Global Frozen Yogurt Market, By Category (Conventional, Lactose Free), Flavour (Mango, Chocolate, Strawberry, Banana, Others), Product Type (Full-Fat, Fat-Free, Low-Fat), Distribution Channel (Store-Based, Non-Store Based) – Industry Trends and Forecast to 2029
Frozen Yogurt Market Analysis and Size
The primary factor driving the market in the medium term is increased consumer preference for non-dairy, low-calorie, high-protein, and healthier desserts. Furthermore, the growing popularity of low-fat frozen yoghurt and the introduction of healthy product variants in a variety of flavours are likely to provide consumers looking for a healthy alternative to frozen desserts with a plethora of options. Furthermore, busy lifestyles, combined with health and wellness concerns, are driving consumers to choose convenient frozen dessert-based snacks and frozen yoghurt as meal replacements.
Data Bridge Market Research analyses that the frozen yogurt market was valued at USD 7.93 billion in 2021 and is expected to reach the value of USD 10.75 billion by 2029, at a CAGR of 5.8% during the forecast period. The rising demand for low-fat and fat-free yoghurt will drive the frozen yoghurt market's growth rate.
Market Definition
Frozen yoghurt is a dairy product made from fermented milk with bacteria such as lactobacillus bulgaricus and streptococcus thermophilus. Non-dairy ingredients such as almond milk and soymilk are also included in these yoghurts. Frozen yoghurt is a popular frozen treat high in calcium, potassium, and protein.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Category (Conventional, Lactose Free), Flavour (Mango, Chocolate, Strawberry, Banana, Others), Product Type (Full-Fat, Fat-Free, Low-Fat), Distribution Channel (Store-Based, Non-Store Based)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Chr. Hansen Holding A/S (Denmark), Yakult Honsha Co., Ltd (Japan), Nestlé (Switzerland), DuPont (US), MORINAGA & CO., LTD (Japan), BioGaia AB (Sweden), Protexin (UK), Daflorn Probiotics UK (UK), DANONE (France), Yakult U.S.A. Inc. (US), Deerland Enzymes, Inc. (US), UAS Laboratories (US), Goerlich Pharma GmbH (Germany), SANZYME BIOLOGICS PVT. LTD. (India), DSM (Netherlands), NutraScience Labs (US),Kerry Group plc (Ireland), Lallemand Inc. (Canada), Lonza (Switzerland), Winclove Probiotics (Netherlands), Probi (Sweden)
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Opportunities
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Frozen Yogurt Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Rising popularity of low-fat desserts
The rising popularity of low-fat, low-sugar desserts will propel the frozen yoghurt market. Furthermore, rising demand for refreshing ice cream alternatives by children and rising consumer health awareness are some macroeconomic factors that are positively impacting the global frozen yoghurt market
- Rising disposable income and rising urbanisation
Another important factor is the growing demand for healthy dessert alternatives, and frozen yoghurts meet both of these needs, which will accelerate the frozen yoghurt market's growth rate. The rise in disposable income and increasing urbanisation will boost the frozen yoghurt market's growth rate
Opportunity
Increasing frozen yoghurt sales, primarily through online platforms, as online retailers offer a wide variety of frozen yoghurt, will accelerate the frozen yoghurt market's growth rate.
Restraints
However, rising concerns about the high sugar and fat content of the product will slow the market's growth rate. Furthermore, the negative impact of COVID-19 on production and supply chain will impede the overall growth of the frozen yoghurt market. Moreover, the availability of substitutes and the entry of new companies will pose additional challenges to the frozen yoghurt market throughout the forecast period.
This frozen yogurt market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the frozen yogurt market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post COVID-19 Impact on Frozen Yogurt Market
Frozen yoghurt sales initially fell due to COVID-19 restrictions on brick-and-mortar stores. However, major players are attempting to solidify their market position by focusing on e-commerce and online marketing in order to reach consumers across geographical boundaries. Furthermore, the pandemic prompted consumers to seek out immunity-boosting products as well as other fortified products that provide health benefits, resulting in major players improving the composition of their yoghurt products by incorporating organic ingredients, making them cholesterol-free, and launching vegan variants with no added preservatives or additives.
Recent Development
- In 2021, Yasso introduced a new line of Greek yoghurt bites called "Yasso Poppables" in coffee, sea salt caramel, vanilla bean, and mint flavours. These frozen Greek yoghurt bites are dipped in dark chocolate and topped with quinoa crunch. These poppables are now available in participating retail locations, including supermarkets.
- Yogurtland will roll out its first oat milk-based vegan frozen yoghurt flavour, "Plant-Based Cinnamon Oatmeal Cookie," across participating locations in 2021. This addition came just in time following the launch of its Plant-Based Salted Chocolate Soufflé flavoured frozen yoghurt in January 2020, followed by the relaunch of its coconut milk-based flavour due to consumer demand.
Global Frozen Yogurt Market Scope
The frozen yogurt market is segmented on the basis of category, flavour, product type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Conventional
- Lactose free
Flavour
- Mango
- Chocolate
- Strawberry
- Banana
- Others
Product Type
- Full-fat
- Fat-free
- Low-fat
Distribution channel
- Store-based
- Non-store based
Frozen Yogurt Market Regional Analysis/Insights
The frozen yogurt market is analysed and market size insights and trends are provided by country, category, flavour, product type and distribution channel as referenced above.
The countries covered in the frozen yogurt market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the frozen yoghurt market and will continue to do so during the forecast period due to consumer preferences in this region shifting from dairy-based frozen yoghurt to non-dairy-based frozen yoghurt products. Furthermore, product development, a high level of disposable income, and the presence of various frozen yoghurt flavours will accelerate the market's growth rate in this region. Due to rising consumer demand for frozen desserts and rising incidences of digestive disorders such as lactose intolerance in this region, Asia-Pacific is expected to grow at a significant rate during the forecast period of 2022-2029.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Frozen Yogurt Market Share Analysis
The frozen yogurt market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to frozen yogurt market.
Some of the major players operating in the frozen yogurt market are:
- Chr. Hansen Holding A/S (Denmark)
- Yakult Honsha Co., Ltd (Japan)
- Nestlé (Switzerland)
- DuPont (US)
- MORINAGA & CO., LTD (Japan)
- BioGaia AB (Sweden)
- Protexin (UK)
- Daflorn Probiotics UK (UK)
- DANONE (France)
- Yakult U.S.A. Inc. (US)
- Deerland Enzymes, Inc. (US)
- UAS Laboratories (US)
- Goerlich Pharma GmbH (Germany)
- SANZYME BIOLOGICS PVT. LTD. (India)
- DSM (Netherlands)
- NutraScience Labs (US)
- Kerry Group plc (Ireland)
- Lallemand Inc. (Canada)
- Lonza (Switzerland)
- Winclove Probiotics (Netherlands)
- Probi (Sweden)
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