Global Yogurt Market – Industry Trends and Forecast to 2029

Global Yogurt By Type (Flavoured, Non-Flavoured), 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 (Direct Selling/Wholesale, Retail Sales) – Industry Trends and Forecast to 2029.

Market Analysis and Size

The primary factor driving the market in the medium term increased consumer preference for non-dairy, low-calorie, high-protein, and healthier desserts. Furthermore, the growing popularity of low-fat yogurt and the introduction of healthy product variants in various flavours are likely to provide consumers looking for a healthy alternative to desserts with ample options. Furthermore, busy lifestyles and health and wellness concerns drive consumers to choose convenient yogurt as meal replacements.

Data Bridge Market Research analyses that the yogurt market was valued at USD 107.2 billion in 2021 and is expected to reach the value of USD 162.04 billion by 2029, at a CAGR of 5.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report scope and Market Segmentation

Market Definition

Yogurt is a food that is made by bacterial fermentation of milk. It is consumed in many different forms, including beverage, dessert, snacks, protein-rich sports drink, meal replacement, and others. It promotes healthy digestion, lowers the risk of type 2 diabetes, protects against colorectal cancer, and boosts the immune system. The market is expanding as people become more aware of the health benefits of yogurt.

Yogurt Market Dynamics

Drivers

• Rising popularity of low-fat desserts

The rising popularity of low-fat, low-sugar desserts will propel the yogurt market. Furthermore, rising demand for refreshing ice cream alternatives by children and rising consumer health awareness are macroeconomic factors that positively impact the global yogurt market.

• Rising disposable income and rising urbanisation

Aside from that, the introduction of yogurt in a variety of exotic flavours such as blueberry, raspberry, mango, and strawberry, as well as its widespread availability through various online and offline retail channels, are driving up global sales. Furthermore, key players are investing significantly in innovative packaging solutions, such as squeezable tubes and containers with anti-choking caps, creating a positive outlook for the market.

Opportunity

Other factors driving market growth include expanding the retail market in various regions and lowering lactose content for lactose-intolerant people who want to consume dairy products. Yakult, Danone, Nestle, and Chobani are among the major players spreading awareness and promoting yogurt consumption. Conversely, rising demand for yogurt in developing countries due to rising disposable income and increased health awareness is expected to provide numerous opportunities for global market development.

Restraints

However, rising use of artificial additives and ingredients in yogurt is one of the major factors acting as a restraint, and will continue to challenge the yogurt market during the forecast period.

This yogurt market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the yogurt market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Yogurt Market

Yogurt sales initially fell due to COVID-19 restrictions on brick-and-mortar stores. However, major players are attempting to solidify their market position by focusing on e-commerce and online marketing in order to reach consumers across geographical boundaries. Furthermore, the pandemic prompted consumers to seek out immunity-boosting products as well as other fortified products that provide health benefits, resulting in major players improving the composition of their yogurt products by incorporating organic ingredients, making them cholesterol-free, and launching vegan variants with no added preservatives or additives.

Recent Development

• Danone's "Silk" brand will launch a plant-based Greek yogurt in 2021. They announced that after several years of research and development, the company has launched its new silk Greek yogurt in four flavours: strawberry, blueberry, vanilla, and lemon.
• Lactalis India entered the yogurt category in 2021 with the launch of Lactel Turbo, a yogurt drink priced at INR 15.
• Chobani will launch a portfolio of nutritional foods and drinks in 2020, including Probiotic Drinks and Lactose-Free Greek Yogurt Chobani Probiotic.

Global Yogurt Market Scope

The yogurt market is segmented on the basis of type, form, fat content, packaging and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Flavoured
• Non-flavoured

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

• Direct Selling/Wholesale
• Retail Sales

Yogurt Market Regional Analysis/Insights

The yogurt market is analysed and market size insights and trends are provided by country, nature, product type, flavour, price range, sales channel and application as referenced above.

The countries covered in the yogurt market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, UAE, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the yogurt market due to rising weight-loss awareness, rising yogurt consumption, rising retail market expansion, rising public awareness of the health benefits of yogurt, and rising public awareness of healthy food in this region. North America is expected to grow in the yogurt market due to increased awareness, changes in taste and preference, and health concerns, as well as increased spending on these products due to alarming adult obesity rates, growing consumer indulgence in exotic flavours, and significant investments by manufacturers in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and yogurt Market Share Analysis

The yogurt market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to yogurt market.

Some of the major players operating in the yogurt market are:

• Chr. Hansen Holding A/S (Denmark)
• Yakult Honsha Co., Ltd (Japan)
• Nestlé (Switzerland)
• DuPont (U.S.)
• MORINAGA & CO., L.T.D. (Japan)
• BioGaia AB (Sweden)
• Protexin (U.K.)
• Daflorn Probiotics U.K. (U.K.)
• DANONE (France)
• Yakult U.S.A. Inc. (U.S.)
• Deerland Enzymes, Inc. (U.S.)
• UAS Laboratories (U.S.)
• Goerlich Pharma GmbH (Germany)
• SANZYME BIOLOGICS PVT. LTD. (India)
• DSM (Netherlands)
• NutraScience Labs (U.S.)
• Kerry Group plc (Ireland)
• Lallemand Inc. (Canada)
• Lonza (Switzerland)
• Winclove Probiotics (Netherlands)
• Probi (Sweden)