Frozen Yogurt Market 9.23 CAGR Growth Outlook 2024-2030

Key Insights

The Frozen Yogurt Market size was valued at USD 1.63 USD Billion in 2023 and is projected to reach USD 3.02 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. The frozen yoghurt market has, behold, a positive trend in general on account of the development of health concerns. A popular form with its creamy texture and flavours that one can choose from rich, regular, low-fat, non-fat or sugar-free. A sophisticated freezing process preserves the quality aspect. Its lower fat and calorie content attracts well-informed consumers, hence it drives its sales as a guilt-free pleasure. Witnessing the extension of this market has made for creativity to be used in flavour development, which in turn has resulted in higher pleases of consumers.   

Frozen Yogurt Trends

• Growing demand for plant-based frozen yoghurt options
• Emergence of innovative flavours and toppings
• Increasing popularity of self-serve frozen yoghurt outlets

Driving Forces: What's Propelling the Frozen Yogurt Market

• Health consciousness among consumers
• Availability of a wide variety of flavours and toppings
• Convenience and affordability of self-serve options

Challenges and Restraints in the Frozen Yogurt Market

• Seasonality of frozen yoghurt consumption
• Competition from other frozen dessert options
• Regulatory issues and health concerns associated with artificial ingredients

Emerging Trends in Frozen Yogurt

• Personalization and customization of frozen yoghurt products
• Use of organic and natural ingredients
• Integration of technology in self-serve outlets

Growth Catalysts in the Frozen Yogurt Industry

• Increasing penetration of Western-style frozen yoghurt chains in emerging markets
• Strategic collaborations and partnerships among players in the industry
• Government initiatives promoting healthy eating habits

Market Segmentation: Frozen Yogurt Analysis

Flavours:

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

Segments:

• Self-serve
• In-store
• Take-out

Leading Players in the Frozen Yogurt Market

• Danone (Paris, France)
• Pinkberry (California, U.S.)
• Honey Hill Farms (Russellville, U.S.)
• Scott Brothers Dairy (Chino, U.S.)
• Yogurtland Inc. (California, U.S.)
• Gujarat Cooperative Milk Marketing Federation (Gujarat, India)
• Nestle S.A. (Vevey, Switzerland)
• General Mills (Minnesota, U.S.)

Significant Developments in the Frozen Yogurt Sector

• Danone launched its new Activia Frozen Probiotic Yogurt in 2023.
• Pinkberry introduced its new line of vegan frozen yoghurt in 2022.
• Yogurtland partnered with Grubhub to offer delivery services in 2021.

Comprehensive Coverage Frozen Yogurt Market Report

The comprehensive Frozen Yogurt Market Report provides detailed insights into the market dynamics, competitive landscape, regional analysis, and future growth prospects, offering valuable guidance for industry participants and investors.

Regional Insight

North America remains the dominant regional market for frozen yogurt, capturing a significant share of global sales. Factors contributing to its leadership position include well-established distribution networks, a high concentration of major players, and a strong consumer preference for frozen treats. Europe and Asia-Pacific follow closely, with promising growth potential driven by rising disposable incomes and changing consumer lifestyles.

Emerging markets, such as China and India, are expected to witness exponential growth due to increasing consumer awareness about the health benefits of frozen yogurt and a growing middle class with higher disposable income. These markets present significant opportunities for expansion and innovation within the frozen yogurt industry.

Consumer Side Analysis

Consumers are increasingly seeking healthier and affordable alternatives to traditional frozen desserts, driving the demand for frozen yoghurt. Self-serve outlets provide consumers with the convenience and flexibility to customize their treats.

DROCs

• Drivers:
  • Increased health consciousness among consumers
  • Continuous product innovation and diversification of flavors and toppings
  • Convenience factor associated with frozen yogurt as a grab-and-go snack
• Restraints:
  • Seasonality of frozen yogurt consumption, particularly in colder regions
  • Intense competition within the frozen yogurt market, including from established food and beverage companies
• Opportunities:
  • Expansion into emerging markets with growing consumer demand
  • Technological advancements in production and distribution processes
• Challenges:
  • Regulatory issues and compliance with food safety standards
  • Balancing health claims with potential consumer concerns about sugar and calorie content

SWOT Analysis

• Strengths: Wide variety of flavours, health benefits, affordability
• Weaknesses: Seasonality, limited nutritional value
• Opportunities: Expansion in emerging markets, personalization
• Threats: Competition from other frozen desserts, health concerns