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Global Savory Yogurt Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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Savory yogurt is used in various drinks and desserts. The drinkable yogurt market was valued at USD 27.2 billion in 2015 and is expected to grow rapidly during the forecast period of 2018-2023. The global savory yogurt market is expected to grow at a CAGR of 3.4% to reach USD 9.4 billion by 2023.

Global Savory Yogurt Market Dynamics

The rise in disposable income, a shift in the eating habits of consumers, increasing awareness of the health benefits of savory yogurt and the growing availability of flavored yogurt are expected to drive this market. Yogurt is rich in calcium and proteins and its health benefits include boosting the immune system, combating diarrhea and constipation etc. Health concerns due to the fat content in the yogurt and lactose intolerance may restrain this market. The introduction of low-fat yogurt and innovations shall help in the development of this market. 

Global Savory Yogurt  Market Segmentation

The global savory yogurt foods market is segmented on the basis of product type, into drinks, desserts, and others. On the basis of content, the market is segmented into strained, unstrained, flavored, low fat and full fat. The flavored segment is further divided into vegetable and fruit-flavored.

On the basis of the distribution channel, the supermarkets/hypermarkets dominate the global scenario.

 

North America is the major contributor to the market, in terms of revenue, followed by Europe. The U.S is the major market in North America with a market value of USD XX million. In the Asia-Pacific region, China and India are the major markets. The rise in demand for flavored yogurt in countries like China and Japan are substantial.  

Key Players in the Global Savory Yogurt Market

The market for savory yogurt foods is highly fragmented with a large number of regional and international vendors. Chobani LLC is one of the key vendors of savory yogurt and had a total sale of USD 1 billion in 2015. The vendors compete for innovation, which plays a key role in this market; pricing and distribution. Some of the other major players in the market include:

  • Blue Hill Inc.
  • Noosa
  • Wallaby Yogurt Company
  • Nestle
  • General Mills

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
  •  3 months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

  • Value chain analysis
  • Consumer behavior analysis in country level

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

 

1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definition

2. Research Approach & Methodology

                2.1 Introduction

                2.2 Research Designs

                2.3 Study Timelines

                2.4 Study Phases

                                2.4.1 Secondary Research

                                2.4.2 Discussion Guide

                                2.4.3  Market Engineering and Econometric Modelling

                                2.4.4 Expert Validation

3. Key Findings of the Study

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Rise in Disposable Income

                                4.1.2 Increase in Awareness of the Health Benefits

                                4.1.3 Increasing Availability of Flavored Yogurt

                4.2 Constraints

                                4.2.1 High Fat Content

                                4.2.2 Lactose Intoleration

                4.3 Opportunities

                                4.3.1 Product Innovation

                                4.3.2 Increasing Demand in Developing Countries

                4.4 Porter's Five Forces Analysis

                                4.4.1 Bargaining Power of Suppliers

                                4.4.2 Bargaining Power of Buyers

                                4.4.3 Threat of New Entrants

                                4.4.4 Threat of Substitute Products and Services

                                4.4.5 Degree of Competition

                  4.5 Consumer Behavior Analysis

                                    4.5.1 Consumer Demand Analysis

                                    4.5.2 Target Market Identification

                                                4.5.2.1 Purchasing Power

                                                4.5.2.2 Demographic Strengths & Weaknesses

                                                4.5.2.3 Spending Patterns 

5. Market Segmentation

                5.1 By Product Type

                                5.1.1 Drinks

                                5.1.2 Desserts

                                5.1.3 Others

                5.2 By Content

                                5.2.1 Strained

                                5.2.2 Unstrained

                                5.2.3 Flavoured

                                                5.2.3.1 Vegetable-Flavoured

                                                5.2.3.2 Fruit-Flavoured

                                5.2.4 Low Fat

                                5.2.5 Full Fat

                5.3 By Distribution Channel

                                5.3.1 Super Markets/ Hyper Markets

                                5.3.2 Convenience Stores

                                5.3.3 Grocery Stores

                                5.3.4 Online

                                5.3.5 Others

                5.4 By Geography

                                5.4.1 North America

                                                5.4.1.1 U.S.

                                                5.4.1.2 Canada

                                                5.4.1.3 Mexico

                                                5.4.1.4 Others

                                5.4.2 Europe

                                                5.4.2.1 Germany

                                                5.4.2.2 U.K.

                                                5.4.2.3 France

                                                5.4.2.4 Spain

                                                5.4.2.5 Italy

                                                5.4.2.6 Russia

                                                5.4.2.7 Others

                                5.4.3 Asia-Pacific

                                                5.4.3.1 China

                                                5.4.3.2 Japan

                                                5.4.3.3 India

                                                5.4.3.4 Australia

                                                5.4.3.5 Others

                                5.4.4 South America

                                                5.4.4.1 Brazil

                                                5.4.4.2 Argentina

                                                5.4.4.3 Others

                                5.4.5 Africa

                                                5.4.5.1 South Africa

                                                5.4.5.2 Others

6. Competitive Landscape

                6.1 Most Adopted Strategies

                6.2 Most Active Companies

                6.3 Market Share Analysis

7. Company Profiles    

                7.1 Amul

                7.2 Blue Hill Inc.

                7.3 China Mengniu Dairy

                7.4 Chobani LLC 

                7.5 Danone

                7.6 Fage International S.A.

                7.7 Fonterra

                7.8 General Mills

                7.9 Karoun Dairies

                7.10 Marquez Brothers International

                7.11 Muller

                7.12 Nestle

                7.13 Noosa

                7.14 The Icelandic Milk and Skyr Corporation

                7.15 Wallaby Yogurt Company

                7.16 Yakult

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