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Description
Frozen Yogurt Market size was valued at USD 1,826.2 million in 2021, is growing at a CAGR of 3.7% from 2022 to 2028. 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.
Key Development:
In June 2022, Noosa launched of its brand-new line of noosa Frozen Yoghurt Gelato.
In April 2022, Yasso launched the first-ever frozen Greek yogurt Mochi, furthering its position as a leader in frozen snacking and continuing to deliver new innovation.
