Yogurt

Yogurt Market by Category (Dairy-Based Yogurt, Non-Dairy Based Yogurt), Flavor (Flavored Yogurt, Plain Yogurt), Form, Packaging, Distribution - Global Forecast 2024-2030

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[182 Pages Report] The Yogurt Market size was estimated at USD 55.70 billion in 2023 and expected to reach USD 59.44 billion in 2024, at a CAGR 6.80% to reach USD 88.33 billion by 2030.

Yogurt Market
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Yogurt is a widespread fermented dairy product that is enjoyed by individuals worldwide. Essentially, it is derived from the fermentation of milk induced by two primary bacteria known as Lactobacillus bulgaricus and Streptococcus thermophilus, which convert lactose, the sugar present in milk, into lactic acid. The process causes the milk proteins to thicken, resulting in a tangy, creamy product known as yogurt. However, the influence of other cultures, such as Bifidobacteria and Lactobacilli, also contribute, often introducing additional health benefits and varying tastes. Despite its simple origins, the yogurt world has evolved into a remarkably diverse landscape, boasting many types that cater to various tastes and preferences. The market now offers various yogurt options, showcasing the versatility and innovation within this seemingly simple culinary delight. Traditional plain yogurt is unflavored and unsweetened, offering a tangy and creamy taste sensation. Flavored varieties are mixed with fruits, honey, or other sweeteners for added taste, while Greek yogurt is strained thoroughly to remove whey, resulting in a thicker texture with a higher protein content. The yogurt market is a dynamic and diverse segment of the global food industry, characterized by a wide array of product offerings that cater to consumers' tastes, health, and dietary preferences across the globe. In recent years, the market has seen notable trends that reflect changing consumer preferences and societal shifts. Increasing consumption of yogurt owing to its associated health benefits, improved availability and supply chain of yogurt through online platforms, and significant demand for yogurt owing to the presence of flavored and lactose-free products are contributing to the expansion of the yogurt market. However, the market faces certain challenges, such as health risks associated with artificial additives and ingredients in yogurt and product recalls coupled with significant consumption of substitute products, hindering the growth of the yogurt market. On the other hand, the increasing development of organic and vegan yogurt and rising adoption attributed to convenient and innovative yogurt packaging formats presents a potential opportunity for the yogurt market to flourish in the coming years.

Yogurt Market - Global Forecast 2024-2030
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Category: Inclining demand for non-dairy yogurts from health-conscious consumers

Dairy-based yogurt is a fermented milk product that comes in various forms, such as traditional, Greek, Icelandic, and Australian, each with distinct characteristics. Dairy-based yogurts are known for their smooth consistency and range from containing less fat to whole milk varieties, providing a source of protein, calcium, and probiotics beneficial for digestive health. Non-dairy-based yogurt caters to vegans' dietary needs and preferences, lactose-intolerant individuals, and those looking to reduce animal product consumption. These yogurts are often made from alternatives such as almond, soy, coconut, oat, cashew, and pea milk. They aim to mirror dairy yogurt's creamy texture and nutritional benefits, enriching them with plant-based proteins, probiotics, vitamins, and minerals. Non-dairy yogurts continue to evolve, featuring an expanding array of flavors and probiotic profiles that closely rival their dairy counterparts, making them an increasingly popular and accessible option in health-conscious and dietary-restricted markets.

Flavor: Growing preferences for flavored yogurts offering taste varieties

Flavored yogurts are sought after for their varieties, which incorporate an assortment of taste profiles, ranging from fruits to vanilla, chocolate, and exotic combinations, catering to a clientele with a penchant for diverse tastes and novelty. Innovations in this segment target flavor trends and consumer desires for healthier options, leading to the introduction of natural, organic flavorings, low-sugar, and no-additive varieties. On the other hand, plain yogurt upholds the values of simplicity and versatility, which appeals to consumers who value pure, unaltered form of flavor. Plain yogurt generally has a lower sugar content than its flavored counterparts, an essential factor for health-conscious consumers. This category often witnesses demand from culinary applications as a base for smoothies and sauces and as a healthier substitute for creams and mayonnaise.

Form: Growing popularity of Greek yogurt due to its high protein content

Conventional yogurt is the most common form of yogurt known for its creamy texture and balanced tangy taste. It is typically made from cow's milk, which is fermented using certain types of lactic acid bacteria. Its health benefits include a solid source of protein, calcium, and probiotics. An increasingly popular variety, frozen yogurt often serves as an alternative to traditional ice cream. It leans towards a sweeter taste and softer texture and is known for its lower fat content than ice cream. It is made by freezing conventional yogurt, and extra sugar is generally added for taste. Greek yogurt, often dubbed 'strained yogurt,' has grown in popularity due to its thick, rich texture and high protein content. It is made by straining extra whey from traditional yogurt, reducing sugar and carbohydrates while doubling the amount of protein. People commonly consume Greek yogurt for its nutritional profile and consistency, making it a popular choice for smoothies or a healthier substitute for cream in various recipes. Made by fermenting milk in a container without further stirring or processing, set yogurt delivers a unique, firm texture and is known for its creamier and delicate flavor. It commonly serves as a staple in cuisines worldwide as a cooling accompaniment to spicy dishes. Yogurt drinks, an on-the-go version of conventional yogurt, are growing in popularity globally. It delivers the same nutritional content as regular yogurt but in a more convenient form, particularly for younger consumers. They come in various flavors and are often marketed for their added vitamins and minerals, making them a preferred choice for quick breakfasts or energizing snacks.

Packaging: Expanding usage of tetra packs for yogurt packaging due to its sustainability properties

Plastic bottles, commonly made from polyethylene terephthalate (PET) or high-density polyethylene (HDPE), are widely used to pack yogurt drinks and pourable yogurts. Clear plastic bottles offer product visibility, appealing to consumers who prioritize the appearance of their food, and they are lightweight, shatterproof, and often feature reclosable tops, enhancing portability and ease of use. Plastic allows for versatile shaping and branding opportunities, which can be pivotal in marketing strategies. However, plastic bottles also come with environmental concerns, given the challenges around recycling and the impact of single-use plastics on ecosystems. Tetra packs, a type of aseptic packaging made from a composite of paperboard, plastic, and aluminum, are another sustainable option for yogurt products, commonly used for yogurt drinks. They provide excellent barrier properties that extend shelf life by protecting against light and air. Being paper-based, they are often viewed as more eco-friendly and easier to recycle in many areas than plastics. Tetra packs allow for high-quality printing and branding, making them visually appealing on store shelves. Consumer preferences are shifting towards more sustainable packaging, with an increasing demand for convenience and portion control. Both plastic bottles and tetra packs respond to these trends with innovative designs and material enhancements.

Distribution: Growing preferences for offline distribution of yogurt for instant product accessibility

The offline yogurt distribution predominantly occurs through brick-and-mortar retail channels, including supermarket chains, hypermarkets, convenience stores, and specialty health food stores. Physical grocery outlets drive a significant share of yogurt sales due to consumer habits of purchasing perishable goods in person. These retail spaces often provide yogurts, from mass-produced brands to niche organic and artisanal options catering to diverse consumer preferences. In recent years, the online distribution channel for yogurt has been growing steadily. With the advancement of e-commerce and online grocery shopping, consumers find ordering yogurt directly from retailers or through third-party delivery services increasingly convenient. Subscription services and online-exclusive deals provide additional incentives for consumers to opt for online purchases. Online platforms offer an expansive product range, detailed product information, and the convenience of home delivery, which particularly appeals to time-constrained consumers. Offline distribution has several advantages over online distribution, such as instant product accessibility, the ability to physically check product quality, no waiting time for delivery, and the avoidance of shipping fees.

Regional Insights

The yogurt market has been experiencing significant growth in the Americas, with a notable interest in Greek and non-dairy options. Consumer preferences are shifting toward healthier and functional foods, which is driving the consumption of dairy-free yogurt in the region. The yogurt market in Europe, the Middle East, and Africa (EMEA) is marked by a strong preference for traditional and plain yogurt manufacturers. With a rich history of yogurt consumption, companies in this region often favor authentic and regional specialties in their products. Furthermore, the EMEA yogurt market is observing a rise in the demand for probiotic, high-protein, and lactose-free yogurts owing to health-conscious consumers. The Asia-Pacific (APAC) yogurt market is rapidly growing and evolving, attributed to the rising disposable incomes, urbanization, and a growing emphasis on healthy lifestyles of the population. The region’s diverse yogurt market is influenced by various cultural dietary habits and economic conditions. Innovation in flavors and formats has been a key to capturing the diverse consumer preferences within the region. The growing availability of spoonable and drinkable yogurt products through e-commerce platforms is gaining traction among younger consumers of the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Yogurt Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Yogurt Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Danone Made Yogurt from Vegetable Waste

    Danone SA and five other food innovators have teamed up to share their expertise and create a revolutionary vegetable yogurt. The prototype utilized NoPalm Ingredients yeast derived from fermenting vegetable waste. [Published On: 2023-11-23]

  • Valio-backed Oddlygood Acquires Kavli’s Vegan Brand Planti

    Valio Group acquired the vegan brand Planti from Norway's Kavli Holding. This acquisition includes the transfer of ownership of the Planti brand, associated intellectual property rights, and a production facility located in Turku, Finland. As part of the acquisition, Valio has acquired Planti's production facility in the Finnish city of Turku. [Published On: 2023-10-02]

  • Skyrrup Strengthens Portfolio with Launch of Lactose free Greek Yogurt

    Bharat Skyr & Doodh Products Private Limited unveiled their new lactose-free Greek yogurt. Crafted using A2 Cow Milk, this yogurt is rich in protein, containing 7.5 grams per serving. It is free from preservatives and added sugar, providing a wholesome and nutritious option. [Published On: 2023-08-17]

Key Company Profiles

The report delves into recent significant developments in the Yogurt Market, highlighting leading vendors and their innovative profiles. These include 16 Handles, Alpina Productos Alimenticios SA, Alpura, SA, Andros SNC, Arla Foods Ingredients Group P/S, Britannia Industries Limited, CALIDAD PASCUAL, S.A.U., Casa Grande de Xanceda SL, China Mengniu Dairy Company Limited, Chobani, LLC, DAHlicious, Dana Dairy Group Ltd., Danone S.A., Dr. Otto Suwelack Nachf. GmbH & Co. KG, Ehrmann SE, Epigamia, FAGE International S.A., Fonterra Co-operative Group Limited, General Mills, Inc., Granarolo S.p.A., Granja el Prat, Gujarat Cooperative Milk Marketing Federation Ltd., Holland Dairy, Junlebao Dairy Group, LA FERMIERE, Lactalis Ingredients, Meiji Holdings Co., Ltd., Menchie's Group, Inc., Mevgal S.A., Muller UK & Ireland Group LLP, Nanci’s Frozen Yogurt, Nestlé S.A., Noosa Yoghurt, LLC by Sovos Brands Intermediate, Inc., Penn Dairy, PURIS, Royal FrieslandCampina N.V., Saputo Inc., Schreiber Foods Inc., Seven Stars Farm, Sunrise Dairy Limited, The Hain Celestial Group, Inc., Unilever PLC, Valio Group, and VIMA Foods.

Market Segmentation & Coverage

This research report categorizes the Yogurt Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Category
    • Dairy-Based Yogurt
    • Non-Dairy Based Yogurt
  • Flavor
    • Flavored Yogurt
    • Plain Yogurt
  • Form
    • Conventional Yogurt
    • Frozen Yogurt
    • Greek Yogurt
    • Set Yogurt
    • Yogurt Drinks
  • Packaging
    • Plastic Bottles
    • Tetra Packs
  • Distribution
    • Offline
    • Online

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Yogurt Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Yogurt Market?
  3. What are the technology trends and regulatory frameworks in the Yogurt Market?
  4. What is the market share of the leading vendors in the Yogurt Market?
  5. Which modes and strategic moves are suitable for entering the Yogurt Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Yogurt Market, by Category
  7. Yogurt Market, by Flavor
  8. Yogurt Market, by Form
  9. Yogurt Market, by Packaging
  10. Yogurt Market, by Distribution
  11. Americas Yogurt Market
  12. Asia-Pacific Yogurt Market
  13. Europe, Middle East & Africa Yogurt Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 462]
  18. List of Companies Mentioned [Total: 44]
Yogurt: the main character in the nutritious superfoods segment
July 3, 2023
INSIGHT
Yogurt: the main character in the nutritious superfoods segment
Yogurts’ tremendous health benefits, versatility in cooking, and manufacturers’ spirited marketing techniques have made them successful in the culinary world while slowly planting roots of victory as a healthier dessert.

Yogurt has undergone many exciting innovations and advancements bringing new flavors and yogurt types, including Greek, Icelandic skyr, and Australian-style yogurt. Yogurt production has risen by 3.98% between 1995 and 2019, with its popularity as a household staple.

The industry has brought together researchers in the life sciences, nutrition, and health sectors and specialists in consumer experience, social sciences, product design, packaging, and pilot-scale production to explore the new highs of yogurt development & production.

A new rule of the FDA also shows its support for using a wider variety of dairy ingredients to make innovative yogurts that meet consumer demands for nutritious and tasty products.

The yogurt sector has become highly competitive, offering consumers more choices than ever before, with a wide range of functional yogurts now in stores. The extensive distribution network and strong value proposition of top brands have helped promote their presence across the world.

As yogurt use expands worldwide, dairy-free & plant-based alternatives are increasingly sought after by health-conscious consumers. Made with almonds, coconut, soy, or oats, they have become more affordable in terms of price point and availability in stores.

With consumer demand for plant-based foods on the rise, the yogurt industry has an excellent opportunity to capitalize on this trend and create innovative products that meet consumer needs.

Yogurt: The Health Food that Everyone Should Include in Their Diet
October 22, 2023
BLOG
Yogurt: The Health Food that Everyone Should Include in Their Diet
Yogurt is a milk-based product consumed for centuries across different cultures worldwide. It is a versatile food that can be eaten plain, added to smoothies, used as a base for dressings and dips, and even used in baking. In recent years, yogurt consumption has increased owing to its numerous health benefits.

Rich in Nutrients and High in Protein:

Yogurt is a rich source of nutrients such as calcium, potassium, and magnesium, among others. It also contains high levels of protein, which is important for building and repairing tissue in the body. A cup of yogurt can provide up to 12 grams of protein, making it a great snack or breakfast option.

Promotes Digestive Health:

Yogurt contains live bacteria cultures known as probiotics that promote gut health. These cultures help balance the gut microbiome, the community of microorganisms that live in our intestines. A well-balanced gut microbiome has been associated with enhanced digestion, a more robust immune system, and a decreased risk of specific diseases.

May Help with Weight Management:

Studies have shown that consuming yogurt can aid in weight loss efforts. The high protein content in yogurt can help reduce cravings and increase feelings of fullness, thus reducing calorie intake. It is also low in calories, making it a great snack option for those trying to manage their weight.

May Lower the Risk of Chronic Diseases:

The consumption of yogurt has been linked to a lowered risk of chronic diseases, including type 2 diabetes and cardiovascular conditions. The probiotics present in yogurt and its nutritional composition can contribute to better blood sugar control and the reduction of inflammation in the body, both of which are risk factors for these ailments.

Versatile and Delicious:

One of the best things about yogurt is its versatility, making it easy to incorporate into the diet. It can be added to smoothies, used as a base for dressings and dips, or eaten plain. Various flavors and types of yogurt are also available, from Greek yogurt to plant-based options such as soy and coconut yogurt.

Yogurt is a versatile and nutrient-rich food that offers numerous health benefits. From fostering gut health to assisting in weight management and lowering the risk of chronic diseases, there are numerous compelling reasons why you should contemplate incorporating it into your diet. With its delicious taste and versatility, there are many ways to incorporate yogurt into your meals and snacks.

Frequently Asked Questions
  1. How big is the Yogurt Market?
    Ans. The Global Yogurt Market size was estimated at USD 55.70 billion in 2023 and expected to reach USD 59.44 billion in 2024.
  2. What is the Yogurt Market growth?
    Ans. The Global Yogurt Market to grow USD 88.33 billion by 2030, at a CAGR of 6.80%
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