Global Flavored Yogurt Market 2017-2021
About Flavored Yogurt
Yogurt, a fermented form of milk, when garnished or added with different flavors obtained from different sources like fruits and vegetables is termed as flavored yogurt. The global flavored yogurt market encompasses several varieties of yogurts based on criteria like low-fat/non-fat, frozen/regular, and flavors from different fruits.
Technavio’s analysts forecast the global flavored yogurt market to grow at a CAGR of 8.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global flavored yogurt market for 2017-2021. To calculate the market size, the report considers both volume and value of the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flavored Yogurt Market 2017-2021
Technavio recognizes the following companies as the key players in the global flavored yogurt market: Chobani, Danone, Fonterra Co-Operative Group, General Mills, and Nestlé.
Other Prominent Vendors in the market are: Cargill, Mother Dairy Foods Processing, DEL MONTE Foods, Arla Foods, Stonyfield Farm, Almarai Company, Inner Mongolia Yili Industrial Group, Cabot Creamery Cooperative, and Emmi Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is adoption of split-pot concept. The split-pot is a relatively new concept in yogurt packaging, which is emerging in the market. This involves addition of compartments in the flavored yogurt package, which contain complimentary food items.”
According to the report, one driver in the market is innovative packaging. As consumers associate great importance to the design and packaging of products, manufacturers continually work toward better packaging to attract customers and increase their market share. They are focusing on the preferences of targeted consumers and making the product more user friendly.
Further, the report states that one challenge in the market is presence of preservatives. The fruit pulps that are added to flavor the yogurt are generally processed fruits that are added with preservatives to increase the shelf life of the product. Generally, the locally prepared yogurt starts spoiling in a day or two, but the branded yogurts stay fresh for a long time owing to the addition of preservatives.
Chobani, Danone, Fonterra Co-Operative Group, General Mills, Nestlé, Cargill, Mother Dairy Foods Processing, DEL MONTE Foods, Arla Foods, Stonyfield Farm, Almarai Company, Inner Mongolia Yili Industrial Group, Cabot Creamery Cooperative, and Emmi Group.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook