Yogurt Market: Low Fat & Fat Free Yogurt Segment Inclined Towards High Growth-Low Value in the North America Regional Market

One can assume that almost every other new recipe developed by culinary experts from all corners of the world will contain some significant contribution of milk or its derivatives. Yogurt continues to be one such by-product of milk that has gained worldwide prevalence for being a key ingredient in specialised production of foods & beverages. The world has acclimated itself to a daily or regular consumption of yogurt in moderate volumes.

A recent study conducted by Future Market Insights revealed that by the end of 2016, more than 37,000 KT of yogurt was consumed across the globe. People from all walks of life have cultured a taste for yogurt drinks & beverages. So much so that yogurt has become an integral part of consumers’ daily diets.

At present, Future Market Insights values the global yogurt market at US$ 86.9 Bn, expects it to soar at 10% CAGR, and bring in US$ 232.1 Bn revenues by the end of 2026.

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Apropos such projections, the demand for yogurt products in the world is bound to surge, compelling food & beverage makers to extend their production capacity, and concurrently improve their offerings for yogurt consumers.

The report also reveals that easy availability of raw ingredients has stimulated large-scale production of yogurt, allowing manufacturers to increasing production of various types of yogurt products. In 2016, global consumption of fruit-based yogurt reached an estimated 3,591.2 KT. While regular or plain yogurt will keep garnering consistent demand, global sales of low fat & fat-free yogurt are anticipated to grow at 10.2% CAGR.

Although, bland-tasting regular yogurt will keep losing its market presence as a majority of global yogurt consumers will demand some flavours in these products. Throughout the forecast period, flavoured yogurt are anticipated to account for more than half of global revenues.

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Key findings in the report indicate that almost every other yogurt product in the world will be consumed in form of drinks. While demand for strained or Greek yogurt is also considerably high, more than 40,000 KT on yogurt will be consumed as drinks or beverages by the end of 2026.

The report compiles leading manufacturers of yogurt in the world. These include US-based companies such as General Mills, Inc., Chobani, LLC, Kraft Foods Group, Inc., and Canada’s Ultima Foods Inc.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

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This release was published on openPR.