Europe Yogurt Market Outlook 2031:
The Europe yogurt market size was valued at USD 33.16 Billion in 2022 and is projected to reach USD 53.83 Billion by 2031, expanding at a CAGR of 5.53% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing number of companies attempting to experiment with various flavor combinations in order to meet the growing demand for innovation in yogurt products.
Yogurt is frequently sweetened or flavored and is made by hybridizing and fermenting sterile milk. It can be found in beverages, snacks, convenience foods, desserts, high-protein diet drinks, and a variety of other products. The variety, awareness, and affordability of new and creative yoghurt flavors in the market are the result of the ever-increasing product demand in the market.
The availability of varied tastes is boosting demand for yoghurt products. Traditional yoghurt manufacturers use artificial sweeteners such as aspartame, which has been linked to brain tumors and neurological disorders. The low price and extensive availability has increased the demand for regular yoghurt. They are widely accessible on shop shelves in various distribution channels.
Yogurt Market Trends, Drivers, Restraints and Opportunities
- The presence of variety of flavors in yogurt products is estimated to influence the market growth.
- Increasing public awareness of the health benefits is positively influencing the growth of the market.
- Yogurt additives and artificial ingredients, as well as the use of harmful hormones in dairy cows can restrain the growth of the yoghurt market.
- Growing demand for yoghurt in developing countries, driven by increasing disposable income and health awareness, is expected to provide numerous opportunities for the development of the Europe yoghurt market.
Scope of the Yogurt Market Report
The report on the Europe yogurt market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Yogurt Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Categories (Dairy-based and Non Dairy-based), Types (Plain Yogurt and Flavored Yogurt), Distribution Channels (Hypermarkets/Supermarkets, Convenience Stores, Online Retail and Other Distribution Channels)
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Geographical Scope
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The UK, Germany, Italy, France, the Netherlands, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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General Mills Inc.; Danone SA; Chobani LLC; Nestlé S.A.; and Yakult
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Europe Yogurt Market Segment Insights
Non dairy-based segment is projected to expand at a considerable CAGR
On the basis of categories, the market is segregated into dairy-based, and non-dairy-based yogurt. the non-dairy-based segment is projected to expand at a considerable CAGR during the forecast period. High demand for lactose-free yoghurt among lactose-intolerant consumers is driving the market segment growth.
Flavored yogurt segment predicted to account for a significant market share
Based on types, the Europe yogurt market is divided into plain yogurt and flavored yogurt. The flavored yogurt segment is estimated to account for a significant market share during the forecast period. Increasing availability of flavored yoghurt, particularly in emerging markets, is projected to play a significant role in supporting the development of the frozen dessert industry.
Online retail segment is expected to exhibit a high CAGR
In terms of distribution channels, the Europe yogurt market is divided into hypermarkets/supermarkets, convenience stores, online retail, and others. The online retail segment is expected to grow at a rapid pace during the forecast period. Rapid growth of the e-commerce industry and presence of well-managed inventory systems are driving the growth of the market segment.
Germany is anticipated to constitute a key market share
Based on regions, the market is categorized as the UK, Germany, Italy, France, the Netherlands, and Rest of Europe. Germany is expected to constitute a key share of the market during the projected period. Emerging sectors, such as plant-based yoghurt and yoghurt drinks, are expanding in the country's market.
Segments
The Europe yogurt market has been segmented on the basis of
Categories
- Dairy-based
- Non-Dairy-based
Types
- Plain Yogurt
- Flavored Yogurt
Distribution Channels
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail
- Others
Geography
- The UK
- Germany
- Italy
- France
- Netherlands
- Rest of Europe
Key players
Competitive Landscape
Key players competing in the Europe yogurt market are General Mills Inc.; Danone SA; Chobani LLC; Nestlé S.A.; and Yakult.
The market is very competitive in nature owing to the presence of major players. Companies are engaging in launching new product line and increasing their production capacity to expand their market share.
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