Global Yogurt Market: Overview
According to a new market report published by BlueWeave Consulting (www.blueweaveconsulting.com), the global yogurt market was valued around USD 70.23 Billion in 2017 and is expected to expand at over a CAGR of 4% from 2018 to 2025, by value, reaching around USD 98.23 Billion by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to global yogurt market in 2017.
Rise in awareness regarding the health benefits of Yogurt along of changing lifestyle for healthier life by people is driving the yogurt market
Yogurt is among the most popular fermented dairy products all across the globe. It has great consumer acceptability owing to its various health benefits along with its basic nutrition. Generally, yogurt is considered as a nutrition-enriched food due to its nutrient profile and is a rich source of calcium which provides important amounts of calcium in bio-available form. In addition, it also provides milk proteins which has a higher biological value and provides almost all the crucial amino acids necessary to maintain good health.
Yogurt is a sour food product, often sweetened or flavored, prepared via homogenization and fermentation of pasteurized milk. It is rich in calcium and protein. It is consumed in various forms such as beverage, snacks, meal replacement, dessert, protein-rich sports drink, and different other forms. The increase in awareness of the health benefits of yogurt is a key driver of this market. The health benefits associated with eating yogurt include healthy digestion, lower risk of type 2 diabetes, protection against colorectal cancer, prevention & treatment of osteoporosis, enhanced weight & fat loss, improved immune system, and reduction of high blood pressure & bad cholesterol. Yogurt can be consumed without any changes in the diet pattern and can immediately be introduced as a supplement to the traditional diet as a nutritious and healthy product and thus, will trigger the market growth of yogurt over the forecast period.
Global Yogurt Market: Scope of the Report
The global market for yogurt is segmented by product type, form, packaging type, distribution channel, and geography. The product type is further segmented into Flavoured Yogurt, Regular Yogurt, and Low Fat/ Fat-Free Yogurt. The form is segmented into Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks, and Others. The Packaging type is segmented into Cup, Pouch, Bottles, and Others. The distribution channel is segmented into Supermarkets & Hypermarkets, Convenience Store, and Online Store.
Geographically, the Global Yogurt market is bifurcated into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. The North American Yogurt market was the most prominent market in 2017 with 33% market share and is estimated to grow with a CAGR of 3.8%
Global Yogurt Market: Competitive Dynamics
Major industry players in global Yogurt market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, launches and collaborations for strategic expansion in the Yogurt market. For instance, Nestle had successfully launched Greek yogurt named Grekyo, just after Epigamia entered the Indian market.
Market Segmentation: Global Yogurt Market
By Product Type
- Flavoured Yogurt
- Regular Yogurt
- Low Fat/ Fat-Free Yogurt
- Set Yogurt
- Greek Yogurt
- Frozen Yogurt
- Yogurt Drinks
By Packaging Type
By Distribution Channel
- Supermarket & Hypermarket
- Convenience Store
- Online Store
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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