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Global Yogurt Market to Grow at 6.30% During 2022-2027, Impelled by Rising Health-Consciousness

Published on Jan 11, 2022

According to the latest report by IMARC Group, titled "Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global yogurt market reached US$ 107.2 Billion in 2021. 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. 

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 6.30% during 2022-2027.

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.

 

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