ID: MRFR/F-B & N/6606-HCR | 90 Pages | Published By Snehal Singh on March 2023
Flavored Yogurt Market Size is anticipated to reach USD 95 Billion by 2030, registering a CAGR of 4.7% during 2022-2030.
As per the research reports by MRFR, the global flavored yogurt market is anticipated to record a robust CAGR of approximately 5.4% during the assessment era. Furthermore, the market is estimated to attain a size of over USD 77.5 billion during the forecast period.
Yogurt refers to a fermented product derived from milk with the help of Lactobacillus bulgaricus and Streptococcus thermophilus. It is a nutritious food product that contains a high percentage of proteins, potassium, and calcium. Yogurt is low in calorie content, making it an ideal choice for health-conscious people. Furthermore, it is an option for lactose-intolerant people owing to its lactose content in the form of lactic acid. All of these factors are boosting the demand for yogurt across the globe.
Furthermore, the launch of several new flavors of yogurts such as raspberry, blueberry, banana, and chocolate are likely to accelerate the growth of the flavored yogurt market’s growth over the assessment era. Moreover, the fact that it is easy to carry and readily available makes it an ideal snack for consumers. On the other hand, the artificial sweeteners in yogurt and the increasing use of preservatives are anticipated to impede the market’s growth in the forecasted era.
Flavored Yogurt Market has been segmented based on flavor, product type, distribution channel, and region.
The global market has been classified, based on flavor, as vanilla, blueberry, strawberry, raspberry, mango, and others
The global market has been segmented, on the basis of product type, into conventional, fat-free, and low-fat.
On the basis of distribution channel, the global market has been bifurcated into store-based and non-store-based. The store-based segment has further been segregated into supermarkets and hypermarkets, convenience stores, and others.
The global flavored yogurt industry has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American flavored yogurt industry has been segmented into the US, Canada, and Mexico.
The European flavored yogurt market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The flavored yogurt industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The flavored yogurt industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Flavored Yogurt Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
The market in North America is expected to dominate the flavored yogurt industry due to increasing awareness of the benefits of consuming yogurt and the preference for low-calorie snacks. Moreover, the easy availability of yogurt in a variety of flavors and continuous developments of new flavors are expected to boost the growth of the flavored yogurt industry. Furthermore, the new concept of the split pot which enables the market players to market yogurt as a complete meal by adding some eatables with yogurt is projected to boost the flavored yogurt market growth in this region.
The market in Asia-Pacific is expected to register the highest CAGR during the review period owing to the changing lifestyles and preference for on-the-go food. Moreover, increasing per capita disposable incomes in many Asian countries like India and China are projected to bolster the growth of the flavored yogurt industry in this region.Recent Development
Global Flavored Yogurt Market, by Flavor
Global Flavored Yogurt Market, by Product Type
Global Flavored Yogurt Market, by Distribution Channel
Global Flavored Yogurt Market, by Region