Global Yogurt Market to Grow at 6.39% During 2023-2028, Impelled by Rising Health-Consciousness

January 11, 2022 | Food & Beverages

According to the latest report by IMARC Group, titled "Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global yogurt market reached a value of US$ 113.5 Billion in 2022. Yogurt is a type of dairy product that is obtained by fermenting milk with various live bacteria cultures, such as Streptococcus thermophilus and Lactobacillus bulgaricus. The culture ferments the lactose to produce lactic acid, which provides yogurt its distinctive flavor. Yogurt contains calcium, riboflavin, vitamins B6 and B12, potassium, and magnesium. This nutritional profile offers several health benefits, including boosting immunity, improving digestion, strengthening bones, protecting against colorectal cancer, lowering the risks of various cardiovascular diseases, and reducing bad cholesterol.

Global Yogurt Market Trends:

The increasing popularity of yogurt as a nutrient-rich snack can be attributed to the growing health-consciousness amongst consumers and the rising awareness regarding the benefits associated with the product. This represents the key factor driving the market growth. In line with this, the increasing demand for functional foods, such as yogurt, especially during the coronavirus disease (COVID-19) pandemic, is acting as another major growth-inducing factor. This trend has further prompted manufacturers to introduce novel product variants, such as low-fat, non-dairy, vegan, pulp-laced, probiotic, and Greek yogurt, which is supporting the market growth. Besides this, the launch of yogurt in several exotic flavors, including blueberry, raspberry, mango and strawberry, along with its easy availability through various online and offline retail channels are further inflating its overall sales across the globe. Moreover, key players are investing considerably to provide innovative packaging solutions, such as squeezable tubes and containers equipped with anti-choking caps, which is creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 6.39% during 2023-2028.

Market Summary:

  • Based on the product type, the market has been divided into set, greek, frozen yogurt, yogurt drinks, and others. Currently, yogurt drinks represents the most popular product type, holding the largest market share.
  • On the basis of the flavor, the market has been categorized into strawberry blend, vanilla, plain, strawberry, peach and others.
  • Based on the distribution channel, the market has been segmented into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others. Amongst these, supermarkets and hypermarkets represent the largest distribution channel.
  • Region-wise, the Asia Pacific is the leading market, followed by North America, European Union, Eastern Europe, Latin America, and others. 
  • The competitive landscape of the market has also been examined, with some of the key players being Lactalis Group, General Mills Inc., Nestle, Friesland Campina, Danone, and Yili Industrial Group Co. Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion, Million Metric Tons
Segment Coverage Product Type, Flavor, Distribution Channel, Region
Region Covered Asia Pacific, European Union, North America, Eastern Europe, Latin America, Others
Companies Covered Lactalis Group, General Mills Inc., Nestle, Friesland Campina, Danone and Yili Industrial Group Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Yogurt Market to Grow at 6.39% During 2023-2028, Impelled by Rising Health-Consciousness
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