Flavored yogurt Market Analysis, Competitive Insight, Key Drivers and Regional Dynamics

According to a new report published by Allied Market Research, titled " Flavored yogurt Market by Type, Application, and Form: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global flavored yogurt market size was at $63.6 billion in 2018 and is anticipated to reach $92.3 Billion by 2026, with a CAGR of 4.8% during the forecast period.

▶ 𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/6249

The market is expected to exhibit an incremental revenue opportunity of $28.7 billion from 2018 to 2026. Strawberry, vanilla, peach, and blueberry are the most popular yogurt flavors preferred by consumers due to their characteristic aroma and taste. Flavored yogurt is a popular choice of breakfast, snack, dessert, and beverage among health-conscious consumers. Due to their busy lifestyles, consumers have shifted their preference towards the consumption of convenience food products. Owing to the nutritional properties and wide range of flavors and product types available, flavored yogurt has become one of the most preferred choices of convenience food among consumers.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐃𝐚𝐧𝐨𝐧𝐞
𝐍𝐞𝐬𝐭𝐥𝐞
𝐂𝐡𝐨𝐛𝐚𝐧𝐢 𝐋𝐋𝐂
𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐌𝐢𝐥𝐥𝐬
𝐀𝐫𝐥𝐚 𝐅𝐨𝐨𝐝𝐬
𝐌ü𝐥𝐥𝐞𝐫
𝐅𝐚𝐠𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒.𝐀.
𝐒𝐭𝐨𝐧𝐲𝐟𝐢𝐞𝐥𝐝 𝐅𝐚𝐫𝐦 𝐈𝐧𝐜.
𝐄𝐦𝐦𝐢 𝐆𝐫𝐨𝐮𝐩
𝐂𝐚𝐛𝐨𝐭 𝐂𝐫𝐞𝐚𝐦𝐞𝐫𝐲.

▶ 𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 : https://www.alliedmarketresearch.com/connect-to-analyst/A16896

The growth of the flavored yogurt market is propelled by the growing awareness of the health benefits of yogurt. Active and health-conscious consumers have shifted their preference toward nutritional food products, including flavored yogurt and other dairy products. Yogurt is a rich source of various essential nutrients, including calcium, protein, phosphorus, potassium, and vitamins. It is also suitable for fortification to enhance the nutritional value of yogurt and flavor addition to enhance the taste and visual appeal of the product.

The flavored yogurt market is segmented on the basis of flavor, distribution channel, type, and region. Based on flavor, the flavored yogurt market is categorized into strawberry, vanilla, peach, blueberry, and others. Strawberry has been the most preferred choice of flavored yogurt among consumers due to its fresh color, characteristic sweet taste, and smooth texture. The strawberry segment was valued at $25.8 billion and is expected to grow with a CAGR of 4.3% from 2019 to 2026, reaching $36.1 billion by 2026. The blueberry segment is estimated to be the fastest-growing segment, with a CAGR of 5.8% during the forecast period. 

On the basis of distribution channel, it is categorized into supermarkets and hypermarkets, convenience stores, e-commerce, and others. The supermarket/hypermarket segment led the flavored yogurt market in terms of distribution channel and is expected to grow with a CAGR of 4.8% during the forecast period. The segment is expected to reach $33.8 billion by 2026. The e-commerce segment is anticipated to be the fastest-growing segment during the flavored yogurt market forecast. Growing smartphone penetration and a growing number of consumers seeking convenient lifestyles are likely to drive the flavored yogurt market through e-commerce distribution channels. 

On the basis of type, the conventional segment held a significant share in the global market in 2018. However, the organic segment is expected to grow at a higher CAGR, owing to an increase in consumer inclination towards organic food products. In addition, growing knowledge and awareness about the ill effects of synthetic chemicals on the health of consumers further adds to its market attractiveness.

On the basis of region, flavored yogurt industry is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). This can be attributed to the high per capita consumption of flavored yogurt in the majority of the countries in Europe, including Germany, France, Italy, and the UK, among others. Consumers in the region are attracted by the new flavors and textures of the flavored yogurts, which has led to the growth of the market in the region. Furthermore, Asia-Pacific is expected to witness the highest CAGR, owing to the rising awareness of the health benefits of flavored yogurt. 

▶ 𝐁𝐔𝐘 𝐍𝐎𝐖 : https://www.alliedmarketresearch.com/checkout-final/536e6ac70db438e05183f2e82a4cbede

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐅𝐥𝐚𝐯𝐨𝐫𝐞𝐝 𝐘𝐨𝐠𝐮𝐫𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 

The flavored yogurt market was valued at $ 63.6 billion in 2018 and is estimated to reach $92.3 billion by 2026, growing at a CAGR of 4.8% during the forecast period.

By type, the organic segment is estimated to witness the fastest growth, registering a CAGR of 11.6% during the forecast period.

In 2018, by distribution channel, the supermarket/hypermarket segment held the highest share, accounting for one-third of the global flavored yogurt market share.

In 2018, Germany was the most prominent market in the Europe region and is expected to grow at a significant CAGR throughout the forecast period

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