NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global yogurt market size is estimated to grow by
USD 41.5 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 5.86% during the forecast period. Health benefits of
yogurt is driving market growth, with a trend
towards increasing use of superfruits in yogurts.
However, increasing product recalls poses a challenge.
Key market players include Agropur Dairy Cooperative, Arla Foods
amba, Chobani Global Holdings LLC, COFCO Corp., COYO Pty Ltd.,
Danone SA, DSG Consumer Partners, EHRMANN SE, Emmi Group, Fage
International SA, Fonterra Cooperative Group Ltd., General
Mills Inc., Lactalis American Group
Inc., Maple Hill Creamery LLC, Meiji Holdings Co. Ltd., Nestle SA,
Sovos Brands Inc., The Hain Celestial Group Inc.,
Unternehmensgruppe Theo Muller, and Yeo Valley Organic Ltd..
Get a detailed analysis on regions, market
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Yogurt Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.86%
|
Market growth
2024-2028
|
USD 41.5
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.48
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 37%
|
Key
countries
|
US, China, Ireland,
Australia, and France
|
Key companies
profiled
|
Agropur Dairy
Cooperative, Arla Foods amba, Chobani Global Holdings LLC, COFCO
Corp., COYO Pty Ltd., Danone SA, DSG Consumer Partners, EHRMANN SE,
Emmi Group, Fage International SA, Fonterra Cooperative Group Ltd.,
General Mills Inc., Lactalis American Group Inc., Maple Hill
Creamery LLC, Meiji Holdings Co. Ltd., Nestle SA, Sovos Brands
Inc., The Hain Celestial Group Inc., Unternehmensgruppe Theo
Muller, and Yeo Valley Organic Ltd.
|
Market Driver
The global yogurt market is experiencing growth due to
consumers' heightened health awareness and increasing focus on
natural, nutrient-rich foods. Diabetes, obesity, and allergies are
prevalent health issues leading to this trend. Superfruits, such as
acai, goji berry, noni, pomegranate, and grapes, are being
incorporated into Greek yogurt for their antioxidant, vitamin, and
mineral content. Vendors currently use raspberry, strawberry, and
pomegranate in their yogurt offerings. With the rising popularity
of superfruits, it is anticipated that more vendors will introduce
Greek yogurt with superfruits as ingredients during the forecast
period.
The yogurt market is experiencing significant growth with
various trends shaping its future. Milk, homogenized and
pasteurized, is a key ingredient in yogurt production. The use of
probiotics in yogurt is a major trend, with benefits such as
digestive health and immune system support. Flavors like
strawberry, blueberry, and vanilla are popular choices among
consumers. Sustainability is also a trend, with consumers looking
for eco-friendly packaging and production methods. Deserts and
drinks are common yogurt applications, and yogurt is often used as
a base for smoothies and other beverages. Artificial sweeteners and
additives are being replaced with natural alternatives. Yogurt is
also used in savory dishes, such as dips and sauces. Overall, the
yogurt market is dynamic and evolving, with a focus on health,
sustainability, and innovation.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• Yogurt recalls
can significantly harm market growth by damaging a company's
reputation, decreasing consumer trust, and imposing financial and
operational burdens. These recalls occur when products are deemed
potential health risks due to contamination or undeclared
allergens. With increasing health awareness, yogurt recalls for
contamination issues may lead to eroded brand trust and consumer
loyalty, resulting in market growth hindrance during the forecast
period. For instance, Danone faced a recall of three yogurt
products due to metal contamination, posing health risks to
consumers. Consequently, vendors face challenges due to unsuitable
products, making the yogurt market growth negatively impacted.
• The yogurt
market faces several challenges in the industry. One major
challenge is increasing competition from various dairy products and
alternative beverages. Another challenge is the rising cost of raw
materials, such as milk and sugars. Additionally, consumer
preferences for low-sugar and lactose-free options require
continuous innovation and adaptation. Choices for consumers are
expanding, with new flavors, textures, and packaging options.
Regulations and certifications, such as organic and non-GMO, also
add complexity to the market. Producers must balance these
challenges while maintaining quality and affordability for
consumers.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This yogurt market report extensively covers market segmentation
by
- Product
- 1.1 Spoonable yogurt
- 1.2 Drinkable yogurt
- Flavor
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Spoonable yogurt- The spoonable yogurt
market, which includes frozen and refrigerated varieties like Greek
yogurt, has seen significant growth due to its thick, creamy
texture and health benefits. Consumers use it in various
applications, including food and salad dressings. The popularity of
Greek yogurt has driven this segment's expansion. Innovative
flavors have attracted consumers, with 27% in the US and 32% in the
UK willing to pay more. Low-fat and high-protein options, such as
Chobani's natural yogurt, cater to health-conscious consumers,
fueling market growth.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The yogurt market encompasses a wide range of dairy products
undergoing homogenization and fermentation processes. These include
beverages, snacks, meal replacements, desserts, and protein-rich
sports drinks. Consumers are increasingly aware of the health
benefits associated with regular yogurt consumption, such as
promoting healthy digestion, supporting the immune system, and
aiding in weight loss and fat loss. Yogurt is also known to offer
protection against various health conditions, including Type 2
diabetes, colorectal cancer, osteoporosis, high blood pressure, and
bad cholesterol. The market caters to both lactose-tolerant and
lactose-intolerant individuals by offering lactose-free and
low-lactose options. Ingredients used in yogurt production may
include hormonal treatments and artificial additives, which are
subjects of ongoing debate and consumer awareness. The retail
market for yogurt continues to grow as consumers seek convenient,
nutritious, and delicious options for their daily diet.
Market Research Overview
The yogurt market is a significant segment of the global dairy
industry, characterized by its high consumer demand and diverse
product offerings. Homogenized milk is a primary raw material in
yogurt production. Fermentation is the key process in transforming
milk into yogurt. Various strains of bacteria, such as
Lactobacillus bulgaricus and Streptococcus thermophilus, are used
for fermentation. The market consists of various types of yogurt,
including traditional, Greek, Icelandic, and others. Probiotics are
a crucial component of yogurt, contributing to its health benefits.
Yogurt is consumed for its nutritional value, taste, and
convenience. The market is influenced by factors such as consumer
preferences, health trends, and government regulations.
Sustainability and innovation are key drivers in the yogurt market.
The market caters to various consumer segments, including children,
adults, and the elderly. Yogurt is used in various applications,
including as a standalone food, in baking, and in the production of
other dairy products. The market is expected to grow in the coming
years due to increasing consumer awareness and demand for healthy
food options.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Spoonable Yogurt
- Drinkable Yogurt
- Flavor
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio