Yogurt Market size is forecast to reach USD 138 billion by 2027, estimated to grow at a CAGR of 10% during 2020-2027.

Introduction of the Yogurt Market Report

Yogurt comes from Turkey and refers to thick milk or tart. Yogurt is a milk product which is obtained by fermentation of specific microorganisms, that would be active, viable, and found abundant in various product such as Streptococcus thermophilus and Lactobacillus Bulgaricus. It provides multiple health benefits including, reduced risk of type 2 diabetes, healthy digestion, enhanced immunity system, and protection from colorectal cancer. Yogurt is consumed in multiple forms, such as snacks, beverages, dessert, meal replacement, protein-rich sports drink, and other forms.

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Expansion of the retail market, yogurt related health benefits, and the rising health awareness among people are some of the major factors driving the growth of the global yogurt market. It has been observed that individuals across the world, many consider themselves overweight, and many others are trying to lose weight. Consumers have started becoming more aware of what they eat and seek fresh products such as organic, natural, or minimally processed food. Moreover, youngsters are more inclined toward healthy eating habits, as they are learning from the mistakes of their past generations. It has been observed that consumers are ready to pay more for good quality, healthy products rather than any food product in the market. This significant shift in eating habits is increasing adoption of yogurt.

Yogurt is high in protein, vitamins, calcium, and probiotics or lives culture, which improves gut microbiota. It provides protection for teeth, bones and prevents digestive problems. Low-fat yogurt is a useful source of protein, which helps in weight loss diet and probiotics boost the immune system of individuals. Hence, the rising health awareness among individuals is further accelerating the growth of the global yogurt market. On the other edge, harmful ingredients and additives in yogurt might hinder the growth of the market.

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On the basis of type, the market is segmented into set yogurt, greek yogurt, yogurt drinks, and frozen yogurt. Among these, the greek yogurt is expected to witness a higher CAGR during the forecast period. This is attributed to the increasing launch of multiple new products with a wide range of flavors such as mango, blueberry, strawberry, chocolate, honey, and others. It also encourages good mental health, helps in building muscle mass, and reduces blood pressure, which fuels the growth of the segment.

Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, independent retailers, specialist retailers, convenience stores, others. Among these, the supermarkets/hypermarkets would observe a higher CAGR during the forecast period. This is due to the surge of customers toward convenience purchasing. Currently, individuals have busy lifestyles, so they prefer to purchase all the goods from one single store. This is catalyzing the growth of supermarkets/hypermarkets.

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Based on the region, the North America is projected to lead the market during the forecast period attributed to the increasing consumption of low-fat dairy products, and the introduction of new flavors of yogurt in the market. Moreover, the Asia-Pacific is expected to witness a higher CAGR during the forecast period. This is due to the rising disposable income, the shift of consumers toward organic products, and increase in consumption of dairy products.

The major players operating the market include Mother Dairy Fruit & Vegetable Pvt Ltd, Lactalis Group, Amul, CoolBrands International Inc, Emmi Group, Saputo Inc., Dean Foods Company, Valio Ltd, Juhayna Food Industries, and Arla Foods.

The global yogurt market has been segmented on the basis of type, distribution channel, and region. Based on type, the market is segmented into set yogurt, greek yogurt, yogurt drinks, and frozen yogurt. Based on distribution channel, the market is segmented into supermarkets/hypermarkets, independent retailers, specialist retailers, convenience stores, and others.

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Key questions answered in this research report:

• • At what pace is global yogurt market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Yogurt market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global yogurt market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various distribution channels in global yogurt market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 138 billion
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Mother Dairy Fruit & Vegetable Pvt Ltd, Lactalis Group, Amul, CoolBrands International Inc, Emmi Group, Saputo Inc., Dean Foods Company, Valio Ltd, Juhayna Food Industries, and Arla Foods, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Yogurt Market by Type

• • Set Yogurt
  • Greek Yogurt
  • Yogurt Drinks
    • Regular
    • Flavored
  • Frozen Yogurt

Global Yogurt Market by Distribution Channel

• • Supermarkets/Hypermarkets
  • Independent Retailers
  • Specialist Retailers
  • Convenience Stores
  • Others (Online & Home Deliveries)

Global Yogurt Market by Region

• • North America Yogurt Market (Option 1: As a part of the free 25% customization)
    • North America Yogurt Market by Type
    • North America Yogurt Market by Distribution Channel
    • US Yogurt Market All-Up
    • Canada Yogurt Market All-Up
  • Europe Yogurt Market (Option 2: As a part of the free 25% customization)
    • Europe Yogurt Market by Type
    • Europe Yogurt Market by Distribution Channel
    • UK Yogurt Market All-Up
    • Germany Yogurt Market All-Up
    • France Yogurt Market All-Up
    • Spain Yogurt Market All-Up
    • Rest of Europe Yogurt Market All-Up
  • Asia-Pacific Yogurt Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Yogurt Market by Type
    • Asia-Pacific Yogurt Market by Distribution Channel
    • China Yogurt Market All-Up
    • India Yogurt Market All-Up
    • Japan Yogurt Market All-Up
    • Rest of APAC Yogurt Market All-Up
  • RoW Yogurt Market (Option 4: As a part of the free 25% customization)
    • RoW Yogurt Market by Type
    • RoW Yogurt Market by Distribution Channel
    • Brazil Yogurt Market All-Up
    • South Africa Yogurt Market All-Up
    • Saudi Arabia Yogurt Market All-Up
    • UAE Yogurt Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Yogurt Market All-Up

Global Yogurt Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Mother Dairy Fruit & Vegetable Pvt Ltd
  • Lactalis Group
  • Amul
  • CoolBrands International Inc
  • Emmi Group
  • Saputo Inc.
  • Dean Foods Company
  • Valio Ltd
  • Juhayna Food Industries
  • Arla Foods