Yogurt market

Yogurt Market by Types (Drinkable Yogurt and Spoonable Yogurt), Categories (Dairy-based Yogurt and Non-dairy Based Yogurt), Flavors (Plain Yogurt and Flavored Yogurt), Distribution Channels (Food Service Channels, Hypermarkets/Supermarkets, Convenience Stores, Online Retail Stores, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: FB-981
  • Author: Growth Market Reports
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  • No. Of Pages: 158
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The global yogurt market is anticipated to expand at a CAGR of 4.6% during the forecast period, 2021 – 2028. The growth of the market is attributed to the availability of numerous flavors and growing consumer indulgence for exotic flavors.

Yogurt Market-Key Takeaways

Yogurt is defined as food produced by bacterial fermentation of milk. The bacteria used to make yogurt are called yogurt cultures. The fermentation of sugar in the milk by these bacteria produces lactic acid, which acts as a milk protein to give yogurt a characteristic texture and tart flavor. Cow milk is most commonly used to make yogurt. Milk from water buffalo, goats, mares, camels, yaks, and plant milk can also be used to produce yogurt. Each type of milk produces substantially different results, which depends on homogeneity and pasteurization of milk.

To produce yogurt, milk is usually first heated, usually to about 85 °C (185 °F), to denature the milk proteins, so that they do not form curd. After heating, the milk is allowed to cool to about 45 °C (113 °F). The bacterial culture is mixed in, and the temperature of 45 °C is maintained for four to 12 hours to allow fermentation. Yogurt is consumed in various forms such as beverage, dessert, snacks, protein-rich sports drink, and meal replacement, among others. It provides benefits such as healthy digestion, lower risk of type 2 diabetes, protection against colorectal cancer, and improved immune system.

Market Trends, Drivers, Restraints, and Opportunities:

  • Growing awareness about health benefits of yogurt is expected to positively impact the market growth.
  • Increasing distribution of yogurt in the retail market is anticipated to stimulate the growth of the market.
  • Rising usage of artificial additives and ingredients in the yogurt can hinder the market growth.
  • Ongoing R&D activities and increasing modernization in the yogurt products offered can create lucrative opportunities for the industry players during the forecast period.

Scope of the Report

The report on the global yogurt market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Yogurt market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Drinkable Yogurt and Spoonable Yogurt), Categories (Dairy-based Yogurt and Non-dairy Based Yogurt), Flavors (Plain Yogurt and Flavored Yogurt), Distribution Channels (Food Service Channels, Hypermarkets/Supermarkets, Convenience Stores, Online Retail Stores, and Others)

Regional Scope

North America, Latin America, Europe, Asia Pacific, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

 Danone SA, Chobani LLC, General Mills Inc., Nestlé SA, and China Mengniu Dairy Company


Global Yogurt Market Segment Insights

Drinkable yogurt segment to account a large market share
Based on types, the market is segmented into drinkable yogurt and spoonable yogurt. The drinkable yogurt segment is anticipated to account for a large market share during the forecast period. Yogurt drinks come in recloseable carton packs or are provided with a convenient drinking straw. Drinkable yogurts, yogurt smoothies, lassi, and kefir all stand out as a better beverage options for consumers that are interested in protein rich products owing to their functional probiotics.

Yogurt Market-By Types

Non-dairy based yogurt segment to hold a major market share
In terms of categories, the global yogurt market is divided into dairy-based yogurt and non-dairy based yogurt. The non-dairy based yogurt segment is expected to hold a major market share owing to growing trend of veganism globally. On the other hand, the dairy-based yogurt is expected to grow at a steady rate in the projected timeline.

Flavored yogurt segment to account a significant market share
On the basis of flavors, the market is classified as plain yogurt and flavored yogurt. The flavored yogurt segment to hold a significant market share due to the pleasant taste and easy availability of this type than non-flavored yogurt. Flavored yogurt comes in different flavors and textures, which attract customers during the time of purchase.

Hypermarkets/supermarkets segment to dominate the market
Based on distribution channels, the global yogurt market is categorized as food service channels, hypermarkets/supermarkets, convenience stores, online retail stores, and others. The hypermarkets/supermarkets segment is anticipated to dominate during the forecast period owing to easy availability of preferred yogurt brands due to presence of organized shelves.

The market in Asia Pacific to exhibit a robust CAGR
In terms of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific to exhibit a robust CAGR during the forecast period. Rising consumption of yogurt owing to its probiotic range of products, ability to improve metabolism, enhance digestion, and support the immune system is driving the market growth in the region. Yogurt is also consumed as dessert and offered in varieties, such as fruit yogurt, organic yogurt, and drinkable yogurt, which are well received by the consumers in the region.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Yogurt Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Yogurt Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Yogurt Market - Supply Chain
  4.5. Global Yogurt Market Forecast
     4.5.1. Yogurt Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Yogurt Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Yogurt Market Absolute $ Opportunity
5. Global Yogurt Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Yogurt Market Size and Volume Forecast by Types
     5.3.1. Drinkable Yogurt
     5.3.2. Spoonable Yogurt
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Yogurt Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Yogurt Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Yogurt Demand Share Forecast, 2019-2026
7. North America Yogurt Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Yogurt Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Yogurt Market Size and Volume Forecast by Types
     7.4.1. Drinkable Yogurt
     7.4.2. Spoonable Yogurt
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Yogurt Demand Share Forecast, 2019-2026
8. Latin America Yogurt Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Yogurt Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Yogurt Market Size and Volume Forecast by Types
     8.4.1. Drinkable Yogurt
     8.4.2. Spoonable Yogurt
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Yogurt Demand Share Forecast, 2019-2026
9. Europe Yogurt Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Yogurt Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Yogurt Market Size and Volume Forecast by Types
     9.4.1. Drinkable Yogurt
     9.4.2. Spoonable Yogurt
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Yogurt Demand Share Forecast, 2019-2026
10. Asia Pacific Yogurt Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Yogurt Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Yogurt Market Size and Volume Forecast by Types
     10.4.1. Drinkable Yogurt
     10.4.2. Spoonable Yogurt
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Yogurt Demand Share Forecast, 2019-2026
11. Middle East & Africa Yogurt Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Yogurt Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Yogurt Market Size and Volume Forecast by Types
     11.4.1. Drinkable Yogurt
     11.4.2. Spoonable Yogurt
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Yogurt Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Yogurt Market: Market Share Analysis
  12.2. Yogurt Distributors and Customers
  12.3. Yogurt Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Danone SA
     12.4.2. Chobani LLC
     12.4.3. General Mills Inc.
     12.4.4. Nestlé SA
     12.4.5. China Mengniu Dairy Company.
Segments Covered in the Report
The Global Yogurt market has been segmented on the basis of

Types
  • Drinkable Yogurt
  • Spoonable Yogurt
Categories
  • Dairy-based Yogurt
  • Non-dairy Based Yogurt
Flavors
  • Plain Yogurt
  • Flavored Yogurt
Distribution Channels
  • Food Service Channels
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail Stores
  • Others
Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • Danone SA
  • Chobani LLC
  • General Mills Inc.
  • Nestlé SA
  • China Mengniu Dairy Company.

Key players operating in the Global yogurt market includes Danone SA, Chobani LLC, General Mills Inc., Nestlé SA, and China Mengniu Dairy Company.

 Yogurt Market-By Key Players

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