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

People all over the world are becoming more heath conscious and choosing healthy diet to maintain a healthy lifestyle. Yogurt, being a source of nutrients required for maintaining good health and several other benefits associated with it, is gaining preference among the population irrespective of age, gender and region. Further, over the years, the consumption of yogurt has gone from strength to strength at different meal occasions — from breakfast to lunch and supper to dinner, becoming the favourite among consumers from all age groups.

The availability of yogurt in different product forms, tastes, i.e. plain, flavoured, with toppings, etc. has helped the product to become a universal dairy product. Since yogurt is easy to swallow, it is considered as a key protein source for young children and elderly persons. The emergence of yogurt as a food product, consumption of which is not limited to particular meal time or consumers, is expected to drive its demand over the coming years

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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.