Yogurt Market - Forecast(2021 - 2026)

Report Code: FBR 0378 Report Format: PDF + Excel (Delivery in 48 Hrs)

Yogurt Market Overview

Yogurt Market size is estimated to reach $122.6 Billion by 2026, growing at a CAGR of 4.6% during the forecast period 2021-2026. Yogurt is basically a semi-solid food which is prepared from milk and fermented by bacteria, often sweetened and flavored. Yogurt is found to have numerous health benefits, including weight loss, decrease in inflammation, reduction of high blood pressure and improvement in metabolic rate. Growing demand for plant-based yogurts, increase in the demand for convenience foods, increase in the inclination towards sedentary lifestyle, growing incidences of lactose intolerance and lactose sensitivity, increase in the investment by the key players, and increase in the awareness about the health benefits of dairy-free yogurts are the factors that are set to drive the growth of the global market for the forecast period 2021-2026.

Yogurt Market Report Coverage

The report: “Yogurt Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Yogurt Market. 
By Type: Spoonable and Drinkable.
By Category: Dairy Based Yogurt and Non-dairy Based Yogurt.
By Flavor: Plain, Strawberry, Pineapple, Peach and Others.
By Distribution Channel: Supermarkets, Online Stores, Convenience Stores, and Others.
By Geography: North America, Asia-Pacific, Europe, and Rest of World (ROW).

Key Takeaways

  • Geographically, Europe Yogurt Market accounted for the highest revenue share in 2020 and it is poised to dominate during the forecast period 2021-2026 owing to the growing demand for non-dairy yogurts.
  • The easy availability of choice of flavors is driving the growth of the dairy based yogurt segment.
  • Use of artificial additives and ingredients is one of the major factors that is said to reduce the growth of the Yogurt Market.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Yogurt Market report.

Yogurt Market Segment Analysis - By Type

The Yogurt Market based on the Type can be further segmented into Spoonable and Drinkable. The Spoonable segment held the largest share in 2020 owing to the factors such as increase in the availability of various flavors, rise in the disposable income of individuals and growing demand for non-dairy yogurts. The growing demand for flavored spoonable yogurts is driving the growth of the market. Drinkable segment is estimated to be the fastest growing segment owing to the factors such as growing demand for beverages, increase in the awareness about the health benefits of drinkable yogurts, growing demand for drinkable yogurts from athletes and rise in the investment by the major players.

Yogurt Market Segment Analysis - By Category

The Yogurt Market based on the Category can be further segmented into Dairy Based Yogurt and Non-dairy Based Yogurt. Dairy Based Yogurt segment held the largest share in 2020 owing to the factors such as growing demand for convenience foods, increase in the investment by the major players and rise in the disposable income of individuals. The easy availability of choice of flavor in dairy-based yogurts is propelling the growth of the market. Non-dairy Based Yogurt is estimated to be the fastest growing segment with a CAGR of 5.3% during the forecast period 2021-2026. This is owing to the factors such as increase in the demand for plant-based products, growing incidences of lactose intolerance and lactose sensitivity and increase in the awareness about the health benefits of non-dairy yogurts.

Yogurt Market Segment Analysis - By Geography

The Yogurt Market based on the Geography can be further segmented into North America, Asia-Pacific, Europe, and Rest of World (ROW). Europe held the largest share with 34.6% of market in 2020. The growth in this segment is owing to the factors such as growing demand for plant-based foods among customers, increase in the product launches, growing demand for flavored yogurts and increase in the investment by the major companies. The growing demand for non-dairy yogurts in the region is propelling the growth of the market. Asia-Pacific is estimated to be the fastest growing segment owing to the factors such as growing incidences of lactose intolerance and lactose sensitivity, increase in the awareness about the health benefits of dairy-free yogurts and increase in the demand for convenience foods among the young population.

Yogurt Market Drivers

Rise in the incidences of lactose intolerance and lactose sensitivity

The rise in the incidences of lactose intolerance and lactose sensitivity among the customers across the world has made the manufacturers to increase its investment in non-dairy products, which is estimated to enhance the growth of the Yogurt Market.

Increase in the awareness about the health benefits of yogurts

The health benefits associated with the consumption of yogurt include healthy digestion, protection against colorectal cancer, lower risk of type 2 diabetes, enhanced weight loss, reduction of high blood pressure and improved immune system, which is driving the growth of Yogurt Market.

Yogurt Market Challenges

Use of artificial additives and ingredients in the yogurt

The use of artificial additives and ingredients in the yogurt is restraining the demand owing to the growing demand for natural products in convenience foods among the customers across the world, which is one of the major factors that is estimated to reduce the growth of the Yogurt Market.

Yogurt Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Yogurt Market. Key companies of this market are The Hain Celestial Group Inc, Danone SA, Nestle SA, Chobani LLC, General Mills Inc, Arla Foods, FrieslandCampina, Britannia Industries Limited, China Mengniu Dairy Company Limited, and Yoplait among others.

Acquisitions/Product Launches:

  • In 2020, Danone has launched its dairy-free yogurt drink range to create a smooth and creamy texture without dairy and to accelerate its push into the dairy-free market.
  • In 2019, Nestle has launched YOGU nutritional yogurt, which contains five essential requirements for children, vitamins C, calcium, and zinc.
  • In 2019, General Mills Inc has launched dairy-free versions of its French style yogurt brand Oui to embrace plant-based protein in its product lineup.

1. Yogurt Market - Overview
    1.1 Definitions and Scope
2. Yogurt Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Flavor
    2.3 Key trends by Distribution Channel
    2.4 Key trends by Geography
3. Yogurt Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies 
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Yogurt Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Yogurt Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Yogurt - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Yogurt Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Yogurt Market – By Type (Market Size –$Million/$Billion)
    8.1 Spoon able
    8.2 Drinkable
9. Yogurt Market – By Category (Market Size –$Million/$Billion)
    9.1 Dairy Based Yogurt
    9.2 Non-dairy Based Yogurt
10. Yogurt Market – By Flavor (Market Size –$Million/$Billion)
    10.1 Plain
    10.2 Strawberry
    10.3 Pineapple
    10.4 Peach
    10.5 Others
11. Yogurt Market – By Distribution Channel (Market Size –$Million/$Billion)
    11.1 Supermarkets
    11.2 Online Stores
    11.3 Convenience Stores
    11.4 Others
12. Yogurt Market - By Geography (Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 Rest of the World
        12.4.1 Middle East
        12.4.2 Africa
        12.4.3 South America
13. Yogurt Market - Entropy
14. Yogurt Market – Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Best Practices for Companies
15. Yogurt Market – Key Company List by Country Premium  Premium
16. Yogurt Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.