Low-Fat Yogurt Market to Grow with a CAGR of 6.52% through 2028
Increasing health consciousness and availability of
innovative flavors are driving the Global Low-Fat Yogurt Market in the forecast
period 2024-2028.
According to TechSci Research report, “Low-Fat
Yogurt Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Low-Fat Yogurt Market stood at USD 12.85
billion in 2022 and is anticipated to grow with a CAGR of 6.52% in the forecast
period, 2024-2028. The global low-fat yogurt market has experienced significant
growth in recent years, driven by several key factors that reflect shifting
consumer preferences and a growing emphasis on health and wellness. This market
segment has become increasingly popular among health-conscious individuals who
seek nutritious and delicious dairy products that align with their dietary
goals.
One of the primary drivers of the global low-fat
yogurt market is the pervasive health and wellness trend. As consumers become
more health-conscious and seek ways to improve their diets, low-fat yogurt has
emerged as a preferred choice. It offers a balance between satisfying taste and
health benefits, making it an attractive option. Low-fat yogurt is known for
being lower in calories and saturated fats compared to regular yogurt, making
it a suitable choice for those looking to manage their weight and reduce their
fat intake.
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Additionally, low-fat yogurt is a rich source of
essential nutrients such as calcium, protein, and probiotics, which promote
bone health, aid digestion, and boost the immune system. As consumers
increasingly prioritize these health benefits, the demand for low-fat yogurt
continues to grow, driving market expansion.
Another significant driver behind the growth of the
global low-fat yogurt market is the rising prevalence of obesity and related
health concerns. Obesity has become a global epidemic, leading to an increased
awareness of the importance of reducing saturated fat intake and maintaining a
balanced diet. Low-fat yogurt has gained popularity as a sensible dietary
choice for individuals looking to manage their weight and reduce their risk of
obesity-related health issues. This trend has been particularly influential in
regions with higher obesity rates. Furthermore, the expansion of the global
low-fat yogurt market can be attributed to innovative product offerings.
Manufacturers are continually introducing new flavors, formulations, and
packaging options to cater to evolving consumer preferences. Flavored low-fat
yogurts, dairy-free alternatives, and convenient packaging formats have all
contributed to the market's growth. These innovations have not only broadened
the customer base but have also encouraged existing consumers to explore new
tastes and textures within the low-fat yogurt category.
The market's growth is not limited to a specific
region, as low-fat yogurt has gained popularity across North America, Europe,
Asia-Pacific, and beyond. Manufacturers are also focusing on marketing
strategies, including advertising campaigns and social media promotion, to
further expand their customer base. This global reach has led to increased
sales and market penetration.
In conclusion, the global low-fat yogurt market is
thriving due to increasing health consciousness, innovative product
developments, and strategic marketing efforts. As consumers continue to seek
healthier snack options, the market is expected to witness sustained growth in
the coming years. The versatility of low-fat yogurt, with its blend of taste
and nutrition, positions it as a staple in the diets of health-conscious
individuals worldwide. Manufacturers are likely to continue capitalizing on
this trend by introducing new flavors, ingredients, and packaging options,
making low-fat yogurt an enduring presence in the global dairy market.
The Global Low-Fat Yogurt Market is segmented into nature,
type, sales channel, regional distribution, and company.
Based on nature the market is segmented into organic
and non-organic. The global low-fat yogurt market has seen a notable surge in
the demand for organic low-fat yogurt. This increase in popularity can be
attributed to consumers' growing awareness of the benefits of organic products.
Organic low-fat yogurt is perceived as a healthier and more sustainable option,
as it is made from ingredients grown without synthetic pesticides or
genetically modified organisms (GMOs). This trend underscores the importance of
sustainability and natural ingredients in consumer choices, driving the demand
for organic low-fat yogurt in the global market.
Based on type the market is segmented into flavored,
fruit, plain.Based
on sales channel the market is segmented into supermarkets/hypermarkets,
departmental stores, online, and others.Based on region the market is segmented
into five regions, North America, Europe, Asia Pacific, Middle East & Africa,
and South America.
Major companies operating in
Global Low-Fat Yogurt Market are:
- General Mills, Inc.
- Danone, Inc.
- Nestle S.A.
- Rainy Lanes Dairy Foods Ltd.
- Springfield Creamery (Nancy's)
- Jalna Dairy Foods
- Gopala
- Wallaby Yogurt Company
- Byrne Dairy
- Tillamook Dairy Co-Op.
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“Availability of innovative flavors and ingredients is
a significant trend that is expected to have an impact on growth over the
forecasted period. Growing demand for organic products, increasing health
consciousness, and availability of plant-based alternatives applications will
positively impact the Global Low-Fat Yogurt Market. Due to the wide range of
products available to meet specific needs of, as well as the growing popularity
of the online sales channel, the market is growing at impressive rate through
projected period,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Low-Fat Yogurt Market – Global Industry Size, Share, Trends Opportunity, and Forecast, By Nature (Organic,
Non-Organic), By Type (Flavored, Fruit, Plain), By Sales Channel
(Supermarkets/Hypermarkets, Departmental Stores, Online, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Low-Fat Yogurt Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Low-Fat Yogurt Market.
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