Widely recognized as a healthy and versatile food, yogurt is prepared by the bacterial fermentation of milk. The bacteria namely yogurt culture ferments the lactose, a natural sugar present in milk.
Progressive Markets added a report, Global Yogurts Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025, which says that the market is expected to grow at a CAGR of 10.3% from 2017 to 2025.
The process converts lactose to lactic acid that interacts with the milk protein and gives yogurt its natural flavor and texture. Yogurts can be made from various types of milk such as cow's milk, buffalo's milk, goat's milk, ewe's milk, mare's milk, camel's milk, and yak's milk.
A good source of protein and calcium, yogurts is available in the market in various forms ranging from low fat, full fat to the probiotic ones. It can also be used to make a variety of food items such as desserts, sauces, smoothies, and dressings.
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Market Drivers and Restraints
The yogurts industry is witnessing a remarkable growth and this is supported by several factors. They include the growing disposable income of consumers and the rise in awareness of health and nutrition among the population.
On the other hand, reduction in nutrition value of yogurtsss due to the addition of sweeteners, additives, preservatives, and artificial flavors limits the market growth.
Yogurts Market Key Segmentation:
The report divides the global yogurts market into product type, form, distribution channel, and geography. By product type, the report studies the market based on regular yogurt and fat-free yogurt.
Based on form, the report presents a detailed analysis of the set yogurt industry, frozen yogurt industry, Greek yogurt industry, and yogurt drinks industry. The frozen yogurt market offers a dynamic array of flavors and consequently, is one of the most sought-after segments.
By distribution channel, the yogurt market is segmented into supermarket/ hypermarket, grocery stores, convenience stores, and online. Based on geography, the market is studied across the regions such as North America, Asia-Pacific, Europe, and LAMEA.
In North America, the yogurts market has been covered for the U.S., Canada, and Mexico. The market in the Asia-Pacific region has been covered for China, India, Japan, Australia, South Korea, and the other parts of Asia-Pacific.
The market in the LAMEA region has been covered for Brazil, Saudi Arabia, South Africa, and the other parts of LAMEA.
Key Market Players
The top players operating in the global yogurts market adopt mergers and acquisitions, product launching, and more strategies to increase their market reach and presence worldwide. These players include Danone Groupe S.A., Ultima Foods Inc., Chobani LLC, Sodiaal S.A., Nestle S.A., General Mills, Kraft Foods Group, Inc., Yakult Honsha Co., Ltd., Fage International S.A., and Yoplait USA, Inc.
Key Benefits of the Report
The report offers an overall yogurt industry analysis and forecast. It incorporates the yogurt market size (revenue), yogurt market share analysis (2014-2025), major market segments, the top market players, market dynamics, scope and definitions, competitive analysis and recent industry development analysis, and the yogurt market trends.
The data in this report is a result of an extensive primary and secondary market research with inputs from industry experts. It focuses on describing the important influencing factors for the growth of the yogurts market.
The factors include the drivers, restraints, and opportunities. They help determine the demand and supply of the yogurt industry and the opportunities for growth.
Market attractiveness and trends analysis of the yogurts market has been incorporated in the study. This helps predict the future of the yogurts market based on the past data.
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The Porter's Five Forces Analysis helps determine the rivalry between the existing competitors. It also helps to identify the factors that can affect the profitability of businesses.
It encompasses the bargaining power of buyers and suppliers, threat of substitutes, industry rivalry, and threat of new entrants. The yogurt market size and share analysis is included for every segment and sub-segment in the report, giving an indication of how well the market is performing and where it is going.
The market analyzed across the various geographical regions help identify the opportunities existing in the yogurts industry.
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