The global yogurt market is on a trajectory of substantial growth, projected to reach a valuation of USD 79,147.2 million by 2033, up from USD 44,808.5 million in 2023. This market is set to expand at an impressive CAGR of 5.9% between 2023 and 2033. Yogurt’s nutritional benefits, including the prevention of osteoporosis, type 2 diabetes, and colon cancer, alongside its role in promoting healthy digestion and boosting the immune system, are key factors propelling this growth.
The demand for yogurt is surging due to its nutritional advantages and the increasing awareness of healthy eating habits. The availability of a wide variety of flavors is also driving consumer interest, encouraging manufacturers to innovate and develop products with unique flavors and enhanced health benefits. Drinking yogurt, which offers cognitive, immunity, and bone health benefits, is gaining popularity as a convenient on-the-go snack, especially among the younger generation who prefer flavored options over traditional yogurt.
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Yogurt can also be found fortified with extra vitamins and minerals, making it a nutritious snack option. Recipes frequently incorporate yogurt to add taste and texture. It can be used as a taco or salad topping, as well as a substitute for sour cream or mayonnaise in dips.
Protein shakes and cereal bowls both frequently contain yogurt. Yogurt comes in a wide range of tastes, including savory flavors such as ranch and buffalo, as well as fruity and sweet ones. Yogurt sales will increase during the projected period, according to Future Market Insights, as online platforms quickly supplement in-store purchases.
Demand for yogurt is rising along with the desire for portable snacks. Yogurt manufacturers strive to advance their industries and make goods with consistent, superior potencies at affordable prices by developing new technology.
“Due to significant demand for low-fat, low-sugar desserts, the yogurt market is anticipated to surge during the forecast period. Macroeconomic factors such as rising need for ice cream alternatives among kids and high health consciousness might have a positive impact on the market,” says Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways from Yogurt Market Study
- The USA yogurt market is anticipated to remain dominant with 23.4% of the global market share during the estimated time frame.
- The global yogurt market witnessed growth at a CAGR of 5.4% between 2018 and 2022.
- China yogurt market is predicted to reach a valuation of US$ 2,643.7 million by 2033.
- India yogurt market is anticipated to expand at a significant CAGR of 4.9% over the forecast period.
- The United Kingdom yogurt market is set to register a lucrative CAGR of 5.1% in the next ten years.
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Competitive Landscape: Yogurt Market
Due to the presence of several local and regional competitors, the yogurt market is extremely fragmented and competitive on a global level. Key companies are using a variety of marketing tactics such as partnerships, purchases, mergers, and collaborations to stay on top. Stakeholders in the yogurt sector are more interested than ever in sustainability and certification.
For instance,
- The new Silk Greek yogurt was presented by Danone, a French multinational food products company in August 2021. There are four flavors to choose from: lemon, vanilla, blueberry, and strawberry. The business hopes to provide its clients with plant-based yogurt options with this launch.
Get More Valuable Insights into Yogurt Market
In its latest offering, Future Market Insights offers a thorough study of the yogurt market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.
The study provides compelling insights into the global yogurt market based on product type (yogurt drinks, Greek yogurt, set yogurt, frozen yogurt), distribution channel (hypermarkets, retailers, convenience stores, specialist retailers), and region.
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