Flavored Yogurt Market Size

Flavoured Yogurt Market Analysis

The global Flavoured Yogurt market is projected to register a CAGR of 6.73% during the forecast period, 2022-2027.

During the COVID-19 outbreak, transportation was disrupted and flavored yogurt was short-supplied. As people became more health-conscious following the COVID-19 pandemic, their consumption of flavored yogurt increased. It is therefore anticipated that the market will grow at a healthy rate in the next few years. Furthermore, North American and European consumers have higher purchasing power, contributing to the growth of market's value. Over the last few years, yogurt has become one of the most popular dairy fermented foods in the region. Additionally, the food and beverage industry is experiencing a dramatic increase in the demand for innovative and exotic flavors around the world, as well as in the yogurt industry as a whole.

Moreover, there is a growing demand for healthy food and beverages among consumers. Consequently, plant-based yogurts have become a very popular food item in the last few years and has become a very popular diet in people's diets as a result of the shift in healthy eating habits as well as the increased popularity of yogurt as a healthy dessert item. Hence the market players are launching new innovative products to gain the market share. For instance: In January 2021, The Collective announced the launch of their plant-based range of dairy-free, live Greek-style yogurt alternatives that are available in four different flavors in the United Kingdom. Moreover, Fruit yogurts and flavored yogurts are increasingly replacing plain yogurt as it contains the same functional properties as plain yogurts as a result of innovations in product offerings, which is further boosting the demand for flavored yogurt.