- Regular Frozen Yogurt
- Flavored Frozen Yogurt
Frozen Yogurt Market size was valued at USD 1,826.2 million in 2022 and is poised to grow at a CAGR of 3.7% from 2023 to 2029. The global market provides a detailed overview of the global frozen yogurt market, and that can be segmented by product type, by function, by flavour type, and by distribution channel. By product type, the global frozen yogurt market has been segmented into Regular Frozen Yogurt and Flavoured Frozen Yogurt. The Regular Frozen Yogurt segment is likely to be the largest and fastest-growing segment in terms of type. Based on function, the global frozen yogurt market is segmented into Lactose-Free, Low Fat, Low-Calorie, and Others. Among these, the Low-Fat segment is expected to have the fastest-growing market during the forecast period 2022-2028. It is due to the increasing awareness about health and trending towards healthy lifestyle. Based on flavour type, the global frozen yogurt market is segmented into Chocolate, Peach, Mango, Strawberry, Lemonade, Banana, Pineapple, and Others. The Chocolate segment accounts for the largest share in 2021 and is expected to maintain the growth in the forecasted years. It is attributed to the high demand of chocolate flavoured yogurt and popularity among kids and females. Peach segment is the second-largest share during the forecast period 2022-2028 according to precision business insights. Based on distribution channel, the global frozen yogurt market is segmented into Supermarkets and Hypermarkets, Online Stores, Convenience Stores, and Others. The Supermarkets and Hypermarkets segment accounts for the largest share in 2021 and is expected to grow at a significant rate in the upcoming years. Frozen yogurt is a frozen treat consisting primarily of yogurt but also include other dairy items. Lactobacillus Bulgarians and streptococcus thermophiles are used in the fermentation of milk. Milk solids, milk fat, sweetener, and yogurt culture are the main ingredients in frozen yogurt.
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Rising consumer awareness of health issues, as well as a demand for healthy foods and diets are anticipated to propel the market growth over the forecast years.
The fastest-growing segment of the global frozen yogurt market is low fat yogurt due to the increasing health awareness and consumer shifting towards healthy eating habits.
the use of natural flavors and the introduction of vegan frozen yogurt in different flavors are key trends in the global market.
Online platforms with new product launches can be very lucrative opportunities in this consumer-based product market.
The rising concerns about the high sugar and fat content of the product may hinder global market growth.