NEWARK, Del., April 26, 2022 (GLOBE NEWSWIRE) -- The global yoghurt industry is fueled primarily by the health benefits of yoghurt intake and a growing public awareness of the need for weight loss. Other factors driving market growth include the expansion of the retail market in various nations, as well as lower lactose percentages for lactose-intolerant people who want to eat dairy products.
Danone, Yakult, Chobani, and Nestle are among the biggest proponents of yoghurt awareness and consumption. People avoid consuming yoghurt because of artificial additions and ingredients added to it, as well as the harmful hormone therapy of milk-producing cows. Conversely, rising yoghurt demand in emerging countries is expected to open up various opportunities for global market expansion, owing to greater disposable income and increased health consciousness.
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Key Takeaways:
•The worldwide yoghurt market is estimated to grow at a CAGR of 4.8 % from 2022 to 2032, from USD 89.9 Mn in 2022 to USD 143.7 Mn in 2032.
•Grocery stores/ hypermarket/supermarkets contributed the most to the market sales in the year 2020, with USD 37,328.2 million, and are predicted to grow at a CAGR of 4.6 % to USD 59,586.9 million by 2031.
•China consumes 90% dairy-based probiotic goods and beverages, with dairy-based yoghurt making for a substantial percentage of the market.
•With an anticipated market value of USD 22.2 million and a massive market share of 65 percent in the North American region, the United States is regarded as the most prominent region for yoghurt.
•Due to increased awareness of the benefits of yoghurt intake and its incorporation in regular diets, the China Yogurt Market is expected to exceed USD 5.8 Mn in 2022, with a market share of 32 percent in the area.
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“With rising health awareness and demand for functional food products, yoghurt market is expected to grow due to expanding market and demand. With an array of variety ranging from drinkable yoghurt and plant-based yoghurt for vegans, consumers get the option to consume yoghurt as per their choice and preference. Its functional property and probiotics present in yoghurt have made it a popular product among consumers which is assisting the growth of this segment,” says a lead analyst at Future Market Insights.
Competitive Landscape:
The yoghurt market is having a huge potential to have strong growth with innovations in adding nutrients and enhancing texture as well as the flavour of products. Companies are extensively working on research and development with the advancement in technology to improve their product as per consumers' interests and convenience. The development of drinkable yoghurt has boosted the sales of yoghurt significantly due to the ease of incorporating it into the diet and convenience to carry and transport. Fortification of yoghurt has also increased the demand for consumers due to a rise in health awareness. The increased popularity of dairy-free products among millennials is anticipated to grow the market for plant-based nutritional products such as vegan yoghurts. Consumers in developed economies such as Europe And North America have been gravitating toward plant-based products as a result of increased incidences of ailments such as lactose allergy among the general public.
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Get More Valuable Insights
- Future Market Insights, in its new offering, provides an unbiased analysis of Yoghurt presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
- The study provides valuable insight on the Yoghurt market based on Product Type (Greek Yoghurt, Yoghurt Drinks, Frozen Yoghurt, Set Yoghurt), Distribution channels (Retailers, Hypermarkets, Specialist Retailers, Convenience Stores) & across seven major regions of the world.
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Interested in More Information?
A new market report on mass finishing consumables published by Future Market Insights brings to the fore a pinpoint analysis of the market and offers comprehensive information with historical demand data for 2014 - 2021 and forecast statistics for 2022 - 2032. The study offers insightful information on the global Yogurt Market By Product Type (Greek Yoghurt, Yoghurt Drinks, Frozen Yoghurt, Set Yoghurt), Distribution Channel (Retailers, Hypermarkets, Specialist Retailers, Convenience Stores) & Region - Forecast 2022 - 2032
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Overview
1.3. Demand Side Trends
1.4. Supply-Side Trends
1.5. Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
4. Key Success Factors
5. Global Yogurt Market Demand Analysis 2017–2021 and Forecast, 2022-2032
5.1. Historical Market Volume (TONS) Analysis, 2017–2021
5.2. Current and Future Market Volume (TONS) Projections, 2022-2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Yogurt Market –Pricing Analysis
6.1. Regional Pricing Analysis By Region
6.2. Pricing Break-up
6.2.1. Manufacturer Level Pricing
6.3. Global Average Pricing Analysis Benchmark
TOC Continued…!
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[Future Market Insights Webcast] Opportunities in Vegan and Plant based: 5th May 9-10 AM Pacific Time.
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This is a market waiting to see explosive growth in coming years! Join us as we are in conversation with industry leaders about growth opportunities and what it takes to achieve economies of scale.
Guest Speakers:
- Alison Rabschunk - Business Development Director for Plant Protein, Kerry
- Anna Turvoll - Head of investor Relations, v2food
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