Yogurt Market | Growth | Trends

Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR% (2019-2024):

4.5%

Key Players:

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Market Overview

The global yogurt market is expected to reach USD 106.6 billion by 2024, registering 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. It is readily available in both online and offline retail outlets. According to a recent survey, approximately 45% of the consumers picked breakfast as the meal in which they usually consume regular yogurt products. In North America, consumers also prefer to have regular yogurt for lunch, and as an afternoon, a late morning, and a late night snack.
Drinking yogurt can ideally meet the consumers’ three key product demands: health and enjoyment, mobility, and convenience. As a practical alternative to yogurt cups and spoons, yogurt drinks come in recloseable carton packs, or are provided with handy drinking straws, making them an ideal snack for people on-the-go, a replacement breakfast, or the healthy in-between meal snack that neither crumbles nor makes a mess.

Scope of the Report

The global yogurt market is segmented on the basis type, into regular yogurt and fat-free yogurt. BOn the basis of form, the global yogurt market can be segmented into spoonable yogurt and drinkable yogurt. The spoonable yogurt product type segment is further sub-segmented into set yogurt, Greek yogurt, and frozen yogurt. On the basis of distribution channel, the global yogurt market is segmented into hypermarkets/supermarkets, convenience stores, specialty stores, online stores, and other distribution channels.

Type
		Regular Yogurt
		Fat-free Yogurt

Form

Spoonable Yogurt
	Set Yogurt
	Greek Yogurt
	Frozen Yogurt

Drinkable Yogurt

Distribution Channel
		Supermarkets/Hypermarkets
		Convenience Stores
		Specialty Stores
		Online Stores
		Other Distribution Channels

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 & Africa
	South Africa
	Saudi Arabia
	Rest of Middle East & Africa

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Key Market Trends

Growing trend toward indulgence, to increase sales revenue

With the growing trend toward indulgence, the global yogurt market is flourished with clean-label and flavored yogurt varieties. Apart from taste, flavor, and texture, balanced diet is the key that attribute consumers are focusing on, which is pushing the demand for fat-free, flavored yogurts. In this regard, Danone SA, 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 using stevia leaf extract and cane sugar, in six different varieties - mixed berry, black cherry, strawberry, peach mango, coconut cream, and vanilla.

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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 a 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-based products are a part of the Indian food culture. This consumption practice is expected to continue, during the forecast period, mainly due to the health benefits of yogurt. Furthermore, China and Japan are among the largest markets for yogurt, in the Asia-Pacific region, while Australia and India are experiencing a heightened awareness of the health benefits of yogurt, thus, driving its market growth.

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Competitive Landscape

The yogurt market is highly competitive, with the presence of various international players. The major players in 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 SA, Chobani LLC, General Mills Inc., Nestlé SA, and China Mengniu Dairy Company Limited are the major players in the global yogurt market.

Major Players

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

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
1. 3.1 Market Overview
4. MARKET DYNAMICS
1. 4.1 Market Drivers
2. 4.2 Market Restraints
3. 4.3 Porter's 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. MARKET SEGMENTATION
1. 5.1 Type
  1. 5.1.1 Regular Yogurt
  2. 5.1.2 Fat-free Yogurt
2. 5.2 Form
  1. 5.2.1 Spoonable Yogurt
    1. 5.2.1.1 Set Yogurt
    2. 5.2.1.2 Greek Yogurt
    3. 5.2.1.3 Frozen Yogurt
  2. 5.2.2 Drinkable Yogurt
3. 5.3 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 Other Distribution Channels
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 & Africa
    1. 5.4.5.1 South Africa
    2. 5.4.5.2 Saudi Arabia
    3. 5.4.5.3 Rest of Middle East & Africa
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
  2. 6.4.2 Nestle SA
  3. 6.4.3 Chobani LLC
  4. 6.4.4 China Mengniu Dairy Company Limited
  5. 6.4.5 Danone SA
  6. 6.4.6 Grupo LALA
  7. 6.4.7 Schreiber Foods
  8. 6.4.8 Grupo Alpura
  9. 6.4.9 Deutsches Milchkontor GmbH
7. MARKET OPPORTUNITIES AND FUTURE TRENDS