What is the global market size of Flavored Yogurt Market?

Flavored Yogurt Market size was valued at USD 49.28 billion in 2021 and is poised to grow from USD 52.83 billion in 2022 to USD 85.54 billion by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).

Global Flavored Yogurt Market Size, Share, Growth Analysis, By Flavour(Vanilla, chocolate), By Type(Organic, conventional), By Distribution channel(Supermarkets, convenience stores) - Industry Forecast 2024-2031

Report ID: SQMIG30I2288 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 76

Global Flavored Yogurt Market Insights

Flavored Yogurt Market size was valued at USD 49.28 billion in 2019 and is poised to grow from USD 52.83 billion in 2023 to USD 85.54 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Changing dietary habits, increased health awareness among consumers, rising consumer disposable income, and growing popularity of ready-to-eat foods globally are some of the major factors driving flavored yogurt market growth. The shift in consumer dietary habits toward the consumption of flavored yogurt as a dessert and an important component of the diet has impacted the growth of the yogurt and made it a popular food item in recent years. The growing consumer awareness of lifestyle-related health concerns and the benefits of yogurt due to its composition of essential fortified vitamins, creamy, pulp-laced, and sugar-free content has a positive impact on the digestive mechanism.

The food industry has grown over the years due to the addition of innovation and continuous product development. Attributed to the presence of healthy ingredients such as proteins and sugar-free content, as well as the availability of these products in convenience stores, the market is expected to grow, encouraging international players to expand their consumer base. The demand for naturally enriched fresh fruit-flavored yogurt is extremely high, particularly for berry flavors like strawberry, blueberry, and raspberry. Aside from these flavors, mango, chocolate, and coffee are gaining popularity among consumers. Greece yogurt is in high demand in Western European countries such as France, Germany, and the United Kingdom. The product is a good source of protein and calcium, and it is now available in a variety of flavors. Vanilla is a well-known flavor that is expected to grow in popularity.

US Flavored Yogurt Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Flavored Yogurt Market Report Snapshots

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Some of the market's major players include General Mills, Inc., Danone, Nestle S.A., Chobani LLC, Lactalis, Fonterra, and Arla Foods. Owing to the presence of big sharks and large investment amounts, the market has a moderate to high entry barrier. These market players are engaged in product innovations and are investing heavily in R&D in order to provide the best eatable product to consumers and gain a competitive advantage. The market for flavored yogurt is also being driven by various mergers and acquisitions, as well as the market's major players expanding into new regional markets. Lactalis Group, for example, has acquired Stonyfield Farm, one of the leading producers of yogurt varieties such as grass-fed and soy. 'Nestle', 'General Mills Inc.', 'Danone S.A.', 'Chobani LLC', 'Yoplait', 'Müller Group', 'Fage International S.A.', 'Tillamook County Creamery Association', 'Stonyfield Farm, Inc.', 'Noosa Yoghurt LLC', 'Liberte', 'Wallaby Yogurt Company Inc.', 'The Greek Gods Yogurt', 'Siggis Dairy', 'Forager Project LLC', 'Brown Cow Yogurt', 'WhiteWave Foods', 'Dreaming Cow Creamery', 'Annie's Homegrown Inc.', 'Lactalis Group'

The current trend is to combine unique or unusual flavors, which is becoming extremely popular in the market. Tart flavored desserts have grown in popularity since their introduction due to their superior taste and lower sugar content when compared to traditional yogurt. According to our research and survey, more than a quarter of consumers prefer tart varieties. Increased demand, as well as consumption of tart-flavored desserts, is fueling global frozen yogurt market growth.

Adoption of advanced packaging technology for yogurt by key manufacturers is driving flvaored yogurt market growth. For example, barrier technology is an advanced solution. By blocking light, barrier technology helps to extend the shelf-life of the product without the need for refrigeration. This packaging also aids market growth in low-income areas as well as in remote locations where refrigerated distribution channels do not exist, such as in several African and Southeast Asian countries.

Europe is expected to be the largest market for flavored yogurt in 2021 owing to growing popularity of berry yogurts and flavored Greek yogurt in the region. In 2019, France was the largest market for flavored yogurt in Europe, accounting for more than 22.0% of the market. The market is being driven by factors such as changing lifestyles, rising disposable income, and the growing popularity of flavored yogurt. Furthermore, product innovation and the growing popularity of ready-to-eat foods are major factors driving the segment growth.

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Global Flavored Yogurt Market Size, Share, Growth Analysis, By Flavour(Vanilla, chocolate), By Type(Organic, conventional), By Distribution channel(Supermarkets, convenience stores) - Industry Forecast 2024-2031

Global Flavored Yogurt Market Insights

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