What is Yogurt Market Scope?
Yogurt is one of the fastest selling categories of stores and has become everybody’s favourite avenues when it comes to escaping miseries of obesity. It is created by bacterial fragmentation of milk. The bacteria produce lactic acid, which acts on milk to give yogurt its texture and characteristic tart flavour. Yogurt provides protein and calcium and gives health benefits ranging from protecting against osteoporosis to relieving irritable bowel disease and aiding digestion, but these depend on the type of yogurt consumed. Yogurt which is rich and with less sugar, more carbs it makes it easier for the body to absorb the nutrients. Yogurt comes in various flavour, which gives a choice to the consumer to consume it.
The Yogurt market study is being classified by Type (Set Yogurt, Greek Yogurt, Yogurt Drinks and Frozen Yogurt) and major geographies with country level break-up. According to AMA, the Global Yogurt market is expected to see growth rate of 4.82% and may see market size of USD107.42 Billion by 2026.
The market for yogurt is highly fragmented. The manufactures compete for innovation, distribution and pricing of yogurt. The increased adoption of taste has triggered the demand among youngsters, which encourages companies to innovate new product variants. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Yogurt market throughout the predicted period.
Chobani (United States), General Mills (United States), Alpina Foods (United States), Auburn Dairy (United States), Wallaby Yogurt (United States), Menchie’s Frozen Yogurt (United States), Yogurtland Franchising. Inc. (United States), TCBY (United States), FAGE (Luxembourg), Skotidakis (Canada), Nestlé (Switzerland), EasiYo (New Zealand), Arla Food (Denmark), Emmi Group (Switzerland), Yakult Honsha Co., Ltd. (Japan), Müller (Germany), Yili Group (China), Bright Dairy & Food Co., Ltd (China) and Lactalis (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Glenisk (Ireland), MEVGAL (Greece), Meiji Holdings Co., Ltd. (Japan), Mengniu Dairy (China), EHRMANN (Germany) and Dannon (France).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Yogurt market by Type, Application and Region.
On the basis of geography, the market of 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).
In 30th Jan 2018, Arla a global leader in natural whey ingredients for products in a range of categories launched a new range of yogurt. It offered various flavour as Blueberry, Raspberry, Pineapple & Passion fruit and Strawberry.
FDA regulating packaged milk and dairy in the United States including yogurt. It has some specific rules including how much moisture and milk fat they must contain, and what aging times are required. and European Food Safety Authority (EFSA) determines the lactose intolerance can be alleviated by ingesting live yogurt cultures (lactobacilli) that are able to digest the lactose in other dairy products. EFSA enabled yogurt manufacturer to use a health claim on product label.
Influencing Market Trend
- Rapid Urbanization and Changing Lifestyle
Market Drivers
- Increasing Prevalence of Healthy Foods and Awareness about Healthy Food
- Rising Demand of Low- Calorie and Healthier Frozen Desserts
- Increasing Availability of Flavours and High Demand for Frozen yogurt With the Low Sugar Content
- Increasing Application of Greek yogurt
Opportunities
- Health Awareness and Related Campaign
- Customer Indulge in Inexpensive luxury during gloomy times
Restraints
- International Quality Standards and Regulations
- Growing Competition From Other Food Service Brands
- Price Sensitive
Challenges
- Maintaining Texture and PH level During the Fragmentation Process
- Complexity for a Finished Package for Yogurt
Key Target Audience
Food manufacturers, suppliers, and processors, R&D institutions, Traders & retailers, Distributors, importers, and exporters, Regulatory bodies, Organizations such as the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Authority (EFSA), and Food Safety Australia and New Zealand (FSANZ), Government agencies, Intermediary suppliers, Universities and industry bodies and End users
Customization available in this Study:
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