The frozen yogurt industry has seen tremendous growth in recent years, with the global market size valued at USD 1.4 billion in 2019 and North America accounting for 37.4% of that share. On average, people spend around $7 per visit to a frozen yogurt shop and there were 75.3 million Americans who had consumed it in 2020 alone. The industry is expected to see a compound annual growth rate (CAGR) of 3.23% between 2022 and 2027, while low-fat varieties account for 40% of the entire market share globally - no wonder 96% of Americans prefer it over ice cream.
Frozen Yoghurt Industry Statistics Overview
The average spending per visit to a frozen yogurt shop is around $7.
This statistic is a key indicator of the success of the frozen yogurt industry. It shows that customers are willing to spend a significant amount of money on their visits to frozen yogurt shops, which is a testament to the quality of the product and the overall experience. This statistic is also important for businesses in the industry, as it provides a benchmark for pricing and helps them to understand the potential of their market.
In 2020, there were 75.3 million people in the United States who had consumed frozen yogurt.
This statistic is a testament to the popularity of frozen yogurt in the United States. It shows that a large portion of the population has tried the product, indicating that it is a widely accepted and enjoyed treat. This is an important statistic to consider when discussing the frozen yogurt industry, as it demonstrates the potential for growth and success in the market.
The frozen yogurt industry is expected to see a compound annual growth rate (CAGR) of 3.23% between 2022 and 2027.
This statistic is a key indicator of the future of the frozen yogurt industry, providing insight into the potential for growth and expansion over the next five years. It is an essential piece of information for anyone looking to invest in the industry, as it gives an indication of the potential returns that could be achieved. Furthermore, it is a useful tool for businesses already operating in the sector, as it can help them to plan their strategies and make informed decisions about their future.
Low-fat frozen yogurt accounts for around 40% of the entire frozen yogurt market.
This statistic is a testament to the popularity of low-fat frozen yogurt, indicating that it is a major player in the frozen yogurt market. It is a clear indication that consumers are increasingly looking for healthier options when it comes to frozen desserts, and that low-fat frozen yogurt is a viable option. This statistic is an important one to consider when discussing the frozen yogurt industry, as it provides insight into the preferences of consumers and the direction the industry is heading.
In 2016, 96% of Americans preferred frozen yogurt over ice cream.
This statistic is a powerful indicator of the popularity of frozen yogurt, and serves as a testament to its growing presence in the frozen dessert market. It demonstrates that frozen yogurt has become a preferred choice for many Americans, and is a key factor in the success of the frozen yogurt industry.
People aged 18-24 constitute the largest age group consuming frozen yogurt, accounting for 34% of consumption.
This statistic is a key indicator of the Frozen Yoghurt Industry's success, as it shows that the 18-24 age group is the most engaged with the product. This suggests that the industry is successfully targeting this demographic, and that the product is resonating with them. It is likely that this age group will continue to be a major consumer of frozen yoghurt in the future, making it an important statistic to consider when looking at the industry as a whole.
In 2012, the largest chains of frozen yogurt shops in the U.S., like Pinkberry and Orange Leaf, saw their sales increase by 28.25%.
This statistic is a testament to the success of the frozen yogurt industry in 2012. It shows that the largest chains of frozen yogurt shops in the U.S. experienced a significant increase in sales, indicating that the industry was thriving. This is an important statistic to consider when discussing the overall health of the frozen yogurt industry.
As of 2018, Red Mango Inc. had 228 locations in the United States, making them one of America's largest frozen yogurt chains.
This statistic is a testament to the success of Red Mango Inc. as one of America's largest frozen yogurt chains. With 228 locations across the United States, it is clear that the company has been able to establish itself as a major player in the frozen yogurt industry. This statistic is a great example of the growth and success of the frozen yogurt industry in the United States.
In 2015, the California-based company Yogurtland held more than 18% of the U.S. frozen yogurt market share.
This statistic is a testament to the success of Yogurtland in the U.S. frozen yogurt market. It shows that the company has been able to capture a significant portion of the market share, indicating that it is a major player in the industry. This statistic is important to consider when discussing the overall state of the frozen yogurt industry, as it provides insight into the competitive landscape.
In 2017, frozen yogurt shops in the United States generated more than $2 billion in revenue.
This statistic is a testament to the immense success of the frozen yogurt industry in the United States. It shows that the industry is thriving and that it is a lucrative business to be in. This statistic is a great starting point for a blog post about Frozen Yoghurt Industry Statistics, as it provides a snapshot of the industry's success and can be used to explore further trends and insights.
Between 2011 and 2013, the number of frozen yogurt shops in the United States doubled.
This statistic is a testament to the growing popularity of frozen yogurt in the United States. It shows that the industry is thriving and that more and more people are turning to frozen yogurt as a healthier alternative to ice cream. This is an important statistic to consider when discussing the frozen yogurt industry, as it demonstrates the potential for growth and success in the industry.
As of 2020, Greece consumes the highest amount of frozen yogurt per capita in Europe, at around 2.3 kg/person annually.
This statistic is a testament to the popularity of frozen yogurt in Greece, highlighting the country's enthusiasm for the treat. It also serves as a reminder of the potential for growth in the frozen yogurt industry in Europe, as Greece's high consumption rate indicates that there is a large market for the product. Furthermore, this statistic can be used to inform marketing strategies for frozen yogurt companies, as it provides insight into the preferences of consumers in the region.
In 2014, female consumers made up 70% of frozen yogurt buyers in the United States.
This statistic is a telling indication of the Frozen Yoghurt Industry's success in appealing to female consumers. It demonstrates that the industry has been able to capture the attention of a large portion of the female demographic, and that it has been able to effectively market its products to them. This statistic is an important piece of information for anyone looking to gain insight into the Frozen Yoghurt Industry's performance and success.
Frozen yogurt has an expected market value of $14.9 million in Australia in 2020.
This statistic is a testament to the immense potential of the frozen yogurt industry in Australia. It shows that the market value of frozen yogurt is expected to reach a staggering $14.9 million in 2020, indicating that the industry is on the rise and is likely to continue to grow in the coming years. This is an important statistic for anyone interested in the frozen yogurt industry, as it provides a glimpse into the future of the industry and the potential for success.
In 2015, globally acclaimed frozen yogurt brand, Pinkberry, had more than 260 stores in 20 countries.
This statistic is a testament to the success of Pinkberry in the frozen yogurt industry. It shows that the brand has been able to expand its reach to 20 countries, with more than 260 stores, in just a few years. This is a clear indication of the popularity of the brand and the potential of the frozen yogurt industry. It is also a great example of how a business can grow and succeed in a competitive market.
Conclusion
The global frozen yogurt market has seen tremendous growth in recent years, with the industry valued at USD 1.4 billion in 2019 and expected to reach a CAGR of 3.23% between 2022 and 2027. North America accounted for the largest share of this market, followed by Asia-Pacific region which held 22.1%. Low-fat frozen yogurt accounts for around 40%, while 96% of Americans prefer it over ice cream according to 2016 statistics.
The average spending per visit is estimated at $7, with 18-24 year olds constituting 34% consumption rate as well as being one of the highest spenders on frozen yoghurt products globally. In 2020 there were 75 million people who had consumed some form of frozen yoghurt product within the United States alone; Red Mango Inc., Yogurtland and Pinkberry are amongst some popular brands that have contributed significantly towards its success worldwide since 2012 when sales increased by 28%. With an expected value reaching almost 15 million dollars in Australia during 2020, it's clear that Frozen Yoghurts will continue to be a popular choice among consumers across all age groups both domestically and internationally for many years to come.
References
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