Pune, India -- (SBWire) -- 09/26/2018 --Market Overview:
Frozen Yogurt Market has witnessed a substantial growth over the last few years both in developed & developing economies. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Frozen Yogurt Market Research Report - Forecast to 2022 that the market will demonstrate an exceptional CAGR % while achieving million-dollar growth rapidly during the forecast period.
Rising health awareness and increasing consumption of healthy desserts have encouraged the expansion of yoghurt within the daily diet of people. The sales of the frozen yogurt has increased exceptionally owing to the rising new product launch of various flavored frozen yogurt. Increasing per capita disposable income across the Asia Pacific regions is one of the relevant factors for the expansion of frozen yogurt market. Growth of the practical foods - made in probiotics - has conjointly provided associate impetus for the exaggerated demand of this market. Asia Pacific is known to possess nice potential in the frozen yoghurt market due to the urbanizations in the developing economies such as India, China, and Indonesia.
Rising consumers' awareness through advertisements has enhanced the sales of frozen yogurt across the globe. Increasing consumer awareness regarding the nutritional value of frozen yogurt has increased the sales of frozen yogurt. Low calorie frozen yogurt is one of the popular product type among the consumers. Due to the increasing consumers awareness towards the benefits of low calorie desserts has further stimulated the growth of frozen yogurt market. Low awareness of the products in the under developed economies can pose a major challenge in the global frozen yogurt market in the near future.
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Latest Industry Updates:
Oct 2017 TCBY has launched three new flavored frozen yogurt. New product launch will aid the company to increase the volume sales.
Nov 2017 Pinkberry launched its new pecan pie frozen yogurt. The product has been launched to gain the competitive market share in Europe & North America region.
June 2017 General Mills Inc. has introduced their new frozen yogurt. The new frozen yogurt comes in organic and gluten free forms
Competitive Analysis:
Key players in the Global frozen yogurt market, is inclined to introduce new products in the market or to extend the product line of renowned product. Also, the company launches their new products in various exhibitions and shows in order to reach many customers. This promotional strategy aids to retain the existing the customers and also to acquire new customers. Mainly the key players are converging various innovative packaging solutions in order to attract the new customers. Also, some players are introducing new packaging solutions of the product to suit the specific requirement of the consumer.
The key players profiled in Frozen Yogurt are Menchie's Frozen Yogurt (U.S.), Pinkberry (U.S.), General Mills, Inc. (U.S.), Amul (India), Yogurtland Franchising, Inc. (U.S.), TCBY (U.S.), Red Mango, Inc (U.S.), 16 Handles (U.S.), and Danone (France) among many others.
Market Segments:
The global Frozen Yogurt market has been divided into type, functional, distribution channel and region.
On The Basis Of Type: Plain, and Flavored
On The Basis Of Functionality: Lactose-free, Low-fat, Low-calorie, Others
On The Basis Of Distribution Channel: Store based, and Non-store based
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
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Regional Analysis:
The global frozen yogurt market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America region is estimated to account for the major market share in the year of 2018 and it is expected to continue throughout the forecast period of 2017-2022. The consumption of frozen yogurt is exceptionally high in the North America region. Among the North America region, the U.S. estimated to hold significant market share in the North America region. Increasing awareness regarding the health benefits of frozen yogurt is anticipated to further propel the sales of frozen yogurt in North America region. Europe is also estimated to account for healthy market share throughout the forecast period of 2017-2022. Germany has the highest market share of frozen yogurt in Europe in terms of consumption. However, Asia Pacific region is projected to expand at a substantial growth rate during the forecast period of 2017-2022. China & India are expected to account for more than 50% market share in Asia Pacific region throughout the forecast period.
Frozen Yogurt Market Scope, Size, Share, Sales, Revenue Analysis Techniques, Top Key Players and Fast Forward Research
Frozen Yogurt Market Global Information by Product-Type, Flavors, Specialty-Food Type Distribution Channel and Region Forecast to 2022