The GMI Research’s latest analysis reveals that the Yogurt Market is slated to register a significant CAGR over the forecast period. This is attributed to the growing yogurt regarding health benefits, increasing retail market, increasing health awareness among people, and the growing health awareness among individuals.
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Yogurt Market’s leading Manufacturers:
- Mother Dairy Fruit & Vegetable Pvt Ltd
- Lactalis Group
- Amul
- CoolBrands International Inc
- Emmi Group
- Saputo Inc.
- Dean Foods Company
- Valio Ltd
- Juhayna Food Industries
- Arla Foods
Yogurt Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The global yogurt market is predicted to witness an upsurge in demand during the forecast period due to the growing yogurt regarding health benefits, increasing retail market, and the growing health awareness among individuals. People globally are considering themselves as overweight, and many individuals are struggling to lose weight. Consumers are becoming more aware of what they eat and seek fresh products, including natural, organic, or minimally processed food. Additionally, youngsters are rapidly shifting towards healthy eating habits, as they are becoming more conscious about their health. It has been seen that consumers are ready to spend more on good quality, healthy products instead of any food product in the market. This drastic shift in eating habits is the rising adoption of yogurt.
Yogurt is rich in vitamins, calcium, protein, and probiotics or lives culture, which enhances gut microbiota. It offers protection for bones, teeth and avoids digestive issues. Low-fat yogurt helps in a weight loss diet and probiotics, which will further boost the immunity system of people. In addition to this, increasing health awareness among people will further bolster the growth of the yogurt market. On the other hand, the factor hampering the growth of the yogurt market share in terms of revenue include harmful ingredients and additives.
Type Segment Drivers
Based on type, the market is segmented into greek yogurt, set yogurt, yogurt drinks, and frozen yogurt. The greek yogurt is projected to rise at a higher CAGR over the forecast period due to the growing introduction of various new products with a large range of flavors, including blueberry, chocolate, mango, honey, strawberry, and others. It also promotes good mental health, decreases blood pressure, aids in building muscle mass, which will accelerate the growth of the yogurt market size.
Distribution Channel Segment Drivers
Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, specialist retailers, independent retailers, convenience stores, others. The supermarkets/hypermarkets is projected to increase at a higher CAGR over the coming years due to the increasing customers toward convenience purchasing. Presently, people have hectic lifestyles, so they prefer to buy all the goods from one single store. This is fuelling the growth of the market.
Yogurt Market Segmentation:
Segmentation by Type:
- Set Yogurt
- Greek Yogurt
- Yogurt Drinks
- Regular
- Flavored
- Frozen Yogurt
Segmentation by Distribution Channel:
- Supermarkets/Hypermarkets
- Independent Retailers
- Specialist Retailers
- Convenience Stores
- Others (Online & Home Deliveries)
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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