The IFYA Anniversary Message
State of Froyo Today
According to a recent report by Technavio, the frozen yogurt industry had a value of $2.39 billion in 2016, with a projected value in 2021 of $3.96 billion. IBIS World estimates that the growth rate of the frozen yogurt industry from 2011-2016 was 11.6%. According to Technavio, the “frozen yogurt market in the US is expected to grow at a CAGR of almost 11% from 2017-2021.”
The US market for frozen yogurt has slowed and many shops have closed or been acquired. During the consolidation period, surviving frozen yogurt businesses need to build their brands, offer something different and stay open to innovation. The IFYA helps frozen yogurt store owners keep track of trends and best practices, as well as offer discounts for a wide range of goods and services, and access to industry experts.
New Project, The National Frozen Yogurt Survey
The IFYA is currently working on an ambitious new project, to better understand the state of frozen yogurt in the US today. To do this, we’ll need to hear from both frozen yogurt consumers and frozen yogurt shop operators.
For shops, we’d like to learn what their main concerns are, their costs, key operational practices, satisfaction with suppliers, etc. For consumers, we’d like to learn how brand loyal they are, how they would rate the largest froyo chains, what drives them to go to a froyo shop, what might increase their visit frequency, etc.
We’re looking for project partners. Partners could provide the prizes for frozen yogurt consumers or shop operators and/or help distribute the survey, in exchange for more of the survey results data and analysis. If you think you might be interested, please contact us at firstname.lastname@example.org
If all goes well, this could be an annual survey. The results will be useful for froyo shops and suppliers. The more responses we get, the better and more reliable our results will be.
Our Association is 1,800 Members Strong
Last July we had 1,400 members in 104 countries. Since then, we've grown to 1,800 members strong. This July, we have over 1,800 members in 108 countries. While most of our members are in the US, we clearly have an international presence. There are IFYA members in Albania, Nigeria, Saudi Arabia, and Myanmar, and of course many other countries.
IFYA members include frozen yogurt store operators and employees (42%), prospective frozen yogurt store operators (23%), frozen yogurt fans (14%), frozen yogurt industry suppliers (9%), and other (12%).
We’ve reached several big milestones in social media, including over 2,500 followers on Twitter, over 1,100 followers on Pinterest, over 1,600 followers on Instagram (almost 1,000 new followers in the last year) and nearly 700 Facebo0k fans.
Offering Greater Membership Value
Our members can save hundreds or even thousands of dollars on essentials for their frozen yogurt shops. IFYA members continued to enjoy exclusive member discounts on frozen yogurt mix, frozen yogurt machines, toppings dispensers, cup dividers, payment processing, insurance and HR/payroll services.
FrozenSolutions.com and Aurel LLC offered limited time IFYA member discounts on cups, spoons and soft serve machines. Both Preferred Connect Insurance Center and FrozenDesssertSupplies.com increased the discount offered to our members.
New Website Features
We launched the new website design at the end of last year and reorganized the article library. These changes were undertaken to make it easier to find what you’re looking for on our website.
In addition to our advisory board and frozen yogurt industry experts, we're thrilled to enjoy the support of our corporate sponsors. A huge thank you to our sponsors for helping us as we strive to promote the quality and success of the frozen yogurt industry:
- Dannon YoCream
Please support our corporate sponsors and our advertisers when you're looking for frozen yogurt supplies.
We continued our tradition of having an anniversary contest with the Far-Out Froyo Flavors contest. Frozen yogurt fans were invited to share their most creative, appealing froyo flavor ideas for a chance to win a sweet prize package.
The winning flavor, White Peach Oolong Tea froyo, was submitted by @xtracetracex on Instagram.
President, International Frozen Yogurt Association