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The Market Value of Frozen Yogurt in New Zealand Essay

Decent Essays

The “My Choice” frozen yogurt company is a speciality shop for frozen yoghurt. In the frozen dessert industry, frozen yogurt is a new popular dessert since ice cream. Although frozen yogurt businesses have developed greatly in the past few years in New Zealand, and are going strong in the future. Frozen dessert category is characterized by high demand in New Zealand and Australia. New Zealanders love their ice cream products than other country people.
Many big manufacturers sell their products through retail stores and wholesalers and stores which are operated under franchise agreement, which has contributed to industry growth in the past five years.
Outline the size of the market, its prospects for growth and any trends likely to impact …show more content…

Consuming Frozen Yogurt as breakfast and as a daily meal are the new trends in some countries.

Describe each of the major competitors. Include relevant information on their size, market share, distribution channels, pricing strategy, target market, product lines, brands etc.
The major competitors are New Zealand Natural, Fresh n Fruity and Kiwi Yo.

New Zealand Natural:
New Zealand Natural is an economy range frozen desert brand. It is an international branding and reputation made it a potential target to companies in frozen desert category all over the world.
New Zealand Natural operates with branded franchises across the world. Currently New Zealand Natural products are sale to New Zealand, UK, Hong Kong and Korea and then it will move further in to some Asian and Europe countries.

Fresh n Fruity:
Fresh n Fruity is a subsidiary of Fonterra and it is a 100% New Zealand brand. Tip Top's gross sales are worth more than $200 million a year in ice cream segment. Fresh n Fruity is the largest manufacturer, distributor and wholesaler of ice cream.

Kiwi Yo:
Kiwi Yo is created new hype in the Frozen Yogurt Market. It established as a Frozen Yogurt store and made tremendous hype for Frozen Yogurt in the market and became a role model for other firms to enter in the market.

Describe any barriers to entry into the industry. How

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