Australia Yogurt Market to Surpass USD1670 in the Next Five Years
Australia
Yogurt Market to be driven by young consumers who are opting for healthy
choices and increasing number of yogurt flavors by the leading companies in the
forecast period
According to TechSci
Research report, “Australia
Yogurt Market, By Type (Non-Flavored Flavored), By Fat
Content, (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt,
Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging (Pouches,
Plastic Bottles, Tetra Packs
and Others), By Distribution Channel (Convenience Stores, Independent
Small Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition,
Forecast & Opportunities, 2026”, Australia
Yogurt Market for non-flavored and flavored yogurt is projected to surpass over USD1670 million by 2026. The growth of yogurt market in Australia is driven by factors such as increasing awareness towards the health
benefits of yogurt and changing lifestyle of young consumers as they are opting
for healthy lifestyle. Furthermore, increasing offerings by the companies in
yogurt segment is another major reason for the consumers’ growing preference
for yogurt. Various flavors such as strawberry, mango, honey, vanilla,
blackcurrant are always high in demand.
On the basis of type, Australia
Yogurt Market is segmented into flavored and non-flavored. In the base year,
2020, flavored type yogurt held the largest market share in the Australia
Yogurt Market with approximately 76% market share. This can be attributed to
the different varieties of fruit-based and non-fruit based flavored yogurt
available under the segment. Flavored segment yogurt is expected to continue
its dominance in the market in the forecast period as well.
Furthermore, based on the fat
content, yogurt market in Australia is segmented into three segments including regular,
low fat, fat-free yogurt. In the base year, 2020 regular type yogurt held the
largest market share of around 60.74% in the Australia Yogurt Market due to its
low cost in comparison to low fat and fat free yogurt. Furthermore, regular
type yogurt is easily available and is projected to maintain its higher
visibility on the supermarket shelves in Australia. However, low fat and fat-free
yogurt are expected to grow with higher CAGR in the forecast period in
comparison to the regular type of yogurt, due to their growing consumption by young
population in the country.
Based on the distribution channel
the Australia Yogurt Market is segmented into convenience stores, independent small
grocers, supermarket/hypermarket, online channel. The supermarket/hypermarket segment
led the Australia Yogurt Market in the base year 2020, mainly due to the easy
accessibility and well-manged supply chain with the other partners, heavy
discounts, and home delivery option for consumers. The segment will continue to
maintain its dominance in the forecast period in the Australia Yogurt Market,
due to increasing supermarket chains and franchises.
Browse 24 Figures spread through 70 Pages
and an in-depth TOC on "Australia
Yogurt Market”.
https://www.techsciresearch.com/report/australia-yogurt-market/7326.html
On the basis of regional
segmentation, Australia Yogurt Market is segmented in Australia Capital
Territory & New South Wales, Northern Territory & Southern Australia, Western
Australia, Queensland and Victoria & Tasmania. In the base year 2020,
Australia Capital Territory & New South Wales held the largest market share
due to the large population, higher GDP and enhanced distribution channels of
dairy industry in Australia.
Australia
Yogurt Market is an established market and provides various opportunities to
the companies locally and globally. Right now, companies such as Woolworths Group Limited, Chobani Australia
Pty Ltd, Danone Murray Goulburn Pty Ltd, Bega Dairy and Drinks Pty Ltd,
Gippsland Dairy Pty Ltd are holding significant market share in Australia
Yogurt Market and are focusing on enhancing their product
portfolio and supply chain
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“Australia Yogurt Market based on the
form is segmented into conventional yogurt, set
yogurt, greek yogurt, frozen yogurt, yogurt drinks and others. From
all the given segments conventional
yogurt still holds the largest market share in the Australia Yogurt Market due
to its low price, easy availability, and conventional taste. Following
conventional yogurt, yogurt
drinks is another segment, which held the largest market share in the base year 2020, due to enhanced product offering by the
producers in the yogurt drink segments. Moreover, availability of different
flavors in the yogurt drink segment is further expected to drive the growth of
yogurt market in Australia in the forecast period.”,
said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Australia Yogurt Market , By Type (Non-Flavored, Flavored),
By Fat Content, (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set
Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging
(Pouches, Plastic Bottles, Tetra Packs
and
Others), By Distribution Channel (Convenience Stores, Independent Small
Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition,
Forecast & Opportunities, 2026” has evaluated the future growth
potential of Australia Yogurt Market and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers to take sound investment decision. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in Australia Yogurt Market.
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