Market Size of Asia-Pacific Frozen Yogurt Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.30 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Frozen Yogurt Market Analysis
The Asia-Pacific frozen yogurt market is projected to witness a CAGR of 6.3% during the forecast period.
- The retail frozen yogurt market faces fierce competition from the foodservice channel and the healthy growth of refrigerated Greek yogurt sales. Health benefits associated with yogurt and the increasing number of flavors available are driving the market.
- Moreover, the shift in the frozen dessert consumption pattern due to consumer preference for low calorie and high protein products is further accelerating the growth. Intense competition from the ice cream market and other frozen dessert markets has negatively affected the market growth.