Global Yogurt Market, By Type (Flavored, Non-Flavored), Form (Conventional Yogurt, Greek Yogurt, Set Yogurt, Frozen Yogurt, Yogurt Drinks, Others), Fat Content (Regular, Low Fat, Fat Free), Packaging (Plastic Bottles, Tetra Packs, Others), Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Independent Retailers), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2021-2027 Global Yogurt Market Size - Industry Trends & Forecast Report 2027

  • Published Date: September 2021
  • Report ID: BWC1842
  • Available Format: PDF
  • Page: 195

Report Overview

Health benefits of eating yogurt, such as healthy digestion, protection against colon cancer, reduced risk of diabetes, immune system improvement, and fat loss, have contributed to the growth of global yogurt market.

Global Yogurt Market Size - Industry Trends & Forecast Report 2027

Global yogurt market was worth USD 95.0 Billion in 2020 and is further projected to reach USD 136.2 Billion by 2027, at a CAGR of 5.1% during 2021-2027 (forecast period). Health benefits of eating yogurt, such as healthy digestion, protection against colon cancer, reduced risk of diabetes, immune system improvement, and fat loss, have contributed to the growth of the global yogurt market. Furthermore, with the emergence of the COVID-19 pandemic, consumers have grown more conscious of their health and well-being, resulting in a shift toward a healthier lifestyle, which is helping the yoghurt market grow and thrive.

                                                               Global Yogurt Market                                                                                     

Source: BlueWeave Consulting

Global Yogurt Market Overview:

Yogurt is a healthful food product made from milk fermented by bacteria. This product can be consumed as desserts, protein-rich sports beverages, snacks, meal replacements, and so on. Yogurt offers numerous health benefits, including improved digestion, prevention of type 2 diabetes, colon cancer prevention, and an enhanced immune system. Yogurt sales are driven by increased awareness of healthy foods, a growing health-conscious youth population, and increased disposable income thanks to the law of dual household income.

Growth Drivers

Health benefits of Yogurt

The low-fat content and sugar content of yogurt makes it a preferred product among health-conscious consumers. Producers of yogurt now provide fortified products with more fiber, vitamins, and minerals. Yogurt is a good source of proteins, vitamins, minerals potassium. The health benefits of yogurt, such as improved immunity, reduced risk of type 2 diabetes, stronger bones and teeth, prevention of digestive diseases, and reduction of high blood pressure and bad cholesterol, are all contributing to the market's growth.

Versatile Nature of Yogurt

Yogurt has a versatile nature and available in different forms which is driving its market growth. Yogurt can be used majorly in different types of meals starting from breakfast to dinner. Moreover, there are many flavors of yogurt available such as plain, flavored, or flavored with toppings, and much more. Such versatilities are driving the growth of the yogurt market. Furthermore, yogurt can be consumed by any age group. It is one of the important factors facilitating the growth of the yogurt market in the upcoming years.

Restraint

Having artificial additives and ingredients in yogurts, such as gelatin and stabilizers, can harm human health, thereby limiting the growth of the yogurt market. Lactose intolerance, caused by an inability to digest milk proteins, which results in nausea, bloating, and gas, is also one of the reasons for the decreasing popularity of yogurt. Because of lactose intolerance, people usually avoid yogurt. A growing number of people suffering from lactose intolerance is limiting the growth of the yogurt industry.

Impact of COVID-19 in the Global Yogurt Market

Nearly all industries have been affected by the outbreak of COVID-19 and the yogurt market is no exception. The yogurt market, however, witnessed impressive growth during the pandemic, unlike most other markets. During the pandemic, the consumption of yogurt and other fermented foods, which are rich in probiotics, and helps in improving immunity, grew substantially. Regardless of the shutdown of businesses, social distancing norms, and government programs, the dairy industry played a vital role in producing, processing, packaging, transporting, selling, and delivering dairy products to the consumers. These are some of the key factors that increased the demand for yogurt over the forecast period.

Global Yogurt Market: By Type

Based on types, the global yogurt market is segmented into Flavored and Non-Flavored. Flavored yogurt is the leading contributor and is estimated to maintain its rankings throughout the forecast period. The reason behind the dominance of the flavored category is its pleasant taste and easy accessibility of the products in the stores than non-flavored yogurt. Because yogurt comes in a variety of flavors and textures, consumers are drawn to purchase it. Because of this, the segment holds considerable growth potential and is forecast to remain dominant in the foreseeable future.

Global Yogurt Market: By Distribution Channel

Based on distribution channels, the global yogurt market is segmented into Hypermarkets & Supermarkets, Specialty Stores, and Independent Retailers. Among these segments, Hypermarkets & Supermarkets hold the largest share in the yogurt market. The reason for the segment’s growth is the preference of the people to buy yogurt from supermarkets, as there is higher convenience associated with them. Furthermore, the variety of yogurt available at hypermarkets and supermarkets is fueling growth in the yogurt market.

Global Yogurt Market – Regional Insights

The global yogurt market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa based on the regions. Consumers in the Asia Pacific are becoming more aware of the health benefits of yogurt and the importance of maintaining a healthy diet, which drives the growth of the yogurt market, making the Asia-Pacific region the dominant region in the global yogurt market. The yogurt market is also expected to grow in North America due to rising yogurt consumption, retail market expansion, growing obesity rates, increased demand for fermented products, and consumer appetite for exotic flavors.

Regional Insights

Source: BlueWeave Consulting

Recent Developments

August 2021 - A division of France's Lactalis Group, Lactel India, launched Lactel Turbo Yogurt Drink in Chennai as part of its entry into the yogurt category in India. It will be available in mango or strawberry flavors.

August 2021 - Pillars Yogurt, LLC has introduced Pillars Plant, an organic coconut yogurt with probiotics, into the expanding market for plant-based yogurt. The Pillars Plant 16oz multi-serve cups are available in flavors Vanilla, Mixed Berry, and Strawberry Banana.

Competitive Landscape

Key players in the global yogurt market are Arla Foods amba, Britannia Industries Limited, Chobani LLC, Danone S.A., FAGE International S.A., Frieslandcampina, General Mills Inc., YILI.COM INC., Müller UK & Ireland, Nestlé, Brownes Foods Operations Pty Ltd., Parmalat S.P.A., Sodiaal, Yakult, Yoplait USA INC and China Mengniu Dairy Company Limited and other manufacturers.

Most of the current companies have faced the high risk, which have confirmed in the drop of total volume of sales of dairy products due to the disturbance in consumption, production and supply chain of raw milk.

 

Scope

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South Africa, Saudi Arabia

Product/Service Segmentation

By Product, By Form, By Fat Content, By Packaging, By Distribution Channel, By Region

Key Players

Key players for global yogurt market are Arla Foods amba, Britannia Industries Limited, Chobani LLC, Danone S.A., FAGE International S.A., Frieslandcampina, General Mills Inc., YILI.COM INC., Müller UK & Ireland, Nestlé, Brownes Foods Operations Pty Ltd., Parmalat S.P.A., Sodiaal, Yakult, Yoplait USA INC and China Mengniu Dairy Company Limited and other key manufacturers.

           

 

  • By Type
  • Flavored
  • Non-Flavored
  • By Form
  • Conventional Yogurt
  • Greek Yogurt
  • Set Yogurt
  • Frozen Yogurt
  • Yogurt Drinks
  • Others
  • By Fat Content
  • Regular
  • Low Fat
  • Fat Free
  • By Packaging
  • Plastic Bottles
  • Tetra Packs
  • Others
  • By Distribution Channel
  • Hypermarkets & Supermarkets
  • Specialty Stores
  • Independent Retailers
  • By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Frequently Asked Questions:

Ans: Global yogurt market has reached USD 95.0 Billion in 2020.
Ans: Many health benefits of eating yogurts such as healthy digestion, protection against colon cancer, reduced risk of diabetes, improved immune system, and fat loss are driving the growth of the yogurt market.
Ans: The key players in the global yogurt market are Arla Foods amba, Britannia Industries Limited, Chobani LLC, Danone S.A., FAGE International S.A., Frieslandcampina, General Mills Inc., YILI.COM INC., Müller UK & Ireland, Nestlé, Brownes Foods Operations Pty Ltd., Parmalat S.P.A., Sodiaal, Yakult, Yoplait USA INC and China Mengniu Dairy Company Limited, and other key manufacturers.
Ans: The Flavored segment accounted for the largest share in the global yogurt market based on types.
Ans: Hypermarkets & Supermarkets are growing at a higher rate in the global yogurt market.