DUBLIN--(BUSINESS WIRE)--The "Global Frozen Yogurt Market - Segmented by Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global Frozen Yogurt market valued at USD 1,408 million in 2017 witnessing a CAGR of 3.4% during the forecast period, 2018-2023. The volume consumption of global frozen yogurt is expected to reach 355 million liters by 2023, registering a CAGR of 1% during the forecast period.
The retail frozen yogurt market has observed a fierce competition from the foodservice channel and strong growth of refrigerated Greek yogurt sale. The scope of the market is limited to-Frozen fruit flavored yogurt, artisanal frozen yogurts, frozen fromage frais, and frozen yogurt, which are sold as an alternative to ice cream/frozen dessert.
Increased consumer preference for low calorie, high protein healthier dessert is the primary factor driving the market. Food service channel has vigorously expanded the franchise chain of frozen yogurt offering innovative flavors and custom products is the major restraint for the retail market. Intense competition from ice cream and other frozen dessert category has negatively affected the market growth.
The global Frozen Yogurt market is concentrated among top players. Mergers and Acquisitions are the primary strategies adopted by players to innovate new product offerings. Frozen yogurt companies possess tough competition from ice cream players as well as other chocolatiers. Increasing number of private label brands offering products at lower prices possess tough competition to the existing players.
Key Developments
- July 2017 - General Mills rolled out its Hagen-Dazs frozen yogurt products -Yoplait Triple Sensation, Old El Paso Mini Stand 'N Stuff Taco Kits and Champs de Fruit in France, UK, and Spain. The product is available in plain, macadamia, and strawberry flavor in pints and mini-cup
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February 2017 - The Skinny Cow brand has introduced its Greek Frozen
Yogurt Bars in two flavors, Salt-Kissed Caramel, and Chocolate
Fudgetastic Swirl. Impulse purchasing of frozen yogurt in bar and
sticks form are the popular category in frozen dessert, which accounts
for 45% of the sales. Targeting convenient pack, which is growing at a
faster rate is the main strategy adopted by the company to drive sales
Key Topics Covered
1. Introduction
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. List of Company Profiles
7. Companies Covered
- TCBY
- Nestle SA
- Unilever
- Dean Foods
- General Mills Inc.
- Lick
- YooMoo Ltd
- Frosty Boy Australia
- Ben & Jerry's Homemade Holdings Inc.
- Yasso Inc
- Kemps LLC
- Wells Enterprises Inc.
For more information about this report visit https://www.researchandmarkets.com/research/qknzr3/frozen_yogurt?w=4
