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

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.