Yogurt Market - Growth, Trends And Forecasts (2019 - 2024)

Global Yogurt Market is segmented by Category (Dairy based and Non-dairy based yogurt); by Type (Plain and Flavored), Distribution Channel (Hyper-markets/Supermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others) and Geography.

Market Snapshot

yogurt market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

4.5%

Key Players:

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Yogurt Market

Global yogurt market is projected to grow with a CAGR of 4.5% during the forecasted period (2019 - 2024)

  • Regular yogurt is a popular category, owing to its low price and widespread availability. Regular yogurts are readily available in retail shelf space across online and offline retail channels. According to a recent survey, approximately, 45% of consumers picked breakfast as the time of day they usually consume regular yogurt products. In North America, consumers also prefer to have regular yogurt at lunch, and as an afternoon, a late morning, and a late night snack.
  • Drinking yogurt is able to ideally meet consumer's three key product demands: health ,mobility, and convenience. As a practical alternative to yogurt cups and spoons, yogurt drinks come in recloseable carton packs or are provided with a convenient drinking straw, making it an ideal snack for people on-the-go, a replacement breakfast, or the healthy in-between meal snack.

Scope of the Report

Global yogurt market is segmented by category into dairy based and non-dairy based yogurt; by type into, plain and flavored. By distribution channel, the global yogurt market can be segmented into hyper-markets/supermarkets, convenience stores, specialty stores, online stores, and others. Also, the study provides an analysis of the functional flour market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

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 Stores
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa

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Key Market Trends

Growing Trend towards Indulgence to Increase Sales Revenue

With the growing trend towards indulgence, the global yogurt market is expanding with clean-label and flavored yogurt varieties. Apart from taste, flavor, and texture, balanced diet are the key attributes consumers are focusing on, which is pushing the demand for fat-free flavored yogurts. In this regards, Danone S.A. which is a French food-products corporation rolled out Light & Fit Greek nonfat yogurt with zero artificial sweeteners and Light & Fit regular nonfat yogurt with zero artificial sweeteners made with stevia leaf extract and cane sugar, in six different varieties - Mixed Berry, Black Cherry, Strawberry, Peach Mango, Coconut Cream and Vanilla. 

Yogurt Market1

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Asia Pacific is the Fastest Growing Market

Consumption of yogurt across the Asia Pacific market is on the rise because of its probiotic range of products, its ability to improve metabolism, enhance digestion, and support the immune system. Yogurt is also consumed as dessert. It is offered in varieties, such as fruit yogurt, organic yogurt, and drinkable yogurt, which are well received by the consumers. For example, yogurt products are part of the Indian food culture and this is expected to continue in the forecast period, mainly due to its health benefits. Furthermore, China and Japan are among the largest markets for yogurts in the Asia Pacific, while Australia and India are experiencing a heightened awareness of yogurts’ health benefits, thus, driving its growth.

Yogurt Market2

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Competitive Landscape

The yogurt market is a highly competitive market, with the presence of various international players. The major players of the market are extensively focusing on providing consumers with innovative and exotic flavors while including functional benefits in each of the yogurt product categories. Danone S.A., Chobani, LLC., General Mills, Inc., Nestlé S.A., and China Mengniu Dairy Company Limited are the major players in the global yogurt market.

Major Players

  1. Danone S.A.
  2. Chobani, LLC.
  3. General Mills, Inc.
  4. Nestlé S.A.
  5. China Mengniu Dairy Company Limited

* Complete list of players covered available in the table of contents below

yogurt market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Category

      1. 5.1.1 Dairy-based yogurt

      2. 5.1.2 Non-dairy based yogurt

    2. 5.2 By Type

      1. 5.2.1 Plain yogurt

      2. 5.2.2 Flavored yogurt

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Specialty Stores

      4. 5.3.4 Online Stores

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Italy

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Active Companies

    3. 6.3 Most Adopted Strategy

    4. 6.4 Company Profiles

      1. 6.4.1 General Mills, Inc

      2. 6.4.2 Nestle SA

      3. 6.4.3 Chobani LLC

      4. 6.4.4 China Mengniu Dairy Company Limi

      5. 6.4.5 Danone S.A.

      6. 6.4.6 Grupo LALA

      7. 6.4.7 Schreiber Foods

      8. 6.4.8 Muller UK & Ireland

      9. 6.4.9 Grupo Alpura

      10. 6.4.10 Deutsches Milchkontor Gmbh

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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