Portland,OR, Feb. 11, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global flavored yogurt market was estimated at $66.35 billion in 2019 and is expected to hit at $92.30 billion by 2026, registering a CAGR of 4.8% from 2019 to 2026. The report provides a detailed analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends.
Rise in awareness of the health benefits of yogurt, surge in demand for flavored yogurt in the developing nations, and innovation in taste & flavor of yogurt propel the growth of the global flavored yogurt market. On the other hand, increase in use of dairy alternative based products curtails down the growth to certain extent. However, growing demand for organic flavored yogurts is anticipated to usher in a plethora of opportunities in the near future.
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The strawberry segment to lead the trail by 2026-
Based on flavor, the strawberry segment accounted for the largest share in 2019, holding two-fifths of the total market. At the same time, the blueberry segment would register the fastest CAGR of 5.8% during the estimated period. The other segments discussed in the report include Vanilla and Peach.
The conventional segment to retain its dominance in terms of revenue-
Based on type, the conventional segment garnered 93% of the total market revenue in 2019, and is projected to dominate till 2026. Simultaneously, the organic segment would cite the fastest CAGR of 11.6% throughout the forecast period.
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Europe garnered the highest share in 2019-
Based on Geography, Europe contributed to more than two-fifths of the total market share in 2019, and is expected to maintain its top status by 2026. At the same time, the region across Asia-Pacific would grow at the fastest CAGR of 6.1% during 2019–2026. The market is also analyzed across North America and LAMEA.
Leading market players-
The key market players analyzed in the global flavored yogurt market include General Mills, Cabot Creamery, Nestle, Chobani LLC, Fage International S.A., Arla Foods, Müller, Danone, Stonyfield Farm Inc., and Emmi Group. They have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their stand in the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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