Yogurt Market 2019-2025
New Study Reports “Yogurt Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025″.
The yogurt market will reach USD 25.18 billion during 2019-2023 at a Common Annual Growth Rate (CAGR) of 5.56%. Easy accessibility, innovative product launches by various players in the market and easy availability through organized retailing are driving the market growth. The market is moderately fragmented with a limited number of players occupying the market share. Europe will continue to lead the market share. The increasing number of product launches is creating more awareness, also the availability of innovative and new yogurt flavours in the market.
New product launches help in growing revenue flows of market players and increasing their consumer base. Hence, yogurt manufacturers are focusing more on innovative product launches. To cater to the consumers’ need, vendors are increasing their sales by launching new products. Also, today there are many supermarkets, specialty stores, hypermarkets, which has helped in penetration and growth of organized retailers across the globe. Organized retail stores function as a key distribution channel for packaged and fresh foods from manufacturers to end users or consumers.
Moreover, the introduction of new flavors is one of the critical trends driving the growth of the market. In addition to these new flavors, vendors are also introducing new, healthy formulations of yogurt such as lactose-free yogurts to cater to the lactose-intolerant people. These products are developed using alternatives to dairy products such as soy milk, coconut milk. These new initiatives will lead the market to grow at a CAGR of over 5% during the forecast period.
Important Key Players analysis: Cuisinart, Euro Cuisine, Salton, Whynter, Oster, Aroma Rice Cooker, Dash, Williams-Sonoma, Bear, Royalstar, and more.
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The global yogurt market is segmented based on its type, form, flavour, distribution channel. Based on the type, the market is split into spoonable, drinkable yogurt. By form, the market is split into plain and flavoured yogurt. Basis flavour, the market is split into strawberry, mango, blueberry, raspberry, vanilla, peach. Basis distribution channel, the market is spilt into hypermarkets, supermarkets, specialty stores, convenience stores, online retail and others. Yogurt is the bacterial fermentation of milk with low calories and contains nine essential amino acids, phosphorous, selenium. Because of low calories, it is a popular product for breakfast or lunch. It is popularly used in America and Europe as an alternative to ice cream and other dairy-based high calorie desserts.
The global yogurt market is divided into North America (United States, Canada), Europe (Germany, France, UK, Italy, Russia, Spain), Asia Pacific (China, Japan, India, Korea, Australia, New Zealand), South America (Mexico, Brazil, C. America, Chile, Peru, Colombia), Middle East and Africa (UAE, Saudi Arabia, South Africa). Europe is contributing to the highest market share whereas Asia Pacific will grow at the highest CAGR. The other significant regions are Latin America, Middle East and Africa. Today, we find the major players are global and hence, they are available easily in various types, forms of yogurts. Regular yogurt is a popular category.
Yogurt Sub component Manufacturers
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The consumption of yogurt has helped in combating constipation, diarrhoea, maintaining blood pressure, improving immunity, protecting against colorectal cancer, lowering the risk of type-2 diabetes. The growing awareness about these health benefits and increasing health-consciousness, especially among the young, millennial and urban consumers, has led to a shift toward nutritious snacks.
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