The size of the Latin America frozen yogurt market is expected to be worth USD 0.14 billion in 2024 and grow at a CAGR of 4.39% from 2024 to 2029 to achieve USD 0.17 billion by 2029. Frozen yogurt is a dessert which is made from yogurt. 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 Latin America 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.
In this segment, speciality stores is expected to have the largest share which is followed by supermarkets and hypermarkets.
Factors such as rising disposable income and health benefits offered by frozen yogurt is expected to drive the market growth in the region.
Major Key Players in the Latin America Frozen Yogurt Market are 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
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