Global Frozen Yogurt Market – Industry Trends and Forecast to 2030

The Frozen Yogurt market is experiencing robust expansion, with market size projected to increase from 1.87 billion in 2024 to 2.46 billion by 2030, demonstrating a consistent year-over-year growth rate of 3.53%. Frozen Yogurt Market Size, Share, Competitive Landscape and Trend Analysis Report, , And regions (North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2030

Frozen yoghurt is a dessert made with a fermented dairy product that incorporates, along with other ingredients, commonly dairy or non-dairy components. It is basically a growing market that prospers from consumer demand for healthful as well as indulgent food items. The assumption added to this tendency is that frozen yoghurt is a healthier alternative to ice cream, as it contains less fat and has more proteins than that. The different segments of the market can be categorised into product types, which include dairy-based, non-dairy-based, flavour, and distribution channels, which include supermarkets, convenience stores, online, and region. Other areas that drive the market include changing consumer preferences, increasing health awareness, increased disposable income, and use of innovative flavours and toppings, among others.

Frozen Yogurt Report Highlights

Report Metrics	Details
Forecast period	2019-2030
Base Year Of Estimation	2023
Growth Rate	CAGR of 3.53%
Forecast Value (2030)	USD 2.46 billion
Key Market Players	Danone (Paris, France) General Mills (Minnesota, U.S.) Gujarat Cooperative Milk Marketing Federation (Gujarat, India) Honey Hill Farms (Russellville, U.S.) Nestle S.A. (Vevey, Switzerland) Pinkberry (California, U.S.) Red Mango Inc. (Texas, U.S.) Scott Brothers Dairy (Chino U.S.) Yogurtland Inc. (California, U.S.)
By Region	North America(United States, Canada, Mexico) South America(Brazil, Argentina, Chile, Rest of South America) Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe) Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific) MEA(Middle East, Africa)

Frozen Yogurt Market Trends

The continuous health awareness and healthier dessert options are expected to keep the global frozen yoghurt market going. Most of the consumers are swayed by the lower fat and higher protein contents of frozen yoghurt as compared to regular ice creams. With increasing preference given to new and innovative flavours, toppings, and more health-conscious ingredients, consumers have a wide range of options for selection. On top of this, there are healthier lifestyles and the soaring demand for plant-based and/or dairy-free frozen yoghurts that would further boost the market for frozen yogurt. The market is expected to be followed by the introduction of fresh products and strategic partnerships as well as increased distribution outlets since consumers are becoming choosy regarding their food selections.

Frozen Yogurt Market Leading Players

The key players profiled in the report are Danone (Paris, France), General Mills (Minnesota, U.S.), Gujarat Cooperative Milk Marketing Federation (Gujarat, India), Honey Hill Farms (Russellville, U.S.), Nestle S.A. (Vevey, Switzerland), Pinkberry (California, U.S.), Red Mango Inc. (Texas, U.S.), Scott Brothers Dairy (Chino U.S.), Yogurtland Inc. (California, U.S.)

Growth Accelerators

The frozen yoghurt consumption process has been significantly fuelled by the tendency of the general population to consume healthy desserts. As awareness of being healthy grows, more people who previously consumed ice cream quickly switch to consuming frozen yoghurt, a healthier alternative. It is advertised as a lower-sugar, probiotic-containing dessert, thus popular among the health-conscious. The strongest forces of this phenomenon are the so-called millennials and Generation Z, who look for food that tastes good and is good for health at the same time. Another factor supplementing this market is the increasing availability of different flavours, toppings, and formats of frozen yogurts. In addition, the development of self-serve outlets of frozen yoghurt, with novel product offerings such as dairy-free, gluten-free, and vegan options, satisfies a wide variety of consumer demands and dietary restrictions, hence a growing market. This is further fuelled by an increase in the number of frozen yoghurt franchises and retail partnerships around the world.

Frozen Yogurt Market Segmentation analysis

The Global Frozen Yogurt is segmented by and Region.
. Geographically, the market is assessed across key Regions like North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

In the frozen yoghurt market, competition is highly fragmented since it includes everything from powerful international brands to single local shops. Major companies—major players such as General Mills, Danone, and Unilever—are currently engaged in innovating products and flavours to keep themselves well stocked with changing consumer tastes. New self-serve frozen yoghurt outlets have also been developed, along with dairy-free and vegan offerings created to satisfy sugar-restricted diets. Under the rising competitive challenges, companies will be ready to spend on research and development into their product ranges to remain relevant in dynamic, health-conscious, and customizable markets.

Challenges In Frozen Yogurt Market

One of the toughest scrapes for global frozen yoghurt has to face intense competition and price changes now and then. These changes come with the growth of the market, where many entrants confuse the nature of and keep entering the market. Established brands and local players must constantly innovate to keep the difference in product offerings, and this leads to higher marketing and product development costs. Changes in taste by consumers and an ever-increasing demand for healthier plant-based options pose another serious challenge. Although frozen yoghurt has been mostly touted to be less fatty than ice cream and has been promoted as a healthy dessert, the state's rising awareness regarding dietary restrictions and preferences, such as being a vegan, gluten-free, and low-sugar one, is forcing brands to reinvent themselves. Continuous updates are needed in the viewpoint of companies regarding the changing requirements of consumers to retain them.

Risks & Prospects in Frozen Yogurt Market

Indeed, the world's frozen yoghurt business has got lots of opportunities due to rising customer needs for healthier dessert choices. There is a growing preference for lower-fat, lower-calorie alternatives over traditional ice cream with the increasing health awareness among people, especially millennials and Gen-Z. Frozen yoghurt is usually perceived as a healthy treat with probiotic benefits and benefitted by this trend, specifically in developed health and wellness markets. Therefore, there is an opportunity for innovating low-sugar, organic, and even all-dairy-free products to satisfy diverse diet options for customers. In addition, emerging retail and foodservice channels have tremendous growth potential for the global frozen yoghurt market. The growth of self-serve frozen yoghurt shops and greater incorporation into larger foodservice chains and supermarkets has enhanced the availability of frozen yogurt. Via unique flavours, toppings, and customizability, frozen yoghurt brands are targeting consumers looking for something novel by tapping into new markets. The extensive growth of e-commerce and online deliverables assures that frozen yoghurt can also have a wide reach across audiences, thereby increasing the customer base and market share of companies.

Key Target Audience

The major direct target in the global frozen yoghurt market continues to be health-conscious consumers, followed by younger generations, such as millennials, and families looking for healthier dessert choices. Such people usually think of frozen yoghurt as a healthier, lower-calorie alternative to traditional ice cream that's packed with probiotics; they turn to it when they want to indulge but without the guilt of oozing butter cream. This makes up an audience of health- and wellness-conscious individuals, making frozen yoghurt a highly attractive option at times when consumers want to have a treat without the guilt usually associated with desserts, especially in an urban setting with active lifestyles focused on wellness and fitness.,, In addition, young adults, especially millennials and Gen Z, would be considered another primary target audience because they usually try all these new and trendy food experiences; thus, they are more inclined to search for frozen yoghurt as part of an enjoyable dessert experience, where they can generally find a wide variety of toppings and flavour options. Its versatility and presumed health benefits have made frozen yoghurt widespread among this type of consumer segment.

Merger and acquisition

The entire frozen yoghurt market in the world has entered a series of mergers and acquisitions for improving the product lines of these companies as well as enlarging their market coverage. One such instance is Unilever's acquisition of Yasso in June 2023, positioning the company to strengthen its health-orientated desserts portfolio. The acquisition is also part of the increasing consumer demand for low-fat and probiotic products, which are gaining popularity among health-conscious consumers. An additional manifestation of strategic moves in the industry so as to strengthen their hold on the health-driven frozen dessert category is Campbell Soup Company's acquisition of Sovos Brands, which includes the Noosa line of frozen yogurt. As competition becomes fiercer from established brands like these—Menchie's, TCBY, and Yogurtland—on the other hand, companies are exploring flavours and customer experiences with partnerships and collaborations. The frozen yoghurt market is expected to grow from about $6.81 billion in 2023 to around $10.09 billion by 2031, thanks to trends that favour healthier dessert substitutes. This exciting yet dynamic environment pushes players to uphold strategic M&A activity to remain viable within the competition and consumer preferences, which are undergoing changes, particularly in Asia-Pacific, where innovative flavour combinations are prized.