Global Organic Yogurt Market: Flavored Yogurt Shows Stellar Growth During the 2017-2022 Timeline
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Bringing about extensive product innovations for overall development also is another prime strategy implemented by many businesses working in the global organic yoghurt market. Stonyfield Farm, Inc., Ben & Jerry's Homemade Inc., BJ's Wholesale Club, Whole Foods Market Inc., Aurora Organic Dairy, Horizon Organic Holding Corp., Kroger Co., Purity Foods, Inc., Safeway Inc., Wallaby Yogurt Company, and Inc., are key players operating in this market.
The organic yoghurt market is expected to reach a valuation of US$15.5 bn by the end of the forecast period in 2022. This growth is expected to occur at a stellar CAGR of 13.1% from 2017 to 2022.
Rising Awareness about Organic Food Benefits Drives Market
The high nutritional content of organic foods has made many consumers prefer buying organic yoghurt compared to the synthetically processed varieties, consequently boosting the global organic yoghurt market’s growth. Many consumers think of organic yoghurt as a super-food, which of course works in favor of the market’s growth. An extensive rise in awareness about the health benefits of organic products among the masses is also propelling the market to grow at an impressive pace.
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Changing lifestyles have given rise to the generation of fitness freaks, who also take care of their diet along with regular exercising and other outdoor activities. Making organic foods a part of daily diets is occurring on a frequent basis among consumers, consequently driving the global organic yoghurt market. Users are paying high attention to read the nutritional ingredients that are depicted on labels stuck on most products. This is one of most significant factors that is expected to drive the global organic yoghurt market in the near future.
Volatility in Raw Material Availability and Costs Hinders Growth
However, volatility in costs and availability of organic products has been notably restraining the global organic yoghurt market in recent times. Fluctuation in production capacity of organic products might disturb the demand and supply rates, thus posing as a key challenge to the market’s growth. Briskly increasing junk food consumption had caused negligence in various communities to stay health and fit. This has ultimately led towards less consumption of protein-rich, healthy foods, thereby restraining the organic yoghurt market up to a certain extent. Nevertheless, numerous manufacturers are coming up with less costly products, which is expected to nullify the effects of restraints affecting the market in the near future.
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