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Global Yogurt Market - Growth, Trends, and Forecast (2018-2023)

Global Yogurt Market - Growth, Trends, and Forecast (2018-2023)

Market Insights

The global yogurt market is expected to record an estimated CAGR of 4.5%, during the forecast period (2018-2023). The increasing awareness of the health benefits of yogurt acts as a catalyst to the growth of this market. The probiotic effects of yogurt has attracted to the consumers.

Increased Demand of Healthier Products

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 the growth of the industry.

Developing Countries Accelerated the Market Growth

Yogurt is majorly consumed in North America with US as the largest market. However, developing countries, such as China, India, and Middle East has observed a strong growth in sale of yogurt. Organic, clean label and authentic version of yogurt are increasing in sale. China and India is expected to contribute 95% of the global dairy market growth. The various fruity flavored varieties and drinkable yogurt style are becoming popular in emerging countries owing to convenience and healthy eating habits.

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.

Key Developments

  • January 2018 – Arla Foods has launched fibre rich yogurt in UK.
  • October 2017 – Dannone has introduced 100% natural yogurt product range in France.
Major players - BEN & JERRYS, CHINA MENGNIU DAIRY COMPANY LIMITED, DANNON, DEUTSCHES MILCHKONTOR GMBH, EMMI GROUP, FAGE, GRUPO ALPURA, GRUPO LALA, KEMPS, MULLER, NESTLE, SCHREIBER FOODS, YEO VALLEY, among others.

Reasons to Purchase this Report
  • Analyzing outlook of the market with the recent trends and Porters 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 & quantitative research incorporating the impact of economic & 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-month analyst support, along with the Market Estimate sheet (in excel)
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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 Modeling
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 Porters 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
4.5.2.1 Purchasing Power
4.5.2.2 Demographic Strengths & Weaknesses
4.5.2.3 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
5.2.2.1 Regular
5.2.2.2 Flavored
5.2.3 Greek Yogurt
5.2.4 Frozen Yogurt
5.2.4.1 Regular
5.2.4.2 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
5.4.1.1 US
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Spain
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Africa
5.4.5.1 South Africa
5.4.5.2 Rest of Africa
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Ben & Jerrys
7.2 China Mengniu Dairy Company Limited
7.3 Dannon
7.4 Deutsches Milchkontor Gmbh
7.5 Emmi Group
7.6 FAGE
7.7 Grupo Alpura
7.8 Grupo LALA
7.9 Kemps
7.10 Muller
7.11 Nestle
7.12 Schreiber Foods
7.13 Yeo Valley
8. Appendix
8.1 Disclaimer

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