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Written by Elena Anderson » Updated on: October 09th, 2024
According to the latest report by IMARC Group, titled “Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the yogurt market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. the global yogurt market size reached US$ 120.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 199.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.
Yogurt Market Trends:
The global market is majorly driven by the growing awareness of the health benefits associated with yogurt consumption, such as improved digestion and gut health. Consumers are increasingly shifting toward healthier dietary choices, and yogurt, particularly varieties enriched with probiotics, is seen as a nutritious food option. The rising trend of functional foods that offer health benefits beyond basic nutrition is further boosting demand.
Additionally, the expanding availability of low-fat and sugar-free yogurt products is attracting health-conscious consumers, particularly those looking to manage weight or reduce sugar intake. Another factor driving the market is the increasing demand for flavored and plant-based yogurts, catering to a variety of consumer preferences and dietary needs, such as lactose intolerance and veganism.
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Leading Key Players Operating in the Yogurt Industry:
Yogurt Market Scope & Growth Analysis:
The global yogurt market holds significant growth potential, driven by increasing demand across multiple regions. The market scope includes traditional yogurt products such as Greek yogurt, flavored yogurt, and drinkable yogurt, as well as emerging segments like plant-based and organic varieties. Europe and North America currently dominate the market, owing to high consumer awareness and well-established dairy industries. However, the Asia-Pacific region is expected to experience robust growth due to rising disposable incomes, changing dietary habits, and increasing consumer interest in health-conscious products.
Countries like China and India are witnessing a surge in yogurt consumption, particularly with the rise of urbanization and Western dietary influences. In terms of market analysis, innovation remains a crucial driver, with companies focusing on developing new flavors and formats to meet evolving consumer tastes. Packaging innovation, such as single-serve portions and sustainable materials, is also playing a significant role in market expansion. Additionally, marketing strategies emphasizing yogurt's health benefits, including probiotic content, are helping brands capture a larger share of the growing functional foods market. As consumers increasingly seek out products that offer both convenience and health benefits, the yogurt market is well-positioned for continued growth.
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Yogurt Market Report Segmentation:
Breakup by Product Type:
Yogurt drinks dominate the market
Breakup by Flavor:
Strawberry holds the largest share in the market
Breakup by Distribution Channel:
Supermarkets and hypermarkets dominate the market
Breakup by Region:
Asia Pacific exhibits a clear dominance, accounting for the largest yogurt market share.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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