Yogurt Market | General Mills Inc., Nestle S.A., Danone, Yakult Honsha Co. Ltd., Ultima Foods, Inc., Chobani, LLC

The versatile nature of yogurt and its in different forms is expected to drive the market growth. Yogurt is consumed widely in all types of meals from breakfast to lunch and to dinner. Moreover, it is available in different flavors such as plain, flavored, with toppings, etc. which is also driving growth of the yogurt market. Moreover, consumption of yogurt is not limited to particular age of customers, yogurt are consumed by almost every age group of customers. This is another major factor propelling the market growth of the yogurt during the forecast period.

The easy availability of key ingredients used in the preparation of yogurt is projected to facilitate the market growth. Fruits, milk, sugars, stabilizers, flavors and bacterial culture, are some of the key ingredients used in the manufacturing of yogurt and all these ingredients are easily available at the regional level. Convenience of procuring ingredients, coupled with the increasing development of new products by major producers is projected to propel the demand for yogurt in near future.

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Detailed Segmentation:

Global Yogurt Market, By Form:
Set
Strained/Greek
Drinking
Frozen

Global Yogurt Market, By Type:
Fruit
Regular/Plain
Low Fat & Fat Free
Flavoured

Global Yogurt Market, By Distribution Channel:
Hyper/Supermarkets
Retail Stores
Convenience Stores
Online

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Growing demand for low fat and fat-free yogurt among health-conscious consumers is expected to serve as a key growth opportunity in near future. Improving standard of living and growing purchasing power among the population has led to an increase in demand for healthy food products. Also, the growing prevalence of lifestyle disorders such as obesity, cardiovascular, and diabetes is expected to drive demand for healthy foods, and thereby facilitate the market growth.

The expansion of the retail industry around the globe is increasing product availability. This is expected to offer potential growth opportunities to players operating in this market. According to the India Brand Equity Foundation, the retail industry in India reached US$ 950 billion in 2018 at a CAGR of 13%; and is expected to reach US$ 1.1 trillion by 2020. Moreover, revenue generated from online retail is projected to reach US$ 60 billion by 2020. Thus, expansion of the retail industry is expected to foster the market growth.

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This release was published on openPR.