This is due to the rapid change in the lifestyle of urban consumers and the increasing importance of healthy foods. The popularity of yogurt is more in developed countries, as compared to developing countries. Also, the introduction of a new range of flavors and superior services has spurred its demand. It has exploded in terms of popularity over the last few years, owing to the increasing number of health-conscious consumers. The market is projected to grow from USD 1.69 billion in 2021 to USD 2.14 billion in 2028 at a CAGR of 3.5% in the 2021-2028 period.įrozen yogurt is mainly marketed as a prominent and healthier alternative for ice-creams and several desserts operated in the same business segments. According to our analysis, the global market exhibited a steady growth of 3.6% in 2020 compared to the average year-on-year growth during 2017-2019. The increasing awareness of the importance of a healthy diet and nutritious food among consumers would create an opportunistic market for yogurt producers and retailers. The global frozen yogurt market size was USD 1.63 billion in 2020.
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