"Market Intelligence that Adds Flavour to Your Success"
The global yogurt market size is projected to witness continuous rise over the forecast period, due to the rising consumption of yogurt across the globe. In recent years, industry players have focused more on experimenting and innovating a wide range of yogurt products to meet the changing consumer preferences. Yogurt products are having attributes such as organic, free from allergic ingredients, and dairy-free are gaining higher importance among the consumers.
According to the Ministry of Agriculture and Agri-Food Canada, per capita, yogurt consumption in Canada from the year 1993 to 2012 has increased strikingly. The escalation in awareness among consumers about several health benefits of consuming yogurt such as improved immune system, low risks of diabetes, reduced chances of colorectal cancer, weight loss, elimination of bad cholesterol, and others is expected to propel the growth of yogurt market during the forecast period.
To gain extensive insights into the market, Request for Customization
Yogurt is an ancient food that has been consumed by human beings for ages due to its significant health benefits. Streptococcus thermophiles and Lactobacillus bulgaricus are the two main bacteria cultures that are used in the preparation of yogurt.
Increased number of launches of modified yogurt products such as flavored yogurt and plant-based yogurt in the global market and significant marketing and promotional strategies adopted by global players will further propel the growth of the yogurt market during the forecast period. Moreover, increased sales of yogurt in developing countries due to the rising disposable income of people can accelerate the growth of the yogurt market. However, increased use of artificial ingredients in yogurt can pose negative health impacts that can restrict the growth of the yogurt industry in the forthcoming years.
By Content Type
By Product Type
By Distribution Channel
Among products, yogurt drinks are projected to grow swiftly in the upcoming years, owing to their increased global demand. The launch of innovative and flavored yogurt drinks by companies such as Mother Dairy and Benecol is predicted to continue contributing to the growth of the yogurt drinks market.
Hypermarkets & supermarkets are predicted to hold the majority of the market share among the listed distribution channels for the sales of yogurt. The reason for the growth of the segment can be attributed to the research findings that indicate most of the people in developed nations prefer to buy their yogurt from supermarkets due to higher convenience associated with them. Availability of a broad range of yogurt types (that provides customers with a more extensive choice range to choose) in hyper or supermarkets is another reason for the growth of this segment.
The yogurt market in the Asia Pacific is expected to flourish crucially during the forecast period, owing to the rising demand for probiotics in the region, especially in countries such as China, Japan, and India. In China, Of the total population, around 83% of Chinese population consume yogurt. These people consume yogurt owing to the presence of probiotics contents in it. Rising disposable income in developing countries of the APAC region has led to the increased spending on premium food items, which in turn, is expected to propel the growth of the yogurt market in this region.
North America is anticipated to perform smoothly in the global yogurt market due to the increasing consumption of yogurt by people, especially Greek yogurt. The launch of new yogurt products, especially yogurt drinks and flavored yogurt by prominent market players of the region will further boost the growth of North America’s yogurt market in the forthcoming years. Per capita expenditure on yogurt is very high in European countries, and the same is likely to contribute to the growth and development of the yogurt market.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry