Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Frozen Yogurt Market size is expected to reach $13.8 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Strawberry segment is showcasing a CAGR of 5.3% during (2022 - 2028). For frozen yogurt, the strawberry taste is a favorite among many consumers. This is one of the main reasons for promoting the expansion of this market. Furthermore, due to the inclusion of naturally powerful components, berry-flavored yogurts are also attracting the attention of consumers. As a result, the demand for strawberry and blueberry-flavored frozen yogurt is rising.
The Conventional segment acquired maximum revenue share in the Global Frozen Yogurt Market by Nature in 2021 thereby, achieving a market value of $10.4 billion by 2028. Various flavors, fruits, additives, sweeteners, thickeners, and stabilizers are used to make conventional frozen yogurt. However, due to the quantity requirement at cheaper pricing, the commercial market accounts for the majority of demand for conventional frozen yogurt. In addition, the benefits of frozen yogurt over ice cream have also increased its demand in emerging nations. All these factors are propelling the growth of the conventional frozen yogurt segment.
The Supermarket / Hypermarket segment has shown the growth rate of 4.3 % during (2022 – 2028). Consumers frequently purchase frozen flavor yogurt in bulk from hypermarkets and supermarkets. The hypermarket/supermarket now offers yogurt produced in several nations in response to the change in the demand for diverse, flavorful yogurt varieties. The tendency of hypermarkets and supermarkets is rising as towns grow into cities and cities into the hyper city. Because so many people shop at supermarkets, frozen yogurt producers have more opportunities to sell their goods and satisfy consumer demand.
The Europe market dominated the Global Frozen Yogurt Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.7 billion by 2028. The Asia Pacific market is exhibiting a CAGR of 5.5% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 4.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/frozen-yogurt-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
Unique Offerings from KBV Research
North America Frozen Yogurt Market size & Opportunities 2022-2028
Europe Frozen Yogurt Market & Growth Forecast 2022-2028
Asia Pacific Frozen Yogurt Market Share & Industry Outlook to 2028
LAMEA Frozen Yogurt Market Growth, Trends & Forecasts 2022-2028