Press release
Dairy Dessert and Yogurt Market Size 2024 to 2031.
Market Overview and Report CoverageThe Dairy Dessert and Yogurt Market includes a wide variety of products such as ice cream, frozen yogurt, and traditional yogurt. These products are consumed by people of all ages as a versatile and delicious treat. With growing awareness towards health and wellness, there has been a shift towards healthier options in this market such as low-fat and probiotic-rich yogurt.
The future outlook of the Dairy Dessert and Yogurt Market appears promising with a projected growth at a CAGR of 9.90% during the forecasted period. Factors contributing to this growth include increasing disposable income, changing lifestyles, and a growing preference for convenient and on-the-go snacks. Additionally, the rising demand for dairy products with functional benefits such as digestive health and immunity support is expected to drive the market further.
Innovation in flavors and packaging, as well as the introduction of new product lines, are also anticipated to attract more consumers and enhance market growth. Furthermore, the expansion of distribution channels and increasing investments in marketing and advertising activities are likely to boost the Dairy Dessert and Yogurt Market in the coming years. Overall, the market shows great potential for growth and profitability in the foreseeable future.
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Market Segmentation
The Dairy Dessert and Yogurt Market Analysis by types is segmented into:
• Butter
• Cheese
• Cream
• Yogurt
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Dairy dessert and yogurt market includes a variety of products such as butter, cheese, cream, and yogurt. Butter is a dairy product made from milk fat, commonly used in cooking and baking. Cheese is a fermented dairy product made by curdling milk and separating the whey. Cream is a high-fat component of milk that is used in cooking and as a topping. Yogurt is a cultured dairy product made by fermenting milk with live bacteria cultures, known for its probiotic properties.
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The Dairy Dessert and Yogurt Market Industry Research by Application is segmented into:
• Household
• Commercial
Dairy desserts and yogurt are popular choices in both household and commercial markets. In households, these products are enjoyed as snacks or desserts by individuals and families. In the commercial market, dairy desserts and yogurt are served in a variety of establishments such as restaurants, cafes, and hotels. These products cater to a wide range of consumers seeking convenient and nutritious options. Both household and commercial markets offer a variety of flavors and types to meet the diverse preferences of consumers.
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In terms of Region, the Dairy Dessert and Yogurt Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Dairy Dessert and Yogurt market?
The global dairy dessert and yogurt market is experiencing several emerging trends, including a growing demand for plant-based alternatives, such as almond and coconut milk yogurt. Consumers are also seeking healthier options with reduced sugar and fat content, leading to the development of low-fat and sugar-free dairy desserts and yogurts. Additionally, there is a rising interest in ethnic flavors and unique combinations, as well as innovative packaging designs to attract consumers. The market is also seeing an increase in online sales and home delivery services, providing convenience and accessibility to a wider range of products.
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Major Market Players
Danone is a multinational food-products corporation that was founded in 1919 in Barcelona, Spain. It is one of the leading players in the global dairy dessert and yogurt market, with a strong presence in Europe, North America, and Asia. Danone has a wide range of dairy products, including yogurt, milk, and cheese, under brands like Activia, Actimel, and Oikos. The company has experienced steady market growth over the years, driven by its focus on innovation and health-oriented products.
General Mills is another key player in the dairy dessert and yogurt market, with a long history dating back to 1866. The company offers a variety of yogurt products under the Yoplait brand, which is known for its wide range of flavors and textures. General Mills has a strong market presence in North America and Europe and has been expanding its reach to emerging markets in recent years.
Chobani, founded in 2005, has quickly emerged as a major player in the yogurt market, known for its Greek yogurt products. The company has experienced rapid growth since its inception, fueled by its focus on natural ingredients and innovative flavors. Chobani has a significant market share in North America and has been expanding its presence in international markets as well.
In terms of sales revenue, Danone reported total sales of approximately €24.7 billion in 2020, while General Mills reported net sales of $17.6 billion in the same year. Chobani's annual revenue is estimated to be around $2 billion. These figures highlight the significant market size and competitiveness of these key players in the global dairy dessert and yogurt market.
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