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