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[PDF] Yogurt Market Set To Register Robust Revenue During In Near Future – Coherent Market Insights

This report calculates the Yogurt Market size, future trends, demand, revenue, price, growth, market drivers, opportunities and challenges, sales channels and distributors, and forecast (2021-2027). The competition in the global Yogurt industry is analyzed, taking into consideration price, revenue, sales, and market share by company, market concentration rate, competitive situations and trends, expansion, merger and acquisition, and market shares of top companies.

(Our SAMPLE COPY of the report gives a brief introduction of the Yogurt market, Detailed TOC, key players of the market, list of tables and figures, and comprising key countries & regions.)

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Some of the Key Competitors or Companies Included In the Study Are General Mills Inc., Nestle S.A., Danone, Yakult Honsha Co. Ltd., Ultima Foods, Inc., Chobani, LLC, Sodiaal, Muller UK & Ireland Group LLP, Kraft Foods Group, Inc., and Rainy Lanes Dairy Foods Ltd.

What Is Yogurt Market?

Yogurt is food produced by bacterial fermentation of milk. These bacteria are known as yogurt cultures and are produced by using cultures of streptococcus thermophiles and Lactobacillus bulgaricus bacteria. Yogurt is a popular fermented milk product and is gaining demand as a healthy food product as it plays an important role in fat loss and enhancing the functioning of the digestive system.

The global yogurt market accounted for US$ 115.4 Bn in 2019 in terms of value and is estimated to reach at US$ 255.3 Bn by the end of 2027 at a CAGR of 10%.

Drivers:

The versatile nature of yogurt and its in different forms is expected to drive the market growth. Yogurt is consumed widely in all types of meals from breakfast to lunch and to dinner. Moreover, it is available in different flavors such as plain, flavored, with toppings, etc. which is also driving growth of the yogurt market. Moreover, consumption of yogurt is not limited to particular age of customers, yogurt are consumed by almost every age group of customers. This is another major factor propelling the market growth of the yogurt during the forecast period.

Market Opportunities

Growing demand for low fat and fat-free yogurt among health-conscious consumers is expected to serve as a key growth opportunity in near future. Improving standard of living and growing purchasing power among the population has led to an increase in demand for healthy food products. Also, the growing prevalence of lifestyle disorders such as obesity, cardiovascular, and diabetes is expected to drive demand for healthy foods, and thereby facilitate the market growth.

Market Trends/Key Takeaways

The adoption of advanced technology for packaging of yogurt is contributing to the growth of the global yogurt market. For instance, barrier technology is one such advanced solution which helps in extending the shelf-life of the product by blocking the light without the need for refrigeration. This type of packaging increases the demand for yogurt in the market, owing to convenience and ease of use offered by product.

The drinking segment dominated the global yogurt market in 2019, accounting for 44.10% share in terms of value, followed by Strained/Greek and set segment respectively

Recent Developments:

In November 2019, Chobani, one of the leading manufacturer of greek yogurt in America, launched oat-based yogurt, traditional Greek yogurt with the popular cereal grain on the bottom, as well as oat milk for coffee shops.

 

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Frequently Asked Questions (FAQ) :

1) What Are The Major Factors Driving The Market Growth?

✍︎ Increasing application of industrial microbiology in healthcare and end-use industries and increasing adoption of inorganic growth strategies by key players are expected to drive the market growth over the forecast period.

2) Which is the leading product type segment in the Market?

✍︎ Reaction consumables are the leading product type segment in the Market.

3) What are the key factors hampering the growth of the market?

✍︎ High risk of contamination is the major factor restraining the growth of the Market

4) Which are the major players operating in the market?

✍︎ Major players operating in the market include General Mills Inc., Nestle S.A., Danone, Yakult Honsha Co. Ltd., Ultima Foods, Inc., Chobani, LLC, Sodiaal, Muller UK & Ireland Group LLP, Kraft Foods Group, Inc., and Rainy Lanes Dairy Foods Ltd.

5) How Many Clients You Served?

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Key Benefits

✍︎  Major countries in each region are mapped according to individual market revenue.
✍︎  Comprehensive analysis of factors that drive and restrict the market growth is provided.
✍︎  The report includes an in-depth analysis of current research and clinical developments within the market.
✍︎  Key players and their key developments in recent years are listed.

And More…

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunities.

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