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The global yogurt market reached a value of US$ 107.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 154 Billion by 2027, exhibiting a CAGR of 6.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global yogurt market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, flavor and distribution channel.
Breakup by Product Type:
Currently, yogurt drinks represent the most popular product type, holding the largest market share. Yogurt drinks have gained traction among consumers as they offer probiotic properties and are widely preferred as a healthy beverage.
Breakup by Flavor:
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:
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.
Region-wise, the Asia Pacific is the leading market, accounting for the majority of the total market share. Yogurt is widely consumed in the region as a healthy snack and dessert. Other major regions include European Union, North America, Eastern Europe, Latin America and Others.
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:
|Base Year of the Analysis||2021|
|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
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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)|
Key Questions Answered in This Report:
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