The Yogurt Market is estimated to reach USD 138 billion by the end of 2027, growing at a CAGR of 10% over the forecast period (2020-2027).
The factors driving the growth of Yogurt Market includes raising awareness amongst consumers about the health benefits of yogurt, increasing cases of obesity across the globe and rapid growth in the sales of lactose free yogurt products. As per the report published by World Health Organization (WHO), in 2016 more than 1.9 billion adults were estimated to be overweight, out of which 650 million people were obese and around 2.8 million people die every year due to obesity, which is pushing consumers across the globe to add yogurt in their diets. Moreover, rise in the launch of innovative products, easy availability of flavored yogurt products at online platforms, growing demand for low fat & fat-free yogurt products and increasing consumer preference for organic and minimally processed food, are some of the additional factors supplementing the Yogurt Market size. In addition, the increasing investments by leading players on research and development, rise in the number of shopping malls and grocery products, rapid urbanization, and growing population growth rates, are further contributing to the market growth.
However, the growth of Yogurt Market is hindered due to additives and preservatives in yogurt products.
The major players operating in the market are Dean Foods Company, Valio Ltd, Juhayna Food Industries, Mother Dairy Fruit & Vegetable Pvt Ltd, Lactalis Group, Amul, Arla Foods, CoolBrands International Inc, Emmi Group and Saputo Inc., among others.
Based on Type, the Greek Yogurt segment is predicted to expand at a significant CAGR during the forecast period
Rise in the launch of new flavors of Greek yogurt products such as mango, strawberry, and blueberry, are propelling the segment’s growth.
Based on Distribution Channel, the Supermarkets/Hypermarkets segment is projected to grow at a remarkable CAGR over the forecast period
As per the Yogurt Market Research Report, Supermarkets offer different variety of yogurt products, provide huge discount to their regular customers with free delivery options, are some of the factors responsible for the segment’s growth.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
Growing demand for new flavors of yogurts, rising consumers inclination towards adopting healthy diets, increasing preference for natural or organic products and rapid urbanization, are some of the important factors augmenting the market growth in North America.
Global Yogurt Market by Type
Global Yogurt Market by Distribution Channel
Global Yogurt Market by Region
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