About Skim Yogurt
The yogurt prepared by bacterial fermentation of low-fat or non-fat milk is referred to as skim yogurt. Low-fat yogurt contains between 2% to 0.5% milkfat, while non-fat yogurt contains less than 0.5% milkfat. Skim yogurt may have additional sweeteners, flavorings, cultures, stabilizers added to it. Skim yogurt has gained popularity since it promotes weight management and reduces the risk of heart diseases. It is considered as an excellent ready-to-eat snack by weight-conscious people owing to its high nutrient content. Yogurt can be consumed by people who are lactose intolerant. As snacking has become the universal eating habit, consumers are increasingly looking for healthy, convenient alternatives. This will pose an opportunity for skim yogurt in the convenience foods category.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.6% |
The players in the market are focusing on the development of economic printers for household applications. The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Skim Yogurt market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Mills (United States), Nestle (Switzerland), FAGE (United Kingdom), Danone (France), Ultima Foods Inc. (Canada), Chobani (United States), Emmi Group (Switzerland), Muller UK & Ireland Group LLP (United Kingdom), Kraft Heinz Company (United States) and Rainy Lanes Dairy Foods (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wallaby Yogurt Co LLC (United States), Cabot (United States), The Icelandic Milk and Skyr Corporation (United States) and BSA SA (France).
Segmentation Overview
AMA Research has segmented the market of Global Skim Yogurt market by Type (Plain and Flavored {Strawberry, Vanilla, Banana, Others}) and Region.
On the basis of geography, the market of Skim Yogurt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fat Content, the sub-segment i.e. Low-Fat will boost the Skim Yogurt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pack Size, the sub-segment i.e. 100g to 500g will boost the Skim Yogurt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Skim Yogurt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Manufacturers Are Introducing Unique Flavors to Widen the Market and Rising Trend of Replacing Meals with Snacks
Market Growth Drivers:
Rising Health Consciousness Worldwide and Increasing Demand for Ready-To-Eat Food Products
Challenges:
Stringent Government Regulations Regarding Food Products
Restraints:
Harmful Ingredients and Additives in Yogurt
Opportunities:
Rising Obesity Rates May Boost the Market, Rising Health Consciousness among Millennials Who Eat Meals On-The-Go and Availability of Numerous Distribution Channels
Market Leaders and their expansionary development strategies
In September 2023, Yoplait is looking to capitalise on the popularity of protein yoghurts by launching SKYR Energy, its first SKYR line to contain real fruit pieces, Vitamin B6 and Vitamin D, be high in protein and fat-free.
In June 2023, Chobani announced the launch of Chobani® Zero Sugar* Drinks, an innovative zero-sugar offering in a convenient drink format, that provides consumers with a protein-packed on-the-go option made with natural ingredients.
“According to the United States Department of Agriculture (USDA), composition requirements apply to the yogurt prior to the addition of bulky flavoring ingredients for yogurt is C Fat – not less than 3.25 percent, C Milk Solids Not Fat – not less than 8.25 percent. For Low-fat Yogurt, C Fat – not less than 0.5 percent or more than 2 percent, C Milk Solids Not Fat – not less than 8.25 percent. For Nonfat Yogurt, Fat – not more than 0.5 percent, and Milk Solids Not Fat – not less than 8.25 percent.”
Key Target Audience
Skim Yogurt Manufacturer, Skim Yogurt Traders/Distributors/Suppliers, Skim Yogurt Raw Material Supplier, Regulatory & Government Bodies, Skim Yogurt Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.