Press release
Flavored Yogurt Global Market Size, Share, Emerging Trends, Key Growth, Challenges and Forecast By 2033 | Danone SA, Chobani LLC, Arla Foods AMBA, Parmalat SpA, General Mills Inc.
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Flavored Yogurt Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $63.22 billion In 2028 At A CAGR Of 22.8% :
The flavored yogurt market size has grown strongly in recent years. It will grow from $56.43 billion in 2023 to $60.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to health and nutrition trends, dairy-free alternatives, clean label movement, snack culture emergence.
The flavored yogurt market size is expected to see strong growth in the next few years. It will grow to $82.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to innovative consumption formats, personalization and customization, transparency in health claims, exploration of dairy sources, eco-friendly packaging. Major trends in the forecast period include functional ingredients integration, variety in flavors, convenience and portability, plant-based alternatives.
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Flavored Yogurt Market Major Segments
The flavored yogurt market covered in this report is segmented -
1) By Type: Organic, Conventional
2) By Form: Spoonable, Drinkable
3) By Flavor: Strawberry, Blueberry, Vanilla, Peach, Other Flavors
4) By Distribution Channel: Supermarket, Convenience Stores, Online, Other Distribution Channels
5) By End Use: Food And Beverage Industry, HoReCa (Hotel, Restaurant, Cafe), Household Retail
Key Driver - The Surge In Health Consciousness Driving The Flavored Yogurt Market
The increasing health consciousness among consumers is expected to drive the growth of the flavored yogurt market going forward. Health-conscious consumers (HCCs) are those consumers that live a 'wellness-oriented' lifestyle and are worried about their environment and nutrition. Health-conscious consumers are interested in the consumption of healthier products such as yogurt which supports digestive health and weight consciousness. For instance, according to a survey result published in January 2021 by Public Health England (PHE), an England-based government agency for health and social care, a survey of more than 5000 adults showed that 7 in 10 adults were motivated to make healthier lifestyle changes owing to COVID-19 pandemic while 8 in 10 adults aged over 18 decided to alter their lifestyle in 2021. Around 43% of adults feel more motivated to make changes to their life as compared to last year. Therefore, the increasing health consciousness among consumers will propel the demand for flavored yogurt.
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Prominent Trend - Pioneering Product Offerings And Plant-Based Delights In The Flavored Yogurt Market
Product innovations have emerged as a key trend gaining popularity in the flavored yogurt market. Major companies operating in the market are focused on innovating new products such as plant-based yogurt to offer sustainable product options while providing the same health benefits to consumers. For instance, in March 2023, So Delicious Dairy Free, a US-based producer of dairy-based food products launched its innovative new 0g Added Sugar Coconutmilk Yogurt Alternative. Being one of the first yogurts substitutes to get its sweetness from fruit, the delectable 0g Added Sugar Coconutmilk Yogurt Alternative is redefining the yogurt section. The 0g Added Sugar Coconutmilk Yogurt Alternative is non-GMO Project verified and certified vegan. It is free of dairy, added sugar, and other artificial sweeteners.
Flavored Yogurt Market Players
Major companies operating in the flavored yogurt market report are Danone SA, Groupe Lactalis SA, Chobani LLC, Arla Foods AMBA, Emmi Nederland BV, Ultima Foods Inc., Nestlé SA, Sodiaal Union, Theo Müller Group, Parmalat SpA, Rainy Lanes Dairy Foods Limited, Chi Limited, Cargill Incorporated, Mother Dairy Fruit & Vegetable Private Limited, Britannia Nutrition Foundation Co., General Mills Inc., Stonyfield Farm Inc., Valio Ltd., Brown Cow Farm, Cascade Fresh Inc., Ellenos Real Greek Yogurt Co., FAGE International S.A., Forager Project LLC, Horizon Organic Inc., Icelandic Provisions Inc., Liberté Inc., Lifeway Foods Inc., Mountain High Inc., Nancy's Yogurt, Noosa Yoghurt
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Largest And Fastest Growing Region In The Market
Europe was the largest region in the flavored yogurt market in 2023. The regions covered in the flavored yogurt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flavored Yogurt Market Report Structure
3. Flavored Yogurt Market Trends And Strategies
4. Flavored Yogurt Market - Macro Economic Scenario
5. Flavored Yogurt Market Size And Growth
…..
27. Flavored Yogurt Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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