Frozen Yogurt Market

Frozen Yogurt Market Outlook from 2024 to 2034

After a detailed analysis of the food and plant-based preservative market, FMI recently published a new report on the frozen yogurt market. As per the analysis, sales of frozen yogurt hold a current valuation of USD 99.29 billion in 2024.

Reflecting on consumers’ expectations, frozen yogurt producers work on simpler labels with understandable ingredients, reinforcing continuous demand. Going by this pattern, demand could rise and equate to a market valuation of USD 272.74 billion, with a CAGR of 10.6% by 2034.

Attributes	Details
Frozen yogurt Market Value for 2024	USD 99.29 billion
Frozen yogurt Market Value for 2034	USD 272.74 billion
Frozen yogurt Market Forecast CAGR for 2024 to 2034	10.6%

Historical Performance and Future Growth of the Frozen Yogurt Market

In 2019, the global frozen yogurt market was estimated to reach a valuation of USD 60.36 billion, according to a report from Future Market Insights (FMI). The frozen yogurt market witnessed significant growth, registering a CAGR of 9.9% during the historical period 2019 to 2023.

Historical CAGR	9.9%
Forecast CAGR	10.6%

The availability of various flavors and variations and rising consumer desire for healthy dessert options propelled the worldwide frozen yogurt market to a valuation of USD 60.36 billion in 2019. With a historical CAGR of 9.9% between 2019 and 2023, this market experienced significant growth. The frozen yogurt market is expected to grow, with an anticipated CAGR of 10.6%.

The growth is anticipated to be directed by expanded distribution channels, creative product options, and a surge in disposable income. The developments above highlight the remarkable prospects in the frozen yogurt industry, as companies are well-positioned in using the change in consumer inclinations and market conditions to maintain expansion in the upcoming years.

Key Factors Driving the Frozen Yogurt Market

• Accelerated growth in customer consciousness regarding the health and wellness advantages push the market for frozen yogurt as a more nutritious dessert substitute for conventional ice cream.
• Customers tend to add value, adding different toppings and tastes to their frozen yogurt, improving their whole eating experience.
• A wider range of tastes and preferences are catered due to the availability of varied flavors and creative formulations, which is drawn in a larger customer base.

Key Factors Hampering the Frozen Yogurt Market

• Misconceptions regarding the nutritional value of frozen yogurt and its health advantages can potentially discourage some customers from selecting it over other dessert options despite its healthier reputation.
• Variations in the demand for frozen desserts by consumers, mainly in the winter, can affect the manufacturers frozen yogurt sales and profitability.
• Perceptions and purchase decisions of the consumer may be influenced by worries about the origin and caliber of the ingredients mainly used in the manufacturing of frozen yogurt.
• Due to volatility in ingredient costs and price competition among frozen dessert manufacturers may face difficulties in the positioning and profitability of the frozen yogurt market.

Category-wise Insights

The below section shows the leading segment. Based on the product type, the dairy-based segment is accounted to hold a market share of 88.2% in 2024. Based on sales channel, the hypermarket/supermarket segment is accounted to hold a market share of 44.2% in 2024.

A surge in demand for these time-honored classics in the frozen desserts market as so many customers are accustomed to the flavor and texture of dairy-based desserts like ice cream and frozen yogurt.

Customers tend to readily discover a variety of frozen dessert alternatives at hypermarkets and supermarkets, which make it easier for them to buy their favorite treats on regular grocery shopping trips.

Category	Market Share in 2024
Dairy-based	88.2%
Hypermarket/Supermarket	44.2%

Dairy-based Segment to Hold a Significant Share in the Market

Based on the dairy-based segment, holding a significant market share of 88.2% in 2024, the dairy-based sector is leading the frozen desserts market. The market shows that frozen desserts with dairy products, including milk and cream, are highly preferred by customers because they have a rich, creamy texture.

Several variables, including taste preference, perceived indulgence, and familiarity with classic dairy flavors, are probably responsible for the appeal of frozen desserts containing dairy.

Hypermarkets/Supermarkets Segment to Hold a Dominant Share in the Market

Based on sales channel, the hypermarket/supermarket segment holds 44.2% of the market share in 2024. The market emphasizes how important big-box retailers are in getting frozen treats to customers.

A large selection of frozen dessert options is available in supermarkets and hypermarkets, which gives customers convenience and accessibility. A boom in sales of frozen desserts within their locations is the promotional events and eye-catching displays that these retail outlets frequently have.

Country-wise Insights

The table mentions the top five countries ranked by revenue, with India holding the top position.

India is the market leader in frozen yogurt due to the heightened desire for healthier dessert options from its urban population.

The recognized health benefits and adaptability of frozen yogurt are gaining traction among consumers in India, who are placing a greater emphasis on wellness and health. This automatically has resulted in significant market expansion and adoption across metropolitan centers.

Forecast CAGRs from 2024 to 2034

Countries	CAGRs through 2034
United States	3.5%
Germany	4.1%
China	5.5%
Japan	5.8%
India	6%

Surge in Health-conscious Consumers in the United States

In the United States, the frozen yogurt market is primarily utilized as a healthier dessert option, catering to health-conscious consumers seeking alternatives to traditional ice cream.

Major chains and independent shops offer a wide range of flavors and toppings, attracting a diverse customer base.

Demand for Frozen Yogurt Impresses the Market Growth in Germany

In Germany, frozen yogurt is enjoyed as a refreshing treat, particularly during the warmer months.

Consumers appreciate its creamy texture and tangy taste, making it a popular choice for indulgence.

Escalating Benefits in Health Raises the Market in China

In China, the frozen yogurt market is leveraged as a trendy dessert option, especially among urban millennials. Its customizable nature and association with health benefits appeal to young consumers seeking novel experiences.

Japan Holds a Prominent Position in the Frozen Yogurt Industry

In Japan, frozen yogurt is a light and refreshing snack, often paired with fresh fruit or mochi. Its availability in various flavors and formats caters to the discerning tastes of consumers of Japan.

India Holds a Pivotal Position in the Market

In India, the frozen yogurt market is embraced as a modern dessert option, particularly in urban areas. Its perceived health benefits and versatility make it a favored choice among health-conscious individuals seeking guilt-free indulgence.

Competitive Landscape

The frozen yogurt market is a competitive landscape that subsequently features a variety of brands offering diverse flavors and toppings. Major chains like Pinkberry and Frosty Boy dominate alongside local and regional players.

Customization options, innovative flavors, and strategic partnerships with supermarkets and specialty stores contribute to market growth. Consumer preferences for healthier dessert options also drive demand in this market.

Some of the key developments are:

• In 2022, Noosa, a whole milk yogurt brand under Sovos Brands, expanded its product offerings by launching the inaugural line of Noosa Frozen Yoghurt Gelato. The gelato was available in grocery freezers and has four flavors- chocolate fudge, strawberries and cream, sea salt caramel, and honey vanilla bean.
• In 2021, Yasso introduced Yasso Poppables in coffee, sea salt caramel, vanilla bean, and mint flavors. The poppables are dipped in dark chocolate and topped with quinoa crunch and are now accessible at various retail locations, including supermarkets.

Key Coverage in the Frozen Yogurt Industry Report

• Adjacent Study on Frozen Yogurt Market
• Indian Flavoured and Frozen Yogurt Market
• Frozen Yogurt Market Size, Current Insights, and Demographic Trends
• Global Frozen Yogurt Sales Market
• Key Strategies in the Global Frozen Yogurt Market

Report Scope

Attributes	Details
Estimated Market Size in 2024	USD 99.29 billion
Projected Market Valuation in 2034	USD 272.74 billion
Value-based CAGR 2024 to 2034	10.6%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD billion
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa
Key Market Segments Covered	Product Type, Fat Content, Flavours, Sales Channel, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel
Key Companies Profiled	Frosty Boy; Pinkberry; Honey Hill Farms; Scott Brothers Dairy; Red Mango; Yogurtland; Llaollao; I Can't Believe It's Yogurt!; Menchie's Frozen Yogurt; Orange Leaf Frozen Yogurt

Key Segments

By Product Type:

• Dairy-Based
• Non-Dairy Based

By Fat Content:

• Full Fat
• Low Fat
• No Fat

By Flavors:

• Chocolate
• Strawberry
• Banana
• Pineapple
• Mango
• Lemonade
• Peach
• Other Flavors

By Sales Channel:

• Offline Sales Channel
  • Hypermarkets/Supermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform
  • Other Sales Channel

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa

Frequently Asked Questions

What is the expected worth of the frozen yogurt market in 2024?

As of 2024, the market for frozen yogurts is expected to be valued at USD 99.29 billion.

What is the market potential for frozen yogurt?

The frozen yogurt market is projected to expand at a CAGR of 10.6% between 2024 and 2034.

Which product type segment dominates the frozen yogurt market?

The dairy based segment is projected to dominate the industry.

What is the anticipated market value for frozen yogurt in 2034?

By 2034, the market value of frozen yogurt is expected to reach USD 272.74 billion.

Which country is likely to dominate the frozen yogurt market?

India is likely the top-performing market, with a CAGR of 6%.