Asia Pacific Frozen Yogurt Market was worth USD xx billion in 2022 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2028.
Frozen yogurt is a dessert which is made from yoghurt. It is typically more tart than ice cream and has lower fat. It may contain live or active bacteria.
Frozen yogurt in the current days is used a lot like ice cream, and served in a wide range of styles and flavours. A lot of companies allow consumers the option of adding several toppings, from bananas to strawberries, or ordering their frozen yogurt in cones or in cups. Certain companies produce sugar-free varieties. Frozen yogurt made by a few chains is tarter and similar in taste to the original recipe, whereas other companies concentrate on preparing their frozen yogurt taste similar to ice cream.
The Asia Pacific Frozen Yogurt market is driven by factors like low fat as compared to conventional desserts, improving distribution channels, increasing penetration of players and preference of kids for frozen yogurt among others. Moreover, a wide variety of flavours are also being available in the market which is propelling the growth.
Asia Pacific Frozen Yogurt Market Segmentation Analysis:
The Asia Pacific Frozen Yogurt market is divided on the basis of fat content into low fat and no fat. On the basis of type, the market is divided into regular frozen yogurt and sugar free frozen yogurt. By flavour, the market is categorised into peach, chocolate, strawberry, chocolate, banana, lemonade, pineapple and other flavours. On the basis of distribution channels, the market is divided into supermarkets and hypermarkets, speciality stores, online stores, grocery stores and other distribution channels. In this segment, speciality stores is expected to have the largest share which is followed by supermarkets and hypermarkets.
The Asia Pacific Frozen Yogurt market is divided based on geography into India, China, Japan, Australia and other parts in the region. Asia Pacific has the third largest market for frozen yogurt in the world after North America and Europe regions. It is the fastest growing region for frozen yogurt market. Factors such as rising disposable income and health benefits offered by frozen yogurt is expected to drive the market growth in the region.
Key Players in the Market:
Major key players in the Asia Pacific Frozen Yogurt Market are
Some of the major players in the market include Menchie's Frozen Yogurt Company, Pinkberry, Honey Hill Farms, Scott Brothers Dairy, Red Mango, Inc., Yogurtland Inc., Gujarat Cooperative Milk Marketing Federation Ltd., TCBY, and Nestle among others.
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