Market Size of Spoonable Yogurt Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.20 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spoonable Yogurt Market Analysis
The Global Spoonable Yogurt Market is projected to register a CAGR of 5.2% during the forecast period, 2022-2027.
Since consuming fermented milk products offers numerous medical benefits, yogurt has been a staple of the human diet for many centuries. It is widely preferred by people all over the world because it contains important nutrients including protein, calcium, vitamins, and living culture, or probiotics, which help to improve the gut flora. Additionally, convenience foods with added nutrients are becoming more and more popular. Amongst them, spoonable yogurt is the most accepted since it is simple to scoop and consume as well as its smooth, glossy texture appeals to a wide range of new generations. Also, it is projected that the rising prevalence of lifestyle diseases including cardiovascular disease, obesity, and diabetes will fuel the demand for such healthy food items and boost the growth of the spoonable yogurt market.
Additionally, consumption of low-fat yogurt is rising globally due to the growing health risk among individuals. As a result, governments around the world are establishing rules on reduced fat content in all yogurt products. As an illustration, in July 2021 the United States Food and Drug Administration (FDA) regulated the standards of identification for zero fat and low-fat yogurt and make various changes to the standard of identity for yogurt. According to the regulations, low-fat yogurt must have between 0.5 and 2 % fat and at least 8.25 % milk solids.
