Growing awareness regarding food with health benefits and increasing acceptance of yogurt as a snack to drive global yogurt market through 2025
According to TechSci Research report, “Global Yogurt Market By Fat Content, By Type, By Form, By Packaging, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025”,theglobal yogurt market is forecast to reach $ 123 billion by 2025. Demand for yogurt is expected to rise worldwide owing to growth of young population base which is health conscious and is inclined towards food products having varied health benefits, changing taste preferences of consumers across the globe along with rising acceptance of yogurt as a snack. Also, rising household disposable income of middle-class population has led to an increase in demand for discretionary food items like yogurt and this trend is anticipated to drive the growth of global yogurt market over the forecast period.
Browse more than 100 market data Figures spread through175 Pages and an in-depth TOC on“Global Yogurt Market”
Danone Group, Yakult Honsha Co., Ltd., General Mills Inc., Inner Mongolia Yili Industrial Group Co., Ltd., Chobani, LLC., China Mengniu Dairy Company Limited, Unternehmensgruppe Theo Müller GmbH & Co KG, Bright Food (Group) Co., Ltd., Groupe Lactalis, Meiji Holdings Co., Ltd., etc. are some of the major companies operating in global yogurt market. Flavored yogurt accounts for over 70% of the market share in the global yogurt market, in terms of value, and is expected to remain the dominant segment during the forecast period as well.
Availability of yogurt with different milk fat percentages caters to demand emerging from diverse consumer segments preferring yogurt with either regular fat content, low fat or fat free. The accessibility of different options for health-conscious consumers is positively influencing the growth of yogurt market, globally. Yogurt with regular fat content dominates the global yogurt market with majority of the market share in 2019 and the segment is expected to maintain the lead during the forecast period. Asia-Pacific will continue to be the dominating region in the global yogurt market, with the region even forecast to witness higher CAGR during the forecast period.
“In terms of segmentation by form, conventional yogurt holds the largest share in the global yogurt market, while flavored yogurt category is dominant in the segmentation by yogurt type. Hence, players in the global yogurt market are advised to increase their product portfolio of conventional yogurt category by increasing the number of flavors offered in the same category. Rising acceptance of yogurt as a snack, expansion of product portfolio with introduction of low fat and fat free types in almost all forms of yogurt, gluten-free yogurt, etc., coupled with other product innovations like organic yogurt, sugar-free yogurt, etc., are the emerging trends worldwide.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“Global Yogurt Market By Fat Content, By Type, By Form, By Packaging, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global yogurt market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global yogurt market.
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