China Yogurt Market:
Growth opportunities in the China Yogurt Market look promising over the next six years. This is mainly due to their consumption in different forms such as in beverages, desserts, snacks, sports drinks and several benefits like decreasing the chances of bad cholesterol and obesity.
China Yogurt Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting consciousness concerned with various advantages of yogurt among individuals is one of the major drivers supplementing the growth of the China yogurt market. Also, accelerating disposable income coupled with the surging health awareness has strengthened the market size. Several health benefits such as reducing the epidemic risks of osteoporosis type 2 diabetes, colorectal cancer, bad cholesterol, obesity, digestive problems, and high blood pressure, intensifying immune system, and improving weight & fat loss process further support the market growth. In addition, the aggravating consumption of flavored yogurt and increasing consumer inclination is bolstering the market growth. Furthermore, the accelerating urban population and rapid commercialization have stimulated the acquisition of a highly nourishing diet, which ids thereby propelling the market share. However, as per the market analysis, the implementation of artificial colors and flavors causing allergic reactions and inflammation to consumers will restrain the market growth.
Product Segment Drivers
Based on the Product, Regular Yogurt is expected to dominate the market during the forecast period. This is primarily owing to its extensive availability and economical price as compared to fat-free yogurt. In addition, it is easily accessible across online and offline channels. On the other hand, Fat-free yogurt is projected to witness a faster CAGR during the forecast period due to the rising recognition of the consumption of healthy and fat-free products among consumers.
Distribution Channel Drivers
Based on the Distribution Channel, Supermarkets are predicted to lead the market over the forecast period. This is mainly attributed to the wide variety of products from numerous brands under one roof. Moreover, they provide access to cold storage that is essential for perishable dairy products. On the other edge, Online is forecasted to experience a higher CACR during the forecast period due to the growing penetration of the internet and escalating trend of purchasing online.
China Yogurt Market’s leading Manufacturers:
- Danone SA
- Nestle
- Fujian Haocaitou Food
- Shijiazhuang Junlebao Dairy Co., Ltd
- China Mengniu Dairy Company Limited
- Huaxia Dairy Farm
- Beijing Sanyuan Food
- Bright Dairy & Food Co
- Xinjiang Tianrun Dairy
- Yili Group
China Yogurt Market Segmentation:
Segmentation by Product Type
- Regular Yogurt
- Fat Free Yogurt
Segmentation by Form
- Set Yogurt
- Frozen Yogurt
- Regular
- Flavored
- Greek Yogurt
- Yogurt Drinks
- Regular
- Flavored
Segmentation by Distribution Channel
- Online
- Grocery Stores
- Supermarkets
- Convenience Stores
- Others
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