North America Frozen Yogurt Market Size, Share & Industry Trends Analysis Report By Flavor (Chocolate, Strawberry, Mango, Pineapple and Others), By Nature (Conventional and Organic), By Distribution Channel, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Frozen Yogurt Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Customers are drawn to buy food products online due to the growing prevalence of numerous online portals, especially in developing countries, and the rise in offers and discounts. Additionally, because of the expanded customer reach provided by the internet sales channel, it has developed into a major source of income for many businesses.
The demand for online sales is also anticipated to rise in the near future as a result of the emerging markets' explosive development in the number of online and mobile users. Increased e-commerce sales, better logistical services, more convenient payment methods, and the ability of large brands to penetrate new international markets all contribute to the growth of the frozen yogurt market.
The retail sector consists of businesses and people who sell finished goods and products to consumers. A wide variety of frozen yogurt and related products are sold through diverse retail channels like hypermarkets, supermarkets, discounters, forecourt retailers, convenience stores, and grocery stores. As a result, one major element propelling the frozen yogurt market is the rise of the retail market.
Consumers in the US and Canada are increasing their emphasis on eating foods with low-fat content and are becoming more health-conscious. As a result, the fastest-growing category of frozen yogurt in these industrialized nations is nonfat varieties. Additionally, this region has reputable manufacturers and distributors of frozen yogurt. Yogurt demand is aided by consumers' enthusiasm to lead healthier lives in this region through nutrition and exercise. Additionally, the self-serve approach is rapidly gaining acceptance. Therefore, in the coming years, the demand for frozen yogurt is bound to increase, which will be beneficial for the market.
The US market dominated the North America Frozen Yogurt Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,941.7 million by 2028. The Canada market is poised to grow at a CAGR of 7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6% during (2022 - 2028).
Based on Flavor, the market is segmented into Chocolate, Strawberry, Mango, Pineapple and Others. Based on Nature, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Supermarket / Hypermarket, Specialist Retailers, Online Stores, Convenience Stores and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Frozen Yogurt Market is Estimated to reach $13.8 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lactalis Group, General Mills, Inc., Nestle S.A., Saputo, Inc., Britannia Industries Limited (Wadia group), Danone S.A. (Sofina Group), DuPont de Nemours, Inc., Arla Foods, Inc., Yakult Honsha Co., Ltd., and Menchie's Group, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Flavor
- Chocolate
- Strawberry
- Mango
- Pineapple
- Others
By Nature
- Conventional
- Organic
By Distribution Channel
- Supermarket / Hypermarket
- Specialist Retailers
- Online Stores
- Convenience Stores
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Lactalis Group
- General Mills, Inc.
- Nestle S.A.
- Saputo, Inc.
- Britannia Industries Limited (Wadia group)
- Danone S.A. (Sofina Group)
- DuPont de Nemours, Inc.
- Arla Foods, Inc.
- Yakult Honsha Co., Ltd.
- Menchie's Group, Inc.
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