Global Low-Fat Yogurt Market to Reach US$ 37.1 Billion by 2028, Stimulated by Increasing Consumer Preference for Healthy Snacking

August 18, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Low-Fat Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global low-fat yogurt market size reached US$ 20.2 Billion in 2022. Low-fat yogurt is a dairy product that undergoes a process to reduce the fat content while retaining the creamy texture and tangy flavor characteristic of traditional yogurt. It is a rich source of essential nutrients, such as calcium, protein, vitamins, and minerals. It is a suitable choice for individuals seeking to manage their calorie intake and maintain a balanced diet without sacrificing taste or nutritional value. It assists in promoting bone health and supporting the overall wellness of individuals. As it is widely utilized by individuals with cardiovascular concerns or lactose intolerance, the demand for low-fat yogurt is increasing across the globe.

Global Low-Fat Yogurt Market Trends:

At present, the rising demand for flavored low-fat yogurt that provides enhanced taste represents one of the major factors contributing to the growth of the market. Additionally, the increasing consumer preference for health snacking is strengthening the growth of the market. Apart from this, the growing demand for low-fat yogurt due to the rising number of health-conscious consumers is positively influencing the market. Moreover, the increasing consumption of low-fat yogurt, as it assists in improving digestion among individuals, is bolstering the growth of the market. Besides this, the wide availability of low-fat yogurt through online and offline distribution channels across the globe is supporting the growth of the market. Looking forward, the market value is projected to reach US$ 37.1 Billion by 2028, expanding at a CAGR of 10.28% during 2023-2028.

Market Summary:

Based on the type, the flavored (cherry, strawberry, mango, and others) exhibits a clear dominance in the market, followed by unflavored.
On the basis of the nature, the market has been bifurcated into organic and conventional.
Based on the distribution channel, the market has been segregated into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others. At present, supermarkets and hypermarkets represent the biggest market share.
Region-wise, the market has been segmented into North America (United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being Chobani LLC, CP-Meiji Company Ltd., Danone S.A., Fage International S.A., General Mills Inc., Juhayna Food Industries, Lausanne Dairies, Muller UK & Ireland Group, Nestlé S.A., Parmalat S.p.A. (Lactalis American Group Inc), and Tillamook.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type Nature Distribution Channel Region
Types Covered	Flavored: (Cherry, Strawberry, Mango, Others) Unflavored
Natures Covered	Organic, Conventional
Distribution Channels Covered	Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Chobani LLC, CP-Meiji Company Ltd., Danone S.A., Fage International S.A., General Mills Inc., Juhayna Food Industries, Lausanne Dairies, Muller UK & Ireland Group, Nestlé S.A., Parmalat S.p.A. (Lactalis American Group Inc) and Tillamook
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Global Low-Fat Yogurt Market to Reach US$ 37.1 Billion by 2028, Stimulated by Increasing Consumer Preference for Healthy Snacking

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