yogurt-market
Published

APR 2018

Yogurt Market - Segmented by Application and Geography ‚ Growth, Trends, and Forecast (2019 - 2024)

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Yogurt Market Insights

The global yogurt market is expected to record an estimated CAGR of 4.5%, during the forecast period (2018-2023). The increasing awareness of the health benefits of yogurt acts as a catalyst to the growth of this market. The probiotic effects of yogurt has attracted to the consumers.

Increased Demand of Healthier Products in Yogurt Market

The increase in awareness of the health benefits of yogurt is also a key driver of this market. As it is rich in calcium and protein, some of the health benefits of yogurt include boosting the immune system, combating diarrhea, and constipation, etc. The increasing availability of flavored yogurt is also a driver of this market. The rise in the cost of production poses a threat to the market. The growing demand from developing countries due to the greater involvement of the organized sector would provide a further boost to the industry’s growth. 

Developing Countries Accelerated the Yogurt Market Growth

Yogurt is majorly consumed in North America with US as the largest market. However, developing countries, such as China, India, and Middle East has observed a strong growth in sale of yogurt. Organic, clean label and authentic version of yogurt are increasing in sale. China and India is expected to contribute 95% of the global dairy market growth. The various fruity flavored varieties and drinkable yogurt style are becoming popular in emerging countries owing to convenience and healthy eating habits.

                                         

Yogurt Market Key Developments

  • 2018 – Arla Foods has launched fibre rich yogurt in UK  
  • 2017 Dannone has introduced 100% natural yogurt product range in France

Yogurt Market Competitive Landscape

The market for yogurt is highly fragmented. The vendors compete for innovation, pricing, and distribution. The increased adoption of western style and taste has triggered demand among the younger consumers, which encourages companies to innovate new product variants targeting this group. Some of the major players in the market include - General Mills, Groupe Dannone, Chobani, China Mengniu Dairy among others.

Reasons to Purchase this Yogurt Market 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-month analyst support, along with the Market Estimate sheet in excel

Customization of the Yogurt Market Report

  • 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
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