Flavored Yogurt Market to increase by USD 9.9 billion from 2022 to 2027 | APAC is estimated to account for 38% of the global market

NEW YORK, Oct. 16, 2023 /PRNewswire/ — The flavored yogurt market size is expected to grow by USD 9.9 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of 4.78% during the forecast period. Increased online penetration of products is notably driving the flavored yogurt market. However, factors such as Increasing lactose intolerance among consumers may impede market growth. The market is segmented by form factor (spoonable and drinkable), distribution channel (Offline and Online), and geography (APAC, Europe, North America, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The free sample report is available in PDF format

Key Segment Analysis

The market share growth by the spoonable segment will be significant during the forecast period. The spoonable yogurt segment had a significant market share in the global market in 2022. This type of yogurt has become increasingly popular due to its convenience and health benefits. Unlike drinkable or squeezable yogurt, spoonable yogurt can be consumed in a more traditional way and is a versatile ingredient in cooking and baking. It is preferred by many consumers for these reasons. Probiotics, which are helpful bacteria that support the gut’s microbiome, are present in spoonable yogurt and are often marketed as being good for boosting the immune system and improving digestive health. Additionally, spoonable yogurt is often considered a better alternative to unhealthy snacks like candy or chips because it is low in calories and high in protein. It is a popular option for those who want to maintain a healthy diet. Moreover, spoonable yogurt can be used in a variety of dishes, including smoothies, dips, and baked goods. As a result, the demand for spoonable yogurt is expected to continue to grow, leading to an increase in the global market during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.

Geographical Market Analysis

APAC is estimated to account for 38% of the global market during the forecast period. APAC region dominated the global market in 2022. This growth was driven by an increase in consumer preference for a healthy lifestyle and rising awareness of the nutritional benefits of yogurt. Additionally, the demand for fortified food and beverages has also contributed to the increasing popularity of flavored yogurt. The region has seen a rise in the number of organized retail outlets that offer flavored yogurt, and there has been an introduction of new and novel products in the market. This shift in consumer preferences towards healthy products has led to an increased demand for flavored yogurt. To attract a larger customer base, regional vendors are forming strategic alliances and partnerships. These factors are expected to continue positively impacting the growth of the regional market during the forecast period.

Company Insights

The flavored yogurt market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including Arla Foods amba, Cabot Creamery, Chobani Global Holdings LLC, Chr Hansen Holding AS, Danone SA, Emmi Group, Fage International SA, Fonterra Cooperative Group Ltd., General Mills Inc., Gujarat Cooperative Milk Marketing Federation Ltd., LACTALIS Group, Lausanne Dairies, Menchies Group Inc., Mother Dairy Fruit and Vegetable Pvt. Ltd., Muller UK and Ireland Group LLP, Nestle SA, Noosa yoghurt, Sameer Agriculture and Livestock Ltd., Stonyfield Farm Inc., and The Coca Cola Co.

View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The fruit yogurt market is estimated to grow at a CAGR of 7.19% between 2022 and 2027. The market size is forecasted to increase by USD 11,896.43 million.

The vegan yogurt market size is projected to increase by USD 4,307.85 million and the market size is estimated to grow at a CAGR of 18.15% between 2022 and 2027.

ToC:

Excustive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Form Factor

Market Segmentation by Distribution Channel

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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