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

Global yogurt market is projected to reach USD 106.6 Bn 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. 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 type into, regular yogurt and fat-free yogurt. By 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. By distribution channel, the global yogurt market is segmented into, hyper-markets/supermarkets, convenience stores, specialty stores, online stores, and others.

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
		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.

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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.

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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

* 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 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. 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 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. 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 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. MARKET OPPORTUNITIES AND FUTURE TRENDS