Fortified Yogurt Market Research Report - Global Forecast till 2030

Global Fortified Yogurt Market Research Report: Information by Fortifying Ingredient (Vitamins, Minerals, Probiotics, and Others), Distribution Channel [Store-Based (Supermarkets & Hypermarkets, Convenience Stores, and Others) and Non-Store-Based], and Region (North America, Europe, Asia-Pacific, and RoW)– Forecast till 2030

ID: MRFR/F-B & N/2565-HCR | December 2022 | Region: Global | 110 Pages         

Fortified Yogurt Market

Fortified yogurt market size is expected to reach USD 223,442 million in 2030, at a CAGR 6.9%.

Segmentation

By Fortifying Ingredient Vitamins Minerals Probiotics Others
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific RoW

Key Players

  • Danone Group SA (France)
  • Ultima Foods Inc. (Canada)
  • Chobani LLC (US)
  • Sodiaal S.A. (France)
  • Nestle (Switzerland)
  • General Mills (US)
  • Kraft Foods (US)
  • Koko Dairy Free (Indonesia)
  • Yakult (Japan)
  • Vinamilk (Vietnam)

Drivers

  • Need to replenish the lost nutrients in processed yogurt
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Fortified Yogurt Market Scenario 


The global fortified yogurt market is expected to garner a revenue of USD 223,442 million by 2030, with a CAGR of approximately 6.9% during the forecast period, 2022–2030. Dairy products are an efficient way of fortification and, thus, dairy-based yogurt is widely being fortified to curb micro-nutrient deficiencies among the global population. Processing techniques such as ultra-heat treatment, spray drying, and pasteurization lead to loss of essential nutrients in dairy products such as yogurt. Thus, a need to replenish the lost nutrients in processed yogurt is driving the growth of global fortified yogurt market. Additionally, surging demand for functional food products among the health-conscious consumers is also fuelling the market growth of fortified yogurt. However, high prices of fortified yogurt as compared to non-fortified yogurt is hampering the market growth, especially in the developing countries. The market is expected to emerge lucrative for the market players during the upcoming years owing to the rising awareness regarding the benefits of consuming fortified food products.  


Segmentation


The global fortified yogurt market has been segmented based on fortifying ingredient, distribution channel, and region.  By fortifying ingredient, the global fortified yogurt market has been classified as vitamins, minerals, probiotics, and others.  By distribution channel, the global fortified yogurt market has been divided into store-based and non-store-based. The store-based segment is further segmented into supermarkets & hypermarkets, convenience stores, and others.  The global fortified yogurt market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.  The fortified yogurt market in North America has further been segmented into the US, Canada, and Mexico. The Europe fortified yogurt market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The fortified yogurt market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The fortified yogurt market in the rest of the world has been segmented into South America, the Middle East, and Africa

Key Players

Danone Group SA (France), Ultima Foods Inc. (Canada), Chobani, LLC (US), Sodiaal S.A. (France), Nestle (Switzerland), General Mills (US), Kraft Foods (US), Koko Dairy Free (Indonesia), Yakult (Japan), and Vinamilk (Vietnam) are some of the key players in the global fortified yogurt market.

Regional Market Summary

North America is expected to dominate the fortified yogurt market throughout the review period owing to the high demand for fortified functional food products. Moreover, the increasing consumption of yogurt in the US is also a crucial determinant driving the regional market growth. Growing awareness regarding the benefits of consuming fortified products is expected to boost the growth of the fortified yogurt market in Asia-Pacific.  


Global Fortified Yogurt Market, by Fortifying Ingredients



  • Vitamins

  • Minerals

  • Probiotics

  • Others


Global Fortified Yogurt Market, by Distribution Channel



  • Store-Based

    • Supermarkets & Hypermarkets

    • Convenience Stores

    • Others



  • Non-Store-Based


Global Fortified Yogurt Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia & New Zealand



  • Rest of Asia-Pacific

    • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Fortified yogurt manufacturers

  • Dairy industry

  • Frozen desserts industry

  • Raw material suppliers

  • Traders, importers, and exporters



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 223,442 Million
  CAGR   6.9%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Fortifying Ingredient, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Danone Group SA (France), Ultima Foods Inc. (Canada), Chobani LLC (US), Sodiaal S.A. (France), Nestle (Switzerland), General Mills (US), Kraft Foods (US), Koko Dairy Free (Indonesia), Yakult (Japan), Vinamilk (Vietnam)
  Key Market Opportunities   Surging demand for functional food products among the health-conscious
  Key Market Drivers   Need to replenish the lost nutrients in processed yogurt


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Frequently Asked Questions (FAQ) :

Fortified yogurt market is projected to grow at approximately 6.9% CAGR during the assessment period (2022-2030).

Fortifying ingredient, distribution channel, and region are the major segments of the fortified yogurt market.

Top players in the global fortified yogurt market include Danone Group SA (France), Ultima Foods Inc. (Canada), Chobani, LLC (US), Sodiaal S.A. (France), Nestle (Switzerland), General Mills (US), Kraft Foods (US), Koko Dairy Free (Indonesia), Yakult (Japan), and Vinamilk (Vietnam).

North America is expected to lead the fortified yogurt industry.