Market Trends of Asia-Pacific Frozen Yogurt Industry
This section covers the major market trends shaping the APAC Frozen Yogurt Market according to our research experts:
Increasing Demand for Vegan Yogurt
Vegetarian food is always in demand in the Asia-Pacific region, and the trend for specific vegetarian food, like meat and dairy alternatives, is increasing. Asian consumers are interested in no-meat and non-dairy products, even if they are not vegetarians. About half of the Indonesian population and about two-third of the Indian people are interested in healthier diets. Chinese consumers are more health-conscious than Indonesians and Indians. In Japan, the demand for plant-based yogurt witnessed a rapid growth in 2017, due to a continued keen interest in its health benefits, among the consumers, across different age groups.
China Remains the Fastest-growing Market
Frozen yogurt is bound to achieve great success in the Chinese market, as the increasing demand for low-fat, healthy food will likely encourage people to spend more on these products. The rising income level of consumers, drastic development of manufacturing capabilities, premiumization trend in the country, and increasing adoption of premium products among consumers are projected to cater to the increasing demand for frozen yogurts in China.
