Yogurt Market By Product Type (Yogurt, Greek Yogurt, Yogurt Drinks (Regular, And Flavored), and Frozen Yogurt), By Distribution Channel (Supermarkets and Hypermarkets, Retailer Stores, Convenience Stores, and Online Stores), and By Region - Trends, Analysis, and Forecast till 2030

Yogurt market accounted for USD 117.24 Billion in 2020 and is estimated to be USD 196.20 Billion by 2030 and is anticipated to register a CAGR of 5.1%.

Yogurt is food produced from fermentation of milk by bacteria. Yogurt is also known by the names such as joghourt, yahourth, yoghurt, etc. These bacteria are known as yogurt cultures. The fermentation of milk by these bacteria produces lactic acid which provide texture and tart taste to the yogurt. It is rich in various nutrients such as calcium, proteins, zinc, potassium, vitamin B12, vitamin B2, and phosphorus which are highly beneficial for health. The various health benefits of the yogurt are protecting against colorectal cancer, maintaining blood pressure, improving immunity, lowering the risk of type 2 diabetes.

Some types of yogurts contain probiotics, which helps in maintaining digestive health and reduces gastrointestinal disorders, such as bloating, diarrhea and constipation. Yogurt is similar to curd but the one key difference is that the fermentation of the milk is done by mixing two specific strains of bacteria called Lactobacillus Bulgaris and Streptococcus Thermophilus. Greek yogurt contains double protein as compared to curd.

Rising health benefits of yogurt

Growing awareness regarding health benefits of yogurt is one of the major factors driving growth of the target market. Increasing demand for low fat dairy products is another important factor boosting growth of the target market.  Increasing adoption of healthy lifestyle and rising demand for low calorie food products aid in growth of the global yogurt market. Expansion of retail network resulting in wide availability of various types of yogurts are propelling growth of the target market. Increasing promotional activities and new product launches by food & beverages companies are other factor surging growth of the target market. Increasing popularity of flavored yogurt among the young population are other factor supporting growth of the target market.

However, presence of artificial colors and flavors in yogurt and presence of large number of hormones in milk that is used for preparation of yogurt are major restraints hampering growth of the target market. Development of low-cost yogurt with natural flavors and introduction of new flavored yogurts are expected to surge growth of the global yogurt market. Increasing popularity of frozen yogurt as a replacement of ice-creams, and introduction of vegan yogurt from soy milk are factors creating new opportunities for the market players in the global yogurt market.

The global yogurt market is segmented based on product type, distribution channel and region.

On the basis of product type, the global yogurt market is divided into set yogurt, Greek yogurt, yogurt drinks (regular, and flavored), and frozen yogurt. On the basis of distribution channel, the target market is classified into supermarkets and hypermarkets, retailer stores, convenience stores, and online stores.

Regional Insights:

The global yogurt market accounted for US$ 117.24 billion in 2020 and is estimated to be US$ 196.20 billion by 2030 and is anticipated to register a CAGR of 5.1%. On region the global Yogurt market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  North America is accounted for largest market share and is expected to dominate the target market over the forecast period. This is attributed to increasing demand for low fat dairy products among individual in the region. Europe is accounted for second largest market share in terms of revenue over the forecast period, owing to presence of key players in the region. The market in Asia Pacific is projected to witness the significant growth due to increase in consumption of dairy product in the region especially in India and China.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global yogurt market report based on product type, distribution channel and region.

Global Yogurt Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the global yogurt market includes Danone, S.A., Nestle, S.A., Parmalat S.p.A., Yakult Co., Ltd., Chobani LLC, Yoplait SAS, Arla Foods, Miller Company, Inc., Britannia Industries Limited, Mother Dairy, and FrieslandCampina.

Yakult Co. Ltd.

It is a probiotic health drink, which contains more than 8 billion beneficial bacteria. Daily consumption of Yakult helps improve digestion and helps build immunity. It is recommended for all age groups including children and pregnant women.

• Danone S.A.
• Nestle S.A.
• Parmalat S.P.A.
• Yakult Co. Ltd.
• Chobani LLC
• Yoplait SAS
• Arla Foods
• Miller Company Inc.
• Britannia Industries Ltd.
• Mother Dairy
• Friesland Campina