” Another business knowledge Report released by Data Bridge Market Research with title Global Yogurt Market – Industry Trends and Forecast to 2029 Geography, By Type (Flavoured, Non-Flavoured), Form (Conventional Yogurt, Greek Yogurt, Set Yogurt, Frozen Yogurt, Yogurt Drinks, Others), Fat Content (Regular, Low Fat, Fat Free), Packaging (Plastic Bottles, Tetra Packs, Others), Distribution Channel (Direct Selling/Wholesale, Retail Sales) has capacity to become the largest market worldwide as it has remained assuming a momentous job in building up dynamic effects on the general economy.
Data Bridge Market Research analyses that the yogurt market was valued at USD 107.2 billion in 2021 and is expected to reach the value of USD 162.04 billion by 2029, at a CAGR of 5.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
The Latest Research Report Global Yogurt Market – Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022 – 2029 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – Data Bridge Market Research
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Market Definition
Yogurt is a food that is made by bacterial fermentation of milk. It is consumed in many different forms, including beverage, dessert, snacks, protein-rich sports drink, meal replacement, and others. It promotes healthy digestion, lowers the risk of type 2 diabetes, protects against colorectal cancer, and boosts the immune system. The market is expanding as people become more aware of the health benefits of yogurt.
Some of the major players operating in the yogurt market are:
- Chr. Hansen Holding A/S (Denmark)
- Yakult Honsha Co., Ltd (Japan)
- Nestlé (Switzerland)
- DuPont (U.S.)
- MORINAGA & CO., L.T.D. (Japan)
- BioGaia AB (Sweden)
- Protexin (U.K.)
- Daflorn Probiotics U.K. (U.K.)
- DANONE (France)
- Yakult U.S.A. Inc. (U.S.)
- Deerland Enzymes, Inc. (U.S.)
- UAS Laboratories (U.S.)
- Goerlich Pharma GmbH (Germany)
- SANZYME BIOLOGICS PVT. LTD. (India)
- DSM (Netherlands)
- NutraScience Labs (U.S.)
- Kerry Group plc (Ireland)
- Lallemand Inc. (Canada)
- Lonza (Switzerland)
- Winclove Probiotics (Netherlands)
- Probi (Sweden)
Yogurt Market Dynamics
Drivers
- Rising popularity of low-fat desserts
The rising popularity of low-fat, low-sugar desserts will propel the yogurt market. Furthermore, rising demand for refreshing ice cream alternatives by children and rising consumer health awareness are macroeconomic factors that positively impact the global yogurt market.
- Rising disposable income and rising urbanisation
Aside from that, the introduction of yogurt in a variety of exotic flavours such as blueberry, raspberry, mango, and strawberry, as well as its widespread availability through various online and offline retail channels, are driving up global sales. Furthermore, key players are investing significantly in innovative packaging solutions, such as squeezable tubes and containers with anti-choking caps, creating a positive outlook for the market.
Opportunity
Other factors driving market growth include expanding the retail market in various regions and lowering lactose content for lactose-intolerant people who want to consume dairy products. Yakult, Danone, Nestle, and Chobani are among the major players spreading awareness and promoting yogurt consumption. Conversely, rising demand for yogurt in developing countries due to rising disposable income and increased health awareness is expected to provide numerous opportunities for global market development.
Restraints
However, rising use of artificial additives and ingredients in yogurt is one of the major factors acting as a restraint, and will continue to challenge the yogurt market during the forecast period.
This yogurt market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the yogurt market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Yogurt Market
Yogurt sales initially fell due to COVID-19 restrictions on brick-and-mortar stores. However, major players are attempting to solidify their market position by focusing on e-commerce and online marketing in order to reach consumers across geographical boundaries. Furthermore, the pandemic prompted consumers to seek out immunity-boosting products as well as other fortified products that provide health benefits, resulting in major players improving the composition of their yogurt products by incorporating organic ingredients, making them cholesterol-free, and launching vegan variants with no added preservatives or additives.
Recent Development
- Danone’s “Silk” brand will launch a plant-based Greek yogurt in 2021. They announced that after several years of research and development, the company has launched its new silk Greek yogurt in four flavours: strawberry, blueberry, vanilla, and lemon.
- Lactalis India entered the yogurt category in 2021 with the launch of Lactel Turbo, a yogurt drink priced at INR 15.
- Chobani will launch a portfolio of nutritional foods and drinks in 2020, including Probiotic Drinks and Lactose-Free Greek Yogurt Chobani Probiotic.
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Synopsis of the report
- The Yogurt Market also makes some important proposals for a new project in the market before evaluating its feasibility.
- So this report encourages you to differentiate the opportunities in worldwide Market by region.
- The report focuses on the volume and value at the global level, regional level and company level.
- It analyzes the opportunities in the market for business stakeholders by recognizing the high growth segments, threats, market drivers and risks involved.
Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Yogurt Market Segments
1.3 Players Covered
1.4 Yogurt Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Yogurt Market Growth Trends
2.1 Yogurt Market Size
2.2 Yogurt Market Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Yogurt Market Size by Manufacturers
3.2 Yogurt Key Players Head office and Area Served
3.3 Key Players Yogurt Market Product/Solution/Service
3.4 Date of Enter into Yogurt Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Yogurt Market Sales by Product
4.2 Global Yogurt Market Revenue by Product
4.3 Yogurt Market Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Yogurt Market Breakdown Data by End User
Browse Complete Table of Contents at: https://www.databridgemarketresearch.com/toc/?dbmr=global-yogurt-market
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