The North America Frozen Yogurt Market should witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Customers are drawn to buy food products online due to the growing prevalence of numerous online portals, especially indeveloping countries, and the rise in offers and discounts. Additionally, because of the expanded customer reach provided by the internet sales channel, it has developed into a major source of income for many businesses.
The demand for online sales is also anticipated to rise in the near future as a result of the emerging markets' explosive development in the number of online and mobile users. Increased e-commerce sales, better logistical services, more convenient payment methods, and the ability of large brands to penetrate new international markets all contribute to the growth of the frozen yogurt market.
The retail sector consists of businesses and people who sell finished goods and products to consumers. A wide variety of frozen yogurt and related products are sold through diverse retail channels like hypermarkets, supermarkets, discounters, forecourt retailers, convenience stores,and grocery stores. As a result, one major element propelling thefrozen yogurt market is the rise of the retail market.
Consumers in the US and Canada are increasing their emphasis on eating foods with low-fat content and are becoming more health-conscious. As a result, the fastest-growing category of frozen yogurt in these industrialized nations is nonfat varieties. Additionally, this region has reputable manufacturers and distributors of frozen yogurt. Yogurt demand is aided by consumers' enthusiasm to lead healthier lives in this region through nutrition and exercise. Additionally, the self-serve approach is rapidly gaining acceptance. Therefore, in the coming years, the demand for frozen yogurt is bound to increase, which will be beneficial for the market.
The US market dominated the North America Frozen Yogurt Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,941.7 million by 2028. The Canada market is poised to grow at a CAGR of 7% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6% during (2022-2028).
Based on Flavor, the market is segmented into Chocolate, Strawberry, Mango, Pineapple and Others. Based on Nature, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Supermarket / Hypermarket, Specialist Retailers, Online Stores, Convenience Stores and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lactalis Group, General Mills, Inc., Nestle S.A., Saputo, Inc., Britannia Industries Limited (Wadia group), Danone S.A. (Sofina Group), DuPont de Nemours, Inc., Arla Foods, Inc., Yakult Honsha Co., Ltd., and Menchie's Group, Inc.
Customers are drawn to buy food products online due to the growing prevalence of numerous online portals, especially indeveloping countries, and the rise in offers and discounts. Additionally, because of the expanded customer reach provided by the internet sales channel, it has developed into a major source of income for many businesses.
The demand for online sales is also anticipated to rise in the near future as a result of the emerging markets' explosive development in the number of online and mobile users. Increased e-commerce sales, better logistical services, more convenient payment methods, and the ability of large brands to penetrate new international markets all contribute to the growth of the frozen yogurt market.
The retail sector consists of businesses and people who sell finished goods and products to consumers. A wide variety of frozen yogurt and related products are sold through diverse retail channels like hypermarkets, supermarkets, discounters, forecourt retailers, convenience stores,and grocery stores. As a result, one major element propelling thefrozen yogurt market is the rise of the retail market.
Consumers in the US and Canada are increasing their emphasis on eating foods with low-fat content and are becoming more health-conscious. As a result, the fastest-growing category of frozen yogurt in these industrialized nations is nonfat varieties. Additionally, this region has reputable manufacturers and distributors of frozen yogurt. Yogurt demand is aided by consumers' enthusiasm to lead healthier lives in this region through nutrition and exercise. Additionally, the self-serve approach is rapidly gaining acceptance. Therefore, in the coming years, the demand for frozen yogurt is bound to increase, which will be beneficial for the market.
The US market dominated the North America Frozen Yogurt Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,941.7 million by 2028. The Canada market is poised to grow at a CAGR of 7% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6% during (2022-2028).
Based on Flavor, the market is segmented into Chocolate, Strawberry, Mango, Pineapple and Others. Based on Nature, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Supermarket / Hypermarket, Specialist Retailers, Online Stores, Convenience Stores and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lactalis Group, General Mills, Inc., Nestle S.A., Saputo, Inc., Britannia Industries Limited (Wadia group), Danone S.A. (Sofina Group), DuPont de Nemours, Inc., Arla Foods, Inc., Yakult Honsha Co., Ltd., and Menchie's Group, Inc.
Scope of the Study
By Flavor
- Chocolate
- Strawberry
- Mango
- Pineapple
- Others
By Nature
- Conventional
- Organic
By Distribution Channel
- Supermarket / Hypermarket
- Specialist Retailers
- Online Stores
- Convenience Stores
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Lactalis Group
- General Mills, Inc.
- Nestle S.A.
- Saputo, Inc.
- Britannia Industries Limited (Wadia group)
- Danone S.A. (Sofina Group)
- DuPont de Nemours, Inc.
- Arla Foods, Inc.
- Yakult Honsha Co., Ltd.
- Menchie's Group, Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Frozen Yogurt Market, by Flavor
1.4.2 North America Frozen Yogurt Market, by Nature
1.4.3 North America Frozen Yogurt Market, by Distribution Channel
1.4.4 North America Frozen Yogurt Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Frozen Yogurt Market
Chapter 4. North America Frozen Yogurt Market by Flavor
4.1 North America Chocolate Market by Country
4.2 North America Strawberry Market by Country
4.3 North America Mango Market by Country
4.4 North America Pineapple Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Frozen Yogurt Market by Nature
5.1 North America Conventional Market by Country
5.2 North America Organic Market by Country
Chapter 6. North America Frozen Yogurt Market by Distribution Channel
6.1 North America Supermarket / Hypermarket Market by Country
6.2 North America Specialist Retailers Market by Country
6.3 North America Online Stores Market by Country
6.4 North America Convenience Stores Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Frozen Yogurt Market by Country
7.1 US Frozen Yogurt Market
7.1.1 US Frozen Yogurt Market by Flavor
7.1.2 US Frozen Yogurt Market by Nature
7.1.3 US Frozen Yogurt Market by Distribution Channel
7.2 Canada Frozen Yogurt Market
7.2.1 Canada Frozen Yogurt Market by Flavor
7.2.2 Canada Frozen Yogurt Market by Nature
7.2.3 Canada Frozen Yogurt Market by Distribution Channel
7.3 Mexico Frozen Yogurt Market
7.3.1 Mexico Frozen Yogurt Market by Flavor
7.3.2 Mexico Frozen Yogurt Market by Nature
7.3.3 Mexico Frozen Yogurt Market by Distribution Channel
7.4 Rest of North America Frozen Yogurt Market
7.4.1 Rest of North America Frozen Yogurt Market by Flavor
7.4.2 Rest of North America Frozen Yogurt Market by Nature
7.4.3 Rest of North America Frozen Yogurt Market by Distribution Channel
Chapter 8. Company Profiles
8.1 Lactalis Group
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Product Launches and Product Expansions:
8.1.2.2 Acquisition and Mergers:
8.2 General Mills, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 Nestle S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.4 Saputo, Inc.
8.4.1 Company overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Acquisition and Mergers:
8.5 Britannia Industries Limited (Wadia group)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Geographical Expansions:
8.6 Danone S.A. (Sofina Group)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Recent strategies and developments:
8.6.3.1 Product Launches and Product Expansions:
8.7 DuPont de Nemours, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Arla Foods, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expense
8.9 Yakult Honsha Co., Ltd.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.10. Menchie's Group, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
Companies Mentioned
- Lactalis Group
- General Mills, Inc.
- Nestle S.A.
- Saputo, Inc.
- Britannia Industries Limited (Wadia group)
- Danone S.A. (Sofina Group)
- DuPont de Nemours, Inc.
- Arla Foods, Inc.
- Yakult Honsha Co., Ltd.
- Menchie's Group, Inc.
Methodology
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