ID: MRFR/F-B & N/0687-HCR | 115 Pages | Author: Varsha More | June 2023
Savory Yogurt Foods Market is expected to grow at Significant 3.89% CAGR from 2022 to 2030 as per MRFR Analysis. The savory yogurt food market is witnessing high demand. The low-fat content of the product boosts the demand among customers. The savory yogurt is a type of sourish food product that is gaining traction in many regions. There are also sweetened and flavoured yogurt varieties in this market. The process of savory yogurt preparation includes fermentation, pasteurization, and homogenization of milk. There are different forms of yogurts available.
It is a snack, dessert, protein drink and used as a meal replacement. There are lots of benefits of Yogurt. It is a form of milk food item that comes with a low lactose rate. There is lactose-free yogurt available for people with intolerance. Eating yogurt every day has various health benefits. One of the prominent benefits of yogurt is improved digestion.
Today, lifestyle diseases are growing among the population. Most of these diseases are due to poor eating habits. Oily, fried and fast food items are hard to digest. They weaken the digestive capabilities of the human body. However, yogurt is a healthy snack that prevents indigestion issues. It regulates gut health and improves the immunity system. Due to all the benefits the Savory Yogurt Foods Market Value is massive.
Covid 19 is a challenging period for global markets. There are plenty of factors that cause a downfall in industries. Low production rates are common problems for businesses. The supply disruptions are huge for markets that delay overall product delivery.
The savory yogurt market is facing a few challenges in this period. Since 2020, the demand for food items is facing a decline. However, essential foods such as milk, bread and yogurt are witnessing a rise. The demand for yogurt was high in many regions. However, due to its perishable nature, the demand for yogurt was low in some regions. However, the supply chain issue is a major hindrance for the market. As per Savory Yogurt Foods Market Analysis from 2022 there is high scope for growth. The demand and supply chain of the market is expected to be smooth in upcoming years.
Crucial market drivers
The changing eating habits of customers are a crucial driver of the market. Today, people are becoming more health-conscious. Most of the consumers prefer healthy food items. These changing trends of the healthy eating habits of customers create high demand for savory yogurt. Especially, the awareness about the benefits of yogurt is higher. It is a healthy and less calorie food item.
There are much more benefits of the product that attracts customers. Apart from healthy digestion, there are other important benefits of this food item. As per the international journal, there is a low risk of type 2 diabetes with yogurt consumption. Further, digestion issues are the underlying cause of colorectal cancer. With yogurt consumption, the risks of these diseases are lower.
Further, it is an effective and natural food item that helps in Weightloss. It is a protein-rich food item that reduces cholesterol. As per research prevention of problems such as osteoporosis is possible with this food item. Further, the rise of the disposable income of customers is another crucial driver. Due to this increase, the spending of customers on such healthy foods items is rising. As per Savory Yogurt Foods Market Forecast, these are factors that will enhance market demand.
The market growth opportunity
The rising awareness about yogurt benefits will create exceptional market growth opportunities. Today, the lactose intolerant population is consuming yogurt. These lactose-free yogurts create exceptional scope in the market. The availability of such yogurts is rising in many regions.
The awareness for the yogurt is contributing to the overall growth of this market. Further, the rising per capita of the customers is another crucial growth factor. Savory Yogurt Foods Market Growth opportunities are massive in many regions. Especially, the European market is facing the highest amount of yogurt consumption. The major key players are spreading more awareness about the product. These factors contribute to an overall expansion of the savory yogurt market. Further, the rising investments from the yogurt market are another growth factor. There are giant yogurt manufacturers such as nestle who have massive investments.
Due to the investments exposure for the market is high. Furthermore, growing demand in developing nations is another growth opportunity. Regions such as Asia pacific have exceptional growth prospects. The innovation of low-fat yogurt is another crucial development in the market. People who are health conscious will have a higher demand for such yogurts.
The market restraints
Yogurt is an exceptional food item with lots of benefits. It is a calcium-rich food that is natural and healthy. Even though there are lactose-free yogurts it is still a form of a diary. People with dairy intolerance have side effects after consuming yogurt. Due to this factor, the population with diary intolerance has a lesser consumption rate. The less demand from some individuals is a restricting factor in the market.
People with various health concerns have a restriction regarding the consumption of diaries. Due to this, there is a high impact on the yogurt market. Some of the individuals with strict diets have less demand for yogurt. All these factors are a drawback in the savory yogurt food market.
The market challenge
The use of artificial flavours and additives in yogurt is a challenge in this market. These artificial flavours in yogurt can be harmful. The population who are health-conscious may not prefer the artificially flavoured yogurts.
The demand for the market can decline due to this reason. There are naturally flavoured yogurts in the market. However, the high cost leads to lesser awareness of natural yogurt. All these market challenges can impede the overall growth rate of the market.
Cumulative growth analysis
Savory Yogurt Foods Market Trends is stable in the forecast period. Changing eating habits is a crucial driver of this market. Healthy digestion, improved immunity and prevention of other crucial problems are the market drivers. Fruit flavoured drinks market holds the highest number of shares. Also, the low-fat yogurts segment is another crucial driver of the market.
Lactose intolerance restraint of the market is hampering growth. Further, the use of artificial flavours is another challenge in this market. These factors can affect the overall adoption rate of the market. Rising awareness for the product creates promising growth opportunities.
Value chain analysis
North America is the region with the highest Savory Yogurt Foods Market Share. The consumption of yogurt is massive in this region. It is a region with exceptional awareness for yogurt. The low-calorie yogurt market has high significance in this region.
Also, the presence of key players is another factor leading to high growth. There is exceptional scope for the savory yogurt foods market due to its awareness. Every year there is a new development in the yogurt market. Further, investments in key countries such as Canada and US are more. All these developments will create promising growth opportunities.
Savory Yogurt Foods Market by product type
Savory Yogurt Foods Market by type
Savory Yogurt Foods Market by region
The competition in the Savory Yogurt Foods Market is rising. There are various key strategies in the market. Expansion, mergers and collaborations in the market are high. In the upcoming years, there is more innovation in the market. Key players are investing more to expand the product range. Also, rising awareness in the developing regions will create growth opportunities.
Savory Yogurt Foods Market is fragmented into Asia Pacific, Europe, and North America. North America is a region with high growth. Us and Canada are key players in the market with the highest investments. Due to the high consumption of yogurt, this market will witness the highest adoption and expansion rate. Further, Asia Pacific is the market with the next largest shares. The awareness for yogurt is constantly growing.
The naturally flavoured yogurt segment is witnessing high adoption. The product range in the market is expanding. Further, Europe is the market with the largest yogurt consumption. There are lots of giant manufacturers with the highest customer base. The growth of the market is constantly growing due to the performance of market players. The Middle East is another emerging region with high growth scope.
The key players of Savory Yogurt Foods Market are
|Market Size||8.7 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product, Type, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Blue Hill Inc. (U.S.), 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)|
|Key Market Opportunities||Rising awareness about yogurt benefits, Rising number of health-conscious customers|
|Key Market Drivers||
The growth rate of Savory Yogurt Foods Market is 3.89%.
The key players of Savory Yogurt Foods Market are Blue Hill Inc. (U.S.), Skyr Corporation (U.S.), Noosa (U.S.), Wallaby Yogurt Company (U.S.), Chobani LLC (U.S), The Icelandic Milk and Fage International S.A. (Luxembourg).
Savory yogurt foods market is estimated to reach USD 8.7 billion by the year 2030.
Changing eating habits of consumers is the major driver of the global savory yogurt foods market.
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