- Set Yogurt
- Greek Yogurt
- Yogurt Drinks
- Frozen Yogurt
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. 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 growth of the yogurt market at a significant rate 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 to key players in the yogurt market. Furthermore, consumers find probiotic food as an easy replacement for pharmacological treatments owing to its benefits and yogurt is the most preferred probiotic food. Geographically, the Asia Pacific region held the major market share in 2022 and is expected to dominate the global yogurt market in the forecasted years.
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.
Fastest Growing Market
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.
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.