The global Flavored Yogurt Market is poised for a growth trajectory, expected to achieve a CAGR of 7.4% and reach a valuation of USD 106.2 billion by 2032. Within the global food and beverage industry, there is a notable surge in demand for innovative and exotic flavors. Companies are responding by introducing aromatic and plant-based or vegetable-based yogurts, such as beet, carrot, and squash variants, which can be consumed as snacks or incorporated into recipes. Additionally, these plant-based yogurts boast high nutrient content, appealing particularly to the millennial generation.
“Consumers’ shifting dietary patterns toward the use of flavored yogurt as a dessert and as an important dietary component has influenced the rise of yogurt and made it a popular food item in recent years.” said a lead analyst at FMI.
This trend is expected to have a positive impact on the global non-dairy yogurt market. For instance, Cargill Inc. offers PURIS pea protein, derived from yellow peas and processed without hexanes. Leveraging clean-tasting pea starch and pea protein ingredients, the company has developed a yogurt prototype with enhanced creaminess and superior mouthfeel.
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Drinkable Flavored Yogurt among Fastest Growing Breakfast Trends
The trend of drinkable flavored yogurt is rapidly gaining momentum, emerging as one of the fastest-growing breakfast options. Fueled by consumer demand for increased protein intake, enhanced nutrition, and convenience, flavored yogurt beverages are becoming a staple in many people’s morning routines. Nonfat yogurt-based fruit smoothies, in particular, are gaining popularity for their superior nutritional value compared to traditional breakfast choices.
Beyond providing essential nutrients for muscle growth and appetite regulation, yogurt beverages also offer digestive benefits. Their incorporation into food formulations aligns well with clean label campaigns and meets evolving label standards, making them an attractive option for health-conscious consumers.
While conventional flavors like strawberry and vanilla have been popular in the past, innovative producers are now introducing decadent and enticing flavor profiles with lower sugar and fat content. This shift in product offerings adds diversity to the market, capturing consumers’ attention with novel and healthier options.
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Who is winning?
Some of the leading companies offering flavored yogurt are General Mills, Inc.; Danone S.A., Nestle S.A., Chobani LLC, Lactalis, Fonterra Co-operative Group, Arla foods, Yakult Honsha Co., Ltd., ULTIMA FOODS, Chobani, LLC., Sodiaal, Müller UK & Ireland, Rainy Lanes Dairy Foods Ltd., Parmalat S.p.A., Chi Limited, Cargill, Incorporated., Mother Dairy Fruit & Vegetable Pvt. Ltd., Britannia Nutrition Foundation, and Others.
Flavored Yogurt Market by Category
By Nature, Flavored Yogurt Market is segmented as:
- Organic Flavored Yogurt
- Conventional Flavored Yogurt
By Form, Flavored Yogurt Market is segmented as:
- Spoonable
- Drinkable
By Flavor, Flavored Yogurt Market is segmented as:
- Strawberry
- Vanilla
- Peach
- Blueberry
- Chocolate
- Vegetable-based
- Others
By End Use, Flavored Yogurt Market is segmented as:
- Food and Beverage Industry
- HoReCa
- Household Retail
By Sales Channel, Flavored Yogurt Market is segmented as:
- B2B
- B2C
- Modern Trade
- Convenience Stores
- Traditional Grocery Stores
- Specialty Stores
- Online Retail
- Other Retail Formats
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