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Global Yogurt Market

Global Yogurt Market

Yogurt Market
Market Insights

The global yogurt market is expected to grow at a CAGR of 4.5% during the forecast period. The increasing awareness of the health benefits of yogurt acts as a catalyst to the growth of this market. Companies like General Mills, Chobani LLC, and Dannon Company are the major shareholders in the marketplace, accounting for more than 60% of the global demand.

General Mills has created a variety of exotic new flavors of yogurt and ice cream, such as Häagen-Dazs green tea almond stick bars and Yoplait Custard.

Skinny Cow has introduced a new brand look and a simplified recipe for its guilt-free frozen snacks, and expand the product line of frozen yogurt bars.

Stonyfield yogurt announced the launch of products with 25 percent less sugar. The company aims to continually provide healthier food both for consumers and the planet.

Market Dynamics

The rise in disposable income, along with a shift in the eating habits of consumers, is expected to drive the growth of this market. The increase in awareness of the health benefits of yogurt is also a key driver of this market. As it is rich in calcium and protein, some of the health benefits of yogurt include boosting the immune system, combating diarrhea and constipation, etc. The increasing availability of flavored yogurt is also a driver of this market. The rise in the cost of production poses a threat to the market. The growing demand from developing countries due to the greater involvement of the organized sector would provide a further boost to the industry’s growth.

Market Segmentation

The global yogurt market is segmented on the basis of product type into regular yogurt and fat-free yogurt. The regular yogurt contributes more revenue due to the greater adaptability. However, the increasing awareness regarding the consumption of healthy food supports the growth of the fat-free yogurt market. The global yogurt market is further segmented on the basis of form into set yogurt, yogurt drinks, Greek yogurt, and frozen yogurt. The set yogurt is more popular than the others and contributes a higher revenue. The yogurt drinks and frozen yogurt are further segmented into regular and flavored. The global yogurt market is also segmented on the basis of distribution channel into supermarkets/hypermarkets, convenience stores, grocery stores, online, and others.

Regional Analysis

The yogurt market has been geographically segmented into North America, Europe, South America, Africa, and Asia-Pacific. Europe is the major contributor in terms of revenue, followed by Asia-Pacific. In the Asia-Pacific region, China dominates the market, followed by India. The yogurt market is expected to grow substantially in China and Japan during the forecast period due to the rise in demand for flavored yogurt in these countries.

Competitive Environment

The market for yogurt is highly fragmented. The vendors compete for innovation, pricing, and distribution. The increased adoption of western style and taste has triggered demand among the younger consumers, which encourages companies to innovate new product variants targeting this group. Some of the major players in the market include-

China Mengniu Dairy
General Mills
Groupe Danone
Reasons to Purchase this Report

Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report

Value chain analysis
Volume of the global yogurt market
Consumer behavior analysis in country level

1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Dynamics
4.1 Drivers
4.1.1 Rise in Disposable Income
4.1.2 Increase in Awareness of Health Benefits
4.1.3 Increasing Availability of Flavored Yogurt
4.2 Constraints
4.2.1 Increase in cost of Production
4.2.2 High Fat and Sugar Content
4.3 Opportunities
4.3.1 Increasing Demand in Developing Countries
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Consumer Behavior Analysis
4.5.1 Consumer Demand Analysis
4.5.2 Target Market Identification Purchasing Power Demographic Strengths & Weaknesses Spending Patterns
5. Market Segmentation
5.1 By Type
5.1.1 Regular Yogurt
5.1.2 Fat-Free Yogurt
5.2 By Form
5.2.1 Set Yogurt
5.2.2 Yogurt Drinks Regular Flavored
5.2.3 Greek Yogurt
5.2.4 Frozen Yogurt Regular Flavored
5.3 By Distribution Channel
5.3.1 Supermarkets/ Hypermarkets
5.3.2 Convenience Stores
5.3.3 Grocery Stores
5.3.4 Online
5.3.5 Others
5.4 By Geography
5.4.1 North America U.S. Canada Mexico Others
5.4.2 Europe Germany U.K. France Spain Italy Russia Others
5.4.3 Asia-Pacific China Japan India Australia Others
5.4.4 South America Brazil Argentina Others
5.4.5 Africa South Africa Others
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Dannon
7.2 Yoplait
7.3 Grupo LALA
7.4 Deutsches Milchkontor Gmbh
7.5 Emmi Group
7.6 Chobani Inc.
7.7 Schreiber Foods
7.8 Nestle
7.9 FAGE
7.10 China Mengniu Dairy Company Limited
7.11 Muller
7.12 Yeo Valley
7.13 Grupo Alpura
7.14 Ben & Jerrys
7.15 Kemps

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