Frozen Yogurt Market Key Players Analysis and Growth Forecast by 2031

The frozen yogurt market is expected to register a CAGR of 5% during 2023–2031. A growing trend towards plant-based and dairy-free frozen yogurt alternatives to cater to lactose-intolerant consumers and those following vegan diets is likely to remain a key trend in the market.

Frozen Yogurt Market Analysis

• The frozen yogurt market will trend towards change and growth as a result of changing consumer tastes, innovation, and favorable market dynamics. Increasing global health consciousness is expected to provide more opportunities for frozen yogurt as it is viewed as a healthy alternative to ordinary ice cream.
• Alternative ice-creams (made from plant-based products without dairy) are expected to experience rapid growth in the next few years. Along with the changes in dietary habits among people, varieties of food products such as frozen yogurts will have greater demand as more people enter the flexitarian, vegetarian, or vegan diets. This brings challenges and opportunities for conventional frozen yogurt makers to expand their product lines to address the ice-cream markets made from plant-based products (including almond, coconut, soy, or oat milk).
• Flavor innovation will also continue as a market dynamic in the face of consumer trends. People are becoming more and more adventurous in their flavor interests and are looking for the boldest, most exotic combinations out there. Industry developers can – and will – try to stay ahead of their customers with this by mixing international flavors and superfood ingredients with each other and with unlikely 'fusion' pairings to deliver a new experience to the consumer.

Frozen Yogurt Market Overview

• The frozen yogurt market is a fragment of the frozen dessert market and seems, with its sheer marketability and health advantages. However, it's a market that's changed and will continue to change with the shifting winds of consumer preferences for creamier, lactose-free options on the one hand and clean-eating, gluten-free choices on the other.
• Frozen yogurt tends to have an appealing combination of indulgence and health benefits. It is loaded with active bacteria called probiotic cultures that are lauded for their effects on digestive health and immune function. This has made it a principal reference point for health-conscious consumers looking for indulgent treats that enable them to satisfy their desires.
• The consumption of frozen yogurt outside dedicated outlets had increased,  rendering it more probable that this product would become a part of mass culture and reach a wider segment of consumers.

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Frozen Yogurt Market: Strategic Insights

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Frozen Yogurt Market Drivers and Opportunities

Increasing Demand for Healthy Food Among Young Consumers Drives Frozen Yogurts Market

• Nutritious food is becoming more popular among millennials and Gen Z consumers as some among these generations are more health conscious and pay closer attention to their diet than older generations. Young are more willing to choose food that matches their taste for sweet snacks, at the same time, is effective for their health purpose. Frozen yogurt is a healthier choice than other sweet snacks since it is less fat and contains more probiotics, which are beneficial for gut health.
• The self-service that many frozen yogurts depend on empowers consumers to decide on portion sizes as well as on the healthfulness of the flavor offerings and/or toppings. It also fills a greater need for more customized nutrition or functional foods, with many brands promoting frozen yogurt as not just straight nutrition but enhanced – be it with added vitamins, minerals, or protein.
• As health and wellness have become a central topic of young people over the past decade, their demand for healthy food and beverages, including healthy desserts such as frozen yogurt, has been increasing. It is likely to continue driving market growth in the next couple of years.

Expanding Non-Dairy Frozen Yogurt Options Using Almond, Coconut, or Oat Milk Bases

• The market study predicts that the non-dairy frozen yogurt – made with almond, coconut, and oat milk – 'offers immense growth prospects to the frozen yogurt market … fuelled by the rising consumer affinity to plant-based alternatives on account of lactose intolerance, dairy allergies, animal welfare, and environmentalism'.
• Various plant-based diets have skyrocketed in the past few years, and many consumers are trying to eat less dairy. Leading the charge for these emerging consumers is the desire to seek out ice cream alternatives made with non-dairy bases such as almond, coconut, or oat milk.
•  Various types of plant milk each bring along a unique sensory experience and nutrient profile. Frozen products made with almond milk can be nutty and often lower-calorie. Coconut milk-based products are thick and creamy, as well as deliciously tropical. Mild, sustainable oat milk approximates the texture of traditional fromage fouaté if used in frozen yogurt ice cream. Brands can now differentiate and release multiple varieties of plant-milk-based frozen yogurt for varying taste preferences.

Frozen Yogurt Market Report Segmentation Analysis

Key segments that contributed to the derivation of the frozen yogurt market analysis are product type, flavor, category, and distribution channel.

• Based on product type, the market is divided into dairy-based and dairy-free.
• On the basis of flavor, the market is segmented into plain and flavored
• In terms of category, the market is bifurcated into sugar-free and conventional.
• On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.

Frozen Yogurt Market Share Analysis by Geography

• Frozen Yogurt Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering frozen yogurt market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers Porter's analysis, which involves the study of major factors that influence the frozen yogurt market in these regions.

Frozen Yogurt Market Regional Insights

The regional trends and factors influencing the Frozen Yogurt Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Frozen Yogurt Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Frozen Yogurt Market Report Scope

Frozen Yogurt Market Players Density: Understanding Its Impact on Business Dynamics

The Frozen Yogurt Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Frozen Yogurt Market are:

1. Yogen Früz
2. Pinkberry
3. Red Mango
4. Menchie's
5. The Country's Best Yogurt
6. Yogurtland

Disclaimer: The companies listed above are not ranked in any particular order.

Frozen Yogurt Market News and Recent Development

The frozen yogurt market is evaluated by gathering the qualitative and quantitative data post primary and secondary research, which include important corporate publication, association data, and database. The few developments in the frozen yogurt market are listed below:

• Sweetkiwi, a leading innovator in health-conscious frozen treats, is thrilled to announce a magical collaboration with The Smurfs. This collaboration brings to life a whimsical product line inspired by the beloved blue characters. This enchanting new range features Frozen Greek Yogurt Bars, with plans to introduce convenient 3.6oz Single-Serve Cups with a spoon and Variety Packs designed for retailers and warehouse clubs, all infused with the playful spirit of The Smurfs. (Sweetkiwi Holdings, Inc., News, June 2024)
• CitraPac is adding a new line of frozen yogurt dessert products under its Nature's Premium label. The company's Dessert Pearls feature a yogurt pearl base mixed with various texture and flavor ingredients, such as shortbread cookie crumbles in its cookies and cream flavor or strawberries in its strawberry cheesecake flavor. (CitraPac, News, April 2024)

Frozen Yogurt Market Report Coverage and Deliverables

The " Frozen Yogurt Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Frozen yogurt market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Frozen yogurt market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter's Five Forces and SWOT analysis
• Frozen yogurt market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the frozen yogurt market
• Detailed company profiles