Global Savory yogurt foods Market – Overview
Increasing demand of Savory yogurt foods in developing countries is driving the growth of the market. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Savory yogurt foods Market Research Report- Forecast to 2027 that the market will demonstrate an exceptional CAGR during the forecast period.
Yogurt is rich in calcium and proteins and its health benefits include boosting the immune system, combating diarrhea and constipation etc. Growing health awareness among the consumers is driving the growth of the market. Rising disposable income followed by changing consumption is boosting the global savory yogurt market. The increase in demand from the developing economies due to involvement of organized sector will also provide boost to the industry’s growth.
Increasing consumer’s awareness through advertisements is further boosting the sales of the product across the globe. Health conscious consumers are found to have more inclination towards savory yogurt based on the health advantages obtained from it. Additionally, growing demand for diverse flavored yogurt with low calories is supporting the sale of savory yogurt on a global level. Health concerns due to the fat content in the yogurt and lactose intolerance may restrain this market. However, the introduction of low-fat yogurt and innovations shall help in the development of this market.
Latest Industry Updates
Sept 2017 Dannon launched their Non-GMO Project Verified Yogurts.
Jun 2017 Chobani has launched its first non-Greek yogurt line called Smooth. The low-fat yogurt is made with real fruit and only natural, non-GMO ingredients. The company is focusing more towards new product launch.
Feb 2017 FlapJacked, maker of high-protein pancakes and muffins, has launched its latest product line: smoothie mixes. FlapJacked protein smoothie mix has become the first high-protein smoothie mix with a shelf-stable Greek yogurt base
March 2013 Booster Juice has launched a new product offering nationally known as vanilla Greek yogurt with three fresh fruit topping combinations including, mango passion fruit, mixed berry and banana coconut, available in different locations across Canada.
Global Savory yogurt foods Market - Competitive Analysis
With the entry of industry players in the Savory yogurt foods segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. New product launches is the most preferred growth strategy, followed by acquisitions and new agreements/partnerships in the global savory yogurt foods market. Product innovations and addition of new flavored savory yogurt in the product portfolio is influencing the growth of the market.
The key players profiled in Savory yogurt foods are as Blue Hill Inc. (U.S.), Nestle (Switzerland), Danone (France), AMUL (India), Chobani LLC (U.S), Noosa (U.S.), Wallaby Yogurt Company (U.S.), The Icelandic Milk and Skyr Corporation (U.S.), and Fage International S.A. (Luxembourg).
Global Savory yogurt foods Market – Segments
The global Savory yogurt foods market has been divided into product, type, distribution channel and region.
On The Basis of Product: Drinks, desserts, and others
On The Basis of Type: Strained, unstrained, flavored, low-fat and full-fat
On The Basis of Distribution channel: Store- based and non-store based
On The Basis of Region: North America, Europe, Asia Pacific and ROW.
Global Savory yogurt foods Market - Regional Analysis
The global Savory yogurt foods market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is expected to dominate the savory yogurt foods market followed by Europe. The U.S. is the major contributor of savory yogurt foods market in North America. Increasing demand for new yogurt products in Europe is driving the market of savory yogurt foods in this region.
Asia Pacific is the fastest growing region for savory yogurt foods market. India, China and Japan are the major contributors to the growth of savory yogurt foods market in this region. Increasing health awareness is driving the savory yogurt foods market in this region. Moreover, rising demand for flavored yogurt in China and Japan is adding fuel to the growth of savory yogurt foods market.