Drinkable Yogurt Market is Fueled by Flavored Drinkable Yogurt During the Forecast Period
The
global drinkable yogurt market is driven by a growing popularity of dairy-free
products, increasing availability of probiotics & healthier foods, and
rising introduction of flavored yogurt drinks.
According to the TechSci Research report, “Drinkable Yogurt Market -
Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, The global drinkable yogurt market is
expected to grow during the forecast period, owing to factors such as rising
demand of lactose-free yogurt drink and increasing introduction of variety of dairy-free
yogurt in the market to cater the demand for vegan customers.
Yogurt drink is a liquid version of
traditional yogurt. Yogurt drinks are a healthy source of obtaining
minerals, such as calcium and protein. The young and adult people are living
fast-paced lifestyles which involves high consumption of these healthy drinks
for breakfast and snacks. Therefore, it
is often considered within a dietary plan.
Moreover, the introduction of drinkable
yogurt combined with natural flavors like fruits and coconut is promoting the
consumption of yogurt drinks among people who are health conscious. The
majority of drinkable yogurt types include the same active cultures and provide
the same health advantages as other forms of yogurt.
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Yogurt drink is used as a snack to replace sugary or calorie-dense
foods and desserts or as a nutritious drink. Yogurt drinks are a delicious
and healthful alternative for consumers who are looking for more
nutritional snacks and drinks to enhance their consumption of vital nutrients.
Because yogurt drinks can boost immunity, many people consume them as
nutritional supplements to enhance their health and fight against numerous
ailments.
Due to increasing popularity of
drinkable yogurt among consumers as an option for fat burner, also fuels the
global drinkable yogurt market during the forecast period. The demand for
drinkable yogurt has been fueled by people's increased awareness of their
health and diet because drinkable yogurt is classified as a calcium and
phosphorus-enriched product that strengthens bones, is a source of vitamins and
proteins, and a toxicity-removal agent in the form of molybdenum.
The majority of yogurt drinkers prefer
flavored yogurts over plain yogurts because most of flavored yogurt drinks
are sweet, which makes them easy to consume and helps to eliminate the sourness
of the yogurt drinks, contributing towards increasing the market for drinkable
yogurt during the forecast period.
The global drinkable yogurt
market is segmented based on product type, flavor, packaging, distribution channel,
region, and competitive landscape.
Based on product type, the market is segmented into dairy-based and non-dairy
based yogurt drink. Among these, the non-dairy based yogurt drink segment is the
fastest growing segment in the market during the forecast period due to factors
such as shifting consumer preferences for vegan diets and rising popularity of
veganism among the adult population.
Based on flavor, the market is segmented
into flavored and non-flavored drinkable yogurt. Among these, the flavored
segment has a significant share in the market during the forecast period. The flavor
categories that are most consumable by the consumers are strawberry, vanilla,
and coconut. The development of organic flavors that improve the beverage's
nutritional value is another factor contributing to the rise of the flavored drinkable
yogurt market.
Based on distribution channels, the
market is segmented into supermarkets/hypermarkets, convenience stores, departmental
stores, online, and non-retail. Among these, the online segment is the
fastest-growing segment in the market during the forecast period due to increasing
penetration and popularity of online shopping among the countries such as
China, India, etc.
Key market players operating in the global
drinkable yogurt market include:
- Danone S.A.
- Nestlé S.A.
- General Mills Inc.
- Chobani Global Holdings, LLC
- Meiji Holdings Co., Ltd.
- Lactalis Group
- Benecol Limited
- Arla Foods amba
- Archway Food Group (Pillars Drinkable Yogurt)
- Morinaga Nutritional Foods, Inc.
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“The rising demand of non-dairy based products
is driving the global drinkable yogurt market during the forecast period.
Additionally, increasing consumer awareness regarding health consciousness and
rising popularity of drinkable yogurt as a fat burner, are driving the growth
of global drinkable yogurt market. The global drinkable yogurt market is
expected to grow during the forecast period due to the increasing variety of
flavors used to promote intestinal health.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Drinkable Yogurt Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented
By Product Type (Dairy Based and Non-Dairy Based), By Flavor (Flavored and
Non-Flavored), By Packaging (Bottles, Tetra Packs and Others (Cans, Pouches),
By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores,
Departmental Stores, Online, and Non-Retail), By Region, By Company, has evaluated
the future growth potential of drinkable yogurt globally and provides statistics and information on market structure, size, share,
and future growth. The report provides cutting-edge market intelligence and helps
decision-makers to make sound investment decisions. Besides, the report also
identifies the emerging trends along with essential drivers, challenges, and
opportunities present in the market of drinkable yogurt, globally.
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