Industry Trends and Analysis
The Saudi Arabia Frozen Yogurt market is gaining popularity and is anticipated to garner a significant share by 2022, while registering itself at a higher compound annual growth rate (CAGR) during the forecast period. Frozen yogurt is a solidified dessert which is comprised of yogurt and at times with other dairy items are likewise used. The prime element of frozen yogurt are milk solid, sweetener (artificial sweetener such as aspartame is used), milk fat and culture of yogurt. Frozen yogurt is commonly termed as frogurt. Frozen yogurt was invented in America and now it's widely consumed throughout the world. Frozen yogurt is usually more sourish in comparison to ice-cream and is particularly low in fat on account of the utilization of milk rather than cream. It is a regular soft serve however differs from frozen yogurt. It is additionally named as low fat light ice-cream. Different from the typical yogurt, frozen yogurt isn't regulated by FDI. There is a mistaken belief in individuals that frozen yogurt is a probiotic, but that isn’t always the case, frozen yogurt might or might not possibly contain active and live bacteria cultures in it. Frozen yogurt also comprises of vegetable added substances, for example, carrageenan, guar gum, etc. and creature gelatin to balance out the yogurt which reduces the crystallization of yogurt when it is kept in low temperature. Nowadays, consumers are becoming more and more health conscious and due to which they are opting for desserts which have zero fat or low in sugar. Frozen yogurt acts as a best substitute to sugary desserts since it fulfill the needed demand of consumers; these factors together will propel the demand for frozen yogurt market in Saudi Arabia. Also, distribution of such products via online modes, as online retailers provide a vast option of frozen yogurt. Furthermore, rising penetration of steady players assures a greatly competitive market situation, and leads to more variety, which as a result is expected to boost the market further.
Type Outlook and Trend Analysis
On the basis of type the frozen yogurt market is fragmented into Regular Frozen Yogurt, Plain Frozen Yogurt, Flavored Frozen Yogurt and Sugar free frozen yogurt. Regular frozen yogurt is available widely and does not have any kind of added substance or flavors to it. It is generally preferred by individuals who do not like any flavor in the yogurt. Sugar free frozen yogurt, on the other hand is extensively preferred by individuals who suffer from diabetes. It is an outstanding alternative to other deserts that contain high amount of sugar. Flavored frozen yogurt is available in a wide range of flavors, for example, chocolate, peach, and strawberry, along with others.
Fat Content Outlook and Trend Analysis
Based on the fat content, the Saudi Arabia frozen yogurt market is sectioned into no fat (zero fat) and low fat. The low fat frozen yogurt consists of low fat milk or part-skim milk and the ratio of milk fat is between 2% to 0.5%. Whereas, the no fat or the zero fat frozen yogurt is consolidated of purely skim milk which comprises of milk fat less than 0.5%. Individuals who are constantly watching their calorie and fat intake, opt for frozen yogurt as a substitute to ice cream. Nevertheless, the reduced calorie and fat content might differ based on the portion size and any extra items added to it such as marshmallows, syrups, and candy pieces, as these will not just the fat content, but also increase the sugar and calorie content in the frozen yogurt.
Flavor Outlook and Trend Analysis
On the basis of flavor the market is fragmented into chocolate, peach, lemonade, strawberry, pineapple, mango, banana and others. In this classification mango and strawberry flavored frozen yogurt are picking up the notoriety worldwide and is anticipated to stay prevailing over the estimated time frame.
Distribution Channel Outlook and Trend Analysis
On the basis of distribution channel the market is sectioned into grocery stores, specialty stores, supermarket/hypermarket, online stores, and others. Frozen yogurt which is sold in specialty stores is anticipated to hold moderately higher share of revenue in the frozen yogurt market, which is trailed by supermarket/hypermarket segment. Factors like the development of organized retailing will help in the development of the frozen yogurt market over the estimate time frame. Composed retail locations including grocery stores and hypermarkets stock a wide assortment of items from various brands along these lines giving the clients a wide assortment of choices to pick. Thus, buyers want to shop at markets contrasted with ordinary stores. In addition, the blast in sorted out retailing in rising economies enables merchants to utilize the composed retail stage to stock and pitch items as well as to advance their offerings through direct associations with the clients.
Regional Outlook and Trend Analysis
Regional portion for the market of frozen yogurt is fragmented into seven distinct locales: South Saudi Arabia, North Saudi Arabia, West Saudi Arabia, and East Saudi Arabia. Among this locale Saudi Arabia is relied upon to have the real piece of the overall industry universally. It has additionally risen as a noticeable market for frozen yogurt.
The frozen yogurt market is exceptionally powerful in nature as it is liable to quickly changing buyer inclinations and request. The market is divided on account of the existence of various large and small sellers. The suppliers in the market contend regarding item distribution, service, innovation, reputation, quality, and pricing. The major players in the market are Menchie’s, Bai Wei Mi Ma, Micat, Ei Mio, Salud, Yogiboost, Sunberry, Perfectime, llaollao and Yogen Fruz.
The Saudi Arabia Frozen Yogurt Market is segmented as follows:
Plain Frozen Yogurt
Flavored Frozen Yogurt
Regular Frozen Yogurt
Sugar free frozen yogurt
By Fat Content
Low Fat Frozen Yogurt
No Fat Frozen Yogurt
By Distribution Channel
Other Distribution Channel
South Saudi Arabia
East Saudi Arabia
North Saudi Arabia
West Saudi Arabia