Europe Drinkable Yogurt Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Drinkable Yogurt Market Analysis
The Europe drinkable yogurt market is forecasted to grow at a CAGR of 3.5% during the forecast period (2020-2025).
- The market is mainly driven by the rising demand for probiotic foods and healthier snacking food products among health-conscious consumers including both adults and children. Also, recent launches of formulated functional products with new flavors have further fueled the global market, such as drinkable yogurt fortified with omega 3, collagen, aloe vera, plant sterols, and soy isoflavones.
- Furthermore, the region's growing population has strongly contributed to the growth of dairy-free yogurts and the number of flavor combinations available in the yogurt market, such as coconut, cranberry, pineapple, strawberry, and others, are also accelerating the market for flavored dairy-free yogurts at a faster pace.
- The distribution channels, primarily online channels, which holds the major share, followed by supermarkets/hypermarkets are offering a wide range of new varieties of yogurts from Icelandic to coconut-based yogurts, which, in turn, is capturing the taste pallets and nutritional requirements of the consumers, under different age groups.
Europe Drinkable Yogurt Market Trends
This section covers the major market trends shaping the Europe Drinkable Yogurt Market according to our research experts:
Rising Demand of Non-Dairy Based Yogurt
As an increasing number of Europeans are ascribing to vegan diets and are constantly seeking for dairy alternatives with innovative flavors, the number of flavored dairy-free yogurts, as well as drinkable yogurts, such as almond, coconut, soy, cashews, pea yogurt, and others have taken a significant share in supermarket shelves. The active companies in the country are particularly focusing on expanding their plant-based yogurt portfolio to broaden their consumer base in the country. The yogurt market in the country is flooded with new flavor innovation, with varieties ranging from low in sugar to high in decadence, catering to the specific nutritional and flavor requirements of consumers under different age groups.
Online Stores Sales to drive The regional Market
The countries of Europe such as the United Kingdom, Germany, Italy, and France remains the world's largest markets where consumers buy groceries online. The sales are escalating due to lesser prices through online channels. Thus, Vmartgo, an online store, offers many outsourced and foreign products, including yogurt drinks from Asian countries, at cheaper prices than the local variants. Most online suppliers in the region provide same-day doorstep and self-pickup delivery options for yogurt products. Consumers consider online grocery stores as a good option to avoid the hassle of traditional grocery shopping and standing in a queue before check-out. Some major platforms in the country include Walmart, Amazon Pantry, and Costco.
Europe Drinkable Yogurt Industry Overview
The Europe drinkable yogurt market is competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Benecol, Cie Gervais Danone, Esteson Corporation, and Tesco.com among others.
Europe Drinkable Yogurt Market Leaders
Benecol
Cie Gervais Danone
Esteson Corporation
Tesco.com
Materne SAS
*Disclaimer: Major Players sorted in no particular order
Europe Drinkable Yogurt Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Category
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5.1.1 Dairy-based yogurt
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5.1.2 Non-dairy based yogurt
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5.2 By Type
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5.2.1 Plain yogurt
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5.2.2 Flavored yogurt
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5.3 By Distribution Channel
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5.3.1 Supermarkets/Hypermarkets
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5.3.2 Convenience Stores
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5.3.3 Specialty Stores
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5.3.4 Online Retailers
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5.3.5 Others
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5.4 By Country
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5.4.1 United Kingdom
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5.4.2 Germany
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5.4.3 France
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5.4.4 Spain
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5.4.5 Russia
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5.4.6 Italy
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5.4.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Benecol
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6.4.2 Cie Gervais Danone
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6.4.3 Esteson Corporation
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6.4.4 Tesco.com
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6.4.5 Materne SAS
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6.4.6 Muller UK & Ireland
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Drinkable Yogurt Industry Segmentation
The drinkable yogurt market in Europe has been segmented by category into dairy-based and non-dairy based; by type into plain and flavored yogurt; and by distribution into hypermarket/supermarket, convenience stores, specialty stores, online channel and others. Also, the study provides an analysis of the drinkable yogurt market in the emerging and established markets across Europe, including the United Kingdom, Germany, France, Spain, Russia, Italy, and the Rest of Europe.
| By Category | |
| Dairy-based yogurt | |
| Non-dairy based yogurt |
| By Type | |
| Plain yogurt | |
| Flavored yogurt |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialty Stores | |
| Online Retailers | |
| Others |
| By Country | |
| United Kingdom | |
| Germany | |
| France | |
| Spain | |
| Russia | |
| Italy | |
| Rest of Europe |
Europe Drinkable Yogurt Market Research FAQs
What is the current Europe Drinkable Yogurt Market size?
The Europe Drinkable Yogurt Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Europe Drinkable Yogurt Market?
Benecol, Cie Gervais Danone, Esteson Corporation, Tesco.com and Materne SAS are the major companies operating in the Europe Drinkable Yogurt Market.
What years does this Europe Drinkable Yogurt Market cover?
The report covers the Europe Drinkable Yogurt Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Drinkable Yogurt Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Drinkable Yogurt Industry Report
Statistics for the 2024 Europe Drinkable Yogurt market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Drinkable Yogurt analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
