According to IMARC Group, the global yogurt market size reached US$ 40.6 Billion in 2019. There is currently a significant rise in the number of individuals who are willing to try new food items on account of inflating income levels and the easy availability of imported food products and beverages. Consequently, the leading yogurt manufacturers are focusing on the introduction of innovative product flavors, such as matcha, coconut, blueberry and vanilla bean, to widen their consumer base and expand their product portfolio. These manufacturers are also using non-GMO ingredients and launching product variants with reduced fat and no sweeteners, preservatives or artificial flavors. Apart from this, due to the increasing vegan population, key market players are coming up with plant-based yogurt derived from soy, peas, coconut, almond and cashews. On account of these factors, the market is projected to exhibit moderate growth during 2020-2025.
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Top 6 Yogurt Manufacturers:
Headquarters: Choisy-le-Roi, France
Earlier known as Besnier S.A., Lactalis Group represents one of the largest dairy product manufacturers in France and the second-largest producer of cheese worldwide. It is a family-owned business comprising brands, such as Parmalat, Président, Siggi's Dairy, Skånemejerier, Rachel's Organic and Stonyfield Farm. The company presently operates 65 plants in France and 13 in foreign countries and its products reach 143 countries.
General Mill, Inc.
Headquarters: Minnesota, United States
General Mills, Inc. manufactures and sells branded as well as packaged consumer foods across the globe. The company also supplies branded and unbranded food products to the foodservice and commercial baking industries. Its leading brands include Betty Crocker Dessert Mixes, Gold Medal Flour, Pillsbury Cookie Dough, and Yoplait Yogurt. General Mills, Inc. provides pet food products through its subsidiary Blue Buffalo Pet Products, Inc. Moreover, it operates in four segments, including U.S. Retail, International, Pet operating, and Convenience Stores and Foodservice.
Headquarters: Vevey, Switzerland
Nestlé SA is a nutrition, health and wellness company engaged in the manufacturing, supplying and producing milk-based products, pharmaceuticals, prepared dishes and cooking aids, and ophthalmic goods, baby foods and cereals. The product portfolio of the company includes water, pet care, confectionery, powdered and liquid beverages, milk products and ice cream, nutrition and health science, and prepared dishes and cooking aids. It operates through the following segments: Zone EMENA, Zone Americas, Zone Asia, Oceania & Africa, Nestlé Waters, Nestlé Nutrition, and Other Businesses.
Koninklijke FrieslandCampina N.V.
Headquarters: Amersfoort, Netherlands
Koninklijke FrieslandCampina N.V. is engaged in the production and selling of dairy products. It offers dairy-based beverages, infant nutrition, cheese, desserts, cream and butter products, ingredients, and half-finished products. The company serves infant nutrition, food, and pharmaceutical markets and its major brands include Friesche Vlag, Chocomel, Fristi, Dutch Lady, Milner and Campina.
Headquarters: Paris, France
Danone S.A. is a food processing company engaged in holding directly or indirectly companies, and coordination of the main functions and activities. It operates through four segments, including Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division.
Inner Mongolia Yili Industrial Group Company Limited
Headquarters: Inner Mongolia, People’s Republic of China
Inner Mongolia Yili Industrial Group Company Limited represents one of the world’s most successful dairy companies. It has consecutively ranked No.1 in the Asian dairy industry in the past several years. The company produces milk, powdered milk, ice cream, and other dairy products. Besides this, it also produces frozen food and noodles.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global yogurt market, which has enabled the clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development