Yogurt is a sour food product, often sweetened or flavored, prepared via homogenization and fermentation of pasteurized milk. It is rich in calcium and protein. It is consumed in various forms such as beverage, snacks, meal replacement, dessert, protein-rich sports drink, and different other forms. The increase in awareness of the health benefits of yogurt is a key driver of this market. The health benefits associated with eating yogurt include healthy digestion, lower risk of type 2 diabetes.
According to a new market report published by BlueWeave Consulting, the Global Yogurt Market was valued around USD 70.23 Billion in 2017 and is expected to expand at over a CAGR of 4% from 2018 to 2025, by value, reaching around USD 98.23 Billion by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the global yogurt market in 2017.
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Global Yogurt Market: Competitive Dynamics
The Global Yogurt Market is dominated by a number of players, amongst them, the major players are DANONE SA, General Mills, Inc., and Sodiaal, Chobani LLC, and FAGE International S.A. Companies in this industry are following different strategies to strengthen their market position. The manufacturing companies are expected to increase spending on the development of new products. As a result, the companies are likely to collaborate with buyers located in the consumer goods industry for research & development.
Global Yogurt Market: Scope of the Report
On the basis of the type of product type, the market is segmented into Flavoured Yogurt, Regular Yogurt & Low Fat/ Fat-Free Yogurt. Based on the form of yogurt, the market is segmented into Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks, and Others. Further, the market is bifurcated, on the basis of packaging type into Cup, Pouch, Bottles, and Others. On the basis of distribution channel, the market is segmented into Supermarket & Hypermarket, Convenience Store, and Online Store. Finally, the report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with the qualitative analysis for market estimates that boosts the growth of the global yogurt market during the forecast period.
The report also highlights the competitive landscape of the global yogurt market that includes the company overview, products & offerings, strategic decisions taken by the company, launch of new products, technology landscape, and financial highlights.
Global Yogurt Market: Key Findings of the Report
- The demand for the global yogurt market is expected to grow a significant rate, during the forecast period. Increasing awareness about the benefits of yogurt and the changing lifestyle of people towards healthier lives are noteworthy factors which are expected to positively impact market growth over the next forthcoming years.
- Flavoured Yogurt is the largest segment among the product type. Flavoured Yogurts are beneficial for health and since they are available in so many varieties, they are highly preferred.
- Supermarket & Hypermarket are the significant distribution channel of the market. Supermarkets have better visibility of products backed with the availability of all types of sizes and packages. Thus, due to dimension, attraction ability and dynamism, Supermarket & Hypermarket are having a positive impact on the industry growth over the forecast period.
- Asia Pacific is likely to witness the fastest growth during the forecast period. The demand for yogurt in the region is likely to increase at a significant CAGR during the forecast period. Best alternative to high protein milk along with increasing western influences is growing the market.
Global Yogurt Market: Research Methodology
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding of the global yogurt market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences.
Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Table of Contents:
Chapter One: Research Framework
Chapter Two: Assumptions & Research methodology
Chapter Three: Executive summary
Chapter Four: Industry Insights
Chapter Five: Global Yogurt Market Overview
Chapter Six: Yogurt Market, By Product
Chapter Seven: Yogurt Market, By Form
Chapter Eight: Yogurt Market, By Packaging
Chapter Nine: Yogurt Market, By Distribution Channel
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