Market Size of Europe Yogurt Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2018 - 2022 |
| CAGR | 3.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Yogurt Market Analysis
The Europe Yogurt Market is projected to register a CAGR of 3.2% over the next five years.
The market witnessed significant growth due to a rise in health consciousness among Europeans. This encouraged them to opt for yogurt, as it has various health benefits, like improved digestion, enhanced immune function, and a reduced risk of many diseases, including obesity. The addition of yogurt to meal plans is one of those factors contributing to the market growth. The demand for yogurt is fuelled by the availability of numerous flavors growing consumer indulgence in exotic flavors, and significant investments by manufacturers. This prompts manufacturers to develop products with innovative flavors to cater to the growing demand.
Additionally, with the growing trend of veganism across Europe, the demand for non-dairy-based yogurt products is anticipated to grow faster. Owing to the ample retail space and convenient conventional services, supermarkets/ hypermarkets remain one of the most preferred points of sale for yogurt. With the widespread concerns around the region regarding consuming probiotic or prebiotic yogurt, several wellness brands, such as Activia and Actimel, offered drinking yogurt and spoonable yogurt in exotic fruit flavors. As per the data of the Department of Health and Social Care, the United Kingdom government has set regulations that restrict the placement of products in grocery or any retail shelves or any e-commerce store along with that promoting products or drinks which are high in salt, sugar and fat, salt or those are less healthy in an open forum. This government statement has bound various yogurt manufacturers to produce dairy or non-dairy less sugar and cleanly labeled yogurt products in the United Kingdom market.
