Global Yogurt Drinks Market 2016-2020
About Yogurt Drinks
Yogurt drinks have a reduced solid content compared to yogurt and are consumed as a beverage with added sugar and fruit flavored syrups. Yogurt drinks are consumed mainly for the health benefits associated with their consumption.
Yogurt drinks are popular around the globe and in 2013 Turkish Prime Minister Recep Tayyip Erdogan declared Aryan, a yogurt drink made from cows' milk, as the national drink of Turkey. Yogurt drinks are becoming popular among consumers who are looking for a healthy on-the-go snack.
Technavio’s analysts forecast the global yogurt drinks market to grow at a CAGR of 7.88% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global yogurt drinks market for the period 2016-2020. The market size and forecasts provided in this report are calculated on the basis of revenue from the retail sales of yogurt drinks.
The market is divided into the following segments based on distribution channel:
Technavio Announces the Publication of its Research Report – Global Yogurt Drinks Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Yogurt Drinks Market: Danone, Fonterra, General Mills, Muller, Nestle and Yakult
Other Prominent Vendors in the market are: Amul,Bio Green Dairy,Bright Dairy, China Mengniu DairyFlora ProActiv, FrieslandCampina, Grupo Lala, Hangzhou Wahaha Group, Inner Mongolia Yili Industrial Group, Karoun Dairies, Lashbrook Lassis, Marquez Brothers International, Powerful Men, Raisio Group, Spoldzielnia Mleczarska Mlekovita, Temple Turmeric, and Tropical Cheese Industries.
Commenting on the report, an analyst from Technavio’s team said: “To attract the attention of consumers and to distinguish their products from product offerings of competitors, yogurt drinks manufacturers are introducing new innovative packaging to their products. Packaging also helps in extending the shelf life of the product.”
According to the report, the rising number of mergers and acquisitions and strategic collaborations between companies is one of the key growth drivers of the global yogurt drinks market. To maintain a steady supply of milk, the primary raw material of the market, vendors are increasingly investing in milk sources and cattle ranches.
Further, the report states that Consumers prefer yogurt drinks as a healthy beverage, and findings show consumption of high sugar content in yogurt drinks can damage the consumer's trust on yogurt drinks.
Danone, Fonterra, General Mills, Muller, Nestle, Yakult, Amul,Bio Green Dairy,Bright Dairy, China Mengniu DairyFlora ProActiv, FrieslandCampina, Grupo Lala, Hangzhou Wahaha Group, Inner Mongolia Yili Industrial Group, Karoun Dairies, Lashbrook Lassis, Marquez Brothers International, Powerful Men, Raisio Group, Spoldzielnia Mleczarska Mlekovita, Temple Turmeric, Tropical Cheese Industries.
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