Yogurt Market - Segmentation And Analysis By Recent Trends, Development And Growth By Regions To, Analysis, Forecast To 2033
The yogurt market is a significant segment of the global dairy industry. Yogurt, also known as curd, is a fermented milk product produced by the bacterial fermentation of milk. It has been consumed for centuries and is known for its numerous health benefits.
In recent years, the yogurt market has experienced
substantial growth worldwide. This growth can be attributed to several factors.
Firstly, there has been an increasing awareness among consumers regarding the
health benefits of yogurt. Yogurt is rich in probiotics, which promote a
healthy digestive system and boost the immune system. It is also a good source
of protein, calcium, and other essential nutrients.
Accelerate Your Market Research with Actionable Insights!
Get a Sample Copy with Graphs & List of Figures for the Yogurt
Market! https://www.futuremarketinsights.com/reports/sample/rep-gb-917
The global yogurt market is anticipated to surge
from US$ 44,808.5 million in 2023 to US$
79,147.2 million in 2033. It is anticipated to expand rapidly
between 2023 and 2033, with a CAGR of 5.9%.
Yogurt’s nutritional benefits, which include the reduction
of type 2 diabetes, colon cancer, and osteoporosis risk, are expected to drive
growth on a global scale. It can also help promote good digestion and
strengthen the immune system.
Sales are expected to be boosted in the medium term by
elements including accessibility of a wide range of tastes, awareness of
yogurt’s nutritional content, and surging public awareness of the significance
of a healthy diet. This is further motivating producers to focus on creating
goods with unique flavors and health advantages.
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.
Key Takeaways from Yogurt Market Study
- The
USA yogurt market is anticipated to remain dominant with 4% of
the global market share during the estimated time frame.
- The
global yogurt market witnessed growth at a CAGR of 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 9% over
the forecast period.
- The
United Kingdom yogurt market is set to register a lucrative CAGR of 1% in
the next ten years.
“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
a lead analyst at Future Market Insights.
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.
About the Food & Beverage Division at Future Market
Insights
Expert analysis, actionable insights, and strategic
recommendations – the food & beverage team at Future Market Insights helps
clients from all over the globe with their unique business intelligence needs.
With a repertoire of over 1,000 reports and 1 million+ data points, the team
has analyzed the food & beverage industry lucidly in 50+ countries for over
a decade. The team provides end-to-end research and consulting services; reach
out to explore how we can help.
Information Source: https://www.futuremarketinsights.com/reports/yoghurt-market
Comments
Post a Comment