The flavored yogurt global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Flavored Yogurt Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The flavored yogurt market size has grown strongly in recent years. It will grow from $56.43 billion in 2023 to $60.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to health and nutrition trends, dairy-free alternatives, clean label movement, snack culture emergence.
The flavored yogurt market size is expected to see strong growth in the next few years. It will grow to $82.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to innovative consumption formats, personalization and customization, transparency in health claims, exploration of dairy sources, eco-friendly packaging. Major trends in the forecast period include functional ingredients integration, variety in flavors, convenience and portability, plant-based alternatives.
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Scope Of Flavored Yogurt Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Flavored Yogurt Market Overview
Market Drivers –
The increasing health consciousness among consumers is expected to drive the growth of the flavored yogurt market going forward. Health-conscious consumers (HCCs) are those consumers that live a ‘wellness-oriented’ lifestyle and are worried about their environment and nutrition. Health-conscious consumers are interested in the consumption of healthier products such as yogurt which supports digestive health and weight consciousness. For instance, according to a survey result published in January 2021 by Public Health England (PHE), an England-based government agency for health and social care, a survey of more than 5000 adults showed that 7 in 10 adults were motivated to make healthier lifestyle changes owing to COVID-19 pandemic while 8 in 10 adults aged over 18 decided to alter their lifestyle in 2021. Around 43% of adults feel more motivated to make changes to their life as compared to last year. Therefore, the increasing health consciousness among consumers will propel the demand for flavored yogurt.
Market Trends –
Product innovations have emerged as a key trend gaining popularity in the flavored yogurt market. Major companies operating in the market are focused on innovating new products such as plant-based yogurt to offer sustainable product options while providing the same health benefits to consumers. For instance, in March 2023, So Delicious Dairy Free, a US-based producer of dairy-based food products launched its innovative new 0g Added Sugar Coconutmilk Yogurt Alternative. Being one of the first yogurts substitutes to get its sweetness from fruit, the delectable 0g Added Sugar Coconutmilk Yogurt Alternative is redefining the yogurt section. The 0g Added Sugar Coconutmilk Yogurt Alternative is non-GMO Project verified and certified vegan. It is free of dairy, added sugar, and other artificial sweeteners.
The flavored yogurt market covered in this report is segmented –
1) By Type: Organic, Conventional
2) By Form: Spoonable, Drinkable
3) By Flavor: Strawberry, Blueberry, Vanilla, Peach, Other Flavors
4) By Distribution Channel: Supermarket, Convenience Stores, Online, Other Distribution Channels
5) By End Use: Food And Beverage Industry, HoReCa (Hotel, Restaurant, Cafe), Household Retail
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Regional Insights –
Europe was the largest region in the flavored yogurt market in 2023. The regions covered in the flavored yogurt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the flavored yogurt market report are Danone SA, Groupe Lactalis SA, Chobani LLC, Arla Foods AMBA, Emmi Nederland BV, Ultima Foods Inc., Nestlé SA, Sodiaal Union, Theo Müller Group, Parmalat SpA, Rainy Lanes Dairy Foods Limited, Chi Limited, Cargill Incorporated, Mother Dairy Fruit & Vegetable Private Limited, Britannia Nutrition Foundation Co., General Mills Inc., Stonyfield Farm Inc., Valio Ltd., Brown Cow Farm, Cascade Fresh Inc., Ellenos Real Greek Yogurt Co., FAGE International S.A., Forager Project LLC, Horizon Organic Inc., Icelandic Provisions Inc., Liberté Inc., Lifeway Foods Inc., Mountain High Inc., Nancy’s Yogurt, Noosa Yoghurt
Table of Contents
1. Executive Summary
2. Flavored Yogurt Market Report Structure
3. Flavored Yogurt Market Trends And Strategies
4. Flavored Yogurt Market – Macro Economic Scenario
5. Flavored Yogurt Market Size And Growth
…..
27. Flavored Yogurt Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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