Yogurt Market

Yogurt Market

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Anuradha

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Anuradha B. More

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Aman Singh

Yogurt Market Outlook 2031

The global yogurt market size was valued at USD 42,312.09 Million in 2022 and is likely to reach USD 75,062.68 Million by 2031, expanding at a CAGR of 5.9% during the forecast period, 2023–2031. The growth of the market is attributed to the availability of numerous flavors and growing consumer indulgence in 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.

Yogurt Market Outlook

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 depend on the 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 beverages, desserts, snacks, protein-rich sports drink, and meal replacements, among others. It provides benefits such as healthy digestion, lower risk of type 2 diabetes, protection against colorectal cancer, and improved immune system.

Yogurt Market Dynamics

Major Driver

Growing awareness about the health benefits of yogurt is expected to positively impact the market growth. Yogurt contains some essential nutrients for body needs including 28% daily phosphorus, 12% potassium, and 10% magnesium if taken a cup daily.

It helps to regulate bone health, blood pressure, and metabolism. Some research shows that probiotics help in reducing the severity of colds. Thus consumption of yogurt for maintaining health is expected to drive the market in the coming years.

Existing Restraints

Rising usage of artificial additives and ingredients in yogurt is expected to hinder the market growth. According to research the sugar in yogurt is expected to be worse than ice cream which in turn affects health thus restraining the market.

Flavored yogurt contains a high amount of sugar which results in various heart diseases thus hindering the market.

Emerging Opportunities

Ongoing R&D activities and increasing modernization in the yogurt products offered are expected to create lucrative opportunities for the industry players during the forecast period.

Key market players are largely investing in research and development (R&D) activities to launch plant-based yogurt. Several market players offer organic, fruit, and drinkable yogurt which in turn creates opportunities for the market players.

Scope of Yogurt Market Report

The market 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

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Drinkable Yogurt, Spoonable Yogurt, Greek Yogurt, and Frozen Yogurt), Category (Dairy-based Yogurt and Non-dairy Based Yogurt), Fat Content (Fat Free, Regular, and Low Fat) Flavor (Plain Yogurt and Flavored Yogurt), Packaging (Tetra Packs, Plastic Bottles, Glass Containers, Ceramic Jars, and Others), and Distribution Channel (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; Chobani, LLC; General Mills Inc.; NestléChina Mengniu Dairy Company Limited.; Arla Foods amba; Gujarat Cooperative Milk Marketing Federation (Amul); Lactalis International; Schreiber Foods Inc.; Yakult Honsha Co., Ltd.; BioGaia AB; Probi; SANZYME BIOLOGICS PVT. LTD.; YILI.COM INC.; Juhayna; FrieslandCampina; and Pascual Quality, SAU

Yogurt Market Segment Insights

Based on type, 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 better beverage options for consumers that are interested in protein-rich products owing to their functional probiotics.

In terms of category, 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 the growing trend of veganism globally. On the other hand, dairy-based yogurt is expected to grow at a steady rate in the projected timeline.

Based on fat content, the global market is trifurcated into f
at free, regular, and low fat. The fat free segment is expected to expand at a rapid pace during the forecast period. Fat free yogurt contains probiotics and is also easy to make.

It is made with skim milk. Kefir is a liquid yogurt for drinking. Fat free yogurt helps to save calories and is a better source of calcium. 

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

In terms of packaging, the global yogurt market is segmented into t
etra packs, plastic bottles, glass containers, ceramic jars, and others. The tetra pack segment is projected to hold a key share of the market. Tetra Pak is made from aseptic packaging solutions. In this process, the product and its package are sterilized independently and combined, and sealed in a sterile atmosphere.

Tetra Pak cartons are widely used in the food and beverage industry as it consists of low-density polyethylene (LDPE), paper, and aluminum. Tetra packs are healthier for yogurt as it is a six-layered carton that helps to prevent bacteria.

The glass container segment is further growing at a considerable CAGR during the forecast period. Glass containers are preferred to use for setting curd owing to the presence of bacteria in several other containers or metal bowls.


The rigidity of the glass helps in maintaining the integrity of the yogurt and enables the yogurt to stabilize without using added gelatin or cornstarch.

Yogurt Market Flavors

Based on distribution channel, 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 the easy availability of preferred yogurt brands due to the presence of organized shelves.

Regional Analysis

In terms of region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is 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 a dessert and is offered in varieties, such as fruit yogurt, organic yogurt, and drinkable yogurt, which are well-received by consumers in the region.

Segments

The Global Yogurt market has been segmented on the basis of

Type

  • Drinkable Yogurt
  • Spoonable Yogurt
  • Greek Yogurt
  • Frozen Yogurt

Category

  • Dairy-based Yogurt
  • Non-dairy Based Yogurt

Fat Content

  • Fat Free
  • Regular
  • Low Fat

Flavor

  • Plain Yogurt
  • Flavored Yogurt

Packaging

  • Tetra Packs
  • Plastic Bottles
  • Glass Containers
  • Ceramic Jars
  • Others

Distribution Channel

  • Food Service Channels
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail Stores
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Players

  • Danone
  • Chobani, LLC
  • General Mills Inc.
  • Nestlé
  • China Mengniu Dairy Company Limited.
  • Arla Foods amba
  • Gujarat Cooperative Milk Marketing Federation (Amul)
  • Lactalis International
  • Schreiber Foods Inc.
  • Yakult Honsha Co., Ltd.
  • BioGaia AB
  • Probi
  • SANZYME BIOLOGICS PVT. LTD.
  • YILI.COM INC.
  • Juhayna
  • FrieslandCampina
  • Pascual Quality, SAU

Competitive Landscape

Key players operating in the Global yogurt market include Danone; Chobani, LLC; General Mills Inc.; NestléChina Mengniu Dairy Company Limited.; Arla Foods amba; Gujarat Cooperative Milk Marketing Federation (Amul); Lactalis International; Schreiber Foods Inc.; Yakult Honsha Co., Ltd.; BioGaia AB; Probi; SANZYME BIOLOGICS PVT. LTD.; YILI.COM INC.; Juhayna; FrieslandCampina; and Pascual Quality, SAU

These companies adopt strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to increase their consumer base. For instance,

  • On Apr 27, 2023, BioGaia introduced a probiotic food supplement Prenatal Care for women during and before pregnancy. It is a probiotic food supplement containing iron, folic acid, and BioGaia's patented bacteria strain L. reuteri DSM 17938 with vitamin D3, for women planning to conceive and expecting mothers.
  • On November 30, 2022, Spanish dairy manufacturer company Pascual launched a new product in their yogurt line, Big Day, to expand healthy snacks worldwide. Big Day is a fruit and cereal yogurt, which focuses on improving daily health and is used as a  form of breakfast and snacks.
  • On June 14, 2021, Chobani introduced its Zero Sugar* yogurt with natural ingredients. Chobani® Zero Sugar* is for the health-conscious consumer finding natural alternatives to sugar. It is lactose-free, an excellent source of protein, and contains 6 live and active cultures including probiotics.
     

 Yogurt Market Share

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 Chobani, LLC General Mills Inc. Nestlé China Mengniu Dairy Company Limited. Arla Foods amba Gujarat Cooperative Milk Marketing Federation (Amul) Lactalis International Schreiber Foods Inc. Yakult Honsha Co., Ltd. BioGaia AB Probi SANZYME BIOLOGICS PVT. LTD. YILI.COM INC.
     12.4.2. Juhayna
     12.4.3. FrieslandCampina
     12.4.4. Pascual Quality, SAU

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FAQ Section

Some frequently asked quetions about this report!

The Yogurt Market is expected to reach USD 75 Mn in 2031 as ongoing R&D activities and modernization in the yogurt products are creating future market opportunities.

The Yogurt industry is growing at a CAGR of 5.9% with increasing consumer awareness about the importance of consuming healthy food.

The target audiences for Yogurt include Danone; Chobani, LLC; General Mills Inc.; Nestlé; China Mengniu Dairy Company Limited.; Arla Foods amba; Gujarat Cooperative Milk Marketing Federation (Amul); Lactalis International; Schreiber Foods Inc.; Yakult Honsha Co., Ltd.; BioGaia AB; Probi; SANZYME BIOLOGICS PVT. LTD.; YILI.COM INC.; Juhayna; FrieslandCampina; and Pascual Quality, SAU

With the ongoing trend of consuming Yogurt shakes to maintain a healthy bacterial balance, the global market is expected to reach USD 42.3 Mn 2023

The global yogurt market size was valued at around USD 42.3 Mn in 2022 and is expected to surpass USD USD 285.58 in 2031.