The market for Fat Free Yogurt Market is expected to reach USD$ XX in 2023.
Yogurt is basically a dairy-based product. It is generally procured from the bacterial fermentation of milk. The yogurt is significantly nutritious and an outstanding source of calcium, potassium, and protein. Yogurt is relatively low in calories and has many minerals and vitamins included in it. It is generally a refined milk product that is sourced and solidified by the specific lactic acid-producing cultures included in milk. The rising benefits of consuming yogurt are anticipated to expand the growth of the fat-free yogurt market during the forecast period.
The global fat-free yogurt market is growing at a significant pace and is anticipated to observe robust growth over the next seven years until 2023. Rising health consciousness, as well as the avoidance of unhealthy food consumption, are expected to strengthen the demand for fat-free yogurt and the market's growth during the forecast period. Apart from this, the rising availability of fruit-flavored yogurt with varied health benefits is anticipated to intensify the growth of the fat-free yogurt market during the forecast period.
At present, the North American region captured the maximum share in revenue from the fat-free yogurt market and is anticipated to dominate over the forecast period. Rising awareness related to the benefits of eating fat-free yogurt and increasing awareness related to the consumption of fat-free and healthy products is expected to expand the growth of the North American fat-free yogurt market over the forecast period. Increasing consumption of flavored yogurt, especially in developing countries such as India and China, is likely to support the growth of the Asia Pacific fat-free yogurt market until 2023.
The global fat-free yogurt market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
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Nestle S.A., Ultima Foods Inc., Kraft Foods Group Inc., Danone Groupe SA, General Mills, Chobani Inc., Yakult Honsha Co. Ltd., Grupo Alpura, and others
The market for Fat Free Yogurt Market is expected to reach USD$ XX in 2023.
The Fat Free Yogurt Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2016 -2023.
The base year of this report is 2015.
Nestle S.A., Ultima Foods Inc., Kraft Foods Group Inc., Danone Groupe SA, General Mills, Chobani Inc.are some of the major players in the global market.