Flavored Yogurt Market Share Observational Studies by Top Companies & Forecast by 2027
Highlights
Yogurt is a semi-solid food product, obtained by
the fermentation of milk. Yogurt is considered to be a healthy food item as it
has high protein content. Many commercially manufactured yogurts are low in
fats, making it a suitable option for health-conscious people. Yogurt also has
a high percentage of potassium, which lowers the chances of kidney stone and
helps to reduce blood pressure. According to the research, conducted by the
University of Washington, yogurt reduces the risk of bowel cancer. Yogurt
manufacturers are continuously focusing on developing new flavors of yogurts to
offer a unique taste and attract new customers. Owing to such factors, it is
expected that the global flavored yogurts market will grow at a robust rate
during the forecast period. The global flavored yogurts market is expected to
register a CAGR of 5.4% from 2019 to 2024 and reach USD 77.5 Billion by the end
of 2024.
Based on flavor, the global flavored yogurt market share
has been segmented into vanilla, blueberry, strawberry, raspberry, mango, and
others. The vanilla segment is expected to dominate the global flavored yogurt
market during the review period due to the high preference for vanilla among
consumers.
The global flavored
yogurt market share has been divided, by product type, into conventional,
fat-free, and low fat. The conventional segment is expected to dominate the
market during the review period as it is comparatively inexpensive than
fat-free yogurt. However, the low-fat segment is projected to register the
highest CAGR during the forecast period due to the health benefits offered such
as lower calories per gram of yogurt.
On the basis of distribution channel, the global
flavored yogurt market has been bifurcated into store-based and
non-store-based. The store-based segment has been further classified as
hypermarkets and supermarkets, convenience stores, and others. The store-based
segment is expected to account for the larger market share during the forecast
period due to the increasing availability of a wide variety of yogurts from
different key players and discounts offered. The non-store-based segment is
expected to register the higher CAGR during the assessment period owing to the
technological advancements in the e-commerce industry and growing consumer
preference for online purchase.
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Key Players
Some of the key players in the global flavored
yogurt market are Saputo Inc (Canada),
Valio Ltd (Finland), Arla Foods amba (Denmark), Juhayna Food Industries
(Egypt), Société
des Produits Nestlé S.A. (Switzerland),
Chobani LLC. (US), General Mills Inc. (US), Sweet Frog Enterprises LLC (US),
Red Mango FC LLC (US), Danone S.A. (France), Mother Dairy Fruit &
Vegetable Pvt. Ltd. (India), Groupe Lactalis (France), Mrs. Fields’
Original Cookies Inc (US), Emmi Group AG (Switzerland), and Dean Foods Company
(US).
Regional Analysis
The global flavored yogurt market has been
segmented, by region, into North America, Europe, Asia-Pacific, and the rest of
the world.
The market in North America is expected to dominate
the global flavored yogurt market during the forecast period. This can be
attributed to widespread awareness about the benefits of yogurts and the
increasing adoption of healthy lifestyles. The presence of many yogurt
manufacturers, continuously developing new flavors, is projected to boost the
growth of flavored yogurt in the regional market.
The market in Asia-Pacific region is expected to
register the highest CAGR during the review period due to the increasing per
capita disposable incomes and rising consumption of ready-to-eat foods.
Moreover, due to the availability of low-fat yogurt, it is being consumed as
snack by a large section of the populations in countries like China and Japan.
NOTE:
Our Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
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