QYResearch: The frozen yogurt industry is projected to reach USD 1297.86 million USD by 2021
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Frozen yogurt is a frozen dessert made with yogurt and sometimes other dairy products. Frozen yogurt, a crossbreed between the more traditional ice cream dessert and the healthier yogurt products, has become the new way for customers to enjoy their dessert while still being conscious of their health.
Frozen yogurt isn’t completely frozen but simply contains ice crystals; the primary ingredient is milk and milk products, sugar accounts for about 15 per cent of the ingredients and the strains of bacteria makes up about 1 per cent.
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According to QYResearch, The frozen yogurt industry was 434.63 million USD in 2016 and is projected to reach USD 1297.86 million USD by 2021, at a CAGR of 20.00% between 2016 and 2021. The market for frozen yogurt is fragmented with players such as Perfectime, llaollao, Micat, eimio, Salud, Menchie's, Sunberry, Bai Wei Mi Ma, Yogen Fruz, Yogiboost, and so on. Among them, Perfectime is the global leading supplier. On the basis of type, the frozen yogurt market is segmented into Plain Frozen Yogurt, Flavored Frozen Yogurt. The Flavored Frozen Yogurt segment is expected to account for the larger share of the global market in 2017. End-users, included in this market are Minor (age<18), Young Man (18-30), Young Woman (18-30), Middle-Aged Person (30-50), Senior (age>50). The consumer Young Woman (18-30) application is expected to account for the largest share of the global market in 2017.
Based on regions, the global frozen yogurt market is segmented into Southeast, Northwest, Central China, South China, East China, and North China. North China is expected to account for the largest share and East China is growing fastest of the market during the forecast period.
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Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
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