Home / Press Release / Global Flavored Yogurt Market Expected to Grow At a CAGR of 6.2% during the Forecast Period

Global Flavored Yogurt Market Expected to Grow At a CAGR of 6.2% during the Forecast Period

The latest market report published by Credence Research, Inc. “ Flavored Yogurt Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the Flavored Yogurt market was valued at US$ 59.3 Bn in 2018 and expected to grow at a CAGR of 6.2% during the forecast period from 2019 to 2027.

Market Insights

“Rising Health Awareness among consumers supports the market growth”

Flavor in the yogurt increases around 50% of the sales of yogurt in the U.S. in addition, the most favorite flavor is strawberry in the U.S is one of the key reason drives the growth of flavored yogurt market. Moreover, Greek yogurt is the most popular yogurt, preferred by around 50% of the adults. On the other hand, 50% of the children prefers whole-milk yogurt. Moreover, the overall yogurt market will accounts for around 115 billion by the year 2023. Thereby, increases the demand for flavored yogurt over the forecast period.

In addition, rising disposable income of consumers in the developing nations drives the demand for flavored yogurt. Moreover, innovation by the key manufacturers of flavored yogurt also contributes the growth of the market. Rising health awareness among consumers also drives the growth of the market over the forecast period.

Top manufacturers of Flavored Yogurt are focusing to increase their product portfolio by launching new products in the market.

Industrial Developments

In January, 2018, Hormel Foods merged with Menchie’s Frozen Yogurt. Through this merger the company aims to launch the limited-edition peanut butter flavored frozen yogurt. The Skippy is a blend of chocolate brownie and peanut butter flavored frozen yogurt. The new flavor of yogurt, enables to provide a unique taste to the customers.

Key Market Movements:

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/flavored-yogurt-market

The Global Flavored Yogurt Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 By Flavor (2017–2027; US$ Bn)

 By Type (2017–2027; US$ Bn)

 By Distribution Channel (2017–2027; US$ Bn)

 By Geography (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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