The report, titled “Yogurt Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” compiles leading manufacturers of yogurt in the world. These include US-based companies such as General Mills, Inc., Chobani, LLC, Kraft Foods Group, Inc., and Canada’s Ultima Foods Inc. Correspondingly, yogurt sales in North America are projected to soar at 10.3% CAGR and rake in US$ 18.8 Bn by 2026-end. European yogurt manufacturers such as Rainy Lanes Dairy Foods Ltd., Muller UK & Ireland Group LLP, Sodiaal, Nestle SA and Danone are also prominent players in the global yogurt market. Together, Eastern Europe and Western Europe are likely to impose one-third share on the global market value, while yogurt market in the Asia-Pacific excluding Japan (APEJ) region will be consume more than 25,000 KT of yogurt through 2026. Japan’s yogurt market, on the other hand, will witness a relatively moderate growth, which will be attributed by Yakult Honsha Co. Ltd. – recognised as a leading yogurt producer in the world.
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The low fat and fat free yogurt segment is expected to gain more than 25 BPS between 2016 and 2026, due to rising awareness among people regarding the health benefits of low fat and fat free yogurt. The segment is expected to reach the highest CAGR of 10.2% during the projected period. In 2017, the low fat and fat free yogurt segment in the global yogurt market is expected to reach a market valuation in excess of US$ 14 Bn and is anticipated to be valued more than US$ 36 Bn by the end of 2026.
Supermarket Shelves to Remain Stacked up with Flavoured Yogurt Drinks
The report also reveals that easy availability of raw ingredients has stimulated large-scale production of yogurt, allowing manufacturers to increasing production of various types of yogurt products. In 2016, global consumption of fruit-based yogurt reached an estimated 3,591.2 KT. While regular or plain yogurt will keep garnering consistent demand, global sales of low fat & fat-free yogurt are anticipated to grow at 10.2% CAGR. Although, bland-tasting regular yogurt will keep losing its market presence as a majority of global yogurt consumers will demand some flavours in these products. Throughout the forecast period, flavoured yogurt are anticipated to account for more than half of global revenues.
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Key findings in the report indicate that almost every other yogurt product in the world will be consumed in form of drinks. While demand for strained or Greek yogurt is also considerably high, more than 40,000 KT on yogurt will be consumed as drinks or beverages by the end of 2026. Growing consumption of yogurt is also being facilitated by effective distribution through supermarkets and retail stores. Collectively, more than three-fourth of global yogurt revenues will emanate from these distribution channels.
Global Yogurt Market: Segmentation
To understand and assess opportunities in the global yogurt market, we have divided the report into five sections based on market segmentation as under:
By Form
- Set Yogurt
- Strained/Greek Yogurt
- Drinking Yogurt
- Frozen Yogurt
By Type
- Fruit Yogurt
- Regular/Plain Yogurt
- Low Fat & Fat Free Yogurt
- Flavoured Yogurt
By Distribution Channel
- Hyper/Super Market
- Retail Stores
- Convenience Stores
- Online Stores
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Table Of Content
1. Executive Summary
2. Market Introduction
3. Global Yogurt Market Analysis Scenario
4. Market Dynamics
5. Global Yogurt Market Analysis and Forecasts, By Form
6. Global Yogurt Market Analysis and Forecasts, By Type
7. Global Yogurt Market Analysis and Forecasts, By Distribution Channel
8. Global Yogurt Market Analysis and Forecasts, By Region
9. North America Yogurt Market Analysis and Forecast