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Yogurt Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global yogurt market was worth US$ 38.7 Billion in 2018. The market for yogurt is further projected to reach US$ 51.2 Billion by 2024, growing at a CAGR of 4.8% during the forecast period (2019-2024). Yogurt is a coagulated dairy product made by fermenting milk with yogurt cultures like Lactobacillus bulgaricus and Streptococcus thermophilus. It is a rich source of proteins, calcium, vitamins B6 and B12, riboflavin, potassium and magnesium. As a result of its high nutritional value, yogurt offers several health benefits. It helps in improving immunity, lowering the risk of type 2 diabetes, strengthening bones and teeth, preventing digestive problems, and lowering high blood pressure and bad cholesterol. In recent years, the manufacturers have also introduced a wide variety of probiotic, stirred, creamy and pulp-laced yogurt variants.

Global Yogurt Market Drivers:

  • Yogurt has a low fat and sugar content due to which it is increasingly being preferred by health-conscious consumers. In line with this, manufacturers are offering fortified yogurt products with extra vitamins, minerals and fiber. For instance, Arla Foods has launched a fiber-rich yogurt variant that is high in proteins, low in fats and contains around 27% of the daily recommended intake of calcium.
  • Convenient and innovative packaging formats offer various growth opportunities to the manufacturers. In line with this, they are introducing products such as self-contained froyo balls, squeezable tubes, and containers equipped with anti-choking cap that minimize spills and reduce potential safety hazards.
  • The leading dairy companies are acquiring businesses to expand their presence and market operations worldwide. For example, Lactalis acquired the organic yogurt maker Stonyfield from Groupe Danone, and a US-based dairy brand called siggi’s which specializes in Icelandic style yogurt.


Breakup by Product Type:

  • Set Yogurt
  • Greek Yogurt
  • Yogurt Drinks
  • Frozen Yogurt
  • Others


Currently, set yogurt represents the most popular product type, holding the largest market share. Set yogurt has a firm texture and gets fermented in less time as compared to other yogurt products. It is consumed as a dessert and used as an ingredient in various recipes.

Breakup by Flavors:

  • Strawberry Blend
  • Vanilla
  • Plain
  • Strawberry
  • Peach
  • Others


The market has also been categorized on the basis of flavors. Some of the popular flavors of yogurt include strawberry blend, vanilla, plain, strawberry, peach and others.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others


Amongst these, supermarkets and hypermarkets represent the largest distribution channel as these stores have a wide variety of products from numerous brands. Supermarkets and hypermarkets also offer access to cold storage which is essential for maintaining the shelf-life of perishable dairy products.

Regional Insights:

  • European Union
  • North America
  • Eastern Europe
  • Latin America
  • Others

Region-wise, the European Union is the leading market, followed by North America. The European Union accounts for the largest market share as yogurt is widely consumed in the region as a snack and dessert. Other major regions include Eastern Europe, Latin America and Others.

Competitive Landscape:

The competitive landscape of the market has also been analyzed. It is characterized by the presence of numerous small and large manufacturers. Some of the leading players operating in the market are:

  • Lactalis Group
  • General Mills Inc.
  • Nestle
  • Friesland Campina
  • Danone
  • Yili Industrial Group Co. Ltd.


Key Questions Answered in This Report:

  • How has the yogurt market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global yogurt market?
  • What are the major product types in the global yogurt market?
  • What are the various distribution channels in the global yogurt market?
  • What are the several flavors available in the global yogurt market?
  • What are the price trends of yogurt?
  • What are the various stages in the value chain of the yogurt market?
  • What are the key driving factors and challenges in the yogurt market?
  • What is the structure of the yogurt market and who are the key players?
  • What is the degree of competition in the yogurt market?
  • What are the profit margins in the yogurt market?
  • What are the key requirements for setting up a yogurt manufacturing plant?
  • How is yogurt manufactured?
  • What are the various unit operations involved in a yogurt manufacturing plant?
  • What is the total size of land required for setting up a yogurt manufacturing plant?
  • What are the machinery requirements for setting up a yogurt manufacturing plant?
  • What are the raw material requirements for setting up a yogurt manufacturing plant?
  • What are the packaging requirements for yogurt?
  • What are the transportation requirements for yogurt?
  • What are the utility requirements for setting up a yogurt manufacturing plant?
  • What are the manpower requirements for setting up a yogurt manufacturing plant?
  • What are the infrastructure costs for setting up a yogurt manufacturing plant?
  • What are the capital costs for setting up a yogurt manufacturing plant?
  • What are the operating costs for setting up a yogurt manufacturing plant?
  • What will be the income and expenditures for a yogurt manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Yogurt Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1     Volume Trends
        5.2.2     Value Trends
    5.3    Price Analysis
        5.3.1    Key Price Indicators
        5.3.2    Price Structure
        5.3.3    Price Trends
    5.4    Market Breakup by Type
    5.5    Market Breakup by Flavour
    5.6    Market Breakup by Distribution Channel
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Raw Material Procurement
        5.10.2    Manufacturing
        5.10.3    Marketing
        5.10.4    Distribution
        5.10.5    Exports
        5.10.6    End-Use
    5.11    Porter’s Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    Key Success Factors and Risk Factors
6    Market Breakup by Type
    6.1    Set Yogurt
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Greek Yogurt
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Yogurt Drinks
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Frozen Yogurt
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Others
        6.5.1    Market Trends
        6.5.2    Market Forecast
7    Market Breakup by Flavour
    7.1    Strawberry Blend
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Vanilla
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Plain
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Strawberry
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Peach
        7.5.1    Market Trends
        7.5.2    Market Forecast
    7.6    Others
        7.6.1    Market Trends
        7.6.2    Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Supermarkets/Hypermarkets
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Convenience stores
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Specialty stores
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Online Stores
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Market Breakup by Region
    9.1    European Union
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    North America
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Eastern Europe
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Latin America
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Others 
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
11    Yogurt Manufacturing Process
    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Unit Operations Involved
    11.4    Mass Balance and Raw Material Requirements
12    Project Details, Requirements and Costs Involved
    12.1    Land Requirements and Expenditures
    12.2    Construction Requirements and Expenditures
    12.3    Plant Machinery
    12.4    Machinery Pictures
    12.5    Raw Material Requirements and Expenditures
    12.6    Raw Material and Final Product Pictures
    12.7    Packaging Requirements and Expenditures
    12.8    Transportation Requirements and Expenditures
    12.9    Utility Requirements and Expenditures
    12.10    Manpower Requirements and Expenditures
    12.11    Other Capital Investments
13    Loans and Financial Assistance
14    Project Economics

    14.1    Capital Cost of the Project
    14.2    Techno-Economic Parameters
    14.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    14.4    Taxation and Depreciation
    14.5    Income Projections
    14.6    Expenditure Projections
    14.7    Financial Analysis
    14.8    Profit Analysis
15    Key Player Profiles
    15.1    Lactalis Group
    15.2    General Mills Inc.
    15.3    Nestle
    15.4    FrieslandCampina
    15.5    Danone
    15.6    Yili Industrial Group Co. Ltd.

 

List of Figures

Figure 1: Global: Yogurt Market: Major Drivers and Challenges
Figure 2: Global: Yogurt Market: Volume Trends (in Million Metric Tons), 2011-2018
Figure 3: Global: Yogurt Market: Value Trends (in Billion US$), 2011-2018
Figure 4: Yogurt Manufacturing: Price Structure (in US$/Ton)
Figure 5: Global: Yogurt Market: Average Prices (in US$/Ton), 2011-2018
Figure 6: Global: Yogurt Market: Breakup by Region (in %), 2018
Figure 7: Global: Yogurt Market Forecast: Volume Trends (in Million Metric Tons), 2019-2024   
Figure 8: Global: Yogurt Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 9: Global: Yogurt Market Forecast: Average Prices (in US$/Ton), 2019-2024
Figure 10: Global: Yogurt Industry: SWOT Analysis
Figure 11: Global: Yogurt Industry: Value Chain Analysis
Figure 12: Global: Yogurt Industry: Porter’s Five Forces Analysis
Figure 13: Global: Yogurt Market: Set Yogurt (in Million Metric Tons), 2011 & 2018
Figure 14: Global: Yogurt Market Forecast: Set Yogurt (in Million Metric Tons), 2019-2024
Figure 15: Global: Yogurt Market: Greek Yogurt (in Million Metric Tons), 2011 & 2018
Figure 16: Global: Yogurt Market Forecast: Greek Yogurt (in Million Metric Tons), 2019-2024
Figure 17: Global: Yogurt Market: Yogurt Drinks (in Million Metric Tons), 2011 & 2018
Figure 18: Global: Yogurt Market Forecast: Yogurt Drinks (in Million Metric Tons), 2019-2024
Figure 19: Global: Yogurt Market: Frozen Yogurt (in Million Metric Tons), 2011 & 2018
Figure 20: Global: Yogurt Market Forecast: Frozen Yogurt (in Million Metric Tons), 2019-2024
Figure 21: Global: Yogurt Market: Others (in Million Metric Tons), 2011 & 2018
Figure 22: Global: Yogurt Market Forecast: Others (in Million Metric Tons), 2019-2024
Figure 23: Global: Yogurt Market: Strawberry Blend (in Million Metric Tons), 2011 & 2018
Figure 24: Global: Yogurt Market Forecast: Strawberry Blend (in Million Metric Tons), 2019-2024
Figure 25: Global: Yogurt Market: Vanilla (in Million Metric Tons), 2011 & 2018
Figure 26: Global: Yogurt Market Forecast: Vanilla (in Million Metric Tons), 2019-2024
Figure 27: Global: Yogurt Market: Plain (in Million Metric Tons), 2011 & 2018
Figure 28: Global: Yogurt Market Forecast: Plain (in Million Metric Tons), 2019-2024
Figure 29: Global: Yogurt Market: Strawberry (in Million Metric Tons), 2011 & 2018
Figure 30: Global: Yogurt Market Forecast: Strawberry (in Million Metric Tons), 2019-2024
Figure 31: Global: Yogurt Market: Peach (in Million Metric Tons), 2011 & 2018
Figure 32: Global: Yogurt Market Forecast: Peach (in Million Metric Tons), 2019-2024
Figure 33: Global: Yogurt Market: Other Flavours (in Million Metric Tons), 2011 & 2018
Figure 34: Global: Yogurt Market Forecast: Other Flavours (in Million Metric Tons), 2019-2024
Figure 35: Global: Yogurt Market: Sales through Supermarkets and Hypermarkets (in Million Metric Tons), 2011 & 2018
Figure 36: Global: Yogurt Market Forecast: Sales through Supermarkets and Hypermarkets (in Million Metric Tons), 2019-2024
Figure 37: Global: Yogurt Market: Sales through Convenience Stores (in Million Metric Tons), 2011 & 2018
Figure 38: Global: Yogurt Market Forecast: Sales through Convenience Stores (in Million Metric Tons), 2019-2024
Figure 39: Global: Yogurt Market: Sales through Speciality Stores (in Million Metric Tons), 2011 & 2018
Figure 40: Global: Yogurt Market Forecast: Sales through Speciality Stores (in Million Metric Tons), 2019-2024
Figure 41: Global: Yogurt Market: Sales through Online Stores (in Million Metric Tons), 2011 & 2018
Figure 42: Global: Yogurt Market Forecast: Sales through Online Stores (in Million Metric Tons), 2019-2024
Figure 43: Global: Yogurt Market: Sales through Other Distribution Channels (in Million Metric Tons), 2011 & 2018
Figure 44: Global: Yogurt Market Forecast: Sales through Other Distribution Channels (in Million Metric Tons), 2019-2024
Figure 45: European Union: Yogurt Market (in Metric Tons), 2011 & 2018
Figure 46: European Union: Yogurt Market Forecast (in Metric Tons), 2019-2024
Figure 47: North America: Yogurt Market (in Metric Tons), 2011 & 2018
Figure 48: North America: Yogurt Market Forecast (in Metric Tons), 2019-2024
Figure 49: Eastern Europe: Yogurt Market (in Metric Tons), 2011 & 2018
Figure 50: Eastern Europe: Yogurt Market Forecast (in Metric Tons), 2019-2024
Figure 51: Latin America: Yogurt Market (in Metric Tons), 2011 & 2018
Figure 52: Latin America: Yogurt Market Forecast (in Metric Tons), 2019-2024
Figure 53: Others: Yogurt Market (in Metric Tons), 2011 & 2018
Figure 54: Others: Yogurt Market (in Metric Tons), 2019-2024
Figure 55: Yogurt Manufacturing Plant: Detailed Process Flow
Figure 56: Yogurt Manufacturing Process: Conversion Rate of Feedstocks
Figure 57: Yogurt Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 58: Yogurt Industry: Profit Margins at Various Levels of the Supply Chain
Figure 59: Yogurt Production: Manufacturing Cost Breakup (in %)
 
List of Tables

Table 1: Global: Yogurt Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Yogurt Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 3: Global: Yogurt Market Forecast: Breakup by Flavour (in Million US$), 2019-2024
Table 4: Global: Yogurt Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 5: Global: Yogurt Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: Yogurt Market: Competitive Structure
Table 7: Global: Yogurt Market: Key Players
Table 8: Yogurt Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Yogurt Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Yogurt Manufacturing Plant: Costs Related to Water Treatment System (in US$)
Table 11: Yogurt Manufacturing Plant: Costs Related to Milk Collection, Standardization and Ingredients System (in US$)
Table 12: Yogurt Manufacturing Plant: Costs Related to Raw Milk Homogenization, Sterilization System (in US$)
Table 13: Yogurt Manufacturing Plant: Costs Related to Yogurt Fermentation, Storage System (in US$)
Table 14: Yogurt Manufacturing Plant: Costs Related to Filling System (in US$)
Table 15: Yogurt Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 16: Yogurt Manufacturing Plant: Raw Material Requirements and Expenditures (in US$)
Table 17: Yogurt Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 18: Yogurt Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 19: Details of Financial Assistance Offered by Financial Institutions
Table 20: Yogurt Manufacturing Plant: Capital Costs (in US$)
Table 21: Yogurt Manufacturing Plant: Techno-Economic Parameters
Table 22: Yogurt Manufacturing Plant: Taxation and Depreciation (in US$)
Table 23: Yogurt Manufacturing Plant: Income Projections (in US$)
Table 24: Yogurt Manufacturing Plant: Expenditure Projections (in US$)
Table 25: Yogurt Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 26: Yogurt Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 27: Yogurt Manufacturing Plant: Profit and Loss Account

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