Yogurt Market by Type (Set Yogurt, Greek Yogurt, Yogurt Drinks, Frozen Yogurt, and Others), by Fat Content (Fat-Free, Low Fat, Regular), by Flavor (Plain, Flavored), by Source (Dairy-Based Yogurt, Non-Dairy Based Yogurt), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Stores, and Others), and Geography

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Yogurt Market size was valued at USD 44,895.8 million in 2022 and is poised to grow at a CAGR 6.3% from 2023 to 2029. Yogurt is a sweetened, sour, or flavored dairy product prepared by fermentation and homogenization of pasteurized milk. Streptococcus thermophiles and Lactobacillus bulgaricus are the two main bacteria cultures used in the preparation of yogurt. Yogurt has many health benefits such as, it helps in digestion, protects against colorectal cancer, helps in weight & fat loss, reduces the risk of type 2 diabetes, helps in preventing osteoporosis, and in reducing hypertension & bad cholesterol. Health benefits associated with yogurt and increasing awareness among people about losing weight are expected to drive the growth of the yogurt market across the globe. In addition, the increasing preference of consumers for low-calorie, high-protein, non-dairy healthier desserts and the growing popularity of low-fat yogurt is expected to boost the yogurt market growth over the forecasted years. Moreover, the busy lifestyles in emerging countries and increasing concern for the health and wellness of people in developing countries are expected to further trigger market growth over the forecasted years. However, the increasing use of artificial additives & ingredients in yogurt and the harmful hormonal treatment of milk-producing cows is expected to hinder the growth of the yogurt market over the forecasted period. Moreover, nowadays majority of people are suffering from lactose intolerance which makes people choose non-dairy-based alternative products which in turn is expected to increase the demand for non-dairy-based yogurt and provide an opportunity in the yogurt market key players. Furthermore, consumers find probiotic food as an easy replacement for pharmacological treatments owing to its benefits and yogurt is the most preferred probiotic food.  

Yogurt Market Key Developments:
In August 2021, Danone launched a plant-based Greek yogurt with coconut milk and pea protein as a base. 
In May 2021, Chobani LLC announced its partnership with PepsiCo to increase its distribution network.

Yogurt Market Summary

Study Period

2023– 2029

Base Year

2022

CAGR

6.3%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Yogurt Market Dynamics

The yogurt market is expected to grow over the forecasted period due to the increasing prevalence of digestive disorders influencing the demand for probiotics. Consumers find probiotics as an easy alternative for their treatment and for the associated health benefits. Yogurt is one of the most preferred probiotics. The gradual shift of consumers toward digestive health-oriented products is expected to drive the probiotic products market over the forecast years. In addition, the rising popularity of probiotics with the young generation, growing consciousness about its health benefits, and an increase in the geriatric population are expected to further boost the growth of the yogurt market over the forecasted period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Yogurt Market Segmentation

By Type
  • Set Yogurt
  • Greek Yogurt
  • Yogurt Drinks
  • Frozen Yogurt
  • Others
By Fat Content
  • Fat-Free
  • Low Fat
  • Regular
By Flavor
  • Plain
  • Flavored
By Source
  • Dairy-Based Yogurt
  • Non-Dairy Based Yogurt
By Distribution channel
  • Supermarkets And Hypermarkets
  • Convenience Stores
  • Specialist Retailers
  • Online Stores
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The yogurt market was valued at USD 44,895.8 million in 2022 and is expected to grow at a 6.3% CAGR from 2023 to 2029.

Increasing consumption of probiotic products by consumers is expected to drive the growth of the yogurt market over the forecast period.

The leading players in the global Yogurt market are Chobani LLC., Nestle, Danone (Yakult), Britannia Industries Ltd., FrieslandCampina, Arla Foods, Amul, CoolBrands International, Parmalat S.p.A, Dean Foods, Juhayna Food Industries.

The increasing use of artificial additives & ingredients in yogurt and the harmful hormonal treatment of milk-producing cows is expected to hinder the growth of the yogurt market over the forecasted period.

  • Chobani LLC.
  • Nestle
  • Danone (Yakult)
  • Britannia Industries Ltd.
  • FrieslandCampina
  • Arla Foods
  • Amul
  • CoolBrands International
  • Parmalat S.p.A
  • Dean Foods
  • Juhayna Food Industries