The global yogurt market has experienced significant growth in recent years, driven by factors such as the increasing demand for healthier food options, the rising popularity of yogurt-based desserts, and the growing consumer awareness about the benefits of yogurt.
According to the TechSci Research report, “Global Yogurt Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, The global yogurt market has witnessed significant growth in recent years and is projected to continue expanding in the coming years. Several factors have contributed to the growth and increasing popularity of yogurt worldwide. One of the primary drivers of the global yogurt market is the growing consumer preference for healthier food options. As people become more health-conscious, they are seeking nutritious and convenient snacks or breakfast options. Yogurt, with its high protein content, low-calorie nature, and potential health benefits, has emerged as a preferred choice for many consumers.
Another key driver is the rising demand for non-dairy alternatives. Factors such as lactose intolerance, dairy allergies, and vegan preferences have led to an increased demand for plant-based yogurts made from soy, almond, coconut, and other ingredients. Manufacturers are introducing a wide range of non-dairy yogurt options to cater to this growing consumer segment. The emphasis on health and wellness is another significant driver of the yogurt market. Yogurt is perceived as a healthy food choice due to its probiotic properties, which can support digestive health and boost the immune system. The awareness of these health benefits has led to increased consumption of yogurt among health-conscious individuals.
Innovation in product offerings has also played a crucial role in driving the global yogurt market. Manufacturers constantly introduce new flavors, formulations, packaging, and convenient product formats to attract consumers. The availability of a variety of flavors, textures, and functional ingredients has expanded the consumer base and contributed to the market’s growth.
Globalization and urbanization are also important drivers of the yogurt market. As urbanization continues to rise worldwide, consumers have increased spending power and access to a wider variety of food options. This has led to the introduction and availability of different yogurt brands, flavors, and varieties in various regions, driving market growth. The demand for on-the-go snacking options has further fueled the growth of the yogurt market. Yogurt’s convenience factor as a portable and ready-to-eat snack option has made it a popular choice among busy individuals, especially in urban areas.
In conclusion, the global yogurt market is driven by factors such as growing consumer preference for healthier food options, the rising demand for non-dairy alternatives, the emphasis on health and wellness, innovative product offerings, globalization and urbanization, and the demand for on-the-go snacking. As consumers continue to seek nutritious and convenient food choices, the yogurt market is expected to witness further growth and expansion in the coming years.
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The global yogurt market is segmented based on type, form, packaging, sales channel, and region.
Based on type, the market is segmented into flavored and non-flavored. Among these, the chair segment holds a significant share of the global work from home market during the forecast period. The flavored yogurt segment is experiencing rapid growth in the global yogurt market, driven by factors such as increasing demand for convenient and healthy snacking options, innovative flavor combinations, growing awareness of health benefits, digital marketing influence, competition among manufacturers, and the impact of the COVID-19 pandemic. As consumer preferences continue to evolve, flavored yogurt is poised to remain a significant driver of growth in the global yogurt market.
Based on sales channel, the market is segmented into supermarkets/hypermarkets, convenience stores, departmental stores, online, and others. Online retailers often offer competitive pricing due to lower overhead costs. They can bypass intermediaries and directly source products from manufacturers, resulting in cost savings that are passed on to the consumers. Price-conscious buyers find these discounted prices attractive and often choose to purchase yogurt online. As internet penetration continues to grow globally, more consumers are gaining access to online shopping platforms. This trend is particularly evident in emerging markets, where a significant portion of the population is becoming digitally connected for the first time. The expanding customer base presents a substantial growth opportunity for the online yogurt market.
Key market players operating in the global yogurt market include:
- Danone S.A.
- Gujarat Cooperative Milk Marketing Federation
- General Mills Inc.
- Parmalat S.p.A
- Dairy Farmers of America, Inc.
- Juhayna Food Industries
- Chobani LLC.
- Nestlé S.A.
- Britannia Industries Ltd.
- Arla Foods Group
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“Factors contributing to this growth include increasing consumer awareness regarding the health benefits of yogurt, the introduction of innovative flavors and varieties, and the rising demand for plant-based alternatives. The market is highly competitive, with various international players focusing on product development and expansion strategies. Overall, the future looks promising for the global yogurt industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Yogurt Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Flavored, Non-Flavored), By Form (Conventional Yogurt, Greek Yogurt, Set Yogurt, Frozen Yogurt, Yogurt Drinks, Others), By Packaging (Plastic Bottles, Tetra Packs, Others), By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores, Online, and Others), By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of global yogurt market 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 global yogurt globally.
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