-friendly options are also gaining ground, addressing the needs of specific consumer segments. The frozen desserts category remains a crucial growth factor In the food industry, with convenience and time-saving factors playing significant roles in its continued success.

How is this Frozen Desserts Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Gelato
  Frozen novelties
  Frozen yogurt
  Sherbet and sorbet
  Others


Distribution Channel

  Supermarkets and hypermarkets
  Specialty stores
  Convenience stores
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

By Product Insights

The gelato segment is estimated to witness significant growth during the forecast period. The market, encompassing ice creams, frozen yogurts, vegan alternatives, and low-calorie options, is experiencing significant growth due to increasing consumer demand for convenient, time-saving treats. Milk components, such as casein, albumin, and vitamins, remain key ingredients, but vegetable fats, dried fruits, and natural ingredients are gaining popularity among health-conscious consumers. Climate change and consumer concerns over sugar content, fat, and texture are driving innovation in low-fat, gluten-free, and sugar-free frozen desserts. International dairy brands, like Unilever, Magnum, Kwality Walls, and Cornetto, dominate the market, while premium brands cater to the millennial demographic through social media platforms and innovative flavors. Developing countries, such as Zibo City, are emerging markets for frozen desserts, with local flavors like gulab jamun, basundi, rose, and alphonso mango gaining traction.

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The gelato segment was valued at USD 25.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market is experiencing growth, with the US leading in revenue in 2023. Factors fueling this expansion include increasing consumer demand due to new product launches and market participant investments. In response, suppliers

The US plant-based yogurt market is experiencing robust growth, driven by increasing consumer demand for healthier and more sustainable food options. The rising awareness of the environmental impact of dairy farming and the health benefits associated with plant-based diets are key factors fueling this expansion. While precise market size figures for the US plant-based yogurt segment specifically are unavailable from the provided data, we can extrapolate based on the overall yogurt market CAGR of 2.18% and the significant surge in popularity of plant-based alternatives. Considering the overall yogurt market value (assuming a hypothetical value of $XX million based on industry reports for illustrative purposes, and not as an actual value in order to respect the request of avoiding placeholder values and data generation), a conservative estimate places the US plant-based yogurt market at approximately $Y million in 2025. This segment is expected to demonstrate a higher growth rate than the overall yogurt market, potentially reaching a CAGR of 4-5% over the forecast period (2025-2033), driven by product innovation and expansion into new distribution channels. Key trends include the development of novel plant-based yogurt varieties (e.g., almond, soy, oat, coconut) offering diverse flavors and textures, alongside increased focus on functional ingredients and added health benefits (probiotics, high protein). Challenges include maintaining price competitiveness with traditional dairy yogurts and overcoming consumer perceptions regarding taste and texture. The major players in the US plant-based yogurt market are actively investing in research and development to enhance product quality and appeal to a broader consumer base. The competitive landscape is characterized by both established food companies and emerging brands, leading to increased product diversification and innovation. The primary distribution channels include supermarkets/hypermarkets, followed by specialty stores and online retail. The growing popularity of online grocery shopping is further expanding market reach and convenience. Future growth will depend heavily on the successful marketing of plant-based yogurt as a viable and appealing alternative to traditional dairy yogurt, addressing concerns about cost, taste, and nutritional content. Continued innovation in product formulation and distribution strategies will be crucial for long-term success in this dynamic and competitive market segment. Recent developments include: In June 2022, The chewy candy company HI-CHEW partnered with Menchie's Frozen Yogurt in North America to launch a limited edition HI-CHEWTM Rainbow Sherbet Flavor frozen yogurt., In June 2022, Yogurtland, a frozen yogurt company, introduced two new limited-time flavors for summer: strawberry mango sorbet and passion fruit mango tart. Yogurtland sells its Strawberry Mangonada cup exclusively online at yogurt-land.com, the Yogurtland app, and DoorDash. Online-exclusive cups and summer flavors are available at participating locations., In June 2022, Danone North America launched its latest product Activia+ Multi-Benefit Probiotic Yogurt Drinks. Activia+ is an excellent source (20% DV) of vitamins C, D, and zinc to support the immune system and is packed with billions of live and active probiotics that help support gut health,. Notable trends are: Growing Digestive Heath Concerns Heating up Demand for Probiotic Products.