Key Market Insights
“Trends for packaged food products drives the market growth”
The Flavored yogurt market is expected to grow at a CAGR of 6.2% during the forecast period from 2019 to 2027, starting from US$ 59.3 Bn in 2018.
Growing awareness of the health benefits associated with yogurt, increase in demand for flavored yogurt in the developing countries, in addition to innovation in the flavor and taste of yogurt supports the growth of the global flavored yogurt market. Additionally, rising demand for organic flavored yogurts is expected to provide new opportunities for a number of players in the overall flavored yogurt market.
Flavored yogurts market includes wide number of flavors, but most of them are limited to specific geographic regions. The flavored yogurts are available in a number of colors, forms, packages and shapes. Key manufacturers in the flavored yogurt market aims to satisfy the consumer demand by providing new and innovative yogurts in the market that aims to fulfill the local taste and preferences of the consumers across the globe. There has been an extensive move in the inclinations of purchasers towards healthy benefit of the items while giving equivalent significance to taste and surface. Moreover, yogurts with mix flavors are discovering footing in the created countries. The worldwide market is divided with the nearness of various provincial and worldwide players. On the other hand, the rising use of dairy alternative based products is one of the main factor restraining the growth the market.
Market Synopsis
Flavor Analysis
“Strawberry accounts for the largest segment in the overall flavored yogurt market”
Based on flavor, the strawberry fragment represented the most extreme offer in the worldwide market in 2018. Strawberry seasoned and strawberry mixed yogurt has been the most favored decision of enhanced yogurt among the purchasers because of the new shading, trademark sweet taste and the smooth surface, Strawberry is generally accessible products of the soil it is the most favored flavor by the shoppers over all age bunches internationally. Common strawberry enhance or the yogurt with strawberry pieces/pound is picking up fame and prone to encounter steady request from the market sooner rather than later.
Moreover, the increased penetration of consumers towards whey yogurts and beverages is growing. Thereby, increases the demand for flavored yogurt globally. The research studies suggests that around 60% population in Brazil consumers flavored yogurt. Moreover, people in Brazil prefers strawberry flavored yogurt thereby, increases the demand for the segment over the forecasted period.
Regional Analysis
“Europe dominated the flavored yogurt market in 2018”
In light of Geography, Europe represented more than two-fifths of the worldwide enhanced yogurt showcase income in 2019, and is foreseen to wear the pants by 2026, attributable to rising consciousness of the medical advantages of seasoned yogurt in the area. At the same time, the area across Asia-Pacific would enroll the quickest CAGR of 6.5% all through the estimate time frame. Be that as it may, North America happened to hold the third biggest income holder in 2019. China and India are perhaps the biggest maker just as shoppers of milk and milk items, which is relied upon to push the development of the enhanced yogurt advertise during the examination time frame.
List of Companies Covered:
- Stonyfield Farm Inc.
- Nestle
- Emmi Group
- Chobani LLC
- Arla Foods
- Danone
- Fage International S.A.
- General Mills
- Yakult Honsha Co. Ltd.
- Britannia
- Mother Dairy
Key Industry Developments:
- In January 2019, Yoplait, the largest franchise brand of yoghurt and Dunkin’ Donuts announced to launch four new breakfast pastry-inspired yogurt flavors that includes Apple Fritter, Boston Kreme Donut, French Vanilla Latte Cinnamon Coffee Roll and French Vanilla Latte. Through the launch of new flavored yogurt the company aims to increase the sale of yogurts, and aims to capture new segment in the overall yogurt market.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Flavor (2017–2027; US$ Bn)
• Strawberry
• Mango
• Vanilla
• Others
|
|
Type (2017–2027; US$ Bn)
• High & Low Fat Flavored Yogurt
• Creamy Flavored Yogurt
• Baby Flavored Yogurt
• Organic Flavored Yogurt
• Frozen Flavored Yogurt
• Greek Flavored Yogurt
• Others
|
|
Distribution Channel (2017–2027; US$ Bn)
• Supermarket & Hypermarkets
• Convenience Stores
• Online
• Others
|
|
Geography (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (Japan, China, India, Rest of Asia Pacific)
• Rest of the World (Latin America, Middle East & Africa)
|
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall flavored yogurt market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the flavored yogurt market and valuable opportunities for emerging players?
- What is driving flavored yogurt market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the flavored yogurt market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
