Flavored Yogurt to Continue Leading Global Yogurt Market through 2025
Growing awareness regarding food
with health benefits and increasing acceptance of yogurt as a snack to drive
global yogurt market through 2025
According to
TechSci Research report, “Global Yogurt
Market By Fat Content, By Type, By Form, By Packaging, By Distribution
Channel, By Region, Competition, Forecast & Opportunities, 2025”,
the global yogurt market is
forecast to reach $ 123 billion by 2025. Demand for yogurt is expected to rise worldwide
owing to growth of young population base which is health conscious and is
inclined towards food products having varied health benefits, changing taste
preferences of consumers across the globe along with rising acceptance of
yogurt as a snack. Also, rising household disposable income of middle-class
population has led to an increase in demand for discretionary food items like
yogurt and this trend is anticipated to drive the growth of global yogurt
market over the forecast period.
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akult Honsha Co., Ltd., General Mills Inc.,
Inner Mongolia Yili Industrial Group Co., Ltd., Chobani, LLC., China Mengniu
Dairy Company Limited, Unternehmensgruppe Theo Müller GmbH & Co KG, Bright
Food (Group) Co., Ltd., Groupe Lactalis, Meiji Holdings Co., Ltd., etc. are
some of the major companies operating in global yogurt market. Flavored yogurt
accounts for over 70% of the market share in the global yogurt market, in terms
of value, and is expected to remain the dominant segment during the forecast
period as well.
Availability of yogurt
with different milk fat percentages caters to demand emerging from diverse consumer
segments preferring yogurt with either regular fat content, low fat or fat
free. The accessibility of different options for health-conscious consumers is positively
influencing the growth of yogurt market, globally. Yogurt with regular fat
content dominates the global yogurt market with majority of the market share in
2019 and the segment is expected to maintain the lead during the forecast
period. Asia-Pacific will continue to be the dominating region in the global
yogurt market, with the region even forecast to witness higher CAGR during the
forecast period.
“In terms of segmentation by form, conventional yogurt holds the largest share in the
global yogurt market, while flavored yogurt category is dominant in the
segmentation by yogurt type. Hence, players in the global yogurt market are
advised to increase their product portfolio of conventional yogurt category by
increasing the number of flavors offered in the same category. Rising
acceptance of yogurt as a snack, expansion of product portfolio with
introduction of low fat and fat free types in almost all forms of yogurt,
gluten-free yogurt, etc., coupled with other product innovations like organic
yogurt, sugar-free yogurt, etc., are the emerging trends worldwide.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
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“Global Yogurt Market By Fat
Content, By Type, By Form, By Packaging, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated the future
growth potential of global yogurt market and provides statistics and
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 yogurt market.
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