Frozen Yogurt Market Synopsis

Frozen Yogurt Market Size Was Valued at USD 96.3 Billion in 2023, and is Projected to Reach USD 236.4 Billion by 2032, Growing at a CAGR of 10.5% From 2024-2032.

Frozen yogurt industry comprises the manufacturing, distributing and selling of frozen yogurt that is yogurt based product normally flavored and sweetened. This classification is more appealing to the nutrition conscious consumers given the lower content of fat and the incorporation of a probiotic effect. Its types comprise soft-serve, packaged, and gourmet frozen yogurt as well as distribution channels like specialty shops, supermarkets, and online sales. Market trends include; growth of consumers’ preference to low fat and sugar products, new flavors and textures, and growth of consumer knowledge on the digestive system and nutrition.

• The consumption of frozen yogurt has been on the rise over the past years mainly because of the growing consciousness towards ones’ health among consumers. Technologies used in the preparation of frozen yogurt are different from those used in ice cream and this product is characterized by less fat and calories, presence of helpful bacteria for the organism, that is why it is popular among people who care for their health. This market commonly consists of soft-serve as well as packaged frozen yogurt, both of which come in many different flavours and compositions for the consumer’s convenience. Specialized yogurt shops are the main sales outlets, but supermarkets, convenience stores, and online stores remain the most prominent since the product has become so popular among people.
• Market growth is again propelled with advancements which are continued to be witnessed in the market. Saturated and trans fats and additives, sweeteners, coloring agents were replaced or labeled depending on the country; the newest trends are probiotics and prebiotics, and dairy-free and plant-based products. Also, advertising appealing to the consumer’s health consciousness, pointing out that frozen yogurt contains beneficial bacteria and can help with digestion, has strengthened its marketing appeal. It is also discovered that regional trends are influential the North American market in particular because of high health consciousness and higher disposable incomes whereas Asia-Pacific is the emerging markets due to urbanization and the changing life style.

Frozen Yogurt Market Trend Analysis

Rise of plant-based and dairy-free options

• Another unique feature that stands out in the market of frozen yogurt is that the new products are plant based and free of dairy. Increasing consumer knowledge about vegan-related substitutes and lactose-free products, companies are constantly innovating frozen yogurt products made from non-dairy products such as almonds, coconut, soy, and oat milk. This trend appeal to a wider market ranging from lactose intolerance people to vegans and people with special dietary needs. Concerning the relations between the values and elements of the marketers’ propositions, the following declarations can be made: The stress on clean labels, natural components, and sustainable actions also appeals to the environmentally oriented consumers. Thus, there is a steady market growth of the segment as a significant factor of the overall development and differentiation of the given field.

Expansion of customized and experiential offerings

• One of the new trends that have been recorded in the frozen yogurt market is the place that is accorded to customization and an experience. With the trend of, consumers wanting a more unique meal when it comes to desserts, frozen yogurt shops can take advantage of this by permitting customers to choose their own mix-ins, toppings as well as the combination of their preferred flavors. Self-service kiosks through which people can flavor their own frozen yogurt gave a great appeal to the business and ensured that people returned for more.
• Furthermore, using applications for ordering foods and the inclusion of loyalty programs can also apply the sprit of technical inclined consumers. The frozen yogurt market can be developed and make it more competitive with its help by stressing customization and experiential marketing strategies.

Frozen Yogurt Market Segment Analysis:

Frozen Yogurt Market Segmented on the basis of product type and Flavors.

By Product Type, Dairy-Based segment is expected to dominate the market during the forecast period

• Regarding the forecast period, dairy based segment is expected to lead the frozen yogurt market, because of its familiar taste to the consumers. Free, dairy based frozen yogurt has smooth mouthfeel and true yogurt taste that are appreciated by many consumers in contrast to non-dairy counterparts. Also, it is consumed as a more conventional and customary product that is aligned to the people’s expectation of the frozen yogurt taste and nutritional value.
• Therefore, the presence of healthy live pro-biotic bacteria seen in the dairy products contributing to the formation of the frozen yogurt also make it even more popularized especially with health conscience consumers who are in search of probiotics in their diets. This segment remains a strategic growth area for major players in the industry as new flavours, functional ingredients and or premium products will continue to be unveiled thereby solidifying the market need and hence the growth trajectory that is expected to be realised in the long run.

By Flavors, Chocolate segment expected to held the largest share

• Out of all the components, the chocolate part is expected to maintain the highest market share of the frozen yogurt segment due to its appeal to the target audience and its never-ending popularity among people of any age. This innovative Strawberry Blast has a flavor that any frozen yogurt customer will enjoy, while the hierarchal distribution of shared attributes indicates that while it may be a fairly common product, chocolate-flavored frozen yogurt provides that creaminess that yogurt and that rich, substantial, and satisfying flavor people love from chocolate.
• Moreover, improvement of this segment, for instance, through the addition of the dark chocolate, chocolate mint and chocolate peanut butter flavors, adds to the appeal. Also the primary note underpinning many of the products – chocolate – has a broad range of possible additions, which makes the product engaging and enjoyable for the consumers. Therefore the high consumption of the flavor chocolate cannot be reduced to anything other than the fact that this is a standard and typically definitive favorite to the frozen yogurt market.

Frozen Yogurt Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific region is poised to dominate the frozen yogurt market over the forecast period, driven by a confluence of factors including rapid urbanization, rising disposable incomes, and shifting dietary preferences towards healthier options. The increasing awareness of health and wellness among consumers in countries such as China, Japan, and India is fueling demand for nutritious and low-fat desserts like frozen yogurt.
• Furthermore, the expanding middle class and the influence of Western food trends are contributing to the growing popularity of frozen yogurt in the region. The proliferation of specialty yogurt shops, along with aggressive marketing strategies and product innovations tailored to local tastes, are also enhancing market growth. As a result, the Asia Pacific market is expected to see robust expansion, outpacing other regions in terms of both consumption and revenue generation in the coming years.

Active Key Players in the Frozen Yogurt Market

• 16 Handles (United States)
• FroyoWorld (United States)
• GoGreek Yogurt (United States)
• llaollao (Spain)
• Menchie's Frozen Yogurt (United States)
• Orange Leaf Frozen Yogurt (United States)
• Pinkberry (United States)
• Red Mango (United States)
• Snog Frozen Yogurt (United Kingdom)
• SweetFrog (United States)
• TCBY (United States)
• Tutti Frutti Frozen Yogurt (United States)
• Yogen Früz (Canada)
• Yogurtland (United States)
• Yolé (Singapore), and Other key Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Frozen Yogurt Market by Product Type
 4.1 Frozen Yogurt Market Snapshot and Growth Engine
 4.2 Frozen Yogurt Market Overview
 4.3 Dairy-Based
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Dairy-Based: Geographic Segmentation Analysis
 4.4 Non-Dairy Based
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Non-Dairy Based: Geographic Segmentation Analysis

Chapter 5: Frozen Yogurt Market by Flavors
 5.1 Frozen Yogurt Market Snapshot and Growth Engine
 5.2 Frozen Yogurt Market Overview
 5.3 Chocolate
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Chocolate: Geographic Segmentation Analysis
 5.4 Strawberry
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Strawberry: Geographic Segmentation Analysis
 5.5 Banana
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Banana: Geographic Segmentation Analysis
 5.6 Pineapple
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Pineapple: Geographic Segmentation Analysis
 5.7 Mango
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Mango: Geographic Segmentation Analysis
 5.8 Lemonade
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Lemonade: Geographic Segmentation Analysis
 5.9 Peach
  5.9.1 Introduction and Market Overview
  5.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.9.3 Key Market Trends, Growth Factors and Opportunities
  5.9.4 Peach: Geographic Segmentation Analysis
 5.10 Other Flavors
  5.10.1 Introduction and Market Overview
  5.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.10.3 Key Market Trends, Growth Factors and Opportunities
  5.10.4 Other Flavors: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Frozen Yogurt Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 16 HANDLES (UNITED STATES)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 FROYOWORLD (UNITED STATES)
 6.4 GOGREEK YOGURT (UNITED STATES)
 6.5 LLAOLLAO (SPAIN)
 6.6 MENCHIE'S FROZEN YOGURT (UNITED STATES)
 6.7 ORANGE LEAF FROZEN YOGURT (UNITED STATES)
 6.8 PINKBERRY (UNITED STATES)
 6.9 RED MANGO (UNITED STATES)
 6.10 SNOG FROZEN YOGURT (UNITED KINGDOM)
 6.11 SWEETFROG (UNITED STATES)
 6.12 TCBY (UNITED STATES)
 6.13 TUTTI FRUTTI FROZEN YOGURT (UNITED STATES)
 6.14 YOGEN FRÜZ (CANADA)
 6.15 YOGURTLAND (UNITED STATES)
 6.16 YOLÉ (SINGAPORE)
 6.17 OTHER KEY PLAYERS

Chapter 7: Global Frozen Yogurt Market By Region
 7.1 Overview
 7.2. North America Frozen Yogurt Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Product Type
   7.2.4.1 Dairy-Based
   7.2.4.2 Non-Dairy Based
  7.2.5 Historic and Forecasted Market Size By Flavors
   7.2.5.1 Chocolate
   7.2.5.2 Strawberry
   7.2.5.3 Banana
   7.2.5.4 Pineapple
   7.2.5.5 Mango
   7.2.5.6 Lemonade
   7.2.5.7 Peach
   7.2.5.8 Other Flavors
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Frozen Yogurt Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Product Type
   7.3.4.1 Dairy-Based
   7.3.4.2 Non-Dairy Based
  7.3.5 Historic and Forecasted Market Size By Flavors
   7.3.5.1 Chocolate
   7.3.5.2 Strawberry
   7.3.5.3 Banana
   7.3.5.4 Pineapple
   7.3.5.5 Mango
   7.3.5.6 Lemonade
   7.3.5.7 Peach
   7.3.5.8 Other Flavors
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Frozen Yogurt Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Product Type
   7.4.4.1 Dairy-Based
   7.4.4.2 Non-Dairy Based
  7.4.5 Historic and Forecasted Market Size By Flavors
   7.4.5.1 Chocolate
   7.4.5.2 Strawberry
   7.4.5.3 Banana
   7.4.5.4 Pineapple
   7.4.5.5 Mango
   7.4.5.6 Lemonade
   7.4.5.7 Peach
   7.4.5.8 Other Flavors
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Frozen Yogurt Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Product Type
   7.5.4.1 Dairy-Based
   7.5.4.2 Non-Dairy Based
  7.5.5 Historic and Forecasted Market Size By Flavors
   7.5.5.1 Chocolate
   7.5.5.2 Strawberry
   7.5.5.3 Banana
   7.5.5.4 Pineapple
   7.5.5.5 Mango
   7.5.5.6 Lemonade
   7.5.5.7 Peach
   7.5.5.8 Other Flavors
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Frozen Yogurt Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Product Type
   7.6.4.1 Dairy-Based
   7.6.4.2 Non-Dairy Based
  7.6.5 Historic and Forecasted Market Size By Flavors
   7.6.5.1 Chocolate
   7.6.5.2 Strawberry
   7.6.5.3 Banana
   7.6.5.4 Pineapple
   7.6.5.5 Mango
   7.6.5.6 Lemonade
   7.6.5.7 Peach
   7.6.5.8 Other Flavors
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Frozen Yogurt Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Product Type
   7.7.4.1 Dairy-Based
   7.7.4.2 Non-Dairy Based
  7.7.5 Historic and Forecasted Market Size By Flavors
   7.7.5.1 Chocolate
   7.7.5.2 Strawberry
   7.7.5.3 Banana
   7.7.5.4 Pineapple
   7.7.5.5 Mango
   7.7.5.6 Lemonade
   7.7.5.7 Peach
   7.7.5.8 Other Flavors
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research