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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).

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.

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

Product ID: SQSG30I2051